UK to invest $1.2 billion in green energy projects in India
UK’s development finance institution CDC will invest $1 billion in green projects in India between 2022-26. Besides, UK has committed a new $200-million private and multilateral investment into the joint UK-India Green Growth Equity Fund that invests in Indian renewable energy.
Reliance Industries may acquire REC Solar
Mumbai-based Reliance Industries and REC Solar have declined to comment on rumors that the Indian company might acquire the Norwegian PV module maker, in a potential transaction that Indian media outlets have already valued at $1 billion to $1.2 billion.
German manufacturer unveils 10-busbar, half-cell PV modules
Bauer Solartechnik GmbH has released its new 400 W and 405 W BS-M10 PV panel series for rooftop projects.
Crystal arrangement results in 1,000x more power from ferroelectric solar cells
German researchers developed a lattice arrangement of three different layers of ferroelectric crystals that created a powerful photovoltaic effect.
Amp Energy India raises US$ 100 million from Danish investor
Copenhagen Infrastructure Partners and Amp Energy have signed a US$200 million investment pact with each partner committing to $100 million. The investment will allow Amp Energy to add 1.7 GWp of utility-scale and commercial and industrial renewable energy projects.
Torrent Power acquires 50 MW solar assets from Lightsource BP
The PV plant is situated in the Solapur district of Maharashtra. It benefits from a 25-year power purchase agreement with Solar Energy Corporation of India Limited at a fixed tariff of INR4.43 per unit.
Fourth Partner Energy acquires 8.9 MW solar portfolio from Statkraft
The acquisition is in line with the Hyderabad-based corporate solar developer’s plan to ramp up. For Norwegian developer Statkraft, the selloff is part of its strategic plan to exit the distributed solar segment in India and focus on developing large-scale projects.
ReNew Power to use Dassault Systèmes’ 3D virtual platform for RE project management
The Indian developer will use the 3DExperience virtual platform to manage its utility-scale solar, wind, and hybrid energy projects more efficiently. The platform enables users to track the progress of multiple complex projects, quickly act on insights and ensure best-in-class delivery.
A solar pavilion for India’s rooftops
India’s energy transition will not succeed without rooftop PV and roll-out is hindered not only by a lack of household finance, but by the fact many of the nation’s flat roofs are enjoyed by residents. Germany’s international development agency has proposed a solution.
Fraunhofer ISE unveils 68.9%-efficient III-V solar cell for laser energy transmission systems
The German research institute said the gallium arsenide cell has achieved the highest efficiency to date for the conversion of light into electricity.
