Renewables developer Ayana hits $721 million in equity funding with fresh injection
The Indian renewables platform’s promoters have committed additional equity funding of $390 million, taking the total to $721 million. National Investment and Infrastructure Fund (NIIF), accounting for $284 million of the new injection, becomes the majority shareholder now. U.K. government-owned development finance institution CDC Group and UK-India Green Growth Equity Fund (GGEF) have committed $70 million and $36 million, respectively.
India, Sweden to fund joint R&D in smart grids
India’s Department of Science & Technology and the Swedish Energy Agency have launched a collaborative funding program for Indian and Swedish companies that aim to jointly develop new technologies, services and processes in the area of smart grids.
India ranked the world’s most attractive solar PV market by Ernst & Young
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
Exide Industries increases stake in lithium battery JV with Leclanché
With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.
TERI partners Norway’s Greenstat for Centre of Excellence in hydrogen
The Energy and Resources Institute (TERI) has signed a Memorandum of Understanding (MoU) with the India arm of Norwegian energy company Greenstat to set up a Centre of Excellence for hydrogen in India and accelerate deployment of hydrogen technologies in the country.
BMW selects KPIT software for next-generation EV charging electronics
The engagement covers software development, integration, and maintenance of combined powertrain coordination unit including charging control, and extends over several years.
Sterling and Wilson Solar opens European headquarter in Spain
Led by Vikas Bansal, the Seville-based office will target Europe’s growing solar market in countries like Portugal, Spain, Italy and Poland.
Indian-led start-up raises Swiss funding for solar diagnostic tool
Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.
UK’s WiseEnergy bags deal to manage 550MWp Indian solar assets
WiseEnergy will provide asset management services for the four solar plants in Madhya Pradesh and Andhra Pradesh that UK-based equity investor Actis acquired from Indian developer Acme Solar recently.
Fourth Partner Energy raises US$15 million from Swiss investor responsAbility
The Hyderabad-headquartered developer will utilize the debt funding towards construction of upcoming projects for its clients as it aims to add around 350 MW capacity across both open-access and distributed solar portfolios this fiscal year.
