Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).
German engineering federation VDMA has published a new report outlining strong demand for solar production equipment from non-Asian markets, indicating a shift in the global solar industry landscape.
The German Solar Industry Association sees uninterrupted demand for private photovoltaic roof systems in particular. The mark of four million photovoltaic systems could be reached as early as next year.
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
The Indian multinational EPC company is setting up a pressurized alkaline electrolyzer factory with a capacity of 1 GW per annum. It expects to produce the first few electrolyzers from this facility by March next year.
First Solar has agreed to pay $38 million to buy Swedish manufacturing startup Evolar AB, as it seeks to expand development of high-efficiency tandem PV tech.
India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.
Borosil Renewables said the solar glass capacity of its German arm GMB Glasmanufaktur Brandenburg GmbH has increased to 350 tonnes per day (tpd) from 300 tpd following the modification and cold repair of its furnace.
Larsen & Toubro (L&T) has signed the agreement to manufacture pressurized alkaline electrolyzers in India under a technology license from France-based McPhy Energy.
PTC India Ltd will work with N-Side, Belgium, to develop a predictive solution for the Indian power markets.
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