Originally published on Future Trends.
Welcome to another edition of our new India x Cleantech range! On a monthly basis, we bring together news from every area of clean technology in India into a single, concise, summary article about the country.
Cleantech Investments
Acme sells stake in 250 megawatt solar energy project to foreign investors
Acme Cleantech has sold a 49% stake in a 250 megawatt solar power project currently under development in the state of Rajasthan. Denmark's IFU has acquired 39% on behalf of the Danish SGD Investment Fund, while the United Nations Sustainable Infrastructure Impact Investments (S3i) has acquired 10% of the shares in the project.
Scatec Solar buys 50% of the shares in the 900 megawatt solar project from Acme
Scatec Solar has agreed to acquire a 50 percent stake in a 900 megawatt solar energy project that Acme Cleantech is developing in the state of Rajasthan. The project was awarded to Acme in an auction held in 2018 by the Solar Energy Corporation of India (SECI). Acme had a record low bid of Rs 2.44 (3.29) per kilowatt hour.
1366 Technologies invests $ 300 million in solar module production in India
US-based 1366 Technologies plans to invest US $ 300 million in building a facility in India for solar wafer and cell production. The company is backed by Bill Gates' Breakthrough Energy Ventures and has North Bridge Venture Partners and Polaris Partners as investors. The company plans to set up the production facility as part of the Indian government's production-based incentive system and is looking for Indian companies to partner with.
Renewable energies & batteries
Indian gas supplier is planning an offer for 400 megawatts of solar power
GAIL will bid for 400 megawatts of solar power capacity from the Solar Energy Corporation of India (SECI). The capacity would be spread across three projects to be commissioned in Madhya Pradesh state. GAIL has limited renewable energy capacity, mainly in the form of solar roof projects and some wind energy projects. However, the company is aggressively looking for acquisitions and partnerships.
Tata Group puts India's largest solar carport into operation
Tata Power has announced the commissioning of a solar powered carport in Pune, Maharashtra, India. The 6.2 megawatt carport is the largest of its kind in the country, the company claims. The project, commissioned at the Tata Motors plant, can generate 8.6 million kilowatt hours of electricity and offset 7,000 tons of carbon dioxide emissions annually. The project covers 30,000 square meters and will be used as a covered parking lot for finished Tata Motors cars.
Reliance Group plans to invest $ 10 billion in solar, storage and hydrogen
Reliance Industries, led by Mukesh Ambani, has announced aggressive plans to invest more than 750 billion rupees in the construction of production facilities for solar cells, energy storage, electrolysers and fuel cells over the next three years. All manufacturing facilities would be located in the western state of Gujarat.
GE packs 148.5 megawatt wind turbine order
GE Renewable Energy has received an order from Continuum Wind Energy to supply 55 units of its 2.7 MW onshore wind turbine. GE would also wait the project long term. Continuum secured the project through auction management from Solar Energy Corporation of India. The project would be based in Gujarat.
Solex Energy Plans expansion of module production
Solex Energy from Gujarat has placed an order for 1.2 gigawatt module production systems. The company plans to complete 600 megawatts of the module production line by October this year and then add another 600 megawatts. In the future, the company also wants to build up production capacities for solar cells.
Indian Railways publishes tender for 740 megawatts of solar power
The Railway Energy Management Company has published a tender for 740 megawatts of solar energy calling for developers to tender for projects in eight states. Most of the capacity would be in Gujarat (317 megawatts), followed by Bihar (109 megawatts), Rajasthan (84 megawatts) and Madhya Pradesh. Developers would be obliged to use only solar cells and modules made in India for these projects.
Gujarat signs contract for 2.5 gigawatts of solar power
Electricity suppliers in Gujarat have signed power purchase agreements with almost 4,000 small solar power projects with a total capacity of 2.5 gigawatts. The projects would be commissioned over the next 18 months. The size of each project will be between 0.5 and 4 megawatts.
Module manufacturer Goldi is planning a 5 gigawatt production capacity
The Indian module manufacturer Goldi Solar has announced that it will expand its production capacity to 2.5 gigawatts by March 2022. It currently has a production capacity of 500 megawatts. The company is ultimately planning a production capacity of 5 gigawatts.
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