Daily News Wrap up: INOXGFL Group Forays Into Solar Modules, Cell Manufacturing
Saur Energy International Magazine
Saur Energy International Is the most well read magazine on solar energy news and the energy transition in India
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Noida-based wind energy company INOXGFL group has announced a foray into solar manufacturing through Inox Solar, a privately held entity by the promoters. The move ostensibly...
In a role reversal of sorts, solar EPC firms enjoyed their day in the sun today, even as green developers, who had started the week on...
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RENEWABLE ENERGY NEWS
Reliance NU Energies Makes Key Appointments
Reliance NU Energies Private Limited, a subsidiary of Reliance Power, has inducted two key people in its leadership: Mayank Bansal as Chief Executive Officer (CEO) and Rakesh Swaroop as Chief Operating Officer (COO), who have a combined experience of over 40 years in the energy...Read more.
Mahindra Adds New Subsidiary Velos Hybren To Expand RE Portfolio
Mahindra Susten (MSPL) recently incorporated Velos Hybren Private Limited (Velos Hybren) as its step-down subsidiary to spur renewable energy growth. Velos Hybren has been established to produce and sell power, generate electricity, act as an Independent Power Producer (IPP), and facilitate distributed energy solutions, including...Read more.
States Open Up With More Land Bank Policies For RE Projects
Marred by hurdles in land acquisition for new renewable energy projects, several Indian states are now coming up with innovative solutions like land banks to tackle the issue of land for green projects. Over the past few months, various states have announced or initiated plans...Read more.
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Gentari, AM Green In 650 MW RTC Deal For Green Ammonia Plant
Clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Castor One Private Limited and AM Green Ammonia India have executed a firm and binding Power Purchase Agreement. Under the agreement, Gentari will be supplying 650 MW round-the-clock, carbon-free energy to power AMG Ammonia’s upcoming...Read more.
Solar Startup Raptor Maps Closes $35 Mn Series C Financing Round
US-based software company Raptor Maps recently announced its oversubscribed Series C financing round. The $35 million growth investment was led by Canadian-based Maverix Private Equity (Maverix). It involved participation from existing investors MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator. The firm...Read more.
90% Surge In Installations After Green Energy Open Access: IEEFA
A new report claims that regulatory clarity on green energy open access led to an upsurge in annual renewable energy installations. The Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics prepared the report. The report said that the Green Energy...Read more.
Google Backs Clean Energy Firm To Power AI Data Center Expansion
US-based clean energy company, Intersect Power recently partnered with Google and TPG Rise Climate (TPG) to provide renewable power and storage solutions to new data centers. This partnership is designed to deliver gigawatts of new data center capacity across the US with Intersect Power catalyzing...Read more.
News In Brief Dec 11: CATL in Spain, Husk Power, EVLO’s First BESS
Stellantis And CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain Stellantis, the maker of the iconic JEEP, and CATL recently reached an agreement to invest up to €4.1 billion to form a joint venture that will...Read more.
EV's & Storage News
Mahindra, Vidyut Tie-up For Battery-as-a-Service Commercial EVs
Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Limited (M&M) and Vidyut (VT), have announced a collaboration. MLMML is an electric commercial vehicle manufacturer that has sold more than 2 Lakh Electric Vehicles (EVs). Vidyut is a Bengaluru-based full-stack EV startup...Read more.
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017: BNEF
The latest analysis from BloombergNEF (BNEF) said that battery prices this year, in 2024 saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to the research. BNEF identified a decline...Read more.
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