Welcome to a different problem of our India x Cleantech collection! On a month-to-month foundation, we’re pulling information from throughout clear know-how sectors in India right into a single, concise abstract article concerning the nation.

Cleantech Investments

Partners Group Plans To Invest $300 Million In Rooftop Solar Company Sunsure

Switzerland-based non-public fairness fund Partners Group is reportedly seeking to invest $300 million in one among India’s main rooftop solar energy corporations. Sunsure Energy operates in India’s rooftop solar energy market providing engineering, procurement, and building companies to builders and shoppers.

German Development Bank KfW, State Bank Of India Sign €150 Million Loan Agreement For Solar Projects

India’s largest industrial financial institution and Germany’s growth financial institution, KfW, have signed a second settlement to fund solar power projects in India. State Bank of India is predicted to obtain a mortgage from KfW at concessional charges which might then be disbursed to solar energy mission builders. Neither financial institution specified the kind of solar energy tasks that might seemingly profit from this partnership. The two banks had earlier signed an analogous settlement in 2017 via which KfW had supplied a €150 million line of credit score to SBI.

Sembcorp Acquires Indian Renewable Power Developer Vector Green

A subsidiary of Singapore-based Sembcorp Industries has signed an settlement to acquire a 100% fairness stake in Vector Green, an India-based renewable vitality mission developer. Sembcorp Green Infra will purchase Vector Green for $342 million. Vector Green has photo voltaic and wind energy tasks throughout 13 states in India comprising of 559 megawatts of solar energy capability and 24 megawatts of wind energy capability. With this acquisition, Sembcorp Green Infra will cross 1 gigawatt of renewable vitality capability.

Indore To Issue India’s First Municipal Bond For A Solar Power Project

Indore Municipal Corporation is planning to problem India’s first municipal bond to fund a solar energy mission. Indore is a metropolis within the state of Madhya Pradesh. The municipal company is seeking to elevate round 32 million via a 10-year bond sale. The bond shall be open to retail traders. Proceeds from the bond sale shall be used to arrange a 60 megawatt solar energy mission within the metropolis.

India’s First Sovereign Green Bond To Fund Solar, Wind Power Projects

The Indian authorities is planning to problem its first sovereign green bond. India’s finance minister had introduced plans to problem inexperienced bonds with a purpose to elevate funds from the home market. According to media experiences, the federal government is seeking to elevate Rs 160 billion earlier than March 2023. Proceeds from these bonds can be used to finance photo voltaic, wind, and small hydro energy tasks. These funds wouldn’t be used to assist nuclear energy vegetation, biomass-based energy vegetation, or hydro energy tasks with a capability of greater than 25 megawatts.

Renewable Energy & Storage

Solar Energy Corporation Of India Eyes Non-Battery Storage Projects

India’s main renewable vitality tendering company, Solar Energy Corporation of India, has sought bids from builders to arrange non-battery energy storage projects. The authorities company has requested builders to bid for tasks primarily based on numerous applied sciences, together with gravity-based storage, inexperienced hydrogen, and many others. SECI has supplied to monetary assist the equal to 100% of the mission value, which can be disbursed in tranches at key milestones throughout mission growth. These embrace submission of mission design, procurement of kit, and set up. Developers which have participated within the vitality storage tenders to date are believed to be engaged on battery-based vitality storage or pumped hydro storage.

ReNew Power Plans 2 Gigawatt Solar Cells & Modules Capacity

Nasdaq-listed ReNew Power, one among India’s largest renewable vitality builders, has introduced plans to develop 2 gigawatts of solar cells and modules production capacity within the western state of Gujarat. Company chairman Sumant Sinha introduced that building of the primary section of the manufacturing capability is in full swing. The facility is predicted to be commissioned by late 2023. Initially, the corporate shall have annual manufacturing capability of two.4 gigawatts of modules and a pair of gigawatts of cells. The cell manufacturing line is expandable to as much as 4 gigawatts.

300 Megawatt Floating Solar Tender Receives 1,000 Megawatts of Bids

A young issued for the event of a 300 megawatt floating solar energy mission within the state of Madhya Pradesh has attracted bids from seven corporations. Government-owned corporations NHDC and SJVN and privately owned Tata Power Solar bid to develop 200 megawatts every. Eden Renewables, Hinduja, Mahindra Susten, and NTPC submitted bids for 100 megawatts every. The mission is a part of a 600 megawatt floating photo voltaic park being developed by Rewa Ultra Solar Limited. An earlier tender of 300 megawatts was awarded to NHDC, AMP Energy and SJVN that are collectively creating 278 megawatts.

1 Gigawatt Solar Wind Hybrid Tender Oversubscribed 3.5x

An expression of curiosity issued by government-owned PTC India looking for potential bids from mission builders for organising photo voltaic wind hybrid tasks has been significantly oversubscribed. Developers have expressed curiosity to develop 3,500 megawatts of capability in opposition to an supplied capability of 1,000 megawatts.  The EOI supplied potential bidders 500 megawatts of capability with an equal greenshoe choice. PTC India is looking for tasks with a capability to produce renewable energy around the clock. Developers can have 18-24 months to fee tasks. PTC India will signal 25-year energy buy agreements with profitable bidders. The tasks could also be arrange within the states of Rajasthan, Gujarat, Madhya Pradesh, and Karnataka. The EOI additionally permits PTC to promote energy via market-linked devices, a novel function seemingly by no means included in tenders in India. Some main mission builders that expressed curiosity in bidding embrace ReNew Power, Tata Power, Torrent Power, Engie, and Enel Green.

Enfinity Adds 205 Megawatts To Solar Portfolio In India

US-based renewable vitality mission developer Enfinity Global has added 205 megawatts of solar power capacity to its India portfolio. The firm commissioned ten tasks with whole capability of 135 megawatts. These tasks are positioned within the western state of Maharashtra. Enfinity has signed 25-year energy buy agreements with Maharashtra State Power Generation Company. It additionally acquired three operational tasks positioned within the southern states of Karnataka and Telangana.

SECI Launches 1.2 Gigawatt Solar-Wind Hybrid Tender

The Solar Energy Corporation of India has launched a contemporary tender looking for bids for solar-wind hybrid tasks. Developers can be required to signal a 25-year energy buy settlement with SECI. Rated capability of photo voltaic and wind energy tasks ought to be at the very least 33% of the whole contracted capability.

India Offers Incentives Worth $2.4 Billion For Solar Module Manufacturing

In an try to spice up home photo voltaic cell and module manufacturing capabilities, the Indian authorities has introduced section II of its incentive program with a budgetary assist of $2.4 billion. The program permits corporations to arrange manufacturing models throughout completely different integration ranges — polysilion to modules, ingot-wafers to modules, and cells to modules.

Originally revealed on Future Trends.

Complete our 2022 CleanTechnica reader survey for an opportunity to win an electric bike.

Appreciate CleanTechnica’s originality and cleantech information protection? Consider changing into a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don’t wish to miss a cleantech story? Sign up for daily news updates from CleanTechnica on electronic mail. Or follow us on Google News!

Have a tip for CleanTechnica, wish to promote, or wish to counsel a visitor for our CleanTech Talk podcast? Contact us here.