Daily News Wrap-Up_ Candi Receives $3.16 Million to Scale its Solar Solutions in India

Here are some noteworthy cleantech announcements of the day from around the world:

EDFI ElectriFi has invested €2.68 million (~$ 3.16 million) junior debt in Candi, a platform that builds, operates, and finances solar solutions for small and medium enterprises in emerging markets. The new fund will help the company expand its consumer base in India. Candi aims to reach some 200 beneficiaries and save around 50,000 tons of carbon dioxide eq/year by 2022.

Foresight Group and Island Green Power have formed a joint venture to develop a pipeline of solar projects across the United Kingdom. The joint venture aims to develop five solar projects in the UK and Wales, with a total generation capacity of around 700 MW. Previously in September 2020, Foresight Group announced to develop 200 MW of solar projects in partnership with Elgin Energy across the UK.

KPI Global has signed a power purchase agreement with China Steel Corporation India Private Limited. Under the agreement, the company will provide 1.5 MW of solar power for a period of 20 years to China Steel Corporation.

Sunseap Group, a Singapore-based clean energy solution provider, said it is leading a consortium comprising Nanyang Technological University and Wärtsilä to participate in a test-bed for a utility-scale energy storage system. The test-bed is a collaboration between the Energy Market Authority and SP Group to develop and support a utility-scale battery storage system. The consortium will deploy a 2.4 MW/2.4 MWh of battery energy storage at the substation using a lithium-ion battery system designed and supplied by Wärtsilä.

Ways2H, a U.S.-based renewable hydrogen producer, has closed an investment from Pacific6 Enterprises, led by founding partner John C. Molina. The company is currently completing its two commercial waste-to-hydrogen production facilities in Japan and California. The company already planned to build its third hydrogen production facility in Pune, India. It also has plans to build out its global pipeline of facilities in Europe, Asia and the Americas.

Schneider Electric announced a technological and commercial partnership with SolarEdge Technologies Corporation. The partnership incorporates Schneider Electric’s energy distribution and automation solutions and SolarEdge’s solar, backup, and smart energy management solutions to maximize solar energy generation and consumption. Both companies seek to serve new market needs in California, United States, where solar is required on all new home construction as a part of the California Energy Commission update to Title 24 Building Energy Efficiency Standards.

X-ELIO, a global renewable energy producer, has signed a virtual power purchase agreement with Salesforce. The 10-year virtual power purchase agreement will help Salesforce achieve its objective to reach 100% renewable energy by 2022. Under the agreement, X-ELIO’s 200 MW Blue Grass solar project, located in the Western Downs region of Queensland, Australia, will supply generation certificates to meet Salesforce’s renewable energy requirement.

Landsvirkjun, the national power company of Iceland, and The Port of Rotterdam have signed a Memorandum of Understanding to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam, Netherland. According to the MoU, both parties agree to exchange knowledge, intending to explore new co-operation opportunities related to hydrogen.

Here is our previous daily news wrap-up.