Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power
From: Mercom Capital Group Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, ...
Daily News Wrap-Up: Sify’s Data Centers in Mumbai to be Powered With Green Energy
Here are some noteworthy cleantech announcements of the day from around the world: Digital information and communications technology solutions provider Sify Technologies announced a major commitment to renewable energy for ...
Daily News Wrap-Up: REC Silicon to Resume Solar Wafer Production for Violet Power
Here are some noteworthy cleantech announcement of the day from around the world: REC Silicon ASA, a U.S.-based advanced silicon material producer, and Violet Energy Corporation have joined hands to ...
ABB to Build a Manufacturing Facility in Italy to Meet Global Demand for EV Chargers
Switzerland-based ABB announced that it had invested $30 million (~₹2.25 billion) to construct its new manufacturing facility in San Giovanni Valdarno, Italy. In its press statement, ABB said that the ...
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways
Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government's goal of 100% railway electrification and to reduce its carbon ...
ABB Acquires Majority Stake in Chinese E-Mobility Company Chargedot
Switzerland-based ABB has completed the acquisition of a majority stake in the Chargedot Shanghai New Energy Technology Company Limited. The news was made public by the company in a press ...
NTPC Invites Bids for Solar Inverter Package for a 23 MW Solar Project in Maharashtra
The National Thermal Power Corporation (NTPC) has invited bids for a solar inverter package of 23 MW for a solar power project at Solapur in Maharashtra. The scope of work ...
TMEIC and Sungrow Led the Solar Inverter Supplier Leaderboard in 1H 2019
In the first half of 2019 (1H 2019), TMEIC emerged as the top supplier of solar inverters to the Indian market with a market share of approximately 20% while Sungrow ...
ABB Set to Acquire Majority Stake in Chinese E-Mobility Company
Switzerland-headquartered ABB is set to acquire a 67% share stake in Shanghai Chargedot New Energy Technology Co., Ltd., a leading Chinese e-mobility solution provider. According to the company statement, the ...
ABB to Quit Solar Inverter Business, FIMER to Take Over
Switzerland-headquartered ABB and Italian company FIMER have signed an agreement under which FIMER will acquire ABB’s solar inverter business. The transaction is expected to enhance the prospects of the solar ...
ABB, Sungrow, and Huawei Were Top Solar Inverter Suppliers in 2018
ABB was the top supplier of solar inverters to the Indian market for calendar year (CY) 2018 as well as cumulatively, according to Mercom’s India 2019 Solar Market Leaderboard. The ...
IIT Roorkee and ABB Collaborate for Smart Campus Development
The Indian Institute of Technology, Roorkee (IITR) is set to become a smart campus after the deployment of ABB microgrid with battery energy storage gets completed in 2022. Currently, solar ...
Micro and Mini Grids Could be the Answer to Grid Stability and Reliable Power in India
The demand for electricity in India is expected to continue its rise along with economic growth. Government-run electrification programs like the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) to ...
Interview: A Cheaper Inverter is Not Always a Better Option for Solar Projects
For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the segment, and numerous entrants ...
ABB, Sungrow and Huawei Named Top Inverter Suppliers for the Indian Solar Market in 2017
In India, there are over 30 inverter suppliers meeting the demands of the rapidly-growing solar market. In 2017, the top ten solar inverter suppliers accounted for over 85 percent of ...
String Inverters Making Inroads into the Indian Solar Market
Choosing an inverter for a large-scale solar project in India has historically been an easy one. However, with the entrance of string inverters, the decision for EPC players and developers ...
ABB Commissions India’s First Industrial Solar Microgrid in Vadodara
ABB, a Swedish-Swiss multinational corporation, has announced the successful commissioning of the country’s first industrial solar microgrid at its Vadodara manufacturing facility, located in the western state of Gujarat. Microgrids ...
Tata Power Sets Up Additional EV Charging Stations in Mumbai
Tata Power has announced new additions to its strategic network of electric vehicle (EV) charging stations in India’s financial capital of Mumbai. The domestic integrated power company is developing two ...
ABB India Sees After-Tax Profits Rise by 18% in Q3 2017
Consistent cost structure improvements helped ABB India boost its after-tax profits by 18 percent year-over-year to ₹830 million (~$12.8 million) in the third quarter of 2017, despite seeing its revenue ...
Competition is Heating Up in India’s EV Sector
India’s electric vehicle (EV) sector is becoming competitive. The date for the delivery of electric cars to Energy Efficiency Services Limited (EESL) is looming close and elsewhere car companies are ...
Electric Vehicles – The Next Big Cleantech Opportunity in India
The electric vehicle (EV) market in India is slowly beginning to gain momentum after three years of relative inaction. However, India still lags far behind other nations when it comes ...
Top Five Inverter Manufacturers Accounted for Over 70 Percent of the Indian Solar Market as of Q2 2017
As of Q2 2017, the top five solar inverter manufacturers accounted for over 70 percent of India’s solar inverter market, led by ABB India with a 20 percent market share ...
First Solar to Divest Most of its Operating Solar Projects in India with Planned Sale of 190 MW
IDFC Alternatives' India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
Top Eight Inverter Manufacturers Account for 96 Percent of India’s Solar Inverter Market
The top eight inverter manufacturers account for 96 percent of solar inverter market in India, led by ABB with 22 percent, followed by SMA Solar with 18 percent. To date, ...
ABB to Construct 1,830 km Transmission Link for PGCIL
The Power Grid Corporation of India (PGCIL) has awarded a $640 million transmission project to ABB, a power and automation technology group. The project involves developing an ultra-high-voltage direct current ...
