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VFlowTech raises $20.5 million to expand battery storage in India
Singapore-based VFlowTech has secured $20.5 million to scale its long-duration energy storage business in India. The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and several existing investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The company plans to…
Aroma Solar starts 1.2 GW TOPCon module plant in Haryana
Aroma Solar Energy, the renewable energy arm of Aroma Agrotech Private Limited, has commenced production at its solar module manufacturing facility in Karnal, Haryana, with an installed capacity of 1.2 GW. The plant is described as North India’s first fully automated, artificial intelligence (AI)-driven Tunnel Oxide Passivated Contact (TOPCon) module facility. The Karnal facility produces…
ADB and GCF launch India Green Finance Facility
The Asian Development Bank (ADB), in partnership with the Green Climate Fund (GCF), has launched the India Green Finance Facility (IGFF) with $200 million in concessional funding approved by GCF. This is ADB’s first GCF-backed programme in India. The IGFF aims to mobilise large-scale public and private investments in emerging clean energy technologies, including round-the-clock…
Pace Digitek wins 250 MW BESS project from DVC in Jharkhand
Pace Digitek Limited has received a Letter of Award from Damodar Valley Corporation (DVC) for a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon in Jharkhand. The total contract value is Rs 7,019.54 million, including Goods and Services Tax (GST). The award includes three separate contracts. The supply contract, valued…
Avista to acquire 10% stake in 3 GW North Plains Connector transmission project
Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary. This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various…
RECPDCL, BSPTCL sign MoU for Bihar intrastate transmission projects
REC Power Development & Consultancy Ltd (RECPDCL) and Bihar State Power Transmission Company Ltd (BSPTCL) have signed a memorandum of understanding (MoU) to develop intrastate transmission projects in Bihar through the tariff-based competitive bidding (TBCB) route. In a release, RECPDCL said the partnership aims to build a modern and reliable transmission network to support Bihar’s…
