Daily News Wrap-Up: IndusInd Bank Unveils Green Fixed Deposits to Finance SDGs

KPI Global bags 10 MWdc solar power projects from Colourtex Industries

December 31, 2022


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

IndusInd Bank has launched ‘Green Fixed Deposits’ whose proceeds will be used to finance projects and firms supporting energy efficiency, renewable energy, and other United Nations Sustainable Development Goals (SDGs). IndusInd Bank is integrating SDG into a regular fixed deposit product. These deposits will be offered to both retail and corporate customers. The bank will use the proceeds from these deposits to finance a wide array of sectors falling under the SDG category, including energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction.

KPI Global Infrastructure has bagged an order from Colourtex Industries for executing solar power projects of 10 MWdc capacity under the captive power producer segment in Surat, Gujarat. Earlier, the company had bagged orders from Gandhar Food Products, N. J. Texturizers, Sai Laxmi Tex, Shabnam Petrofils, and Vihita Chem to install solar plants of 5.084 MWdc capacity under the captive power producer segment.

Lambodhara Textiles Limited will install a 2.4 MWac ground-mounted grid-connected solar power plant at Manaparai, Trichy. The project will be set up at an estimated cost of ₹149 million (~$2 million) for captive consumption. The project will help the company reduce its dependence on non-renewable sources. As a result, 90% of the company’s energy consumption will be green power.

Gensol has received purchase orders to develop 10.7 MW solar power projects in Gujarat, Karnataka, and Madhya Pradesh. The cumulative order value of these projects is ₹225 million(~$3.02 million). Out of the total ordered capacity, rooftop projects of around 6.3 MW are turnkey EPC contracts. The 4.4 MW ground-mount project is for the balance of systems without modules and inverters.

Visaka Industries has been granted a patent for its ATUM solar roof by the United States of America Patent Office. The patent is valid for 20 years. The patent has been granted for eco-friendly energy-generating roofs. ATUM is a solar roofing system that acts like traditional roofing while generating electricity from the panels. Since its launch in 2018, ATUM solar roof has received patents from India (2020) and South Africa (2021). ATUM is installed across cities in India (Tamil Nadu, Maharashtra, Goa, Telangana), Africa, and the Middle East.