Daily News Wrap-Up: Tata Motors to Deploy its Electric Cars in Haryana

Meyer Burger has secured €22.5 million in investments to develop a solar cell production facility in Germany


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

Tata Motors has partnered with the Haryana Renewable Agency to deploy its electric car Nexon EV in Haryana as a part of its tender with the Energy Efficiency Services Limited (EESL). In July 2020, EESL floated the tender to procure 250 electric cars. Tata Motors and Hyundai Motors won the tender to supply 150 Nexon EV and 100 Kona electric sports utility vehicles. During the inauguration ceremony of the electric vehicle charging station, EESL also signed a Memorandum of Understanding (MoU) with the Haryana government to accelerate the adoption of electric vehicles and strengthen charging infrastructure in the state.

NHPC Limited has signed a supplementary MoU with Jammu and Kashmir State Power Development Corporation (JKSPDCL) and Power Development Department. The supplementary MoU was signed to implement the 850 MW Ratle Hydroelectric Project in Jammu and Kashmir through a joint venture company.

Meyer Burger has received a €15 million (~$18.43 million) grant from the German state of Saxony-Anhalt and the Federal Republic of Germany to develop a heterojunction solar cell production facility in Thalheim. An investment grant of €7.5 million (~$9.22 million) has been provided to the company within the framework of public financial assistance for the improvement of the regional economic structure for assembling the production facility. The production of heterojunction solar cells is expected to begin in the second quarter of 2021.

Solaris, a Europe-based e-mobility provider, has completed the delivery of 90 electric buses for Berliner Verkehrsbetriebe. This was one of the biggest contracts for battery-powered buses in Europe and the largest one for the manufacturer in Germany so far. Germany’s capital Berlin currently has a total of 123 electric Solaris buses in its fleet.

The board of directors of Horisont Energi has approved an oversubscribed private placement, with Saga Pure ASA being allocated shares for the full subscription amount of 35 million Norwegian Krone (~$4.09 million), corresponding to ownership of 11.7% in the company. The payment of private placement is expected to take place on or about mid-January 2021. Saga Pure ASA will be offered to nominate one director to the Horisont Energi board. Horisont Energi will use the net proceeds from the private placement to build the organization and make preparatory work to reach a final investment decision for the first project in northern Norway.

The European Bank for Reconstruction and Development has approved a €1 million (~$1.22 million) loan for North Macedonia’s largest bank Komercijalana Banka Skopje under its green economy financing facility to support green investments in the country. The funds will be available for green investments in the country’s residential sector. This will include investments in high-performance green technology, materials, and solutions undertaken in privately owned residential dwellings or buildings.

Sungrow, an inverter solution supplier for renewables, announced that its cumulative shipments in the Americas crossed over 10 GW by the end of 2020. With a continued upward growth trajectory in markets like the United States, Brazil, Chile, Argentina, and Mexico, the company has extended partnerships with a multitude of engineering, procurement, and construction companies, distributors, and integrators.

Here is our previous daily news wrap-up.

Harsh Shukla is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.

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