Originally published on Future Trends.
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
Acme Sells Stake In 250-Megawatt Solar Power Project To Foreign Investors
Acme Cleantech has sold a 49% stake in a 250-megawatt solar power project currently under development in the state of Rajasthan. Denmark’s IFU has acquired 39% on behalf of the Danish SGD Investment Fund while the United Nations’ Sustainable Infrastructure Impact Investments (S3i) has acquired 10% stake in the project.
Scatec Solar Buys 50% Stake In Acme’s 900-megawatt Solar Project
Scatec Solar has agreed to acquire a 50% equity stake in a 900-megawatt solar power project that Acme Cleantech is developing in the state of Rajasthan. The project was awarded to Acme in a 2018 auction conducted by the Solar Energy Corporation of India (SECI). Acme had quoted a record-low bid of Rs 2.44 (¢3.29) per kilowatt-hour.
1366 Technologies To Invest $300 Million In Solar Module Production In India
US-based 1366 Technologies is looking to invest $300 million to set up a facility in India for solar wafer and cell production. The company is backed by Bill Gates’ Breakthrough Energy Ventures and has North Bridge Venture Partners and Polaris Partners as investors. The company plans to set up the production facility under the Indian government’s production-linked incentive scheme and is looking for Indian companies to partner with.
Renewable Energy & Batteries
Indian Gas Utility Plans To Bid For 400 Megawatts Of Solar Power
GAIL will bid for 400 megawatts of solar power capacity in a tender issued by the Solar Energy Corporation of India (SECI). The capacity would be spread across three projects planned to be commissioned in the state of Madhya Pradesh. GAIL owns limited renewable energy capacity, mostly in the form of rooftop solar projects and some wind energy projects. The company, however, has been aggressively looking for acquisitions and partnerships.
Tata Group Commissions India’s Largest Solar Carport
Tata Power has announced that it has commissioned a solar-powered carport in Pune, Maharashtra, India. The company claims that the 6.2-megawatt carport is the largest of its kind in the country. The project, commissioned at Tata Motors’ plant, can generate 8.6 million kilowatt-hours of electricity and offset 7,000 tonnes of carbon dioxide emissions every year. The project is spread across 30,000 square meters and will be used as covered parking for finished cars manufactured by Tata Motors.
Reliance Group Plans $10 Billion Investment in Solar, Storage, & Hydrogen
Mukesh Ambani-led industrial conglomerate Reliance Industries has announced aggressive plans to invest more than Rs 750 billion over next three years to build manufacturing facilities for solar cells, energy storage, electrolyzers and fuel cells. All manufacturing facilities would be based in western state of Gujarat.
GE Bags 148.5-Megawatt Wind Turbine Order
GE Renewable Energy has bagged an order to supply 55 units of its 2.7 MW onshore wind turbine from Continuum Wind Energy. GE would also provide long-term maintenance to the project. Continuum had secured the project through an auction conduction by the Solar Energy Corporation of India. The project would be located in Gujarat.
Solex Energy Plans Module Production Expansion
Gujarat-based Solex Energy has placed an order for 1.2 gigawatts of module production equipment. The company plans to complete 600 megawatts of module production line by October this year and add another 600 megawatt subsequently. The company also plans to set up solar cell production capacity in the future.
Indian Railways Issues Tender For 740 Megawatts Of Solar Power
Railway Energy Management Company has floated a 740-megawatt solar power tender inviting bids from developers to set up projects across eight states. The majority of the capacity would be located in Gujarat (317 megawatts) followed by Bihar (109 megawatts), Rajasthan (84 megawatts), and Madhya Pradesh. Developers would be obligated to use only Indian-made solar cells and modules for these projects.
Gujarat Signs Contract For 2.5 Gigawatts Of Solar Power
Power distribution utilities in Gujarat have signed power purchase agreements with nearly 4,000 small-scale solar power projects with a total capacity of 2.5 gigawatts. The projects would be commissioned over the next 18 months. The size of each project will rage between 0.5 and 4 megawatts.
Module Manufacturer Goldi Plans 5-Gigawatt Production Capacity
Indian module manufacturer Goldi Solar has announced plans to expand its manufacturing capacity to 2.5 gigawatts by March 2022. It currently has a production capacity of 500 megawatts. The company eventually plans to have a production capacity of 5 gigawatts.
Battery powered trailer boost range, efficiency — now for $120,000 less
The RA electric trailer from Range Energy promises to turn your diesel truck into a hybrid or extend the range of your electric semi – and now it qualifies for a $120,000 voucher in California.
California’s Clean Off-Road Equipment (CORE) Voucher Project aims to make it easier for commercial fleets to decarbonize. Last July, Range became the first trailer electrification platform to be accepted into CORE with an $80,000 rebate.
This year, Range Energy bumped its largest battery offering to 300 kWh. The state, in turn, showed its confidence in the electric trailer concept by bumping that rebate a full 50%.
“Becoming eligible for CORE proved that trailers truly matter in the transition to electric, and that CARB recognizes the meaningful impact electric-powered trailers can have on reducing the emissions of the commercial trucking sector,” said Ali Javidan, founder and CEO of Range. “Increasing our trailer platform’s incentive value by $40,000 further solidifies that position and makes Range a realistic near-term solution for fleet owners and operators.”
The company claims the Range Energy electric trailers can double a trucks’ fuel economy and slash its NOx emissions by as much as 67%. When we last covered Range, its electric trailer system had just undergone independent testing that found a 36% real-world improvement on a 25-mile urban/high loop at 60 mph top speeds with a 59,000 lb. gross vehicle weight (well below the 80,000 lb. maximum).
It’s great to see concepts like this electric trailer come into play with some government dollars behind them. If they work (and if their weight penalties don’t hurt shippers’ profit margins), they’ll make it real easy for truck fleets to dip their toes into the waters of electrification while hydrogen and batteries battle it out for ultimate supremacy.
I’m betting batteries, for what it’s worth – but Range Energy customers will be able to put their electric trailers to work behind either!
Quick Charge Podcast: February 26, 2024
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You won’t believe who bought almost $1 million worth of Tesla Roadsters
In a surprising turn of events, we now learn that billionaire Dan O’Dowd bought the 3 Tesla Roadsters that were lost in a Chinese port for over a decade.
Last year, we reported on a strange story of three brand-new Tesla Roadsters that were found inside a shipping container in China.
It appears that a Chinese company bought the Roadster back in 2011 with the hope of reverse-engineering them. However, the shipment was blocked by customs in China and the vehicles never made it to the company.
Last year, someone finally was able to get them and ship them to the US.
Tesla ever only produced just over 2,000 original Roadsters between 2008 and 2011, making them rare in the first place.
On top of the usual unit you lose to accidents and time, Roadsters had a few bad luck incidents, including losing dozens of units to two separate fires at Gruber Motors, which specializes in fixing first-generation Tesla Roadsters.
It makes the remaining ones more valuable, and ironically, Gruber was leading the auction for the lost Roadsters.
At one point, the company claimed that the three Roadsters together would go for over $1 million.
Almost a year later, we now know who bought them.
Dan of the popular YouTube channel What’s Inside got an exclusive look at the Roadsters – giving us a great look at this little piece of EV history:
Dan revealed Dan O’Dowd, the billionaire founder of Green Hills Software, is the new owner of the Roadster.
To Tesla fans, O’Dowd is better known as the guy running the Dawn Project, which is basically a campaign against Tesla’s Full Self-Driving effort.
It could be surprising, considering how consistently O’Dowd has been attacking Tesla and Elon Musk, but he is apparently a fan of Tesla vehicles other than its Autopilot and FSD Beta, which the Roadster is not equipped with anyway.
He already owns a couple of Roadsters, according to What’s Inside’s video.
Now, if you are familiar with What’s Inside, you know that they tend to cut through things to find out what’s inside them, but obviously, Dan won’t be doing that with these Roadsters. The video is still a great look at what could be some of the best-preserved Roadsters on the planet.
Also, we now learn how much O’Dowd paid for the Roadsters.
Carl Medlock of Medlock and Sons, an independent Tesla repair shop, helped O’Dowd in the purchase and confirmed that the billionaire paid $800,000 for the three Roadsters.
That’s well below the up to $2 million offers that Gruber teased. In fact, Medlock claims that the only other big serious offer was for $500,000.
Regardless, at an average of over $250,000 per Roadster, it makes them some of the most valuable Roadsters to date.
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