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.
Cleantech Investments
First Solar Plans $684 Million Module Fab In India
US-based thin-film module manufacturer First Solar has announced plans to set up a facility in India. The company plans to invest $684 million to set up a production capacity in the state of Tamil Nadu with an annual production capacity of 3 gigawatts. The facility is likely to be operational by mid-2023 and will increase First Solar’s global production capacity to 16 gigawatts. First Solar hopes to take advantage of a recently announced incentive scheme for cell and module manufacturers by the Indian government.
IndiGrid Acquires 100 Megawatts Solar Projects From Fotowatio
Infrastructure Investment Trust IndiGrid acquired two solar power projects from Fotowatio Renewable Ventures. The projects have a total capacity of 100 megawatts and are located in a solar power park in Andhra Pradesh. This is the first solar power acquisition by IndiGrid, which holds the power transmission projects of Sterlite Transmission.
Rayzon Solar Plans To Expand Module Production Capacity To 1.2 Gigawatts
Indian solar module manufacturer Rayzon Solar has announced plans to expand its production capacity from 300 megawatts to 1,500 megawatts per year. The company will expand its Gujarat-based manufacturing unit and has placed orders with Chinese companies for the supply of manufacturing equipment.
Reliance Industries May Acquire REC Group
One of India’s leading industrial conglomerates, Reliance Industries, is reportedly looking to acquire Norwegian solar module manufacturer REC Group. The reports come weeks after Reliance Industries announced plans to set up solar cell and module manufacturing units in the state of Gujarat.
Enel Green Secures $50 Million Debt For 300 Megawatt Solar Project
Enel Green Power India has secured debt funding worth $50 million for its 300 megawatt solar power project in the state of Rajasthan. The funding has been provided by the Asian Infrastructure Investment Bank. The project was awarded to Enel as part of a 2 gigawatt solar power auction conducted by the Solar Energy Corporation of India.
Azure Power Lands $163 Million Debt Funding From Japanese Group
Nasdaq-listed Azure Power has secured debt funding worth $163 million from multiple lenders led by Japan’s Mitsubishi UFJ Financial Group. Five-year debt will be used for the construction of a 300-megawatt solar power project located in the state of Rajasthan.
Thailand’s PTT Group Acquires Stake In Avaada Energy
Global Power Synergy, a subsidiary of Thailand’s PTT Group, has acquired a 41.16% stake in solar IPP Avaada Energy for $453 million. Avaada Energy has a portfolio of 3.7 gigawatts, including 2.3 gigawatts of capacity under construction. PTT currently has a renewable energy portfolio of 2.1 gigawatts and plans to increase it to 8 gigawatts by 2030.
KKR-based Renewable Energy Infrastructure Investment Trust Files For IPO
Virescent Infrastructure is looking to raise Rs 4.25 billion through an infrastructure investment trust IPO. The company owns 394 megawatts of renewable energy assets spread across Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, and Tamil Nadu. The company is owned by KKR and Co.
Acme Raises $344 Million Through Green Bonds
One of India’s leading solar power generation companies, Acme Solar Holdings, has successfully raised $344 million through a green bonds issue. The bonds have a tenure of five years and were priced at 4.7%. Proceeds from this green bond issue will be used by the company to complete 12 under-construction projects. The company has 2.2 gigawatts of operational assets and 2.4 gigawatts of capacity under construction.
Senvion’s India Business Sold To Alfanar
The Saudi Arabia-based manufacturer of power equipment Alfanar has completed the acquisition of Senvion’s India business. Alfanar completed the transaction through Global Renewable Energy Development Holding Company Limited, which acquired Senvion India in December 2020. Senvion Group was acquired by Suzlon Energy, once India’s largest wind energy solutions provider, in 2007. The group was known as REpower Systems at that time. Suzlon was forced to sell Senvion in 2016 to a private equity investor after the former entered a financial tailspin.
Electric Mobility
Ola Electric Receives 100,000+ Bookings In A Day For Upcoming Electric Scooter
Ola Electric, a subsidiary of cab-hailing service Ola, has received a tremendous response for its soon-to-be-launched electric scooter. Ola Electric reported that more than 100,000 potential buyers registered to buy the scooter. The company set a booking price of just Rs 500 ($6.70) for anyone looking to reserve a scooter. The company will manufacture the scooter at its Futurefactory. According to the company, the facility will be the largest electric scooter manufacturing facility in the world with 10 production lines spread across 2 square kilometers.
Renewable Energy & Batteries
NTPC Wins Approval For 4.7 Gigawatt Solar Park, India’s Largest
India’s largest power generation company, NTPC Limited, was given a go-ahead by the Ministry of New and Renewable Energy to set up the country’s largest solar power park. The park, first announced by the company in 2019, will have 4.7 gigawatts of solar power projects and will be located in the western state of Gujarat. NTPC currently has a generation fleet of 66 gigawatts, 92% of it based on thermal power technology. It plans to increase the share of renewable power in its fleet to 28.5% by 2032.
NTPC & ONGC Plan To Partner For Offshore Wind Energy Projects
Power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The latest announcement of partnership between the two public sector companies is unlikely to bear any fruit in terms of actual project development, at least in the near future. Offshore wind projects, while much more efficient compared to onshore projects, are very expensive. At present, the subsidized offshore projects will not be able to compete with record-low solar power tariffs.
Tata Power To Focus On Renewable Energy, Add 15 Gigawatts Of Capacity
The Chairman of Tata Power has announced that his company will add 15 gigawatts of renewable energy capacity over the next few years. The company currently has 1.8 gigawatts of solar and wind energy capacity operational and another 373 megawatts under development. Its subsidiaries offer EPC services and manufacture solar cells and modules. Currently, 69% of Tata Power’s generation capacity is based on coal. The company has announced plans to increase the share of clean and renewable energy technology to 80% by 2030. The company also plans to achieve carbon neutrality by 2050.
Siemens Gamesa Bags 322 Megawatt Order From ReNew Power
One of India’s leading renewable energy generators, ReNew Power, has placed an order for 322 megawatts of wind turbines with Siemens Gamesa. The turbines will be installed in the state of Karnataka. This latest order follows another similar order where ReNew ordered turbines worth 301 megawatts.
450 Megawatt Solar Projects Auctioned At ¢3.1/kWh
NTPC and Solar Arise were awarded rights to develop 325 megawatts and 125 megawatts of solar power projects. The projects will be developed in the state of Madhya Pradesh. Part of the power generated from these projects will be procured by Indian Railways.
Advertisement
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Lucid is teasing what it calls a “bold new concept of electric exploration” ahead of its debut on Thursday. What exactly does that mean?
What bold new EV is Lucid revealing?
After launching the Gravity in late 2024, Lucid now offers two of the most efficient and luxurious electric vehicles on the market.
The Lucid Air was the best-selling electric luxury sedan in the US in the first half of the year. After overcoming a few hiccups, production is expected to “significantly increase” in the second half of the year.
Meanwhile, Lucid is hinting at another new EV model after teasing what it calls “a bold new concept of electric exploration” on social media.
Advertisement – scroll for more content
Although the details are still pretty slim, you can see a few interesting features in the teaser. One of the biggest giveaways is what appears to be a roof-mounted light. As an exploration EV, this will likely be one of the few added upgrades. It will also feature rugged, blacked-out wheels and other off-road elements.
Given what we know so far, all signs point to an off-road Gravity variant. Lucid could be preparing its version of the souped-up Rivian “California Dune Edition” trims for the R1S and R1T.
Update 08/12/26: Lucid confirmed the new EV is, in fact, a new Gravity concept model. The new model will be shown for the first time on the Concept Lawn at Monterey Car Week.
Lucid Gravity (Source: Lucid)
You can visit Lucid’s booth to check out the Gravity for yourself. Lucid will be offering Air and Gravity test drives from 10 am to 6 pm on Thursday, and 9 am to 6 pm on Friday and Saturday. You can pre-register at lucidmotors.com/experiences to schedule one in advance.
The special edition Dune models feature Rivian’s Tri-Motor powertrain and added off-road upgrades like a unique sand-color paint, 20″ All-Terrain wheels, and reinforced underbody shields. The R1T electric pickup also gets an added powered tonneau cover.
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)
The only other Lucid Gravity model due out is the lower-priced Touring. It’s set to arrive later this year, starting at $79,900. However, with the upgrades, it’s unlikely to be the new EV concept Lucid will unveil later this week.
For now, the Lucid Gravity Grand Touring is available starting at $94,900 with an impressive range of up to 450 miles. Lucid also sells a limited number of Dream Edition models, boasting over 1,000 horsepower.
Could it be the midsize EV that’s scheduled to launch in the second half of 2026? Again, it won’t be that. We will have to wait until Thursday to learn more about the new Gravity EV concept when Lucid reveals it at Monterey Car Week on August 14. Check back later this week for the unveiling.
What other features and design elements do you think the new Gravity will include? Drop us a comment below and let us know your thoughts.
FTC: We use income earning auto affiliate links.More.
JackRabbit, the San Diego-based micromobility company that made its name on tiny, featherweight, pedal-free “micro e-bikes”, is taking a big swing with something entirely new. Today the company announced is new line of “Micro Hauler” rides. Think of it as a portable, modular, utility-focused small EV that can haul people, gear, and a surprising amount of ambition without the bulk of a full-size e-bike or the limitations of a scooter.
We saw this coming from a fairly revealing teaser last week, and it looks like JackRabbit delivered on the promise of a small-format two-seater. But in a surprise reveal, today’s launch actually features two different models that are built on JackRabbit’s new MG platform. In addition to the two-seater, known as the MG Doble, there’s also a cargo and off-road focused single-seater known as the MG Renegade.
The MG Doble and the MG Renegade are each aimed at riders who want small but mighty electric machines that can go places bigger e-bikes can’t, and can actually fit in the back of a hatchback, RV, or even a boat locker.
JackRabbit CEO Jason Kenagy says the Micro Hauler idea came from a desire to build something more versatile than a bike but still light enough to lift with one hand.
Advertisement – scroll for more content
“People don’t need or want just another clunky bike,” Kenagy explained. “They need a smarter way to get around. Something powerful and modular yet lightweight, low maintenance and easy to ride.”
The models follow a similar ethos to JackRabbit’s famous little self-styled “micro e-bikes”, even if they’re technically more of a scooter format due to the lack of pedals.
But with most major components borrowed from the bicycle world, including the wheels, handlebars, and saddles, JackRabbits have always snuck their way into the bike end of the micromobility spectrum.
Meet the MG Doble and MG Renegade
The MG Doble is JackRabbit’s two-up version, built for carrying a passenger without feeling like you’re piloting a heavy motorcycle. It packs a cargo-tuned 749W motor into a 52 lb (23.5 kg) package, folds flat for storage, and has “over 10 accessory attachment points” for racks, bags, or whatever mission you’ve got planned.
While 52 pounds might not sound lightweight, especially compared to the smallest JackRabbit’s 25 lb weight, consider that most moped-style e-bikes, which commonly feature bench seats and passenger foot pegs for two-up riding, typically weigh closer to 100 pounds.
The MG Renegade is the more rugged, solo-focused sibling. It offers a bigger-frame, off-road-ready tires, and still weighs in at a relatively light 44 lb (20 kg). Designed for “big dudes everywhere,” as JackRabbit puts it, it’s built to handle heavy payloads, climb steep hills, and bounce down trails without feeling like a workout just to load it in your car. If you’re looking for real numbers, the weight capacity includes big dudes up to 325 lb (147 kg)… or smaller dudes and dudettes plus enough cargo to hit that limit.
Both models share a mullet-style wheel setup – larger 24×2.8″ tire up front for rolling over bumps, smaller 20×2.8″ tire in the back for easy mounting – along with hydraulic brakes, a bright color display, a top speed of 20 mph or 24 mph in Off-Road Mode (32 or 38 km/h), and up to 48 miles (77 km) of real-world range. Like all JackRabbits, they skip the pedals and chain entirely, going for a clean, modular frame that’s compatible with dozens of accessories built just for the JackRabbits (and plenty that fit other bikes, too).
What is a “Micro Hauler”?
JackRabbit admits that these aren’t e-bikes in the traditional sense, and also says that they’re definitely not scooters. According to the company, they’d rather think of them as small electric utility vehicles – light enough to toss in a trunk, capable enough to replace a car for short trips, and adaptable enough to haul groceries, camping gear, or even tow a trailer. Considering I towed a fully loaded kayak with a smaller JackRabbit KG Pro, I believe it.
It seems like whether you’re commuting, campus-hopping, or just grabbing tacos with a friend, the idea is to make the trip more fun and less of a hassle. And that definitely fits with the original goal of JackRabbit, which started as an alternative type of vehicle for college students to better navigate campuses and urban areas, while still being small enough to stash in an apartment or under a dorm bed.
Both the MG Doble and MG Renegade are available starting today for $2,499.99 in a never before seen silver colorway (though more colors apparently coming soon) through JackRabbit’s website and select retailers.
Electrek’s Take
JackRabbit has always had a knack for making tiny EVs that punch way above their weight class, and the MG Platform looks like a natural evolution. By going after utility without abandoning portability, they’re targeting a gap in the market that most brands ignore – somewhere between a heavy cargo e-bike and a scooter that can’t carry your stuff. In this case, you get the power and the cargo/passenger capability, but in a portable package.
If the MG Doble can really carry two people comfortably while still folding flat, and the Renegade can back up its “big dude” claim without losing its lightweight edge, JackRabbit might have just carved itself a whole new micromobility niche.
Of course, the downside is the price, since you can of course find cheaper two-seaters or cargo e-bikes than $2,500 bucks. But then you’re back to big, heavy e-bikes that can’t fit easily in the back of a car or behind a couch. You pay a premium for JackRabbit, but you get something unique that no other company has. And I for one definitely respect their innovation and uniqueness, especially now more than ever, as we continue to see cookie-cutter OEM e-bikes roll out with a different sticker on them each week.
FTC: We use income earning auto affiliate links.More.
Yesterday I made the trip to Ford’s Louisville Assembly Plant for its Universal EV Platform event. This plant, which opened in 1955, is currently configured to produce the Ford Escape and its cousin, the Lincoln Corsair. According to Ford, it’s scheduled to undergo dramatic changes in the near future.
The event had a distinctly blue-collar feel to it, with Ford executives making the announcement on a stage constructed in the middle of the plant, surrounded by hardworking hourly workers, media, local celebrities, and politicians. Ford President and CEO, Jim Farley – along with everyone else in attendance – braved the exceedingly warm conditions on the plant floor. There, he announced a radical new Universal EV Platform that would pave the way for electric vehicles that are estimated to start around $30,000.
“In our careers as automobile people, we’re lucky if we get to work on one, maybe two projects to really change the face of our industry, and I believe today is going to light the match as one of those projects for all of us here.”
Ford President and CEO JIM FARLEY
While it may have publicly marked the beginning of Ford’s so-called “Model T moment,” we learned that the program began several years earlier at an undisclosed location three time zones away. Ford’s California-based skunkworks team was tasked with the lofty goal of genuinely moving the company beyond its internal combustion roots, and was given the liberty and resources to do so uninhibited. Granted, Ford already produces EVs – the F-150 Lighting and the Mustang Mach-E to name two, but its new platform benefits from a conspicuous lack of corporate red tape, legacy weight, old-world thinking, and protectionism.
As far as an actual vehicle goes, those results are still to be determined. We didn’t get to see any new vehicle, although Ford did tease us with on-camera reactions from a handful of employees who got a brief in-person glimpse of its upcoming new truck.
Advertisement – scroll for more content
We also did not learn about crucial elements like range, battery size, efficiency, or charging speed. Those who were banking on learning those details may have come away disappointed, but that’s not how I felt when the event was over given the atmosphere. There was a palpable buzz in the air once the event concluded, with media bum-rushing Ford CEO Jim Farley, who had nary the chance to wipe the sweat from his brow before being peppered with questions.
Ford CEO Jim Farley after the event
In the meantime, Ford used yesterday’s event to lay down the foundation of what’s to come. It came across as confident, but self-aware, acknowledging the high stakes involved.
Regardless of whether its bets pay off, I think we’ll look back at this event as a pivotal moment for the Detroit giant. The outcome will largely depend on how well leadership guides the company. It’s one thing to be nimble when you’re an actual startup, but it’s a whole other thing to adopt the mindset of a nimble startup when you’re a behemoth with a litany of moving parts and partners.
One thing is for certain – and it’s clear that Ford realizes this – its entire workforce needs to be fully on board for such a massive transition. This initiative isn’t a mere retooling of a plant to introduce a slightly redesigned version of a vehicle it already makes. This is a mountain-moving top-to-bottom redesign, not only for the final product, but for the way that final product is made.
“The automotive industry in America is at a cross roads … We saw this coming for years, we knew that the Chinese would be the major player for us globally, companies like BYD … they’re all coming for us legacy automotive companies.
Ford President and CEO JIM FARLEY
Ford executives were keen on acknowledging its workforce and how crucial they are to its success. The event, although big for the company as a whole, had a decidedly local feel. In Kentucky, basketball is king, so who else better to help usher in a new era than the athletic directors for the two biggest universities in the state, the Josh Heird for the University of Louisville, and the Mitch Barnhart for the University of Kentucky?
Louisville’s men’s basketball coach, Pat Kelsey, known for his energy, played hype man. Referring to Henry Ford’s famous “Any color the customer wants, as long as it’s black,” he even got in a dig about the UK-blue-painted Model T parked over his right shoulder.
Kentucky Governor Andy Beshear and First Lady Britainy Beshear were also in attendance, with the 63rd governor of the Bluegrass State taking the stage to tout how many billions of dollars that Ford has invested in the area.
Kentucky Governor Andy Beshear
Ford Universal Electric Platform
“We’ve been waiting three years for this moment,” noted Farley, straining to contain his excitement, while invoking his best Steve Jobs impression. “In our careers as automobile people, we’re lucky if we get to work on one, maybe two projects to really change the face of our industry, and I believe today is going to light the match as one of those projects for all of us here.”
The first vehicle underpinned by the new platform will be a mid-sized truck built at the same, albeit highly transformed, and 52,000 square feet larger, Louisville Assembly Plant. Ford plans to roll the first models of the yet-to-be-named mid-sized pickup off the redesigned assembly line in 2027.
“We finally get to tell what we’ve been working on for three years behind closed doors. We call this the Ford Universal Electric Vehicle Platform. It represents the most radical change on how we design and how we build vehicles at Ford since the Model T.”
Ford CEO Jim FarleyFord CEO Jim Farley
Noted Farley, “The automotive industry in America is at a crossroads… We saw this coming for years, we knew that the Chinese would be the major player for us globally, companies like BYD … they’re all coming for us legacy automotive companies. We needed a radical approach … to create an affordable vehicle that delights customers in every way that matters.”
Ford notes that the platform is founded on relentless efficiency, radical simplification, and flexibility. A vehicle assembled in a reimagined factory with bold design, more space, endless configurability, and an entirely new digital experience.
The Ford Universal EV Production System
Although Ford didn’t come up with the idea of the movable assembly line, the company is credited with improving and innovating the techniques over 100 years ago at its Highland Park, MI plant. Much of the same principals are still in use today. This production staple, too, will be completely transformed thanks to a new Universal EV Production System.
Instead of a singular movable line, the skunkworks team designed a new “assembly tree” featuring three sub-assemblies that run concurrently, and are thereafter joined together at the end. And in Tesla-like fashion, large single-piece castings will replace numerous smaller parts, enabling each end of the vehicle to be assembled separately. The result is a truck that can be assembled up to 40% faster than today’s Ford Escape.
Ford is also implementing a structural battery design, with a skateboard-esque battery platform with a low center of gravity. Prismatic LiFePO4 batteries will be sourced from within the United States, an industry first, thanks to the BlueOval Battery Park in Michigan.
Ford notes that the new mid-sized truck will feature more interior space than the Toyota RAV4, currently the best-selling vehicle in the United States. “But it will have a frunk,” quipped Farley. “And it will have a whole pickup truck bed behind it. No one has seen this kind of flexibility.”
The most interesting part of the presentation came from Chief EV Digital and Design Officer, Doug Field, who discussed some of the initiative’s high-level technical details.
Chief EV Digital and Design Officer, Doug Field
One of the benefits that was drilled home several times during the presentation was a significant improvement to ergonomics during the assembly process. For an audience consisting of many factory workers, this was met with applause.
Alongside dramatically reducing the amount of parts, electrical wiring, and hoses, the updated production system will reduce the need for workers to twist, bend, and reach, increasing ergonomics, and reducing potential injury and soreness after a day’s work. Say what you will, but Ford knew their audience, and catered well to it.
Electrek’s Take
If it had gone into its electric vehicle production with this plan back in 2019, when the Mach-E was announced, Ford would probably be in a better position today to compete globally. It’s been working on these new initiatives for the past three years, so that means there was roughly a three-year delta between the Mach-E’s announcement and the realization that it needed a dramatically new approach. Will the time lost come back to bite them? Time will tell, but I’m cautiously optimistic.
Sandy Munro with yours truly
As someone born and raised in Louisville, it gives me a unique perspective on the gravity of this announcement. The Louisville Assembly Plant, alongside the Kentucky Truck Plant, roughly a 30-minute drive to the northeast, are both community linchpins. A number of friends of mine who work at the plant have expressed genuine excitement and optimism over the announcements.
Skeptics may lament the fact that key details about the programs remain unanswered, namely key areas like range, charging speed, and efficiency, and that’s a fair critique. But given the dramatic changes set to take place at the Louisville Assembly Plant, it was necessary for Ford to outline these key details beforehand.
The bigger question is whether or not Ford will be able to meet the $30,000 price point given the various economic uncertainties prevalent today. Another key area that younger companies like Tesla and Rivian have going for them is the direct-to-customer model. Will Ford look for ways to innovate in that space as well?
What are your thoughts about yesterday’s announcements? Sound off down below in the comments with your thoughts.
FTC: We use income earning auto affiliate links.More.