Joint Venture

NHPTL Signs JV Agreement To Infuse Funds To Six Parties

A recent joint venture (JV) agreement was signed between National High Power Test Laboratory Pvt. Ltd., (NHPTL) viz. National Thermal Power Corporation (NTPC), National Hydroelectric Power Corporation (NHPC), POWERGRID, Damodar Valley Corporation (DVC) and Central Power Research Institute (CPRI) as a revival plan which comprised of equity transactions between shareholders. This agreement was based on […]

Read more

CleanMax, Apple Partner To Accelerate Renewable Adoption In India

Renewable energy company–CleanMax (Clean Max Enviro Energy Solutions) today announced a joint venture with Apple. As part of the partnership, Clean Max has successfully installed 14.4 MW of rooftop solar installations across six industrial sites in India. These installations are expected to mitigate around 207,000 tons of carbon dioxide (CO2) emissions throughout their operational life. By […]

Read more

Sterlite, GIC Enter JV To Create Power Transmission Platform In India

Sterlite Power and Singapore based GIC announced a joint venture to create a power transmission platform in India. Sterlite Power, a private power transmission developer, and an affiliate of GIC entered into a definitive agreement signing. Their agreement was undertaken to set up a new platform to develop and operate power transmission projects in India. […]

Read more

Jakson Green Enters Into Joint Venture With RVNL in Solar Sector

Jakson Green Private Limited (JGPL) and Rail Vikas Nigam Limited (RVNL) announced the formation of a Joint Venture that will explore opportunities in solar power projects in India and abroad. Under the joint venture, RVNL will hold a 49% stake of the green clean energy project, while a majority stake of 51% will be held […]

Read more

LGES, Hyundai Motor Form JV for $4.3 Bn Battery Manufacturing

Global EV conglomerates LG Energy Solution (LGES) and Hyundai Motor Group have announced an EV battery cell manufacturing joint venture in the USA by signing an MoU. Under the agreement, LGES and Hyundai Motor will produce EV batteries in the USA and further accelerate the electrification efforts of Hyundai Motor in North America. The signing […]

Read more

JV Between EDF Renwables, Jan De Nul & Luminus to Deliver Bid on Offshore Wind Energy

EDF Renewables, a wholly-owned subsidiary of French utility EDF Group, Jan De Nul and Luminus have joined hands towards the bidding for an offshore wind tender. It will be for the first phase of the Princess Elisabeth Zone in Belgium. The area has been identified by the government to augment Belgium’s local renewable electricity generation […]

Read more

FTC Solar & Taihua New Energy Form JV to Produce Steel Components for Solar Projects

FTC Solar, a US-based solar tracker manufacturer, has formed a domestic joint venture with Thailand-headquartered steel fabricator Taihua New Energy to produce steel components for solar projects. The joint venture named Alpha Steel,  will focus on manufacturing steel components, including torque tubes, for utility-scale solar projects in Sealy, Texas. Alpha Steel is expected to begin […]

Read more

India’s Steel Strip Wheels & Israel’s Redler Technologies Launch EV Joint Venture

Chandigarh’s automotive components manufacturer, Steel Strip Wheels Ltd announced a joint venture with Redler Technologies of Israel for the research, production, and Indian market sales of motion controllers for electric vehicles. These two enterprises have collaborated on EV controllers for two-, three-, and four-wheelers and have signed a memorandum of understanding to that effect, according […]

Read more