Radiance aims to secure $150 million for a 2 GW expansion project
POWER & RENEWABLE ENERGY

Radiance aims to secure $150 million for a 2 GW expansion project

Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company is planning to raise $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions.

In addition to the expansion, Radiance is introducing cutting-edge robotic solar cleaning technology. This innovation aims to optimise the efficiency and maintenance of solar panels. Robotic cleaning systems offer a significant advantage over traditional manual cleaning methods, reducing water usage and maintenance costs. By leveraging these automated systems, Radiance aims to maintain high operational efficiency and ensure maximum energy output from its solar installations.

The funding will support the development of new solar projects, increasing the company's total capacity and contributing to India's renewable energy targets. Radiance's commitment to innovation and sustainability reflects the broader industry trend towards integrating advanced technologies to enhance the performance and reliability of renewable energy infrastructure.

This strategic investment and technological advancement not only underscore Radiance's growth ambitions but also highlight the increasing role of automation in renewable energy. With these developments, Radiance is well-positioned to lead the way in efficient and sustainable solar energy production in India .

Radiance Renewables is set to enhance its renewable energy portfolio significantly. The company is planning to raise $150 million in funding to support a 2GW expansion of its solar power capacity. This ambitious project aims to bolster Radiance's position in the renewable energy sector and contribute to India's growing demand for sustainable energy solutions. In addition to the expansion, Radiance is introducing cutting-edge robotic solar cleaning technology. This innovation aims to optimise the efficiency and maintenance of solar panels. Robotic cleaning systems offer a significant advantage over traditional manual cleaning methods, reducing water usage and maintenance costs. By leveraging these automated systems, Radiance aims to maintain high operational efficiency and ensure maximum energy output from its solar installations. The funding will support the development of new solar projects, increasing the company's total capacity and contributing to India's renewable energy targets. Radiance's commitment to innovation and sustainability reflects the broader industry trend towards integrating advanced technologies to enhance the performance and reliability of renewable energy infrastructure. This strategic investment and technological advancement not only underscore Radiance's growth ambitions but also highlight the increasing role of automation in renewable energy. With these developments, Radiance is well-positioned to lead the way in efficient and sustainable solar energy production in India .

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?