The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.

A financial advisor has been appointed to manage US energy storage system integrator Powin, with the company “navigating a period of significant financial challenge”.

Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.

India Grid Trust (IndiGrid) and development finance institutions from Great Britain and Norway have launched a transmission and battery storage development platform.

KKR has closed debt financing transactions with battery storage system integrator Powin and developer Peregrine Energy Solutions.