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

17 May 2024 CW Team

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 .

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