India will require over US$ 10 trillion to achieve net-zero by 2070
Out of this, investments totaling US$ 8.4 trillion would be needed by the power sector alone to significantly scale up generation from renewable energy and associated integration, distribution and transmission infrastructure. Another US$ 1.5 trillion would have to be invested in the industrial sector for setting up green hydrogen production capacity to advance the sector’s decarbonization. Investment needed for the mobility infrastructure would be US$ 198 billion.
Indian Oil floats global tender for green hydrogen generation units
The State-owned oil and gas major has invited bids to set up green hydrogen generation units at its Mathura and Panipat refineries with per-annum capacities of 5,000 MT and 2,000 MT, respectively. The plants are to be installed on a build-own-operate basis. Bidding is open until December 8.
Hydropower producer SJVN to form solar and storage arm
The company’s board of directors have approved the formation of a wholly-owned subsidiary for solar PV, wind and hybrid power generation (including battery energy storage systems), green hydrogen, and other renewable energy ventures.
GAIL to build 4.5 tpd green hydrogen plant
India’s largest state-owned natural gas company is looking to buy a 10 MW electrolyzer to produce 4.5 tons of green hydrogen daily.
Danish electrolyzer firm Stiesdal next in Reliance new energy plans
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
India and Australia’s richest race to net-zero by 2030
Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.
Adani Group commits US$20 billion to renewable energy
The diversified business group with a 25 GW renewable energy portfolio will invest US$20 billion across renewable energy generation, component manufacturing, transmission, and distribution over the next ten years.
Ayana Renewable partners Norway’s Greenstat on India’s hydrogen mission
The Bengaluru-based solar and wind energy developer has signed a Memorandum of Understanding with Greenstat Hydrogen India to collaborate on developing projects for green hydrogen production in India.
American firm launches 2 GW electrolyzer fab in India
The giga-scale factory, located in the Bengaluru city of Karnataka, will initially have the capacity to manufacture about 500 MW of electrolysis equipment per annum.
Acme signs land pact for green hydrogen and ammonia plant in Oman
The Indian solar developer said the Oman facility would use 3 GWp of solar and 0.5 GWp of wind energy to produce 2,400 tons of green ammonia daily and approx. 0.9 million tons annually. Construction is planned in phases with an investment of $3.5 billion over the next three years.
