IREDA, BVFCL sign MoU on renewable energy and green hydrogen
The Indian Renewable Energy Development Agency Ltd (IREDA) shall provide its techno-financial expertise to help Brahmaputra Valley Fertilizer Corporation Limited develop renewable energy, green hydrogen, green ammonia, and energy efficiency and conservation projects.
JSW Energy to re-organize renewable and thermal businesses
The private-sector power producer will group its renewable energy business under wholly-owned arm JSW Neo Energy as it targets growth in renewable energy generation, energy storage, and green hydrogen business.
Renew Power wants to set up 50 kiloton green hydrogen plant in Madhya Pradesh
The renewable energy developer is ready to invest INR 18,000 crore (US$ 2414.29 million) in setting up a 50 kilotonne per annum green hydrogen production plant in the State.
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.
