Punjab tenders for purchase of 1.2 GW of solar power
The selected bidders will set up grid-connected solar projects anywhere in Punjab to supply the power.
Green hydrogen: A key enabler for a sustainable future
Green hydrogen holds the potential to decarbonize critical sectors and provide clean energy solutions. However, it accounts for less than 1% of global hydrogen production. Targeted interventions are required to facilitate a smooth transition toward a green hydrogen economy.
IH2A submits plan for $5 billion national green hydrogen hubs by 2030
Industry body India Hydrogen Alliance has submitted a plan to the government to build five large national green hydrogen corporations with a collective enterprise value of $5 billion by 2030. The plan shows public finance support, in the form of CAPEX and offtake incentives for National Green H2 Hubs, is crucial for creating financially viable green hydrogen infrastructure, especially in the initial 2024-30 period.
Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
L&T advances renewables infrastructure for world’s largest green hydrogen plant
Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.
L&T forms Green Energy Council
The council will identify technology trends in green energy, analyze the evolving global policy developments, evaluate emerging business models, and advise on collaborations.
Madrid to generate green hydrogen using recycled water, PV, biogas
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
NTPC confirms over 20 GW of renewables portfolio
NTPC, India’s largest power producer, has 3.3 GW of renewable energy capacity already commissioned, 4.6 GW under construction, and a balance of 12.6 GW under planning and implementation.
NEOM signs green hydrogen deal in Saudi Arabia
NEOM Green Hydrogen Company has secured an exclusive 30-year off-take agreement with Air Products for what they claim will be the world’s largest green hydrogen plant, while Germany’s EEX has launched the world’s first market-based hydrogen index.
REC eyes up to INR 3 lakh crore lending for renewables by 2030
The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
