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.
India to join Germany’s green hydrogen strategy update
India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.
All major ports should switch to over 90% renewable energy by 2047, say new guidelines
The recently issued green port guidelines emphasize using clean energy in port operations and developing port capabilities for storage, handling, and bunkering of greener fuels such as green hydrogen, green ammonia, and green methanol.
Swiss team sets record solar-to-hydrogen rate
Researchers from Switzerland’s École Polytechnique Fédérale de Lausanne have unveiled a new solar dish plant design, while Plug Power has delivered its first electrolyzer system to Europe.
ACME Group, Indraprastha Gas Ltd sign green hydrogen agreement
ACME and Indraprastha Gas Ltd (IGL) have agreed to jointly explore the setting up of hydrogen generation plants, including electrolyzers, to blend green hydrogen in IGL’s natural gas supply.
BHEL to make electrolyzers
Bharat Heavy Electricals Ltd is seeking a business consultant to realize potential opportunities in electrolyzer manufacturing and the green hydrogen value chain.
Avaada Group raises $1.07 billion for green hydrogen, ammonia ventures
Avaada Group has secured $1.07 billion to fund its green hydrogen and green ammonia ventures in India. The funding includes $1 billion from Brookfield Renewable and $68 million from Global Power Synergy Public Co. (GPSC).
India will require INR 9 trillion capex to meet 2030 green hydrogen target
A new report says India will require INR 5.5-6 trillion to create 115-125 GW of renewable energy capacity and INR 3-3.5 trillion to meet 35-40 GW of electrolyzers requirement in order to reach green hydrogen production capacity of 5 MMT per annum by 2030.
