Australia adds 9.6 GWh pumped hydro project to pipeline
The pipeline of pumped hydro storage projects in the Australian state of Queensland continues to grow, with Victoria-based renewables company BE Power announcing plans to develop an 800 MW/9.6 GWh project at Mount Alma near Gladstone.
Avaada signs green ammonia offtake MoU with Mysore Ammonia
Avaada Group has signed a Memorandum of Understanding (MoU) for long-term supply of green ammonia to Mysore Ammonia, an ammonia distributor and trader in India.
JSW Energy starts construction of 1 GWh battery storage
JSW Energy has started construction work for its 1 GWh battery energy storage project in India, marking its foray into energy storage services. The company is also spearheading the development of India’s largest commercial-scale green hydrogen project in India.
The Hydrogen Stream: Sembcorp signs term sheet to supply green ammonia from India to Japan
Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
SECI launches 539,000-mtpa green ammonia tender
Solar Energy Corp. of India (SECI) is accepting bids to produce and supply 539,000 metric tonnes of green ammonia per year for use by the fertilizer industry in India. Successful bidders setting up green ammonia production facilities will be eligible for incentives under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Bidding closes on July 29.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
BNEF Summit highlights sluggish trading of low-carbon hydrogen, derivatives
Analysts at the recent BNEF Summit in Munich discussed delays for hydrogen adoption in European countries, noting that locations are crucial for predicting which hydrogen production plans will proceed. Projects in areas with high amounts of renewables have an advantage.
Panasonic partners Aerem to provide financing to its solar customers
Panasonic Life Solutions India has partnered with Aerem Solutions to facilitate financial assistance for its solar customers in the residential and commercial & industrial (C&I) sectors.
IndianOil, Sun Mobility sign battery swapping JV agreement
Indian Oil Corp. and Sun Mobility will form a 50:50 joint venture to undertake and operate battery-as-a-service solution for small-format electric vehicles in India.
India’s solar energy sector: Challenges, opportunities, and future prospects
India’s solar journey is a tale of turning challenges into opportunities, of harnessing the sun’s boundless energy to light up lives sustainably. On this World Environment Day, India’s solar saga reminds us that with innovation, policy support, and collective will, we can indeed craft a brighter, greener future—one solar panel at a time.
