Renewables

Solar is poised to be the leading energy source in the next century. In terms of cost, renewables are almost at par with their dirtier counterparts, and within a few years will soon overtake them in terms of the volume of the overall worldwide energy produced.

Avendus Capital’s latest report on green hydrogen estimates cumulative investments of $125 billion by 2030, across the value chain spanning electrolyzer production, renewable energy generation, and green hydrogen and green ammonia production in India. 

Erisha E Mobility will invest INR 6,900 crore in setting up an electric vehicle park, charging infrastructure, and green hydrogen production facilities in Gujarat.

Erisha E Mobility will set up a green hydrogen ecosystem in Gujarat with an investment of INR 5,000 crore (over $600 million).

A Spanish-Algerian reserch group has tested how “cool roofs” could help increase power yield in rootop bifacial PV systems. Cool roofs are based on coating materials with high reflectance properties.

The India-Japan Fund will actively invest in India’s environmental preservation sector, including renewable energy and e-mobility businesses.

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.

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). 

Gas Authority of India Ltd (GAIL), a state-owned natural gas company, has signed a deal with Abu Dhabi National Oil Co. to explore collaboration opportunities in renewables and new energy projects.

A new report analyzes the current status of banking provisions across solar and wind energy rich states in India, along with the implications of these restrictive provisions upon the renewables sector.