PHDCCI makes recommendations for fast-tracking India’s National Green Hydrogen Mission
The PHD Chamber of Commerce and Industry (PHDCCI) has recommended nil import duty for electrolyzers until 2030 and zero goods and services tax (GST) for green hydrogen/ammonia. It has also proposed the inclusion of green hydrogen derivatives in the list of activities eligible for carbon credit trading, among other suggestions.
Serentica Renewables secures INR 2,600 crore in debt funding from PFC
The funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid wind-solar power projects in Karnataka.
Goldi Solar, Desert Technologies to collaborate on PV manufacturing
Goldi Solar will work alongside Desert Technologies (DT) to localize a significant part of the renewable energy value chain in the Kingdom of Saudi Arabia.
Karnataka to develop 500 MW solar park in Bidar district
Karnataka Renewable Energy Development Ltd (KREDL) seeks a consultant to assess the feasibility and prepare a detailed project report for developing the 500 MW solar park in Bidar.
Avaada Energy, Al Jomaih to collaborate on renewable energy projects in the Middle East
Avaada Energy and Al Jomaih Energy and Water (AEW) have signed a Memorandum of Understanding (MoU) to collaborate on renewable power projects, including solar, wind, hybrid, and battery energy storage solutions in the Middle East.
India, USA to set up $1 billion renewable infrastructure investment fund
India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.
G20 to pursue tripling of renewable energy capacity globally by 2030
The leaders of G20 nations noted the climate finance requirements of developing countries. They agreed to work towards facilitating low-cost finance for energy transition in developing nations.
Hitachi Energy wins order to support grid integration of 300 MW solar project
Hitachi Energy India has won the contract to provide a grid connection solution for Ayana Renewable Power’s upcoming 300 MW solar photovoltaic power plant in Bikaner, Rajasthan.
Brazil could produce green hydrogen for $2.87/kg, says consultancy
Sao Paulo-based Clean Energy Latin America says green hydrogen could be produced in Brazil at a levelized cost of hydrogen (LCoH) of $2.87 and $3.56 per kg in some strategic locations.
Avaada Group to set up green hydrogen, ammonia plant in Odisha
Avaada Group has signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Ltd to establish a green hydrogen and ammonia production unit at Gopalpur Industrial Park in Odisha
