India needs $223 billion to meet 2030 wind, solar goals
India requires $223 billion of investment over the next eight years to reach nearly 280 GW of solar and 140 GW of wind capacity by 2030.
Solar auctions in India to attract large developers
A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.
Microsoft to purchase power from a 100 MW Amplus Solar project in India
On the road to becoming carbon negative, Microsoft increases the amount of zero-carbon electricity it’s procuring through long-term contracts.
DVC seeks EPC contractors for 30 MW of floating solar
State-owned Damodar Valley Corp. (DVC) is seeking contractors to install and commission 30 MW of grid-connected floating solar capacity at its thermal power stations in Jharkhand and West Bengal. Bidding closes on Aug. 1.
Spanish court orders Iberdrola to dismantle 60% of 500 MW operational PV plant
A Spanish court has ruled that Spain’s largest operational PV project – the 500 MW Nuñez de Balboa solar plant – occupies a piece of land that was illegally expropriated. Project owner Iberdrola must now shut down a large portion of the installation.
Hinduja Group invests in UK second-life battery storage specialist
Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development.
The long read: Clear winds of renewables change
After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.
Battery metals: How quickly can supply ramp up?
A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.
ReNew’s operational renewables portfolio hit 7.6 GW in FY2021-22
ReNew Power’s total income rose 27% year on year to INR 69,195 million ($912 million) in fiscal 2021-22, on 130 MW of solar capacity additions in the fourth quarter alone. Its overall renewables portfolio rose to 10.7 GW at the end of March, including 7.6 GW of commissioned capacity and 3.1 GW of committed projects.
TotalEnergies to acquire 25% stake in Adani’s green hydrogen unit
France’s TotalEnergies has signed an agreement with Adani Enterprises to acquire 25% of its new energy arm, Adani New Industries Ltd. The joint venture platform, ANIL, will be integrated across the value chain to drive down green hydrogen production costs. It aims to develop a green hydrogen production capacity of 1 million tons per annum by 2030.
