Currently, Serentica Renewables is developing 1.5 GW of solar and wind power projects for energy-intensive industries in India. Over the medium-term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment from KKR will support its industrial decarbonization projects.
A new report by Arthur D. Little presents an integrated blueprint for India to achieve its true potential in the power sector with a focus on renewables.
Ayana Renewable Power, Azure Power, EDF Renewables India, Sterlite Power, Torrent Power, and Vena Energy have committed investments in wind-solar hybrid projects in the state.
The renewables developer will build a 1.2 mtpa green hydrogen and green ammonia project with integrated RE generation capacity in the state.
The company already has a state-of-the-art lithium battery recycling plant in Roorkee, Uttarakhand, with a recovery efficiency of more than 98% across various battery materials. It said the new plant in Telangana will increase its Li-ion battery recycling capacity to 19,500 MT by the end of 2023 from the current 4,500 MT.
ABC Cleantech, a part of Axis Energy Group, will invest around $6 billion (INR 50,000 crore) to build a green hydrogen and ammonia plant, integrated with 5 GW of renewable energy capacity, in the Indian state of Karnataka.
Tdafoq Energy will use Delectrik Systems’ technology to manufacture vanadium redox flow batteries in Saudi Arabia. Construction has already started on a manufacturing facility in Saudi Arabia, which will be scaled to a GWh capacity by 2025.
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.
Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.
Operating gas-fired power plants would be 10 times more expensive in the long-term than building new solar capacity in Europe, according to research from intelligence company Rystad. Their study uses the levelized cost of energy (LCOE) for gas and coal-fired power generation at different price levels and compares it to the LCOE of solar PV and wind.
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