European Parliament committees approve draft regulation on forced labor
The European Parliament’s Internal Market and International Trade committees have approved and amended a proposal to create a global list of regions and industries with a high risk of forced labor.
Avaada secures $1.8 billion REC finance for green ammonia project
Avaada has signed a memorandum of understanding with REC Ltd for $1.8 billion green ammonia project financing.
SECI launches 1 GW solar tender
The Solar Energy Corp. of India (SECI) is accepting bids to develop 1 GW of interstate transmission grid-connected solar projects in India. Bids can be submitted until Nov. 20.
REC commits over $3.7 billion for Acme, Avaada green hydrogen projects in Odisha
REC Ltd will provide debt funding totaling INR 31,000 crore (over $3.7 billion) to support two green hydrogen projects in Odisha. This includes INR 16,000 crore to Acme Group and INR 15,000 crore to Avaada.
Residential battery inventories soaring in Europe, says S&P Global
European warehouses are reporting extremely high inventory levels for residential energy storage systems, with aggressive prices expected, as distributors need to start clearing their stocks, according to S&P Global.
India’s steel, cement plants need $627 billion to go net zero
A CEEW study calculates the cost of decarbonizing the steel and cement production plants in India. It also finds carbon capture and storage, if successfully scaled up, could abate 56% of emissions from the steel industry.
Bangladesh introduces rooftop PV requirement for big, new buildings
Bangladesh has implemented a new rule stating that new buildings with rooftop spaces exceeding 92.2 square meters must install net-metered solar power systems as a prerequisite for grid connection.
India’s emergence as a credible option in renewables supply chain
Clean technology and ancillary equipment offer a cumulative $300-400 billion sales opportunity for Indian manufacturers within this decade, according to a new report by KPMG that says India has the potential to emerge as an alternative in the renewable energy supply chain.
World: Solar PV LCOE expected to slide to $0.021/kWh by 2050, says DNV
By mid-century the levelized cost of energy (LCOE) for solar PV will be $0.021/kWh, a new report by risk management company DNV predicts. The learning rate for solar is predicted to decrease from 26% to 17% by 2050.
Birla Carbon acquires Belgian nanotube manufacturer to drive growth in lithium battery materials
Birla Carbon has acquired Belgium’s carbon nanotube manufacturer Nanocyl as it looks to establish a leadership position in materials critical to lithium-ion battery performance.
