Procurement

ACME Group has signed an offtake agreement with Japan’s IHI Corp. for its green ammonia project in Odisha. The pact covers the supply of 0.4 mmtpa (million metric tons per annum) of green ammonia from Phase-1 of Acme’s Gopalpur project on a long-term basis.

The costs of transporting a container from China to Rotterdam have already almost tripled due to ongoing tensions in the Red Sea and the Gulf of Aden. Houthi militants have been attacking merchant ships there for weeks, preventing them from entering the Red Sea and transiting through the Suez Canal.

The Gujarat International Finance Tec-City (GIFT City) has partnered with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corp. (GSPC) to establish a global hydrogen trading mechanism.

To scale the adoption of clean technologies in rural areas, we need to focus more on leveraging the experience of early women adopters. We should organise hyperlocal events and demos – create spaces for women to network and become aware.

EDF Renewables North America signs on with Solarcycle to recycle damaged or broken solar panels.

Indian solar module manufacturers will have significant opportunities until July 2024 to sell their products in the USA market. However, their exports to the USA may start stagnating from 2025 and declining from 2027 onwards as the USA develops domestic capacities under its Inflation Reduction Act (IRA), according to a new report by IEEFA and JMK Research.

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.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

India is seeing a large fall in solar panel imports from China as it prioritizes domestic solar manufacturing, finds a study by Ember.

India will install around 20-25 GW of new renewable energy capacity annually over the next two fiscals, driven by a healthy project pipeline and a strong bidding roadmap. The decline in solar module prices and one-year relaxation for the approved list of module manufacturers (ALMM) bode well for the capacity addition.