EPC contractor Larsen & Toubro has partnered with renewable energy developer ReNew Power to develop end-to-end competitive solutions in green hydrogen.
The two energy majors have come together for the generation and storage of renewable energy or other forms of energy, including gas-based power, primarily to power Indian Oil refineries or other installations.
The 400 kV double-circuit transmission line will run from Barapukuria to Bogura, expanding high-voltage transmission infrastructure in Northern Bangladesh. It will also facilitate 1,600 MW power transmission from a power plant based in Jharkhand to Bangladesh.
The electrical contacts manufacturer will join hands with battery storage firm RENERA and EV charger manufacturer L-Charge for its business expansion into these segments.
The International Solar Alliance is an international intergovernmental treaty-based organization headquartered in India that aims to reduce the cost of solar technology and mobilize finance to accelerate solar adoption in its member countries.
The advisory committee will guide the International Solar Alliance on meeting its objective of mobilizing US$ 1 trillion investment in solar energy by 2030. Committee members include representatives from leading institutional investor like Africa50, CDPQ Global, IFC, the Development Bank of Southern Africa, Capricorn Investment Group, and Temasek.
Funding avenues available to solar developers range from green bonds and multilateral development bank loans to infrastructure investment trusts.
The International Solar Alliance (ISA), which aims to mobilize more than $1 trillion of solar power investment by 2030 in its member countries, expanded its scope of work by launching programs on solar panel and battery waste management and solar-powered hydrogen production in its fourth assembly held recently.
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
The Reliance Industries Ltd arm, which plans solar gigafabs in Gujarat, has raised a stake in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million).
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