ABB to power Samskip’s new hydrogen-fueled container vessels
ABB has secured a complete power, propulsion, and automation systems order for Samskip Group’s hydrogen-powered container vessels. Built by Cochin Shipyard Ltd, the largest shipbuilding and maintenance facility in India, these vessels are among the first in the world to demonstrate the potential of hydrogen fuel cells as a clean and renewable fuel source.
TotalEnergies to invest $300 million in new joint venture with Adani Green Energy
Adani Green Energy Ltd and French company TotalEnergies have agreed to create a new 50:50 joint venture (JV) with a 1,050 MW portfolio of solar and wind assets. TotalEnergies will make an equity investment of $300 million in the JV.
UK firm to supply argon recycling technology to 2 GW Mundra solar facility
Surrey-based Gas Recovery and Recycle Ltd (GR2L) will supply its ArgonØ machinery that can recycle up to 95% of argon used in the fabrication of silicon wafers for solar panels.
‘We have not forgotten how China’s unfair trade practices affected our solar industry’: European Commission president
The president of the European Commission, Ursula von der Leyen, said in the 2023 State of the Union Address this week that European solar manufacturers face stiff competition from heavily subsidized Chinese rivals and noted that the bloc is launching an anti-subsidy investigation into electric vehicles from the country.
Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
C4V, Trot Solutions tie up to develop green ports in India
C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India.
PPA prices fell 11% in Europe in May, says Pexapark
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
Germany deployed 6.26 GW of solar in H1
Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.
Tata Group to invest over $5 billion in 40 GWh UK battery fab
Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe.
EIB to provide EUR 1 billion for India’s National Green Hydrogen Mission
European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.
