Daily News Wrap-Up: Airports Authority of India Signs Pact With NVVN for Solar and EVs

Iberdrola to invest €75 billion to double its renewable energy capacity by 2025


Here are some noteworthy cleantech announcements of the day from around the world:

Airports Authority of India has signed a Memorandum of Understanding with NTPC Vidhyut Vihar Nigam Limited to set up solar power facilities and adopt electric vehicles at its airports. In the initial phase, NVVN will take up projects at airports in Tamil Nadu and Rajasthan. Both organizations will also jointly work to promote electric vehicles’ usage and develop public charging infrastructures at airports to support India’s initiative for the adoption of electric vehicles.

Iberdrola, a Spain-based electric utility company, announced that it would invest €75 billion (~$ 89.05 billion) over the next five years to double its renewable energy capacity. The company is expected to increase its renewable energy to 60 GW in 2025 from 32 GW of last year, with 26 GW of offshore wind, 16 GW of solar, and 14 GW of hydro. It expects to increase its net profit to €5 billion (~$ 5.93 billion) in 2025, from €3.4 billion (~$ 4.03 billion) last year due to this growth.

Siemens has developed a unique business model with a virtual power project (VPP) and energy storage technology to support energy optimization for Finnish brewery Sinebrychoff, a subsidiary of the international Carlsberg Group. Fluence, a joint venture of Siemens and AES, will provide its 20 MW energy storage system for Siemen’s business model to be set up at Sinebrychoff’s facility in greater Helsinki, Finland.

The Australian Energy Market Operator (AEMO) has completed the system integration protection scheme on behalf of the state government of Victoria, Australia. AEMO awarded the contract to Neoen, a France-based renewable energy company. Under the contract, AEMO will reserve 250 MW from Neoen’s 300 MW battery to increase the capability of the Victoria to New South Wales Interconnector and respond to unexpected network outages in Victoria from November 2021.

Here is our previous daily news wrap-up.

Image credit: Photo by CHUTTERSNAP on Unsplash

Harsh Shukla is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.

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