Daily News Wrap-Up: Coal India Prepares for Solar Manufacturing, Project Development
Adani Green subsidiary awarded 150 MW solar project
Here are some noteworthy cleantech announcements of the day from around the world:
Coal India Limited (CIL) has announced the formation of two wholly-owned subsidiaries for undertaking solar photovoltaic manufacturing and renewable energy projects. CIL Solar PV Limited has been incorporated for manufacturing in the solar value chain (ingot-wafer-cell module) and CIL Navikarniya Urja Limited for renewable energy, CIL said in a BSE filing. The coal giant had said in an earlier filing that the board had approved the creation of a special purpose vehicle to set up an integrated solar wafer manufacturing facility to boost the solar value chain.
A wholly-owned subsidiary of Adani Green Energy Limited (AGEL) –Adani Renewable Energy Holding Fifteen Limited – has been awarded a 150 MW capacity solar power project by Torrent Power Limited. Adani Renewable Energy Holding Fifteen Limited had participated in a tender issued by Torrent Power to procure power through a competitive bidding process from grid-connected solar photovoltaic power projects to be set up in Gujarat. The fixed tariff for the project capacity is ₹2.22 (~$0.03)/kWh for 25 years. The project is expected to be commissioned by the third quarter of the financial year 2023, the company said in a BSE filing.
Independent energy trading company BB Energy (BBE) has acquired Solarcentury Africa (SCA). The transaction will also give the BB Energy renewables division access to a pipeline of 2.1 GW worth of solar energy and battery storage projects across Africa, backed by strong regional and international consumer and industrial customers. Solarcentury Africa represents the second investment made by the BBE renewables division in less than a year and the first fully owned subsidiary.
Solar panel manufacturer Trina Solar has launched TrinaTracker and its 670 W+ ultrahigh power vertex module in India. The 670 W vertex module uses larger size solar cells that are 210 mm in diameter.
NTPC Limited has declared commercial operation of the remaining 15 MW of the 85 MW solar photovoltaic project in Uttar Pradesh’s Bilhaur. With this, the total installed capacity of NTPC and NTPC group has become 52,400 MW and 65,825 MW, respectively, and the commercial capacity of NTPC and NTPC group stands at 51,740 MW and 64,505 MW, respectively, the company said in a BSE filing.
Energy storage solution provider Hydrostor has secured funding from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada. The financing will help develop a 300-500 MW advanced compressed air energy storage (A-CAES) facility in the country. Approximately $4 million (~$3.19 million) has been committed to the project. The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction. The project will be modeled on the success of Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of long-duration energy storage.
RWE Supply & Trading, a part of German energy company RWE, and Australian hydrogen project developer H2U have come together to develop hydrogen trading between Australia and Germany. The memorandum of understanding signed between the two companies aims to bring green hydrogen produced in Australia to Europe. This is in line with the objective of HySupply, a 24-month German-Australian feasibility study that was started in December 2020 by the German Academy of Science and Engineering and the Federation of German Industries.