Daily News Wrap-Up: Engie, Masdar to Invest $5 Billion in a 2 GW Green Hydrogen Facility
Tata Power, IIT Madras to pursue research in future technologies
December 7, 2021
Here are some noteworthy cleantech announcements of the day from around the world:
Global energy player ENGIE and Masdar have signed a strategic alliance agreement to explore the co-development of a 2 GW green hydrogen hub in the United Arab Emirates. The two companies said they are looking to develop projects with an investment of $5 billion. Masdar said that the partnership aims to capture synergies and complementarities between itself, as a renewables developer and investor, and Engie’s leadership position in green hydrogen deployment to establish an early mover position in the UAE’s hydrogen market. The company added that it would initially target local supply to expand capacity to create a giga-scale green hydrogen hub for the Gulf Cooperation Council, potentially exporting to other markets.
Tata Power and the Indian Institute of Technology Madras (IITM) have signed a memorandum of understanding to collaborate in research and development, consultancy, policy advocacy, advisory, training, and commercialization of technologies and solutions. Tata Power and IITM will aim to pursue advanced research in areas of future technology. The agreement also includes campus recruitment opportunities for postgraduate students of IITM. A few objectives agreed upon by Tata Power and IITM as a part of the tie-up are collaborative research projects, including research-based and consulting projects supported by the Center for Industrial Consultancy and Sponsored Research (IC&SR), IITM.
KPI Global Infrastructure has bagged orders from Chougle Salt Works, Gandhar Food Products, and Murlidhar Tex Prints for executing solar power projects of 1.10 MWdc capacity under the captive power producer segment. The company will install 250 kW each at Chougle Salt Works and Gandhar Food Products, while 600 kW will be installed at Murlidhar Tex Prints. Earlier, the company had bagged a repeat order for executing a solar power project of 5.20 MWdc capacity from Devika Fibres Private Limited.
Solar module manufacturer JinkoSolar Holding announced that its principal operating subsidiary, Jinko Solar, has signed a distribution agreement for distributed generation with Aldo Solar. Aldo Solar is a distributor of solar energy solutions in Brazil with a 31% market share. Under the agreement, over 4 million photovoltaic modules— equivalent to 2 GW of installed power—will be distributed. The contract assures the resellers and installers of solar energy in Brazil the continuity of the commercialization of the Tiger Pro series of panels. Jinko claims this is the largest distribution agreement it has signed outside China.