Daily News Wrap-Up: IREDA to Assist TANGEDCO with Renewable Projects and Fundraising

Piaggio, Honda, KTM, and Yamaha to form swappable batteries consortium


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

Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) to provide its technical expertise in developing renewable energy projects and fundraising.  Under the MoU, IREDA will extend its technical expertise to TANGEDCO for renewable energy project development, bid process management, and implementation support. IREDA will also assist TANGEDCO in debt raising by developing financial models, understanding market instruments, etc.

The Ireland Strategic Investment Fund has unveiled plans for a €1 billion (~$1.18 billion) climate action investment drive to include renewables and battery storage projects. The fund will invest in the greater use of large and small-scale wind and solar power generation, both onshore and offshore. Among the program’s targeted investments, which will occur between 2021 and 2026, are energy efficiency, energy storage, renewables, among others.

Automobile manufacturers Piaggio, Honda, KTM, and Yamaha, are set to create a ‘swappable batteries motorcycle consortium’ (SBMC). The consortium will also make and promote its common specifications a standard within European and international standardization bodies. The consortium will develop common technical specifications of the swappable battery systems and confirm the common usage of such battery systems.

Power Grid Corporation of India Limited (PGCIL) has laid the foundation stone for an electric vehicle charging station in Shillong, Meghalaya. The charging stations are being developed under Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) India Scheme Phase-II. Under this scheme, PGCIL would develop 11 charging stations in Shillong city. Each station will have four 15 kW DC-001 Chargers and one 100 kW CCS-2/CHAdeMO Charger, totaling 66 charging points in Shillong city.

Enel Green Power Romania signed two share purchase agreements with MYTILINEOS to acquire two photovoltaic (PV) power plant projects in Romania. The first project in Călugareni will have an installed capacity of 63 MW, and the construction is scheduled to start by the end of 2021. The second project in Moșteni will have an installed capacity of 26 MW, and the construction works are expected to start at the beginning of 2022. The two plants are expected to achieve commercial operations by the end of 2022 and the beginning of 2023, respectively.

Bangalore-based renewable energy platform Ayana Renewable Power and Greenstat Hydrogen India signed a Memorandum of Understanding to accelerate the hydrogen technology development in India. The objective of this partnership is to collaborate on developing projects for the production of green hydrogen. Ayana focuses on the development of utility-scale renewable projects in India. The company maintains that the MOU brings together the development and operating expertise of Ayana in India and the Greenstat Group’s technical expertise.


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