Daily News Wrap-Up: JinkoSolar’s Subsidiary to be Listed on Shanghai Stock Exchange

Tata Power to commission the Indian health sector’s biggest carport

September 23, 2020


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

JinkoSolar, a solar module manufacturer, said that its board of directors had approved a strategic plan to access China’s capital market through its principal operating subsidiary Jiangxi Jinko. The company is considering the opportunity to list Jiangxi Jinko on the Shanghai Stock Exchange’s Sci-Tech Innovation Board after some intragroup restructuring. The board also approved an equity financing of Jiangxi Jinko, under which several China-based third-party investors, JinkoSolar’s founders, and senior management personnel agreed to invest an aggregate of 3.1 billion renminbi (~ $456.89 million).

Canadian Solar, a solar module supplier, has completed the sale of Suffield solar project to BluEarth Renewables. The project, which is currently under construction in Southeast Alberta, will have a capacity of 23MW. Direct Energy will purchase the generated power from the Suffield solar project once it is operational later this year.

Tata Power has signed a power purchase agreement with Apollo Gleneagles Hospital to commission a 335 kW carport project in West Bengal. The project is expected to generate around 426,000 units of clean energy for the hospital while reducing 0.08 tons of carbon dioxide emissions annually. It is expected to be the biggest carport in India’s healthcare segment.

Evonik and Siemens Energy have commissioned a pilot project sponsored by the German Federal Ministry of Education and Research that uses carbon dioxide and water to produce chemicals. Renewable sources supply the necessary energy. The pilot project used artificial photosynthesis technology to produce chemicals. After completing the current Rheticus project phase (Rheticus II), Evonik and Siemens will have a unique platform technology at their disposal that can produce energy-rich and valuable substances such as specialty chemicals or artificial fuels from CO2 – in a modular and flexible manner.

Aden Group and Eren Groupe, through two of its subsidiaries, Eren Industries, and Total Eren, have launched their joint-venture ‘Tera Energies’ in China. The Shanghai-based new company will be dedicated to developing innovative energy efficiency and sustainable solution for commercial, industrial, and governmental sectors in China. The company will focus on China’s clean energy and smart-city sectors, giving it the capacity to enhance pioneering work in B2B renewable energy and AI-powered energy optimization.

Zinc8 Energy Solutions has signed an agreement in principle with Vijay Electrical Limited. Both companies agreed to explore joint-venture projects to deploy Zinc8’s patented Zinc-Air energy storage systems. They also decided to explore the potential of manufacturing components of the Zinc-Air energy storage system.

Facebook reduced 59% of operational greenhouse gas emissions in 2019 compared to 2017 levels, according to its recently released sustainability report. The company has set a science-based objective to reduce its operational greenhouse gas emissions by 75% by the end of 2020, compared to its base year of 2017.

Saemenguem Development and Investment Agency has selected SK Consortium as the preferred bidder for the ‘Investment Promotion Solar Farm Project’ to build up a startup cluster and promote data centers. The company will invest over 2 trillion South Korean won (~$ 1.72 billion) in the ‘Investment Promotion Solar Farm Project.’  SK Consortium will invest over 600 billion South Korean won (~$ 517.32 million) in a startup cluster to build 200 MW of offshore solar project for high tech venture companies. The company also plans to build a data center by 2029 and establish an Asian data center hub by attracting related investments.

L3Harris Technologies has entered into a long-term virtual power purchase agreement with Lighsource bp for up to 100 MW of capacity from a new solar project expected to begin operation in the second half of 2021. The agreement enables Lightsource bp to finance and construct the Elm Branch solar project, which is scheduled to break ground later this year in Texas. L3 Harris Technologies has plans to reduce its greenhouse gas emissions by nearly 30% by 2026.

Here is our previous daily news wrap-up.

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.

More articles from Harsh Shukla.