Daily News Wrap-Up: PGCIL Wins Transmission Project to Evacuate 8.1 GW of Solar Power
Here are some noteworthy cleantech announcements of the day from around the world:
Power Grid Corporation of India Limited (PGCIL) was declared the winner under the tariff-based competitive bidding to establish a transmission system for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II -Part-G on build, own, operate, and maintain basis. The Transmission system comprises the establishment of a new 765/400kV GIS Substation at Narela (NCT of Delhi) and 765kV D/C Transmission Lines in Rajasthan, Haryana, and NCT of Delhi.
Adani Renewable Energy Holding Fifteen, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), received a letter of award to set up a 150 MW solar power project from Punjab State Power Corporation (PSPCL). The fixed tariff for the project capacity was ₹2.34 (~$0.03)/kWh for 25 years. The tender initially issued by PSPCL was to procure 250 MW solar power from ground-mounted grid-connected solar power plants. AGEL now has a cumulative renewable energy project portfolio of 20.4 GW capacity, out of which 5.4 GW projects are operational, 11.6 GW are under construction, and 3.4 GW projects are in the pipeline.
Prescinto Technologies, a clean energy artificial energy platform, partnered with CAPEX solution provider Integrum Energy for real-time monitoring and analytics of their wind and solar projects. The process includes digital transformation of their 100 MW assets across India. Integrum will leverage Prescinto’s platform for actionable intelligence on their wind, solar and hybrid portfolio. Prescinto provides a cloud-based asset agnostic platform that can remotely fetch data from the wind turbines and solar plants, visualize it and provide insights to improve generation. With this, Prescinto onboards more than 2 GW wind power projects taking the total to 12 GW.
U.S.-based coal producer Peabody Energy announced its first step into the renewable energy sector through a new joint venture. It is launching R3 Renewables with Riverstone Credit Partners and Summit Partners Credit Advisors to develop 3.3 GW solar energy and 1.6 GW of battery storage capacity over the next five years. R3 Renewables will be engaged in developing six potential sites on large tracts of land on or near previous coal mining operations in Indiana and Illinois. The portfolio size and strategic site locations, each of which is near grid injection points, offer the potential to develop the largest solar and battery storage projects in both Indiana and Illinois.
Shell Energy Operations, a wholly-owned subsidiary of Shell, announced it had signed an agreement to acquire 49% of Australian wind farm developer, WestWind Energy Development, which has a 3 GW project pipeline across Victoria, New South Wales, and Queensland. This will be Shell Australia’s first investment in wind energy. The investment is expected to complete in 2022 and is subject to regulatory approvals. Shell has not disclosed the financial details of its acquisition.
ExxonMobil announced its plans for a hydrogen production plant and one of the world’s largest carbon capture and storage projects at its integrated refining and petrochemical site at Baytown, Texas. The initiative will support the company’s efforts to reduce emissions from operations and local industry. The proposed hydrogen facility would produce up to 1 billion cubic feet per day of “blue” hydrogen produced from natural gas and supported by carbon capture and storage. The carbon capture infrastructure for this project would have the capacity to transport and store up to 10 million metric tons of CO2 per year, more than doubling ExxonMobil’s current capacity.
Luminous Power Technologies announced the launch of a new inverter series, “Li-ON,” an integrated inverter with Lithium-ion batteries. Li-ON 1250 will be offered as a single unit with an inverter and integrated Li-ion battery encapsulated in a cabinet. With the new Li-ON battery, the Li-ON series of inverters promise enhanced performance with an extended battery life which will be three times better than conventional battery-based inverters. Additionally, the Li-ON series will support fast charging – completing full charge in just 4 hours. The new 1100 VA inverter can run a maximum of 880W of load with a backup time of more than three hours with 50% load.