Daily News Wrap-Up: POSCO, Greenko to Produce Green Hydrogen in India

EKI Energy Services onboarded by Varanasi Smart City as its climate partner

September 5, 2022


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

POSCO and ZeroC of Greenko (GZC) entered a strategic partnership to produce green hydrogen, ammonia, and other derivatives in India for domestic and export markets. The companies also seek to develop solar and wind capacity jointly. GZC’s pumped hydro storage platform and energy storage cloud will use the power generated to supply renewable energy to a green ammonia plant, leveraging POSCO’s hydrogen and ammonia experience. The partners will explore business opportunities in competitive renewable energy production in India and supply green hydrogen and ammonia to Indian and export markets.

Carbon credit developer EKI Energy Services (EKI) bagged a consultancy services contract from Varanasi Smart City to monetize its greenhouse gas (GHG) reduction projects for high-quality carbon credits. EKI will enable Varanasi Smart City in the development and management of green projects for maximum GHG mitigation and help secure project accreditations under preeminent international standards, including– Verified Carbon Standard EKI will offer its consultancy services for the end-to-end management of all the GHG mitigation projects of Varanasi Smart City. The services include feasibility assessment of projects, validation, registration, and verification for the generation of high-quality GHG carbon credits that can be monetized in global markets for additional revenues.

Ørsted announced that the 1.3 GW wind farm, Hornsea 2, is now fully operational. The offshore wind farm comprises 165 wind turbines located 89 km off the Yorkshire Coast, which will help power over 1.4 million UK homes with low-cost, clean, and secure renewable energy. The wind farm is situated alongside its sibling Hornsea 1, which can power 2.5 million homes and significantly contribute to the UK Government’s ambition of having 50 GW offshore wind in operation by 2030.  The Hornsea zone, an area of the North Sea covering more than 2,000 km2, is also set to include Hornsea 3. The 2.8 GW project is planned to follow Hornsea 2. Ørsted now has 13 operational offshore wind farms in the UK, providing 6.2 GW of renewable electricity for the UK – enough to power more than 7 million homes. Hornsea 2 significantly contributes to Ørsted’s global ambition of installing 30 GW offshore wind by 2030.

Scatec and the Botswana Power Corporation signed a binding 25-year power purchase agreement to construct a solar PV facility with a contracted capacity of 50 MW at Selebi Phikwe. Scatec owns 100% of the project and will be the designated engineering, procurement, and construction company. Scatec will also act as the asset manager and operations and maintenance contractor. Scatec will construct the solar facility in Selibe Phikwe, a former mining town located in the eastern part of the country. The solar power project will ensure that approximately 48,000 tons of COemissions will be avoided and power approximately 20,000 households annually.