Daily News Wrap-Up: L&T Bags Order to Develop 400 MW of Solar Projects in Gujarat
Jinko Solar to procure rolled glass from Flat Glass Group to produce 59 GW of solar modules
Here are some noteworthy cleantech announcements of the day from around the world:
Larsen & Turbo, in a BSE filing, said its power transmission & distribution business has secured two engineering, procurement, and construction orders to establish over 400 MW of solar projects in Gujarat. The scope of work includes design, engineering, supply, construction, testing, commissioning, and operation and maintenance of grid-connected solar projects of about 200 MW each. The company also won a 400 kV substation order in Tamil Nadu. The scope of work includes establishing a complete substation, including associated transformers, reactors, switchgear, control and protection, and substation automation systems.
Jinko Solar and its subsidiary have signed a solar glass procurement contract with Flat Glass Group. The company will procure 338 million square meters of rolled glass to support the production of 59 GW of high-efficiency solar modules for three years from 2021 to 2023. The agreement with Flat Glass will ensure a long-term, stable supply of solar glass and align with its strategic and operational plans.
Capital Dynamics has signed a long-term power purchase agreement with Hoosier Energy. Under the agreement, Hoosier Energy will purchase 150 MW of the power generated by the Ratts 2 solar project. The project is currently being developed in Knox county, Indiana, United States. Energy Management and Tenaska are co-developing this project. The construction is expected to begin in 2022, with commercial operation anticipated in 2023.
RP Global has unveiled plans to develop a pipeline with 1 GW of solar and wind projects in Poland in the next two to four years. The first projects to be commissioned from the pipeline by mid-2022 include five solar projects of around 180 MW capacity each, located in different regions of Poland.
EelPower, a U.K.-based renewable energy company, has selected EDF as its next trading and optimization partner. The partnership will involve trading and optimizing three grid battery projects, with a total capacity of 80 MW, located in the United Kingdom. Last month, the two companies announced a broader partnership to develop battery storage assets across the country.
Glennmont Partners has completed its first synthetic risk transfer transaction through its renewable backed securities credit fund. The synthetic risk transfer transaction is structured around a pan-European renewable energy portfolio worth €1.7 billion held by Intesa Sanpaolo, covering an exposure to project finance loans over 7 GW of installed capacity of solar, wind, and bio-energy power projects.
Shanghai Electric Guoxuan New Energy Technology and Pacific Green Technologies have signed an MoU to manufacture battery energy storage systems. The two companies will leverage their respective advantage and resources to explore new energy storage projects on an international level, paving the way for Shanghai Electric Guoxuan’s entry into the global high-end energy storage market.
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.