Daily News Wrap-Up: Suzlon Bags Order for Adani Green’s 48.3 MW Wind Projects
Alternus Energy establishes clean energy subsidiary Altnua to drive growth in Europe and U.S
Here are some noteworthy cleantech announcements of the day from around the world:
Suzlon won the order to supply to 48.3 MW wind power projects by Adani Green Energy. The turbine manufacturer will supply and install 23 units of wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 2.1 MW each. The project is located in the Kutch district of Gujarat and is expected to be commissioned in 2023. A project of this size can provide electricity to 31,000 households and curb 124,000 tons of CO2 emissions per year. Suzlon has an existing order of 226.8 MW from Adani Green.
Alternus Energy Group established its clean energy development business, Altnua, which aims to become a specialist renewable asset developer in Europe and the U.S. Altnua will develop utility-scale projects from the ground up, working with landowners, local developers, and corporate offtakers to achieve their net zero goals. As part of Alternus, Altnua is expected to take a long-term approach to develop projects on a ‘develop to own’ basis across various technologies using innovative energy solutions. A central theme of Altnua’s growth strategy will be acquiring development businesses to scale their portfolios.
India hosted the fifth Assembly of the International Solar Alliance (ISA) in New Delhi. India and France were re-elected president and co-president of the ISA Assembly for two years. The assembly approved the Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa. The solar facility is expected to stimulate high-potential solar technologies by attracting private capital to flow into underserved African markets while ensuring a payment and insurance mechanism as a first-loss guarantee. The ISA will soon operationalize Solar Facility to crowdsource investments from global donors and proposed projects in Africa. It also approved SolarX Grand Challenge to promote entrepreneurship and innovation in solar.
The New York Energy Research and Development Authority and National Grid announced the selection of 21 community solar projects totaling more than 120 MW to deliver the benefits of clean energy to underserved New Yorkers. The Expanded Solar For All program, approved by the State’s Public Service Commission in January, will serve nearly 175,000 income-eligible customers in National Grid’s upstate service areas. As part of the program’s first phase, National Grid anticipates providing up to $240 million in bill credits during the 25-year lifetime of the program. An anticipated second phase would double the total bill credits to up to $480 million.
TagEnergy and Balance Power signed a framework agreement to build, own, and operate 500 MW of new energy storage in the UK. The partnership will see TagEnergy become the majority owner of the projects. An investment of over £300 million (~$340 million) will be required to deliver the projects over the next four years. The partnership will increase TagEnergy’s current portfolio of over 300 MW of ready-to-build or under-construction battery projects by an additional 500 MW at different stages of development.