Daily News Wrap-Up: World’s First Long-Range Solar Car Maker has Raised $110 Million
Tata Power received LoI from MAHAGENCO for 250 MW Grid-Connected Solar Power Plant
September 22, 2021
Here are some noteworthy cleantech announcements of the day from around the world:
Long-range solar car developer, Lightyear, has announced that it has raised $110 million in funding in 2021. The funds are used for the further development and production of Lightyear One and for expanding its operations. The company is exploring development locations in the Netherlands, Germany, and the United Kingdom.Lightyear is exploring several options for further fundraising for the mass market model, which is planned to go into production in 2024.
TP Saurya Limited, a 100% subsidiary of Tata Power, received the Letter of Intent (LoI) from Maharashtra State Power Generation(MAHAGENCO) to set up a 250 MW grid-connected solar photovoltaic power plant in Maharashtra. The project has been awarded to TPSL through tariff-based competitive bidding followed by an e-reverse auction. The Maharashtra State Electricity Distribution Company Limited (MSEDCL) will purchase the power generated from the solar plant. The project will be commissioned within 15 months from the date of the PPA execution.
Vestas has secured a 101 MW order from ReNew Power for wind power projects in Gujarat. The new order follows another 101 MW order from ReNew earlier this year. The contract includes supply and supervision of 46 V120-2.2 MW turbines and a 10-year active output management 5000 service agreement designed to maximize energy production for the project. Deliveries of the turbines are expected to begin in the first quarter of 2022. The projects are expected to be commissioned in the third quarter of 2022.
Madrid-based energy and petrochemical company Repsol will install a 2.5 MW electrolyzer at its Petronor refinery in the Basque Country region to produce renewable hydrogen. The electrolyzer will serve Petronor’s in the municipality of Abanto-Zierbena. The project will be executed by engineering firms Sener and John Cockerill. The pipelines that will transport the renewable hydrogen produced at Petronor to the Margen Izquierda Technology Park will be constructed by Nortegas. The facility will involve an investment of €8.9 million (~$10.45 million).
Denmark-based power company Ørsted has completed the 227 MWac Muscle Shoals solar PV project in Colbert County, Alabama. Ørsted acquired Muscle Shoals in 2020 from Longroad Energy and has 1.4 GW of solar and storage capacity in operation and under construction. The project has a long-term PPA with Tennessee Valley Authority. This new project will support the sustainability goals of Facebook’s data center in Huntsville, Alabama. The project claims to house 670,000 solar panels.
Electric utility company EDP Renewables Canada and TC Energy Corporation have inked a 15-year power purchase agreement for the total output of the 297 MW Sharp Hills Wind Farm in Alberta. The wind farm will also generate enough electricity to annually power the equivalent of more than 164,000 average Alberta homes. It will save approximately two billion liters of water per year. The Sharp Hills Wind Farm is EDP Renewables’ third wind farm in Canada, after the 30-MW South Branch Wind Farm and 100-MW Nation Rise Wind Farm, located in Ontario. It is expected to be operational in 2023.
Shapoorji Pallonji Group Company’s end-to-end solar engineering, procurement, and construction (EPC) solutions provider Sterling and Wilson Solar has announced that it had commissioned the 66 MWp Al Husainiyah solar power plant in Jordan. The project, located in Ma’an Governorate, was executed with more than 850,000 safe manhours during the pandemic. The project will save around 50,000 tons of carbon emissions annually.