Daily News Wrap-Up: Draft Eligibility Criteria For Accredited Carbon Verification Agencies

Saudi Arabia Issues Tender for 3.7 GW of Solar Projects

November 15, 2023


The Bureau of Energy Efficiency (BEE) issued a draft Accreditation Procedure and Eligibility Criteria for Accredited Carbon Verification Agencies (ACV). Stakeholders can submit their comments by November 22, 2023. Under the new procedure, the reduction in greenhouse gas emission intensity achieved by obligated entities will be assessed by ACVs accredited by BEE. The ACV carrying out verification under the Indian Carbon Market must be accredited for the sectoral scope where activity needs to be carried out.

The Saudi Power Procurement Company issued a request for qualification for the fifth round of solar projects with a total capacity of 3,700 MW under the National Renewable Energy Program. The last date for bid submission is December 05, 2023. As of now, essential details related to the bid, such as tender fees, Earnest Money Deposit, and Performance Bank Guarantee, are unspecified. The project scope includes the development, cost estimation, contracting, and tendering of lump-sum turnkey engineering, procurement and construction arrangements, operation and maintenance agreements throughout the project’s operational term, and financing for solar projects.

Chinese solar manufacturer Huasun claimed to set a new benchmark in power output for heterojunction (HJT) photovoltaic modules by achieving a power output of 750.544W and demonstrating a conversion efficiency of 24.16%. Within a span of six weeks following its earlier accomplishment in late September, the Huasun Himalaya G12-132 HJT solar module received certification from Germany headquartered TÜV SÜD, a third-party testing and certification institution. The Himalaya G12-132 module is constructed using double-sided microcrystalline G12-20BB HJT solar cells produced at Huasun’s Xuancheng Phase IV HJT Cell Project.

Plug Power, a U.S.-based hydrogen fuel cell company, recorded a net loss of $283.48 million during the third quarter of the financial year 2023, a year-over-year increase in losses by 66% from $170.76 million. Plug’s finances took a hit as the North American hydrogen supply faced unexpected challenges, causing delays in plan executions and service margin improvements. The company believes that this hydrogen supply obstacle is a temporary issue, particularly with the anticipation that the facilities in Georgia and Tennessee will operate at full capacity by the end of the year.

Global energy and petrochemicals company ExxonMobil Corporation initiated the lithium drilling process in southwest Arkansas, in the United States, which houses significant reserves of lithium, commonly used in electric vehicle (EV) batteries. By 2030, the company aims to be producing enough lithium to supply the manufacturing needs of well over a million EVs annually. Committed to becoming the leading lithium producer, the company will utilize direct lithium extraction technology to separate the mineral from the saltwater, which will then be converted to onsite battery-grade material.