Why Green Hydrogen Struggles to Find Buyers

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Green hydrogen has emerged as a promising solution for achieving deep decarbonization across various industries. Despite its potential, the market for green hydrogen remains relatively underdeveloped, with only a handful of buyers actively committing to its use. This hesitancy can be traced back to several interconnected challenges, including high production costs, inadequate infrastructure, and uncertain regulatory environments. Here’s a detailed analysis of these barriers and their impact on the green hydrogen market. The High Cost…

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ABB surpasses 10 GW milestone in automation solutions for India’s renewable energy plants

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ABB has reached a significant milestone, delivering automation solutions for over 10 GW of renewable energy projects across India. Starting with a 100 MW project seven years ago, ABB’s IoT-based PLC (Programmable Logic Controller) solution has now been implemented in over 300 renewable energy projects nationwide. ABB’s PLC-based SCADA (Supervisory Control and Data Acquisition) system enables real-time data analysis and optimal plant operation, allowing operators to monitor and manage plant parameters effectively. Part of ABB’s…

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Genus Power subsidiary secures Rs 3,608.52 million smart metering orders

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A wholly-owned subsidiary of Genus Power Infrastructures Ltd has received three orders totaling Rs 3,608.52 million for advanced metering infrastructure services (AMISPs). The contracts involve the design, supply, installation, and commissioning of approximately 4.26 million smart prepaid meters and system meters, including DT Meters, with energy accounting on a DBFOOT basis. Genus Power operates manufacturing plants in Jaipur, Haridwar, and Guwahati, with a combined annual capacity of over 10 million meters. With these new orders,…

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SJVN posts 31.4% rise in Q1 net profit to Rs 3,570.9 million

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SJVN Limited reported a net profit of Rs 3,570.9 million for the quarter ending June 2024, marking a 31.4% increase from Rs 2,717.5 million in the same quarter last year. The company’s total income for the quarter rose by 28.8% to Rs 9,584.7 million, up from Rs 7,443.9 million in the corresponding period of the previous year.

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ACWA signs PPA for 60 MW Saguling floating solar project in Indonesia

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ACWA Power has signed a power purchase agreement (PPA) with PT Perusahaan Listrik Negara (PLN) for the 60 MW Saguling floating solar photovoltaic (PV) project in Indonesia. This project is part of PLN’s strategy to increase the share of renewables to 23% by 2025. The Saguling project, along with the Singkarak floating solar PV project, represents a combined investment of USD 105 million.

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Origin Energy cancels 204 MW of solar projects due to low expected returns

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Origin Energy has canceled its 74 MW Carisbrook and 130 MW Morgan solar projects, citing anticipated low returns on investment. The decision was revealed in the company’s recent sustainability report, where Origin stated that unfavorable conditions led to the scrapping of these developments. Despite these cancellations, Origin continues to pursue other large-scale renewable energy projects, including the Sailsbury Solar Farm, Dapper Solar Farm, and the Yanco and Yarrabee solar projects. The company remains committed to…

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Australia must invest AUD 3.56 trillion to decarbonize power sector by 2030, says BNEF

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New modeling from BloombergNEF (BNEF) reveals that Australia needs to rapidly decarbonize its power sector to meet its 2050 net-zero goal, requiring an investment of AUD 3.56 trillion ($2.4 trillion) by 2030 and a 135% increase in renewable energy capacity to over 126 GW. BNEF’s New Energy Outlook report emphasizes the urgent need to transform Australia’s energy mix, phasing out all unabated coal and nearly all unabated gas generation by 2035. The country will need…

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Engie secures financing for 250 MW solar project in Victoria, Australia

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Engie has finalized financing for a 250 MW solar power plant at Goorambat East in Victoria, Australia. The project, initially approved in 2019 and acquired by Engie in 2023, will power approximately 105,000 homes when it begins operations in 2026. Located near Goorambat and Benalla, the project will create around 250 local jobs during construction. Engie has partnered with Bouygues Construction Australia and Equans Solar & Storage for the project’s development. The company also committed…

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Sveaskog, Alight partner to develop 2GW of solar energy in Sweden

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Swedish state forest owner Sveaskog has teamed up with solar developer Alight to build 2 GW of solar energy capacity by 2029. The partnership will utilize Sveaskog’s vast land holdings to help address Sweden’s electricity deficit, particularly in the SE3 and SE4 regions, which are currently experiencing shortages. The first phase involves two solar parks: a 150-hectare site in central Sweden and a 70-hectare site in the south. Alight will handle development, construction, and co-ownership,…