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Cadiz and RIC Energy to develop green hydrogen facility in California
Cadiz has partnered with RIC Energy to build a green hydrogen facility at Cadiz Ranch in California’s Mojave Desert, where Cadiz will supply land and water resources to support RIC Energy’s solar-powered hydrogen production. The facility aims to generate 100% green hydrogen, targeting distribution across Southern California for zero-emission vehicles and power generation. The project plans to operate entirely off-grid, with photovoltaic (PV) solar installations covering up to 3,000 acres of Cadiz Ranch land. At…
Ambuja Cements joins Global Decarbonization Alliance, plans Rs 100 billion investment in renewable energy
Ambuja Cements Limited, a key player in the Adani Group portfolio, has joined the Alliance for Industry Decarbonization (AFID), becoming the first cement manufacturer globally to participate in this initiative. AFID is a global platform that fosters collaboration among industries to accelerate the transition to Net Zero, in alignment with the Paris Agreement. Ambuja’s inclusion in this alliance enables the company to exchange insights and experiences with other energy-intensive sectors. Ambuja Cements, which aims to…
Denmark delays North Sea Energy Island project due to rising costs
Denmark has announced a delay of at least three years in constructing its North Sea Energy Island, citing rising costs and high interest rates. The artificial island is intended to serve as a hub for collecting and distributing electricity from offshore wind turbines, aiming to supply around three million European households with renewable energy. Danish Energy Minister Lars Aagaard stated that the investment cost for the energy island now exceeds DKr200 billion ($29.81 billion) and…
JSW Renew, NTPC sign PPA for 700 MW solar project
JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026. This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW,…
Solex Energy reports 194% revenue growth
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Zelestra signs 25-year deal to supply electricity from 450 MW solar project in Rajasthan to NTPC
Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with state-owned NTPC to supply electricity from its upcoming 450 MW solar project in Rajasthan. The project is expected to generate approximately 801 GWh annually. Over the course of the agreement, the project is projected to reduce carbon emissions by 13,555,774 metric tons. This solar project is part of Zelestra India’s broader strategy to build a diverse portfolio of over 6 GW…