Adani Green Energy Limited (AGEL) has completed the redemption of USD 750 million Holdco notes via a fully funded redemption reserve account. The notes supported AGEL’s rapid growth, with its capacity expanding from 3.5 GW to 11.2 GW over the past three years, achieving a 48% compounded annual growth rate.
ArcelorMittal Brazil has announced contracts to develop two solar energy projects with a combined capacity of 465 MW, covering 14% of its electricity needs. The first project, in partnership with Casa dos Ventos, involves a 200 MW solar power plant in Bahia. The second, in collaboration with Atlas Renewable Energy, is a 265 MW solar power plant in Minas Gerais. Both projects are pending regulatory approval.
Nala Renewables, a global power and renewable energy investment platform, has announced the acquisition of a 99.2 MW onshore wind project from OX2. This project, located in eastern Romania, is expected to begin construction in the third quarter of 2024. This acquisition marks Nala’s third transaction in Central and Eastern Europe (CEE) during 2024, reinforcing its focus on the region, where it has a portfolio exceeding 1.5 GW of renewable energy projects. The project will…
Borosil Renewables, a leading solar glass manufacturer in India, has called on the government to impose an anti-dumping duty on Chinese solar glass imports to safeguard domestic producers. Shreevar Kheruka, Vice Chairman of Borosil Renewables, alleged that Chinese companies are exporting solar glass to India at prices significantly below their production costs, harming Indian manufacturers. These glasses are crucial for solar panel production, which is vital for India’s renewable energy growth. Kheruka stated that Chinese…
Spain-based Grenergy Renovables plans to acquire a 1GW solar portfolio in Chile for $128 million from Repsol and Grupo Ibereolica Renovables. The deal includes a 77MW photovoltaic (PV) plant, 923MW of projects under development, and a 1GW operational interconnection facility. This acquisition will bolster the Oasis de Atacama solar-plus-storage project by adding two new phases, expanding it to a five-phase development across Chile’s Tarapaca, Antofagasta, and Atacama regions. The project’s battery storage capacity will increase…
NTPC‘s R&D division, NETRA, in collaboration with the Indian Institute of Petroleum (IIP) Dehradun, has developed an indigenous catalyst for converting CO2 into methanol. This catalyst, crucial for chemical synthesis, facilitates CO2 hydrogenation and is currently being tested in a 10 kg/day methanol pilot plant. In this process, 1 mole of CO2 and 3 moles of H2 are passed through a fixed-bed downflow reactor, producing methanol with over 99% purity. This initiative represents NTPC’s commitment…
Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology. Under this partnership, HPCL will act as the “Technology Licensor,” while EIL will be the exclusive “Technology & Engineering Partner,” responsible for engineering, marketing, and commercialising HP-PSA technology across India. The HP-PSA technology, developed by HPGRDC, has proven effective with a six-bed hydrogen PSA unit at…
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