Similar Posts
PFCCL transfers four SPVs to PGCIL and Adani Energy
On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects were handed over to Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL), with each developer receiving two projects. The SPVs, previously incorporated as PFCCL subsidiaries, were transferred as follows: South Olpad Transmission Ltd (incorporated January 19, 2024), handling…
Natron to build $1.4 billion sodium-ion battery gigafactory in North Carolina
Natron Energy has announced plans to build the first sodium-ion battery gigafactory in North Carolina, marking a $1.4 billion investment. The facility will be located on a 437-acre site at the Kingsboro megasite in Edgecombe County and will span approximately 1.2 million square feet. The gigafactory is set to produce 24 gigawatts (GW) of sodium-ion batteries annually, significantly expanding Natron Energy’s current production capacity by 40 times. The batteries, noted for being the only UL-listed…
Yara inaugurates ammonia import terminal in Germany
Yara International has inaugurated its new ammonia import terminal in Brunsbüttel, Germany, strategically located at the junction of the North Sea and Kiel Canal. The terminal will have the capacity to import up to three million tonnes of low-emission ammonia annually. This project aligns with Yara’s strategy to enhance its nitrogen business while contributing to Germany’s hydrogen strategy by providing essential infrastructure for large-scale ammonia imports. In addition to this project, Yara continues its global…
Cabinet approves two green hydrogen units in Mumbai Metropolitan Region
The State Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a production capacity ranging from 10 to 15 kilo tonne per annum (KTPA). These units will be selected as anchor projects, in line with the 2023 Government Resolution, which defines an anchor unit as one of the first three commissioned green hydrogen projects with a minimum capacity of 50 KTPA. Green hydrogen has versatile applications,…
PFC secures JPY 25.5 billion loan from JBIC for wind energy project in Karnataka
Power Finance Corporation (PFC) has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC) under its ‘Global Action for Reconciling Economic Growth and Environmental Preservation’ (“GREEN”) initiative. The loan, co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks, will support a 300.3 MW wind energy project by Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India. JBIC will also provide a guarantee for the portion of the…
MOS Utility to enter solar business with new Memorandum of Association clause
Fintech firm MOS Utility’s board has proposed a foray into the solar business, approving the alteration of the object clause in its Memorandum of Association. The new clause will enable MOS Utility to manufacture, assemble, purchase, import, and export various solar products, including PV modules, cells, batteries, energy storage devices, and related equipment and accessories. This strategic move aims to tap into growth opportunities within the solar market, aligning with global sustainability trends. The company…