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SK Innovation and SK E&S merge to form largest private energy company in Asia-Pacific
SK Innovation and SK E&S, two subsidiaries of the Korean conglomerate SK Group, have agreed to merge, creating the largest private energy company in the Asia-Pacific region. This strategic move by SK Group aims to establish a solid foundation for future growth in its energy businesses. The merger, set to be finalized on 1 November 2024, will integrate SK Innovation’s oil and battery operations with SK E&S’s liquefied natural gas (LNG) and renewable energy businesses….
Just Climate to invest Rs 12.56 billion in Continuum Green Energy for wind-solar hybrid projects in India
Continuum Green Energy, a leading renewable energy group in India focused on commercial and industrial consumers, has entered into a definitive agreement with Just Climate, a specialist investment firm. Just Climate will invest Rs 12.56 billion (approximately USD 150 million) in new equity to support Continuum’s deployment of wind-solar hybrid energy generation and storage projects across India. This investment is part of Just Climate’s Climate Asset Fund I, which targets industrial climate solutions in the…
Seaspan to manufacture SMR components for Westinghouse
Westinghouse Electric has signed a memorandum of understanding (MoU) with Seaspan to produce essential components for its AP1000 and AP300 small modular reactors (SMRs). This partnership will support nuclear new-build projects in Canada and globally, including the manufacturing of components like pipe spools and steel structures. Seaspan’s expertise in large-scale custom fabrication positions the company to enter the nuclear sector. For each AP1000 unit built outside Canada, Westinghouse estimates a contribution of nearly C$1 billion…
Italian researchers develop novel method to recover silver from end-of-life solar cells
Researchers from Italy’s University of Camerino have developed a new method to recover silver from end-of-life solar cells, achieving an impressive recovery efficiency of 98%. This novel approach combines hydrometallurgical and electrochemical processes, which use aqueous solutions and electric currents, respectively, to extract and recover metals. Traditional metal extraction, such as open-pit mining, can cause significant environmental damage. In contrast, metal recovery from industrial waste can reduce environmental impact and lower energy consumption, offering a…
Adani Green forms JV with TotalEnergies for Gujarat solar projects
Adani Green Energy Ltd (AGEL) has completed a 50:50 joint venture (JV) with TotalEnergies. As part of this JV, TotalEnergies has invested USD 444 million to acquire a 50 per cent stake in AGEL’s solar projects at the world’s largest renewable energy plant in Khavda, Gujarat. The agreement was signed with TotalEnergies Renewables Singapore and Adani Renewable Energy Sixty Four (ARE64L). AGEL and TotalEnergies now hold an equal 50:50 stake in ARE64L, which houses a…
Surana Solar wins 54 MW solar project in Maharashtra
Surana Solar Limited has been awarded a letter of award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 54 MW solar photovoltaic project in Maharashtra. The project falls under the Mukhyamantri Saur Krushi Vahini Yojna 2.0, which aims to implement solar energy at the feeder level under Component C of the PM-KUSUM Scheme. The project will operate at a tariff rate of Rs 2.99 per kWh, with a subsidy of…