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Sustainiam to generate carbon credits for 400 MW renewable assets of Brookfield Asset Management

India, News

Sustainiam announced it has onboarded 400 MW of renewable assets from Brookfield Asset Management as part of a 5-year agreement aimed at generating and trading carbon credits. The renewable assets include 50 wind projects across states such as Gujarat, Tamil Nadu, Karnataka, and Rajasthan. Sustainiam will evaluate the green energy practices at these assets to generate carbon credits and International Renewable Energy Certificates (I-REC). Additionally, Sustainiam will facilitate Brookfield in trading these credits through its…

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Cabinet approves two green hydrogen units in Mumbai Metropolitan Region

India, News

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,…

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Kerala’s Green Hydrogen Valley to be set up with Rs 185.42 billion investment

India, News

The Kochi Green Hydrogen Valley project in Kerala is set to transform the state’s energy landscape with a total estimated investment of Rs 185.42 billion. The project allocates Rs 41.66 billion for the development of electrolyzer and ammonia plants, while Rs 126.87 billion will be directed toward renewable energy expansion. The project will be implemented in three phases: Phase I (2024-25) will focus on developing green hydrogen clusters and renewable energy for industrial electrification; Phase…

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GUVNL announces green financing fund for renewable energy projects

India, News

Gujarat Urja Vikas Nigam Ltd (GUVNL) has launched a green financing fund in partnership with sovereign wealth funds, green funds, and multilateral agencies, as announced at the 4th Global Renewable Energy Investors Meet and Expo (RE-INVEST). The fund will provide direct financial resources to developers winning GUVNL’s renewable energy bids. This initiative follows a roundtable on ‘Climate Finance Opportunities for Gujarat,’ chaired by Kanubhai Desai, Gujarat’s Minister of Finance, Energy, and Petrochemicals, who emphasized the…

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Uttar Pradesh secures Rs 1.15 trillion in green hydrogen investments

India, News

Uttar Pradesh has attracted private investment proposals totaling nearly Rs 1.15 trillion in the green hydrogen sector, as part of its efforts to bolster the state’s clean energy roadmap. Seventeen companies have submitted proposals, which are expected to create 20,000 jobs. Among the key investors, UK-based Trafalgar Square Capital plans to set up a 10,000-tonnes-per-annum green hydrogen production facility near Lucknow. Textile giant Welspun Group is investing Rs 400 billion in a green hydrogen or…

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Amazon, Global Optimism, and partners launch network of EV charging stations in Bengaluru

India, News

Amazon and Global Optimism, co-founders of The Climate Pledge, have announced a joint initiative, JOULE (Joint Operation Unifying Last-mile Electrification), to build a shared network of electric vehicle (EV) charging stations in Bengaluru. The project, supported by Pledge signatories like Mahindra Logistics, HCLTech, Greenko, and Deloitte, along with partners Kazam and Magenta Mobility, will see a collective investment of over USD 2.65 billion by 2030. The project aims to power 5,500 EVs by 2030, with…

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AM/NS India launches Rs 10 billion steel line for solar panel manufacturers

India, News

ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new steel line for the automotive sector by…

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Three companies partner for 3 MW green hydrogen plant in Finland

Global, News

Finnish energy company Helen Oy has teamed up with MAN Energy Solutions and H-TEC SYSTEMS to build a 3 MW green hydrogen production plant near Helsinki’s district heating network and Vuosaari Harbour. The plant will produce up to 1,350kg of green hydrogen daily, using renewable energy from Helen’s portfolio. MAN Energy Solutions will handle engineering, procurement, and construction, while H-TEC SYSTEMS will provide three proton exchange membrane (PEM) electrolysers. Green hydrogen, created by splitting water…

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JSW commissions 300 MW wind power plant in Tamil Nadu

India, News

JSW Renew Energy Two, a subsidiary of JSW Energy, has commissioned the 300 MW wind power plant at Tuticorin, Tamil Nadu. The inter-state transmission system (ISTS) project, awarded by the Solar Energy Corporation of India (SECI) under Tranche-X, is the company’s first greenfield wind power plant for SECI. An additional 150 MW of wind capacity under SECI Tranche-X, located at Dharapuram, is also nearing completion, with 138 MW already operational. With this, JSW Energy’s total…

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Jindal Steel, JRPL signs MoU for green hydrogen investment in steel manufacturing

India, News

Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a memorandum of understanding (MoU) for India’s largest green hydrogen initiative by a steel manufacturer. The MoU focuses on integrating green hydrogen into JSPL’s direct reduced iron (DRI) units at Angul, Odisha. In the first phase, JRPL will develop a green hydrogen generation capacity of up to 4,500 tonnes per annum (tpa) by December 2025, along with the supply of 36,000 tpa of…