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Fraunhofer ISE and Soltec develop advanced micro-CPV solar tracker
Fraunhofer Institute for Solar Energy Systems ISE and Soltec are partnering to develop a prototype two-axis tracker for Fraunhofer ISE’s latest micro-Concentrator photovoltaics (CPV) technology, with installation planned in Spain by the end of 2024. Soltec, specialising in solar trackers for large-scale projects, and Fraunhofer ISE, known for its III-V and concentrator photovoltaics research, aim to enhance CPV technology. Fraunhofer’s micro-CPV modules achieve a 36% conversion efficiency, yielding 30% more energy than conventional PV solutions….
Gensol emerges as L1 bidder for green hydrogen project in Uttar Pradesh
Gensol Engineering has been declared the lowest bidder (L1) for a green hydrogen project in Uttar Pradesh, with a bid value of Rs 1.64 billion. The tender, floated by NTPC, involves the generation of green hydrogen using plasma gasification technology from municipal solid waste (MSW) and refuse-derived fuel (RDF) or agricultural waste. The project will be executed at NTPC’s Netra facility in Greater Noida.
Sumitomo acquires stake in EEW Offshore Wind Holding
Japan’s Sumitomo Corporation has acquired an equity stake in EEW Offshore Wind Holding, a move aimed at enhancing its monopile manufacturing capabilities for the offshore wind sector. This strategic partnership leverages Sumitomo’s expertise in the international steel market and EEW’s specialization in offshore wind energy infrastructure. Sumitomo’s General Manager of Steel Products SBU, Takuro Horikoshi, emphasized the alignment of this investment with the company’s commitment to green transformation and the global shift to renewable energy….
GTRI: local carbon tax won’t ease EU carbon border adjustment impact on Indian exports
The European Union’s (EU’s) suggestion that India impose a local carbon tax to avoid the EU’s Carbon Border Adjustment Mechanism (CBAM) will not significantly benefit Indian exporters, according to the Global Trade Research Initiative (GTRI). Even with a local tax, Indian firms would still owe the EU USD 51.3 per tonne of CO2 under CBAM, starting January 2026. While the global average carbon price is around USD 6 per tonne of CO2, India’s potential carbon…
Hygenco and REC sign $280 million MoU for green ammonia project in Odisha
Hygenco Green Energies and REC Limited have signed a Memorandum of Understanding (MoU) at the 4th Global Renewable Energy Investors Meet in Gandhinagar, Gujarat, to finance Hygenco’s green ammonia project in Gopalpur, Odisha. Under the agreement, REC will invest $280 million in the project. Hygenco plans to expand its investments in India, with $2.5 billion earmarked for green hydrogen and green ammonia projects in the coming years. In recent developments, Hygenco has signed MoUs with…
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,…