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UK and Australia to launch Climate and Energy Partnership for clean energy transition

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The UK and Australia have announced a partnership to pursue their energy transition goals through the Australia-UK Climate and Energy Partnership. The partnership will focus on the development and deployment of renewable technologies such as green hydrogen and offshore wind.  UK Prime Minister Keir Starmer and Australian Prime Minister Anthony Albanese met on the sidelines of the Commonwealth Heads of Government Meeting in Apia, Samoa, where they underscored the role of private capital and government…

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Rajasthan unveils RIPS to boost renewable energy investments

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The Rajasthan government has introduced the Rajasthan Investment Promotion Scheme (RIPS) to enhance renewable energy investments, tapping into its potential of 24.22 GW in solar energy and 5.19 GW in wind energy. Under RIPS, enterprises investing in solar, wind, hybrid, and energy storage projects, including battery energy storage systems and biomass, receive various incentives. The scheme offers a 100 per cent subsidy on cross-subsidy and additional surcharges for renewable energy used in green hydrogen production…

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JSW Energy Q2 FY 2025 net profit at Rs 8.53 billion, revenue up 2% YoY

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JSW Energy reported a consolidated net profit of Rs 8.53 billion for the quarter ended September 2024 (Q2 FY 2025), slightly up from Rs 8.5 billion in the same period last year. The company’s total revenue for Q2 FY 2025 reached Rs 34.59 billion, marking a 2% year-on-year increase. Net generation for the quarter rose by 14% YoY to 9.8 billion units, driven by wind capacity additions and higher generation at thermal and hydro plants….

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HPCL issues tender for 5,000 tonnes of green hydrogen supply at Visakh Refinery

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Hindustan Petroleum Corporation (HPCL) has floated a tender seeking the supply of 5,000 tonnes (5 KTPA) of green hydrogen annually for its Visakh Refinery. The tender period is set for 25 years, with the bid submission deadline on January 21, 2025. The successful bidder will be responsible for selecting the project location, acquiring land, and constructing the Green Hydrogen Generation Unit (GHGU), which will comprise electrolysers, power systems, and purification units. 

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Rajesh Power Services files DRHP for IPO on BSE SME

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Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO).  The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders include Beena Panchal, Krunal Panchal, Nehal Panchal,…

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EIB grants €120 million loan to Iberdrola for energy innovation in Spain

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The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such as green hydrogen and heat…

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Lhyfe partners with KEYOU for hydrogen mobility in Germany

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Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to promote hydrogen mobility in Germany and Europe.  Lhyfe is constructing a green hydrogen production plant in Schwäbisch Gmünd, near Stuttgart, scheduled to be operational by year-end.  The plant will produce up to 4 tonnes of green hydrogen daily, powered by a 10 MW renewable energy capacity secured through a 15-year corporate PPA with EDP Renewables. KEYOU plans to deploy up to 100 hydrogen-powered vehicles…

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Bidding process underway for ISTS schemes to power green hydrogen

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The National Committee on Transmission (NCT) has approved three Interstate Transmission System (ISTS) schemes to support upcoming green hydrogen and ammonia manufacturing units in Gujarat (Kandla and Mundra) and Tamil Nadu (Tuticorin). These schemes, with an estimated total outlay of Rs 82 billion, are now open for bids, with technical bids expected to open by December 2024. Gujarat Schemes: Kandla Scheme: This project, designed to meet a projected demand of 1,690 MW by FY28 from…

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Ohmium partners with SwitcH2 for offshore green hydrogen and ammonia project

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Ohmium International has signed a term sheet with SwitcH2 BV, a renewable energy joint venture involving BW Offshore, to develop PEM electrolyser systems for a 300 MW offshore floating green hydrogen and ammonia synthesis project. The agreement involves the supply of 300 MW PEM electrolyser solutions, which will be installed on SwitcH2’s 268-meter FPSO vessel. The electrolysers will harness solar and wind energy, combined with treated seawater, to produce green hydrogen. This hydrogen will feed…

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PFC issues bids for 6 GW transmission systems for green hydrogen and ammonia projects

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PFC Consulting has invited bids to establish transmission systems for evacuating 6 GW of power to support green hydrogen and ammonia manufacturing projects in Kandla and Mundra, Gujarat. The projects will be executed on a build, own, operate, and transfer (BOOT) basis, encompassing surveys, detailed project reports, financing, project management, permit acquisition, land compensation, design, engineering, procurement, construction, testing, and commissioning. For the Kandla Transmission Project (Phase 1), bids must be submitted by December 17,…