Daily News Wrap-Up: Adani Green Commissions 450 MW Wind-Solar Hybrid Project in Rajasthan

Listen to this article

Here are some noteworthy cleantech announcements of the day from around the world

The hybrid power generation capacity of Adani Green Energy Limited (AGEL) reached 1,440 MW, with the company commissioning its third wind-solar hybrid power plant of 450 MW in Jaisalmer, Rajasthan. The renewable arm of Adani Group has signed power purchase agreements with the Solar Energy Corporation of India (SECI) at a tariff of ₹2.67 (~$0.032)/ kWh for 25 years. With the commissioning of the 450 MW project, AGEL’s cumulative operational generation capacity reached ~7.17 GW making it the world’s largest wind-solar hybrid project developer.

JSW Renew Energy Two, a step-down subsidiary of JSW Energy, commenced phase-wise commissioning of its 450 MW interstate transmission system (ISTS)-connected wind power project, awarded by SECI under Tranche X at Tuticorin in Tamil Nadu. JSW has inked a power purchase agreement with SECI for 25 years for the project. The company is also constructing 1.8 GW of greenfield renewable energy targeting a capacity of 10 GW by 2025 and 20 GW by 2030.

Delhi-based Greenzo Energy India said it would set up an electrolyzer manufacturing plant and a balance of plant (BOP) as part of the Gujarat Industrial Development Corporation to generate green hydrogen in the Sanand-II Industrial Estate of Gujarat. The company said it had received an investment commitment of ~$1 million (~$12.233.7) from the Real Time Accelerator Fund to build the plant.

Energy provider Octopus Energy’s match-making platform for wind energy Winder has identified 2.3 GW of potential new British onshore wind energy, which can unleash fresh homegrown cheap electricity for 1.85 million homes. Winder is the company’s solution to accelerate the production of new wind turbines. The platform helps match the available land with community support, grid capacity, and wind data. The discovery will help Octopus unlock £3.4bn (~$4.1 billion) of investments while creating more green jobs.

The European Investment Bank (EIB) and Raiffeisenlandesbank Niederösterreich-Wien will structure a framework loan of up to €100 million (~$105.8 million) to support the creation of a credit portfolio of up to €200 million (~$211.6 million) to finance renewable energy projects in Austria. RLB NÖ-Wien is a regional and commercial bank in the east of Austria focusing on developing and preserving long-term, sustainable customer relations.

Industrial and automotive battery major Amara Raja Batteries signed a memorandum of understanding with the Telangana government to set up a state-of-the-art research and manufacturing facility for lithium-ion battery-making in the state. The facility will have a lithium cell gigafactory with up to 16 GWh capacity and a battery pack assembly unit of up to 5GWh. Amara Raja said it intends to invest $1.16 billion in the state over the next ten years.