Here are some noteworthy cleantech announcements of the day from around the world:
Airports Authority of India (AAI) has inaugurated a 1 MW solar project at Rajahmundry airport in Rajamahendravaram, Andhra Pradesh, as a part of its green energy initiatives. The solar project is expected to generate around 4,000 units of power daily and 14 billion units of power annually while saving around ₹12 million (~$162,475) in power bills annually. The project will also help reduce 13,000 metric tons of carbon dioxide emissions.
EDF Renewables North America announced that the Space City solar project has signed off the first tranche of 55 MW (AC) solar capacity to BASF through a power purchase agreement (PPA). The project’s total capacity is up to 345 MW. The project, located in Wharton County, Texas, United States, is expected to commence construction in summer 2021 and begin delivering clean electricity in summer 2022.
ReneSola has secured 38 utility-scale solar projects with a capacity of 1 MW each in Poland. These projects are under Poland’s Contract for Difference regime and eligible for a 15-year guaranteed tariff. The company’s winning bid price averaged around $70/MWh, compared to the auction prices that ranged between $51/MWh and $73/MWh. The projects are expected to be connected to the grid within the next two years.
The US Congress has passed broad end-of-year legislation that provides a two-year extension of the solar Investment Tax Credit (ITC) and additional funding for research and development, including soft costs critical to distributed energy deployment. The legislation also supports access to federal lands for renewable energy projects. Under this legislation, the solar ITC will remain at 26% for projects that begin construction in 2021 and 2022, step down to 22% in 2023, and down to 10% in 2024 for commercial projects while the residential credit ends completely. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes.
Naturgy, a Spain-based electric utility, said that it would work together with Enagas to promote the largest hydrogen facility in Leon, Spain, to produce around 9,000 tons of renewable hydrogen annually. The green hydrogen will be produced from a 400 MW photovoltaic facility and an electrolyzer of up to 60 MW to cover local consumption, injection into the gas network, and enable future export to northwestern Europe.
Green Hydrogen Systems has obtained investments of around €28 million (~$34.20 million) to enable the company to meet the accelerating demand for electrolyzer capacity. The ongoing scale-up implies investment in larger facilities and a large organization with added resources and competencies along the full value chain of the company. A.P. Moller Holding will invest in Green Hydrogen Systems in the form of a convertible loan of €20 million (~$24.43 million). While Nordic Alpha Partners and Norlys Holding will invest €7 million (~$8.55 million) and €1 million (~$1.22 million) in the company, respectively.
Here is our previous daily news wrap-up.
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.