Here are some noteworthy cleantech announcement of the day from around the world:
Austria’s ANDRITZ has received a contract from GreenKo Energy to supply electromechanical equipment for a 1.2 GW Pinapuram pumped-storage project. The contract includes the design, manufacturing, supply, transportation, testing, and commissioning of four 240 MW units, two 120 MW reversible pump units, main inlet valves, and associated auxiliaries. The project, located in Kurnool, Andhra Pradesh, will be the largest pumped-storage project in India. The first unit of the project is expected to be commissioned by 2023.
Siemens Gamesa has secured a series of orders for eight new wind projects in Pakistan with a total capacity of 410 MW during the 2020 fiscal year. Siemens Gamesa will supply, install, and commission a total of 205 units of Siemens Gamesa 2.X turbines for eight projects with a cumulative capacity of 410 MW. The construction of two wind projects has started already, and the commissioning of both projects is expected in November 2020 and February 2021, respectively. When fully operational at the end of 2021, these eight wind projects will generate enough energy to satisfy the electricity needs of 600,000 households in the country.
Magenta EV Solutions and eMatrixmile India Private Limited have signed a memorandum of understanding to install around 10,000 electric vehicle (EV) charging stations across Maharashtra. The installation and commissioning of the “QYK POD” charging stations, along with all associated infrastructure, will start in Mumbai, the Mumbai Metropolitan Region (MMR), and across the state of Maharashtra.
The European Investment Bank said that it provided a €47 million (~$55.42 million) to a Swedish battery tech company Nilar International AB. The financing is supported by the InnovFin Energy Demonstration Projects of the European Union Commission, funded by the Horizon 2020 budget. The loan will support the expansion and upgrading of Nilar’s Nickel Metal Hydride battery manufacturing lines at its facility in Gävle over the coming years and boost its research and development in order to demonstrate the commercial viability of the technology.
FIMER, a solar inverter manufacturer, has installed its 58 2 MVA central inverter to power the solar project in Rewa, Madhya Pradesh. The 750 MW Rewa Ultra Mega solar project is expected to reduce 1.5 million tons of carbon dioxide emissions annually. The project consists of three solar generating units with a capacity of 250 MW each. FIMER supplied 188 MW out of 750 MW through Mahindra Susten for Mahindra Renewables.
Romeo Power Technology has entered into a definitive merger agreement with RMG Acquisition Corporation for a business combination that would result in Romeo Power becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Romeo Power Corporation and is expected to remain listed on the New York Stock Exchange. The business combination values Romeo Power at approximately $1.33 billion pro forma equity value. The transaction is expected to be completed in the fourth quarter of 2020. The company raised around $384 million through business combination, including a $150 million PIPE anchored by institutional investors The Heritage Group and Republic services.
The McGowan Government has unveiled its plans to develop a 100 MW battery to enhance Western Australia’s power system. The government, through Synergy, is exploring the opportunity for the development of the project. The battery will be located at Synergy’s Kwinana power station. The 100 MW battery will have the capacity to power 160,000 homes for two hours. The battery will support the integration of more renewable energy and improve grid security. The project secured $15 million of Commonwealth funding.
Australia and Germany have signed an agreement to explore the feasibility of developing a hydrogen supply chain to export the hydrogen from Australia to Europe. The agreement could offer Germany a pathway to achieve its emission reduction target by 55% on 1990 levels by 2030, as a long-term goal of net-zero emission by 2050. Announcing the agreement with Germany, Trade Minister Simon Birmingham said partnership like this would be critical to developing Australia’s future as a leading clean energy exporter.
Nextracker, a Flex company, said that its solar tracker technology NX Horizon had been selected for Australia’s largest solar project, a 460 MW installations in Queensland’s Western Downs. The company is expected to begin the installation of trackers on Western Downs Green Power Hub in 2021. CleanCo has secured 80% of the project under one of the country’s most substantial power purchase agreements to date. The project will help CleanCo reach its target of 1 GW of newly installed renewable energy by 2025 and further the state’s broader target of 50% renewable electricity by 2030.
Here is our previous news wrap-up.