Here are some noteworthy cleantech announcements of the day from around the world:
Central Electricity Regulatory Commission (CERC) has adopted tariffs for 450 MW of grid-connected solar power projects selected through a competitive bidding process in the auction held by Rewa Ultra Mega Solar (RUMSL). NTPC Renewable Energy and Talettutayi Solar Projects Nine (SolarArise) won these projects in the auction on July 9, 2021. The tariff of ₹2.35 (~$0.031)/kWh for the 105 MW, ₹2.33 (~$0.030)/kWh for the 220 MW, and ₹2.339 (~$0.0314)/kWh for 125 MW was approved. The projects will be developed at the Shajapur Solar Park in Madhya Pradesh.
O2 Power, a renewable energy producer in India, and Powin, a design, manufacturing, and integration company for battery energy storage solutions, have signed a memorandum of understanding (MoU) to provide customized and competitive battery storage solutions for the Indian renewable energy market. As part of the agreement, Powin will supply O2 Power with its advanced Stacks product lines, including Centipede BESS hardware and StackOS software platforms. Powin will be responsible for delivering and commissioning the battery energy storage systems, while O2 Power will provide complete EPC services for developing projects.
Fisker, an electric vehicles manufacturer and advanced mobility solutions provider, established its India headquarters in the southern city of Hyderabad, Telangana State. Fisker Vigyan India, the company’s operating entity in Telangana, will focus on software development and embedded electronics, virtual vehicle development support functions, data analytics, and machine learning. The Hyderabad office will work alongside the Fisker engineering and product development facilities in California, USA.
Central Electricity Regulatory Commission (CERC) has approved the tariff adoption of ₹2.90 (~$0.038)/kWh for 400 MW of renewable power on a round-the-clock basis. ReNew Power won these projects in an auction held by the Solar Energy Corporation of India (SECI) in May 2020. To ensure round-the-clock supply of 400 MW of renewable power, ReNew Power is developing 900 MW of wind and 400 MW of solar projects. It has set a trading margin of ₹0.07 (~$0.0009)/kWh for SECI. However, if SECI fails to provide an escrow arrangement or irrevocable, unconditional, and revolving letter of credit to the wind generators, the trading margin will be limited to Rs. 0.02/kWh as specified in the Trading Licence Regulations.
Lhyfe, a green hydrogen production company, and Mitsui & Co, a Japanese trading and investment conglomerate, have entered a memorandum of understanding (MoU) for a strategic alliance. This partnership comes with a €10 million (~$10.861 million) investment from Mitsui in Lhyfe and seeks to collaborate for further growth of Lhyfe’s renewable green hydrogen business, including international expansion. Mitsui is the first international player to invest in Lhyfe.
Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,200 MW of wind power Projects (Tranche-X) connected to the inter-state transmission system and selected through a competitive bidding process. Adani Renewable Energy, Ayana Renewable Power, Evergreen Power, and JSW Future Energy had 1.2 GW of wind power projects in SECI’s auction held in March 2021. A tariff of ₹2.77 (~$0.0382)/kWh was approved for 300 MW and ₹2.78 (~$0.0383)/kWh for 900 MW of wind projects.