Daily News Wrap-Up Engie Commissions 60 MW of Solar Projects in Senegal

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

ENGIE, Meridiam, and FONSIS have announced the commissioning of two photovoltaic projects in Senegal with a total production capacity of 60 MW. Located in the regions of Kaolack and Diourbel, the projects – Kahone Solaire SA (35MW) and Kael Solaire SA (25MW) – are part of the Scaling Solar initiative in Senegal. The initiative is jointly led by the Senegalese authorities and the International Finance Corporation, which aims to promote investment in solar energy. These are the first electricity generation projects by private operators to be tendered in Senegal and are aimed at contributing to the country’s ambitious goal of increasing the share of renewable energy in its energy mix to 30%. The project company managing the concession over 25 years is held by Meridiam (40%), ENGIE (40%), and FONSIS (20%), the Senegalese sovereign wealth fund.

Taiwanese electronics major Foxconn and Thai state-owned oil and gas company PTT have signed a memorandum of understanding to collaborate in setting up a platform for producing electric vehicles. The end-to-end production platform will provide hardware and software services to automobile players in Thailand looking to accelerate production and sales across the ASEAN region. Automobile players who wish to assemble electric vehicles will be able to access the entire value chain of services offered by a newly formed joint venture.

Danish catalysis company Haldor Topsoe has set up a green hydrogen entity to support its electrolysis business, including the development of high-performance electrolysis technology, sales, and partnerships. The unit will leverage Topsoe’s insights into solid oxide electrolysis, producing up to 30% more green hydrogen from the same amount of renewable power than from the standard technologies available.

Green Hydrogen Systems has announced its intention to launch an initial public offering (IPO) and to apply to be admitted to trading and official listing on Nasdaq, Copenhagen. The IPO is expected to further investments to speed up electrolyzer production. The contemplated IPO could include an offering of new shares to be issued by the company to raise proceeds of around DKK1 billion (~$164.13 million) plus customary greenshoe, which will support Green Hydrogen Systems’ expansion plans.

Green infrastructure developer Cerulean Winds plans to accelerate the decarbonization of oil and gas assets through an integrated 200-turbine floating wind and hydrogen project. The £10 billion (~$14.19 billion) proposed green infrastructure project would have the capacity to lessen 20 million tons of CO2 through the simultaneous North Sea projects West of Shetland and in the Central North Sea. The proposed development involves 200 turbines with 3 GW per hour of capacity, feeding power to the offshore facilities and excess 1.5 GW per hour power to onshore green hydrogen plants. The venture is now calling on the U.K. and Scottish governments to make a case for the economy and the environment.