Daily News Wrap-Up Exide to Invest ₹60 Billion in an Advanced Chemistry Cell Gigafactory

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

The Karnataka State Department of Industries and Commerce announced an investment of ₹60 billion (~$789.53 million) by Exide Industries to set up an advanced cell chemistry technology gigafactory in the state. As per the department, this will be one of the largest Gigafactories in the country. The land for it has been requested in Haraluru industrial area near the Bengaluru airport.

NTPC announced the commissioning of the first part capacity of 22 MW out of its 92 MW Kayamkulam floating solar project at Kayamkulam, Kerala. With this, the standalone installed and commercial capacity of NTPC has become 54 GW. Further, the group installed and commercial capacity of NTPC has become 68 GW and 67 GW, respectively.

Vedanta announced that it has signed a Power Delivery Agreement (PDA) with special purpose vehicles (SPVs), which are affiliates of Sterlite Power Technologies, to source 580 MW of renewable energy (RE) for its operations across India. Vedanta aims to partially replace existing captive thermal power capacities with renewable energy for smelting and associated operations and meet power requirements of capacity expansion at Vedanta Aluminium Limited‐ Jharsuguda, Balco, and Hindustan Zinc. The overall arrangement is to procure 580 MW of renewable power from where Sterlite Power and its affiliates are setting up a 1960 MW hybrid‐based renewable energy capacity to achieve this generation in a combination of solar, wind, and storage solutions.

Vestas, a wind and hybrid projects developer, secured a 54 MW order to power a renewable energy project in Maharashtra. The customer and project details were not disclosed. The agreement comprises of supply and installation of 15 V155-3.6 MW wind turbines. This is Vestas’ first order for the V155-3.6 MW wind turbine variant in India. Deliveries of the turbines are expected to begin in the third quarter of 2022, while commissioning is expected to begin in the last quarter of 2022.

TP Renewable Microgrid (TPRMG), a 100% subsidiary of Tata Power, and Usha Silai School, an initiative of Usha International, announced a partnership under which TPRMG will provide a clean, affordable, and quality power supply to electric sewing machines of Usha Centre through its solar microgrids. The initiative will benefit over 20 Usha Centers across 200 villages in Uttar Pradesh & Bihar States.