Daily News Wrap-Up_ Investor Map Launched for Investment in India's Opportunity Areas

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

Advanticsys has delivered its first wireless monitoring solution for a 4 MW floating solar facility in Andhra Pradesh. It became the first floating solar project with a full wireless mesh string monitoring solution proving that radio-frequency is a technology suitable for this kind of requirement. The general architecture includes one DM-108 bridge in each string monitoring boxes at the site, wirelessly connected to a master station on land where all data is logged and integrated into the plant SCADA.

The United Nations Development Program and Invest India have launched the SDG Investor Map for India, laying out 18 investment opportunity areas (IOAs) in six critical Sustainable Development Goals enabling sectors that can help India push forward sustainable development. Out of identified 18 IOAs, ten are already mature investable areas that have seen robust private equity and venture capital activity. The remaining eight IOAs are emerging opportunities, which have seen traction from early-stage investors. Nearly 50% of the shortlisted IOAs have historical investments that have yielded an internal rate of returns in access of 20%.

LONGi has supplied its Hi-MO 4 series modules for South Asia’s largest solar facility, Phase I of the Xuan Thein Ea Sup project in Dak Lak, Vietnam. Xuan Thien Group commissioned the 600 MWac/ 831 MW utility-scale solar project, which is expected to generate around 1.5 billion kWh energy annually.  The project’s construction started in April 2020, and LONGi signed an agreement to supply 273 MW of its modules to be used for the project.

SirajPower, a UAE-based distributed solar power provider, has collaborated with AI Ghurair Group to implement solar systems across their facilities in the United Arab Emirates. SirajPower has been appointed to design, construct, operate, and maintain a 1.8 MW solar rooftop system for Gulf Extrusions’ facility located at Jebel Ali in Dubai. The project covers 4,500 solar panels that will generate 3 GWh of clean energy while reducing 2,000 metric tons of carbon dioxide emissions annually.

Mitsubishi Heavy Industries (MHI) has agreed to make a capital investment in H2U Investments, the holding entity of the H2U Group. The agreement also includes MHI’s support for H2U’s project and business development initiative, including supporting the front-end engineering and design study for H2U’s Eyre Penisula Gateway project in South Australia. The project is expected to begin commercial production of green hydrogen and ammonia towards the end of 2022.

Tokyo Gas has joined the joint venture established by Shizen Energy and Northland Power to develop offshore wind projects in Chiba prefecture, Japan. In conjunction with this alliance, each of the partners will be a shareholder of Chiba Offshore Wind Corporation, the development vehicle for the project.

Scotland’s Port of Leith has enhanced its position in the offshore renewable market with a seven-figure privately funded investment at the port to bring to the market an additional 25 hectares of land linked to over 3 kilometers of deep water quaysides. Shipping and onshore economic activity boosted at Scotland’s capital port this year with its key role in supporting EDF Renewables’ and ESB’s major offshore wind farm Neart na Gaoithe at various stages of the project. The 450 MW project will supply enough power for around 375,000 homes while reducing 400,000 tons of carbon dioxide emissions annually.

GCK Motorsports, part of Green Corp Konnection, has unveiled its ambitious plans for hydrogen-power in motorsport as the answer to the industry’s quest to develop sustainable racing solutions. The company is committed to switching all their racing projects to green energy only, whatever the propulsion mode, hydrogen or fully electric powered. The company will be developing its hydrogen-powered solution to present a hydrogen-powered vehicle in January 2022, before being fully race-ready in 2023-24.

Maldives’s Ministry of Environment has signed a 5 MW solar project power purchase agreement with Thailand-based Ensys. The project is part of the World Bank’s Accelerating Sustainable Private Investment in Renewable Energy initiative. According to the ministry, the 5 MW bid recorded a low price of $0.109/unit of electricity sold to State Electric Company, one of the lowest prices for an island nation.

Here is our previous daily news wrap-up.