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Here are some noteworthy cleantech announcements of the day from around the world:
NTPC announced the successful commissioning of the first capacity of 150 MW out of 300 MW Shambu ki Burj-2 solar photovoltaic power project at Bikaner, Rajasthan. The standalone installed and commercial capacity of NTPC after this commissioning now stands at 57.64 GW, while the group installed and commercial capacity of NTPC is at 70.23 GW.
KPI Green Energy announced that it has received an order to execute a solar power project of 1.4 MW capacity from M.S. Synthetics. The project will be executed under the company’s Captive Power Producer (CPP) segment. KPI Green Energy also announced that it had crossed the 200MW+ mark in a cumulative consolidated solar power project capacity. The cumulative capacity comprises 100MW+ of their power generation portfolio under the Independent Power Producer (IPP) segment and 100MW+ under the company’s CPP segment. From the 165 MW cumulative capacity of both segments at the end of the first quarter, the company increased its CPP capacity by about 38 MW during the second quarter of the financial year 2023 to reach more than 200MW.
Essar Oil UK announced it had signed a ‘Heads of Terms’ offtake agreement with Vertex Hydrogen to supply 280 MW+ of Hydrogen. The hydrogen will then be used to help decarbonize Essar’s existing production facilities, including the new hydrogen-powered furnace delivered in August this year. Vertex, a joint venture between Essar and Progressive Energy, is developing the first large-scale, low-carbon hydrogen production hub in the UK as part of the HyNet Consortium. In its initial phases, it would produce 1GW of hydrogen, the equivalent energy use of a large UK city like Liverpool, and capture some 1.8 million tons of carbon per annum.
Nuveen Infrastructure’s Glennmont Partners, a clean energy infrastructure manager, announced its energy transition enhanced credit II strategy. This is Glennmont’s second vintage energy transition credit strategy, focused on investment in renewable energy and sustainable infrastructure assets, and has raised €250 million (~$243.39 million). The vast growth in investment opportunities is a tailwind for this strategy as the market for energy transition infrastructure surpasses €5.5 trillion (~$5.35 trillion) of addressable market size. It will draw on the experience of Glennmont’s original €200 million (~$194.79 million) energy transition credit strategy, which has exposure to over 150 renewable energy loans and has consistently delivered value for investors.
Vattenfall announced that it has obtained the right to develop the N-7.2 offshore wind power project off the German North Sea coast after exercising its right of entry. The project is expected to generate fossil-free electricity corresponding to the consumption of more than one million German households. As part of the tender process for constructing a large wind farm off the German island of Borkum on the German North Sea coast, Vattenfall has informed German authority that it is exercising the right of entry to the project, thereby obtaining the right to develop and construct the wind farm. Following a final investment decision by Vattenfall, the wind farm could be connected to the German electricity grid sometime in 2027. Fully developed, it would have an output of 980 MW with annual generation corresponding to the consumption of more than one million German households.
Tata Motors announced the launch of Tiago.ev, its new addition to the company’s electric vehicle fleet in the hatch segment. The Tiago.ev would be available at introductory prices starting at ₹849,000 (~$10,389) for the first 10,000 customers, of which 2000 will be reserved for the current owners of Nexon EV and Tigor EV. The bookings are expected to start on October 10, 2022, and the deliveries are scheduled to commence from January 2023. The vehicle comes with multiple combinations of IP67-rated battery packs (water and dust resistant) and charging options, including a 24-kWh battery pack, delivering a Modified Indian Driving Cycle (MIDC) range of 315 km and a 19.2 kWh battery pack for short and frequent trips, delivering an estimated MIDC range of 250 km. The battery and motor also come with eight years or 160,000 km warranty.