Here are some noteworthy cleantech announcements of the day from around the world:
Repsol, a Madrid-based energy and petrochemical company, has commenced generating electricity from Valdesolar, its largest photovoltaic solar farm in Spain. With a total installed capacity of 264 MW, it is located in Valdecaballeros, Badajoz. Valdesolar presently has 264 MW of installed capacity, with 648,000 solar modules spread across five large areas. The project costing €200 million (~$236 million) is expected to be fully operational by the end of the year and reduce 211,564 tons in CO2 emissions annually.
Hitachi ABB Power Grids has commissioned ultra-high voltage direct current transmission links for Power Grid Corporation of India Limited. The +/-800 kV, 6,000 MW link can meet the electricity needs of more than 80 million people. The link stretches 1,800 km to connect Raigarh in Central India to Pugalur in Tamil Nadu. The program supports the Indian government’s mission and the United Nations Sustainable Development Goal of expanding access to affordable, reliable, and sustainable energy for all.
Tata Power has pledged to set emission reduction targets in alignment with the Science-Based Targets initiative (SBTi), an initiative that drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets in partnership with other entities. Through the drive, Tata Power plans to drive the transition to decarbonized energy models, aiding the global climate action agenda. To achieve the emission reduction targets, the firm is moving to a green energy portfolio and exploring and adopting technology-based solutions.
Independent power producer Sturdee Energy has signed two power purchase agreements with the Botswana Power Corporation for Botswana’s first two solar power projects. Located in Bobonong and Shakawe, the solar projects will have installed capacities of 3 MW and 1 MW, respectively. As part of the pact, Sturdee Energy will sell clean energy to Botswana Power Corporation for 25 years. The projects are expected to produce over 10,000 MWh in their first year of operation. With an estimated investment of around $5.5 million, the project is slated to supply low-cost renewable energy and generate jobs.
Clean energy fund manager Glenmont Partners is selling a 100 MW portfolio of onshore wind farms in France to TTR Green Fund IV and its co-investors. The portfolio consists of eight operational onshore wind farms in northern France. Glennmont, which has around 2 billion euros ($2.36 billion) of assets under management, was acquired by global asset manager Nuveen in March. It raises long-term capital to invest in low-carbon projects such as wind farms, solar parks, and biomass power stations.
Italian oil and gas company Eni has signed a pact with the state-owned oil and gas firm of Kazakhstan, KazMunaiGas, to develop renewable, hydrogen, and bio-feedstock projects in Kazakhstan. The move marks Eni’s commitment towards decarbonization while contributing to the country’s carbon neutrality targets. Through its local renewable subsidiary ArmWind LLP, Eni plays a key role in the country’s renewable energy sector with two wind farms and one photovoltaic plant for a total capacity of around 150 MW.
Power utility NTPC has invited expression of interest from domestic DISCOMs, bulk consumers, corporates, and industrial consumers for the supply of electricity from it on a round-the-clock or specific-hours-of-the-day basis on short, medium, or long term. Earlier this month, NTPC emerged as one of the winners in the Rewa Ultra Mega Solar Limited’s auction for 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh. The firm had quoted the lowest tariff of ₹2.33 (~$0.0313)/kWh in the auction.