Daily News Wrap-Up: Tata Secures Power Transmission Project in Bangladesh

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

Infrastructure company Tata Projects has forayed into Bangladesh’s transmission and distribution sector by securing a 400 KV Double Circuit Transmission Line project valued at approximately ₹9 billion (~$120 million) from Power Grid Company of Bangladesh Limited (PGCB). This 120 km length project from Barapukuria to Bogura has been secured on a turnkey basis. The project will be executed in 30 months, and EXIM Bank India will fund under the Indian Line of Credit. The transmission line will result in the expansion of high voltage transmission infrastructure in northern Bangladesh. It will also facilitate 16 GW power transmission from a power plant in Jharkhand, India, to Bangladesh.

The NHPC board has approved a proposal to form a joint venture (JV) with Green Energy Development Corporation of Odisha (GEDCOL) to implement a 500 MW floating solar power project in various water reservoirs in Odisha. The board also accorded the investment approval to contribute initial equity of ₹74 million (~$994,370) by NHPC in the JV, which will be 74% owned by NHPC and 26% by GEDCOL.

The U.S. Department of Commerce issued a letter rejecting an unlawful request for circumvention tariffs on solar products from three countries in Southeast Asia. An anonymous group of companies initiated the petitions. If imposed, the petition would have resulted in the loss of 46,000 solar jobs over the next two years. According to Solar Energy Industries Association (SEIA), circumvention petitions were one of many trade actions roiling the solar industry, and some damage had already been done. SEIA said it will continue to monitor the ramifications of these harmful and unlawful circumvention petitions on the solar industry.

Residential solar and energy storage service provider Sunnova Energy and home security and alarm monitoring company Brinks Home have announced a partnership. The agreement will allow Sunnova to offer its customers options from the Brinks Home portfolio of smart home security solutions and allow Brinks Home dealers and authorized representatives to offer their customers Sunnova’s suite of solar, battery, and energy services. Sunnova will also offer financing to Brinks Home customers for security equipment and installation. Offering to finance for home security services will complement Sunnova’s current suite of offerings as the company continues to develop the Sunnova Adaptive Home, which integrates solar, battery storage, energy control, and other hardware and software technologies for the full home electrification.