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Daily News Wrap-Up: APTEL Criticizes MERC for Denying Petitioner Relief


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					</table><p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>Intel </strong><a href="https://www.intel.com/content/www/us/en/newsroom/news/intel-announces-inaugural-green-bond.html#gs.8a3gb1" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the pricing of its inaugural green bond issuance totaling $1.25 billion. </strong>The net proceeds of the green bond offering will be used to fund eligible projects in six key areas that support Intel’s sustainability goals. These include green buildings, energy efficiency, circular economy and waste management, greenhouse gas emissions reductions, water stewardship, and renewable electricity. Intel will publish an annual green bond impact report beginning in 2023 to provide an update on the allocation of the net proceeds of the green bond offering for the period specified in the terms. The company recently announced a commitment to net-zero greenhouse gas emissions across global operations by 2040.</p>
<p><a href="https://www.exponent.energy/" target="_blank" rel="noopener"><strong>Exponent Energy</strong></a><strong> has partnered with </strong><a href="https://altigreen.com/" target="_blank" rel="noopener"><strong>Altigreen Propulsion Labs</strong></a><strong>, a commercial electric vehicle (EV) manufacturer, to unveil the fastest charging electric three-wheeler</strong> that rapidly charges from 0-100% battery capacity within 15 minutes. The Exponent-enabled Altigreen neEV HD has an 8.19 kWh energy pack &#8211; a proprietary battery by Exponent. The vehicle is expected to deliver a city drive range of 80-85 km and charge up in 15 minutes at the Exponent’s energy pump network. This would be achieved by the EV pump delivering 600A of current, which is 15x industry standard, while managing individual cell characteristics, including thermals, to ensure safety, long battery life, and performance consistency even at 50 degrees Celsius.</p>
<p><strong>Adani Enterprises, the business incubation arm of the Adani Group, </strong><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/80785ab8-c911-4749-9ee0-338e5599e0e0.pdf" target="_blank" rel="noopener"><strong>signed</strong></a><strong> an MoU with the Israel Innovation Authority, the public-funded agency overseeing Israel&#8217;s innovation policy</strong>, for cooperation in technological innovation between Israeli entities and the Adani Group. With this MoU, the Israel Innovation Authority will provide Israeli companies a unique opportunity to codevelop, pilot, and scale-up innovative technologies in collaboration with Adani&#8217;s diverse businesses in the fields of renewable energy, artificial intelligence, and logistics.</p>
<p><strong>A financing package of $114.2 million to commission a 230 MW photovoltaic solar power plant in eastern Azerbaijan was </strong><a href="https://www.ebrd.com/news/2022/ebrd-invests-us-214-million-in-pioneering-solar-plant-in-azerbaijan.html" target="_blank" rel="noopener"><strong>approved</strong></a><strong> by the European Bank for Reconstruction and Development</strong>, the Asian Development Bank, the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development. The funding will be provided to the Garadagh Solar Project developer Masdar Azerbaijan Energy, which Abu Dhabi Future Energy Company wholly owns. Masdar’s solar power plant is Azerbaijan&#8217;s first privately owned, utility-scale solar power project. Located near the Alat settlement, the plant’s 230 MW of renewable energy will generate up to 558 GWh of electricity, reducing annual CO2 emissions by up to 265,000 tons once commissioned.</p>
<p><strong>BASF </strong><a href="https://www.basf.com/global/en/media/news-releases/2022/08/p-22-305.html" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into virtual power purchase agreements for wind and solar power totaling 250 MW in the U.S.</strong> The chemical company will purchase 100 MW of power generated by Dawn Solar, and an additional 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services. The agreements are designed to offset the carbon-intensive grid-supplied electricity used at more than 20 of BASF’s manufacturing sites in several states, from Texas to Michigan. The combined agreements for the output of 250 MW of renewable generation capacity will result in the purchase of more than 660,000 MWh of electricity per year – the equivalent of electricity consumed by more than 90,000 average U.S. households. With these agreements in place, the share of renewable energy in BASF’s total North American electricity consumption is expected to rise to more than 25%.</p>


Daily News Wrap-Up: Intel to Raise $1.25 Billion Through Green Bonds


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					</table><p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>NTPC </strong><a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/f18fb14b-e06f-4c47-97c8-035138b7b231.pdf" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the commissioning of the last part capacity of 35 MW out of 92 MW Kayamkulam Floating Solar photovoltaic project in Kerala.</strong> The last two parts, 35 MW and 22 MW, were commissioned in May and March this year. NTPC’s standalone installed and commercial capacity now stands at 54.75 GW, and the group’s installed and commercial capacity is at 69.11 GW.</p>
<p><strong>The Flipkart Group </strong><a href="https://storiesflistgv2.blob.core.windows.net/stories/2022/06/Flipkart-Group-commits-to-Net-Zero-carbon-emissions-by-2040-1.pdf" target="_blank" rel="noopener"><strong>committed</strong></a><strong> to setting a net-zero target to decarbonize its operations by 2030 and the larger value chain by 2040.</strong> As part of this commitment, Flipkart will take measures to reduce 100% of emissions by 2030 by increasing energy efficiency at its corporate office and supply chain facilities and powering its energy requirements through renewable sources such as solar. The company recognizes that much of the climate impact comes from its extended value chain of suppliers, waste in operations, transportation and logistics, and product end-of-life. It will also work with its sellers, consumers, and partners to achieve net-zero emissions by 2040.</p>
<p><strong>Uniper, a Germany-based energy company, and direct marketer, Sunnic Lighthouse, a subsidiary of ENERPARC, </strong><a href="https://www.uniper.energy/news/uniper-and-sunnic-lighthouse-gmbh-conclude-long-term-purchase-agreement-for-solar-power" target="_blank" rel="noopener"><strong>concluded</strong></a><strong> a framework agreement to purchase electricity from solar power plants.</strong> The deal allows Uniper to purchase approximately 208 GWh annually from 53 solar parks distributed throughout Germany with an installed capacity of around 198 MW. Deliveries of green power by Sunnic Lighthouse to Uniper will start in July 2022 and run until the end of 2027.</p>
<p><strong>Air Liquide </strong><a href="https://group.vattenfall.com/press-and-media/pressreleases/2022/vattenfall-and-air-liquide-sign-long-term-electricity-supply-agreement-for-offshore-wind" target="_blank" rel="noopener"><strong>signed</strong></a><strong> a long-term Power Purchase Agreement (PPA) with Vattenfall for 115 MW or around 500 GWh per year of renewable electricity from the offshore wind farm Hollandse Kust Zuid.</strong> This PPA comes in addition to a 100 GWh-PPA with Air Liquide announced in March 2021, expanding the long-term partnership. The 15-year PPA starting in 2025 enables Air Liquide to supply its existing industrial and medical gas production assets in the Netherlands. Hollandse Kust Zuid is located in the North Sea, about 18-35 kilometers off the Dutch coast between The Hague and Zandvoort. The offshore wind project, consisting of 140 wind turbines with a capacity of 1.5 GW, is scheduled to be fully operational in 2023. Hollandse Kust Zuid is owned by Vattenfall, BASF and Allianz.</p>
<p><strong>BASF </strong><a href="https://www.basf.com/in/en/media/news-releases/asia-pacific/2022/06/p-22-249.html" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it would build a commercial-scale battery recycling black mass plant in Schwarzheide, Germany, to strengthen BASF’s cathode active materials (CAM) production and recycling hub</strong> in the region. The site is considered an ideal location for building battery recycling activities, given the presence of many EV car manufacturers and cell producers in Central Europe. The investment is expected to create about 30 new production jobs, with an operation date planned for early 2024. Black mass production is the first step in the battery recycling process and is based on the mechanical treatment of the batteries. The black mass contains high amounts of the critical metals used to produce CAM: lithium, nickel, cobalt, and manganese. It is expected to be the feedstock for the commercial hydrometallurgical refinery for battery recycling that BASF plans to build in the middle of this decade. The annual processing capacity of the plant would be 15,000 tons of EV batteries and production scrap.</p>
<p><strong>Redwood Materials, a U.S.-based battery manufacturing and recycling company </strong><a href="https://www.redwoodmaterials.com/press/redwood-materials-and-toyota-collaborate-on-electric-vehicle-battery-collection" target="_blank" rel="noopener"><strong>announced</strong></a><strong> it would work with Toyota Motor North America </strong>to create a battery ecosystem across Toyota’s line-up of electrified vehicles that encompasses all steps for full circularity. Toyota and Redwood will create a truly closed-loop solution for batteries. Initially, they would focus on testing and recycling Toyota batteries, creating end-of-life pathways for the original hybrid electric vehicles. They also aim to expand into other areas, including battery health screening and data management, remanufacturing, and battery material supply throughout North America.</p>


Daily News Wrap-Up: NTPC Commissions Last Part of 92 MW Floating Solar Project

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