NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Tata Power, Indian Bank Partner for Residential Rooftop Solar Financing

Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

Burdensome Regulations and Delays Jeopardize Telangana’s Solar Open Access Projects

Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

China Installs 46 GW of Solar Power Capacity in Q1 2024, Up 36% YoY

Project Finance Brief: Origis Secures $136 Million for 75 MW Solar Project

Ministry Says GENCOs Can Sell Surplus Power in the Market   


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2022/10/amazon_polly_42268.mp3?version=1664786511">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Here are some noteworthy cleantech announcements of the day from around the world:</p>
<p><strong>Vedanta, a global diversified natural resources company, </strong><a href="https://www.vedantalimited.com/img/media_mentions/press_release/2022/vedanta-ramps-up-renewable-power-sourcing-to-1-gw.pdf" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it is scaling up its renewable energy sourcing to 1 GW and accelerating the transition of its operations to green energy.</strong> The company invited bids for an additional 500 MW of renewable energy. Vedanta has set a target to achieve 2.5 GW of renewable energy for its operations by 2030. The company has invited bids to supply hybrid renewable power for its manufacturing facilities in Rajasthan, Chhattisgarh, and Odisha. Vedanta had earlier secured 580 MW of round-the-clock renewable energy through Serentica Renewables.</p>
<p><strong>Ohmium International, a green hydrogen company, is </strong><a href="https://www.ohmium.com/news/ohmium-and-amp-energy-india-collaborate-on-400mw-of-green-hydrogen" target="_blank" rel="noopener"><strong>collaborating</strong></a><strong> with Amp Energy India, an independent renewable power producer, to deploy 400 MW of green hydrogen</strong> <strong>projects.</strong> The deployments, aimed at mid-sized commercial and industrial projects of 25 MW or below, are planned to be installed over the next three years. Amp Energy India will utilize Ohmium’s unique interlocking modular polymer electrolyte membrane electrolyzers, which provide a safe, modular, flexible, easy-to-install alternative to customized electrolyzers.</p>
<p><a href="https://www.lohum.com/" target="_blank" rel="noopener"><strong>Lohum</strong></a><strong>, a lithium-ion battery lifecycle management firm, and </strong><a href="https://www.glencore.com/" target="_blank" rel="noopener"><strong>Glencore</strong></a><strong>, a globally diversified natural resource company, announced a strategic partnership to advance circularity in the Li-ion battery supply chain.</strong>  Under the alliance, Lohum will supply Glencore with 10,000 metric tons of specialty chemicals for the battery supply chain over the next five years, including cathodes, sulfates, carbonates, and oxides of various metals extracted from spent batteries and other sources. The global partnership will allow both companies to deepen their recycling expertise and support the advancement of a circular economy by supplying raw materials back into the battery supply chain.</p>
<p><strong>Enbridge Inc. </strong><a href="https://www.enbridge.com/media-center/news/details?id=123736&amp;lang=en" target="_blank" rel="noopener"><strong>announced</strong></a><strong> it has acquired Tri Global Energy, a leading U.S. renewable project developer, for $270 million in cash and assumed debt.</strong> Additionally, up to approximately $50 million in payments could be made contingent on the successful execution of TGE&#8217;s project portfolio. TGE is currently the third largest onshore wind developer in the U.S., with a development portfolio of wind and solar projects representing more than 7 GW of renewable generation capacity.</p>
<p><strong>Whirlpool Corporation </strong><a href="https://www.whirlpoolcorp.com/whirlpool-corporation-to-reach-100-percent-renewable-electricity-for-u-s-plant-operations/" target="_blank" rel="noopener"><strong>announced</strong></a><strong> that it had entered a second wind Virtual Power Purchase Agreement with ENGIE North America to procure 53 MW </strong>of clean, renewable wind energy over 12 years. The agreement is expected to accelerate Whirlpool’s progress towards its commitment to reach Net Zero &#8211; scopes 1 and 2 emissions in its plants and operations by 2030.</p>
<p><strong>Iberdrola </strong><a href="https://www.iberdrola.com/press-room/news/detail/iberdrola-starts-up-spain-first-smart-agrovoltaic-plant-in-toledo" target="_blank" rel="noopener"><strong>announced</strong></a><strong> the commissioning of the first smart agrovoltaic plant with 40 kW capacity in Spain at the González Byass and Grupo Emperador vineyards in the town of Guadamur, Toledo.</strong> The installation allows the layout of the modules to be adapted to the needs of the vineyards to regulate the incidence of the sun and the temperature using the shade of the panels. The project, called Winesolar, has also involved the collaboration of the advanced technological solutions provider Techedge and the manufacturer of trackers and structures for solar panels, PVH. The production of this pilot plant would be used entirely for self-consumption by the González Byass and Grupo Emperador wineries, which will thus be able to reduce their emissions, make progress in the decarbonization of their activity and reduce their energy costs.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/satish-shetty/" class="vcard author" rel="author"><span class="fn">Satish Shetty</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Satish Shetty,</strong> Associate Editor at Mercom India<br />
<a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener">More articles from Satish Shetty.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Satish-pic-1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/satish-shetty/" target="_blank" rel="noopener"><strong style="color: #00b451">Satish Shetty</strong></a> is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia.<br />
<a href="https://mercomindia.com/author/satish-shetty/" rel="noopener noreferrer">More articles from Satish Shetty.</a></div>
</div></div><div class="clearfix"></div></div></div>

Daily News Wrap-Up: Vedanta to Scale Up its Renewable Energy Procurement to 1 GW

whirlpool

Get the most relevant India solar and clean energy news.

RECENT POSTS