India’s first long-term green hydrogen offtake agreement
Hygenco will build, own and operate a multi-megawatt green hydrogen facility for the long-term supply to Jindal Stainless Ltd, one of the largest stainless-steel conglomerates globally.
Shell completes acquisition of Sprng Energy
Energy company Shell has completed the acquisition of Solenergi Power, an Actis company owning 100% of Indian renewables developer Sprng Energy. The transaction value is US$1.55 billion (AU$2.22 billion), with half as cash Capex and the remainder as debt obligations.
India’s solar pump capacity hits 691.4 MW
The Indian government’s PM KUSUM Scheme supports farmers in installing standalone solar pumps and solarizing existing grid-connected agriculture pumps.
India’s solar report card for FY 2021-22
India installed 12.3 GW of solar in the 12 months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal year.
India will have 125 GWh of lithium batteries ready for recycling by 2030
India will see a cumulative demand for around 600 GWh of lithium-ion batteries from 2021 to 2030 across all segments. The recycling volume coming from the deployment of these batteries will be 125 GWh by 2030.
Indian state of Gujarat tenders 1.5 GW of solar
Solar developers have until Aug. 23 to bid for the rights to build up to 1.5 GW of grid-connected solar projects under 25-year power purchase agreements.
India may miss 2030 renewables target by over 104 GW
The nation may miss its 2030 target of 500 GW renewables capacity by over 104 GW under the current market trend.
Plug-and-play mobile energy storage system
India’s AmpereHour Energy has released MoviGEN, a new lithium-ion-based, mobile energy storage system. It is scalable and can provide clean energy for applications such as on-demand EV charging, remote construction sites, and large-scale outdoor events.
1.5 GW green hydrogen project in India from Acme
Indian developer Acme will set up a green hydrogen and ammonia project in Tamil Nadu with 1.5 GW of electrolysis capacity and 1.1 million tons of ammonia synthesis, powered by a 5 GW solar plant.
Indian manufacturer plans new lithium battery factory
India’s Sanvaru is expanding its lithium battery production capacity to 400 MWh per year by setting up a new factory in the Indian state of Uttarakhand. Its devices are used for stationary and EV storage.
