Here are some of the day’s notable cleantech announcements from around the world:
Minister of Electricity and New and Renewable Energy, RKSingh, noted the government intends to provide uninterrupted 24/7 power supply to all households. Addressing “New Frontiers: A Renewable Energy Agenda”, the minister said India had increased its installed power capacity to 395,000 MW, while peak demand is 200,000 MW. He pointed out that a better distribution system and viability of distribution companies (DISCOM) are essential for uninterrupted power supply. The minister also said that solar pumps in the agricultural sector will replace diesel pumps by 2024.
SJVN Limited has Between in a Memorandum of Understanding (MoU) with Rajasthan Electronics and Instruments Limited (REIL). REIL will provide consultancy services to SJVN for the development of solar power projects at different locations across India. SJVN has a portfolio of 16,422 MW of capacity and has won 1,670 MW of solar power capacity through a tender process. The company has set targets to add 5,000 MW of renewable capacity by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.
The Asian Development Bank has approved a $150 million loan to support Indonesia’s economic recovery from Covid-19, catalyzing public and private funds support green and bankable infrastructure projects to help the country achieve the United Nations Sustainable Development Goals (SDGs). The Indonesia One Sustainable Development Goals aim to fund at least ten projects with at least 70% of the funding supporting green infrastructure and the rest supporting the SDGs.
Matt Kean, Treasurer and Minister for Energy of New South Wales, Australia, noted commercial interest in renewable energy generation and storage projects representing approximately 40 GW and over $100 billions of dollars of potential investment had been received in registering interests for the Hunter-Central Coast Renewable Energy Area. The minister said commercial interest had been registered for 24 solar projects, 13 onshore wind projects, seven offshore wind projects, 35 large-scale batteries and eight pumped hydropower projects. The projects could provide more than 100,000 GWh of renewable energy per year.
Off-Grid Energy Laboratories unveils its first innovation: the zinc-based rechargeable battery. The company is backed by investors including Shell Ventures, Ankur Capital and APVC Singapore. The company said the new battery technology – with more than 15 patents, design and trademarks for its innovation – aims to outperform conventional energy storage batteries in terms of power density, battery life battery and profitability.
Harsh is a journalist at Mercom India. Previously with Indian Express, he covered mainstream stories. He holds a Masters in Journalism from the Symbiosis Institute of Media and Communication in Pune.
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