Indian renewables company ReNew Power, oil refiner IndianOil and engineering company Larsen & Toubro (L&T) have formed a joint venture (JV) to develop green hydrogen projects in India, with the latter two forming a separate JV dedicated to manufacturing electrolysers in India.
A green hydrogen plant powered by a 50MWp solar farm has been commissioned in the Netherlands, as the partners behind the installation look to explore how the technology can ease grid congestion.
Japanese investment firm Mitsui has invested €575 million (US$631.56 million) in common shares from renewable developer Mainstream Renewable Power, bringing its valuation to €2.1 billion after the transaction.
The war in Ukraine will “turbocharge” the global green hydrogen sector as the cost of alternatives soar by more than 70% and Europe seeks to reduce its reliance on Russian gas with a series a financial packages, according to Rystad Energy.
While still nascent, green hydrogen can take off as a fuel source and energy storage system if it is afforded the support, regulatory environment and financial backing it deserves, Hive Energy’s Shirvine Zhang tells Sean Rai-Roche.
The Dutch government has made a record €13 billion (US$14.3 billion) available for its 2022 Sustainable Energy Production and Climate Transition Incentive Scheme (SDE++) that is now open to green hydrogen projects linked to a wind or solar farm.
Chinese solar manufacturer Risen Energy is to supply modules to energy giant Sinopec's green hydrogen demonstration project in Xinjiang, China, which is claimed to be the world's largest PV-based hydrogen production centre.
Solar investor and asset manager NextEnergy Group has launched a new renewables development division that will aim to develop 5GW of projects within three years.
Norwegian renewables company Scatec has signed a memorandum of understanding with the General Authority for Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company, and the New and Renewable Energy Authority to develop a large-scale green ammonia plant in Egypt.
