SustVest’s Post

🔋 Renewable Energy & Technology Updates Date: July 29, 2024 1. Gensol Bags NOA for Solar Plant in Gujarat Details: Gensol Engineering has secured a notification of award (NoA) for a ₹463 crore solar power plant at Khavda RE Power Park. The project includes engineering, design, procurement, and construction services. Gensol, already managing solar projects totaling approximately 1 GW, will utilize fixed tilt module mounting structures for this new venture. 2.Ahamani Plans Battery Manufacturing Facility in India Details: Ahamani EV Technology is setting up a megawatt-scale battery manufacturing plant in India. The Taiwanese company is seeking technology transfer partnerships to enhance local EV production capabilities, aiming to support India's self-reliance in the EV sector and stimulate economic growth. ⚒️ Industrial & Energy Sector Developments Date: July 29, 2024 1. Coal India Eyes Expansion into Lithium Sector Details: Coal India Limited (CIL) is expanding into the lithium sector, having recently acquired a graphite mine in Madhya Pradesh. CIL plans to participate in lithium block auctions to diversify its portfolio and leverage its mining expertise for new revenue streams. 2. Adani Group to Commission First Phase of PVC Project in Gujarat by 2026 Details: Adani Group is set to launch the first phase of a $4 billion PVC project in Gujarat by December 2026. The initial phase will have a capacity of 1 million tons per annum, using acetylene and carbide-based production processes. 🌍 Biorefinery & Sustainability Innovations Date: July 29, 2024 1. PETRONAS, Enilive, and Euglena to Construct Biorefinery in Malaysia Details: PETRONAS, Enilive, and Euglena have finalized plans to build a biorefinery at PETRONAS' Pengerang Integrated Complex in Johor, Malaysia. The facility will produce Sustainable Aviation Fuel (SAF) and other biofuels, with operations expected to start in late 2028. The biorefinery will process around 650,000 tons of raw materials annually.

India's solar industry is expected to see significant growth over the next five years, as the country aims to generate 500 GW of fossil-free electricity by 2030¹. Here are some key policies and procedures: - *Increased installed capacity*: India's renewable energy installed capacity is expected to increase to 170 GW by March 2025, with solar power accounting for 60% of the total¹. - *Government support*: The government has set ambitious targets and allocated huge funds for renewable energy development, including Rs 8,500 crore for solar power infrastructure development in the interim budget for 2024-25 ¹. - *Private investment*: Companies such as Tata Power, Maruti Suzuki and NTPC Green Energy are investing heavily in renewable energy projects, with investments of over $250 billion expected in the sector¹. - * Dominance of solar energy *: Solar energy is expected to dominate the renewable energy sector, with a capacity of 363 GW in the sector-focused forecast¹. - * State-level plans *: States like Rajasthan, Gujarat and Tamil Nadu are planning to promote renewable energy, while Rajasthan wants to be self-reliant in energy production. Overall, India's solar industry is poised for significant growth, fueled by government support, private investment and a growing demand for clean energy. A big boom is there for Renewable energy particularly Solar DR.N.ASHOKKUMAR HOD/I/C- EEE DEPT SCSVMV UNIVERSITY ENATHUR KANCHIPURAM

Reliance Industries Limited to Launch India’s First Giga-Scale PV Factory by Early 2025 🇮🇳 🏭 Reliance Industries Ltd plans to open its first giga-scale factory for photovoltaic (PV) components by the end of Q1 2025, with plans to scale up manufacturing capabilities in the following year. The factory will be part of the 20-GW Dhirubhai Ambani Green Energy Giga Manufacturing Complex, located in Jamnagar, Gujarat, India. 📈 The initial phase of the complex, covering 5,000 acres (2,036 ha), will begin operations by the end of the current fiscal year through March 2025. The site will produce a wide range of solar components including modules, cells, wafers, ingots, polysilicon, and glass, all at a single location. 🔋 Reliance Industries is also advancing its sodium ion battery technology, with plans to produce sodium ion cells at a MW-scale level by 2025, transitioning to giga-scale production. The goal is to pilot 50 MWh of sodium ion battery cells by 2026. 💡 As part of its 2021 strategy, Reliance has committed to investing USD 10 billion (EUR 9.16bn) over three years to develop a new fuels business and support its target of deploying at least 100 GW of renewable energy generation capacity by the end of the decade. This plan includes launching four giga factories in Gujarat focused on renewable energy, battery storage, fuel cells, and hydrogen sectors. Congratulations to Ishan Mehta, Anshul Khandelwal! #RenewableEnergy #SolarPower #RelianceIndustries #CleanEnergy #Sustainability #India #BatteryTechnology

Solar World Energy Solutions to Raise ₹6000 Cr via IPO Solar World Energy Solutions, based in Uttar Pradesh, has filed documents with SEBI to raise ₹6000 crore through an IPO. The plan includes ₹5500 crore from new equity shares and ₹500 crore through an offer for sale (OFS). Before filing the final prospectus, the company might also raise ₹1100 crore through a preferential issue. Of the funds raised, ₹4200 crore will be used to build a 1.2 GW solar manufacturing plant in Madhya Pradesh. The rest will be for general business needs. As of 2024, Solar World’s order book stands at ₹7997 crore, with key clients like SJVN Green Energy, Haldiram Snacks, Ethnic Food Manufacturing, and Samiksha Solar World. This IPO will help Solar World expand its operations and strengthen its position in the renewable energy sector by investing in new manufacturing capabilities.

BluPine Energy Secures $52.85 Million Financing for 120 MW Solar Project in Gujarat BluPine Energy, a prominent player in the renewable energy sector in India, has successfully closed financial arrangements for its 120 MW solar power project in the villages of Panshina and Radhanpur, Gujarat. The financing, amounting to INR 436 crores (approximately USD 52.85 million), was secured from the State Bank of India (SBI), one of India’s leading banking institutions. The solar plant is projected to produce around 2.98 lakh MWh of energy annually, which will help reduce CO2 emissions by an estimated 2.7 lakh tonnes per year. It is expected to provide electricity to approximately 2.7 lakh households. Neerav Nanavaty, CEO […] Read the full story here: https://lnkd.in/d6JFjJiY #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #blupineenergy #finance #gujarat #guvnl #india #renewableenergy #solarenergy #solarprojects #sustainable

Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which the project would be the planet's largest power plant. The area of project in Khavda is five times the size of Paris and almost as large as Mumbai. 🇮🇳 Adani Green Ignites Record-Breaking Power Plant Dwarfing entire metropolises, a colossal new project by Adani Green is poised to revolutionize the world's energy scene. Staggering Scale, Monumental Impact: - Spanning an immense 538 sq km, this titan of clean energy generation is five times the size of Paris and nearly as vast as Mumbai. - The Khavda power plant boasts a groundbreaking 30 GW capacity, claiming the title of the largest on Earth. Operational Efficiency, Sustainable Practices: - Launched in February 2024, it initially fed 551 MW of solar power into the national grid, showcasing its rapid integration. - Adani Green Energy Limited's monumental Rs 1.5 lakh crore investment emphasizes their unwavering dedication to clean energy solutions. - By March 2025, the company aspires to significantly boost production to 6 GW, with ambitions for a minimum annual expansion of 5 GW. Innovation for a Brighter Future: - The project champions sustainability through its ingenious waterless cleaning robots, combating dust buildup on panels while preserving precious water in the arid Kutch region. Environmental Champion, Global Inspiration: - With a keen focus on minimizing environmental impact, India is poised to neutralize roughly 58 million tonnes of CO2 emissions annually. - Adani Green's relentless pursuit of renewable energy extends across 12 states, with Rajasthan and Gujarat spearheading the charge.

Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which it would become the planet's largest power plant regardless of the energy source. The project at Khavda is Hybrid #renewable energy cluster where during the morning hours, solar energy is generated and during the evening hours wind generation is generated. It has operationalised capacity of 2,000 MW solar #energy. With this project India is poised to avoid about 58 million tonnes of #CO2 emissions annually. This renewable energy project is spread across 12 states in which major production takes place in #Rajasthan and #Gujarat. With time we will expand to other states but have no plan as of now, said Vneet Jaain. #renewableenergy Adani Green Energy Ltd. #india #sustainability #climatechange United Nations

𝗥𝗘𝗟𝗜𝗔𝗡𝗖𝗘 : 𝗨𝗡𝗩𝗘𝗜𝗟𝗦 𝗔𝗠𝗕𝗜𝗧𝗜𝗢𝗨𝗦 𝗣𝗟𝗔𝗡𝗦 𝗙𝗢𝗥 𝗡𝗘𝗪 𝗘𝗡𝗘𝗥𝗚𝗬 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦⚡🏭📈 The chairman of Reliance Industries Limited, 𝙈𝙪𝙠𝙚𝙨𝙝 𝘼𝙢𝙗𝙖𝙣𝙞 has further committed to invest 𝗥𝘀 𝟳𝟱,𝟬𝟬𝟬 𝗰𝗿. for a new energy business which will lead to five gigafactories in Gujarat💰🏭. In the 𝟰𝟳𝘁𝗵 𝗔𝗻𝗻𝘂𝗮𝗹 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗲𝗲𝘁𝗶𝗻𝗴, Ambani announced that Dhirubhai Ambani Green Energy Giga Manufacturing Complex would be the world’s largest, Spread over more than 𝟱𝟬𝟬𝟬 𝗮𝗰𝗿𝗲𝘀 in Jamnagar & will comprise five giga factories devoted to Solar PV Panels, High Efficient Energy Storage Batteries🔋, Electrolysers, Fuel Cells, and Power Electronic Systems⚡. 𝙎𝙤𝙡𝙖𝙧 𝙋𝙑 𝙈𝙤𝙙𝙪𝙡𝙚𝙨 𝙂𝙞𝙜𝙖𝙛𝙖𝙘𝙩𝙤𝙧𝙮☀️ At the end of the year, manufacturing of solar PV modules will begin, with modular expansion plan for the initial phase of an integrated production facility for solar products with a target of having a production capacity of 𝟭𝟬 𝗚𝗪 per annum. It later aims that by 𝟮𝟬𝟯𝟬 it will have developed and funded at least 𝟭𝟬𝟬 𝗚𝗪 of solar electricity. In October 2021, REC Solar Holdings was acquired by Reliance and based in Norway with an enterprise value of $ 𝟳𝟳𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 from China National Bluestar (Group) Co💵. 𝘽𝙖𝙩𝙩𝙚𝙧𝙮 𝙂𝙞𝙜𝙖𝙛𝙖𝙘𝙩𝙤𝙧𝙮🔋 The 𝟭𝟱 𝗚𝗪𝗵 first phase of the battery production factory will be commissioned in the first quarter of the next year while the second part of the battery factory that will have an annual output of 𝟯𝟬𝗚𝗪𝗵 will be completed by the second part of the next year. Further, it wants to make sodium-ion battery at the industrial scale in MW level from 2025 and start the pilot plant to produce 𝟱𝟬 𝗠𝗪𝗵 of lithium batteries annually from 𝟮𝟬𝟮𝟲🔋. 𝙀𝙡𝙚𝙘𝙩𝙧𝙤𝙡𝙮𝙨𝙚𝙧 𝙂𝙞𝙜𝙖𝙛𝙖𝙘𝙩𝙤𝙧𝙮🏭 Ambani restated commitment to developing a multi GW electrolyser manufacturing plant in Jamnagar which is projected to be complete by 𝟮𝟬𝟮𝟲. These include AEM, PEM, and Alkaline, and it is in realization of this that the giga plant will be established🔬. In 𝗠𝗮𝘆 𝟮𝟬𝟮𝟰, Reliance signed an agreement with Nel ASA, a Norwegian technology platform for electrolyser manufacture for availing to generating Green Hydrogen. The Indian government for setting up facilities that will enable the production of Green Hydrogen with the capacity of up to 𝟰,𝟱𝟬,𝟬𝟬𝟬 𝘁𝗼𝗻𝗻𝗲𝘀 through SIGHT Scheme (Mode-1-Tranche-I). 𝙋𝙤𝙬𝙚𝙧 𝙀𝙡𝙚𝙘𝙩𝙧𝙤𝙣𝙞𝙘𝙨 𝙂𝙞𝙜𝙖𝙛𝙖𝙘𝙩𝙤𝙧𝙮⚡ Also Reliance has acquired dry land at Kutch which is only 250km away from Jamnagar. This area has the capability of generating 𝟭𝟱𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 units of power during the next 𝟭𝟬 𝘆𝗲𝗮𝗿𝘀 or almost ten percent of India’ total energy requirement⚡. #RelianceIndustries #MukeshAmbani #GreenEnergy #RenewableEnergy #NewEnergyBusiness #Gigafactory #Jamnagar #India #Sustainability #EnergyTransition #Innovation #BusinessNews #FutureOfEnergy #ClimateAction #GreenJobs

New Blog of Investors Summit - Gujarat!

Congratulations to Indo Count Industries Ltd on Inaugurating Their Solar Power Generation Unit! Importance of Solar Energy 1. Carbon Footprint Reduction: ICIL's 9.3 MW solar unit reduces reliance on fossil fuels and lowers greenhouse gas emissions. 2. Cost Optimization: Solar energy offers long-term financial benefits by reducing energy costs. 3. Sustainability: Over 90% of ICIL's Bhilad unit's energy needs are met by renewable sources. 4. Global Standards Alignment: The project aligns with GRI, UNGC, and SDGs, meeting international benchmarks. 5. Corporate Social Responsibility: ICIL’s solar unit demonstrates a commitment to environmental sustainability. Viability of Solar Plants 1. Initial Investment: High initial costs can be offset by government incentives. 2. Operational Costs: Low maintenance costs compared to traditional power plants. 3. Energy Generation Efficiency: High efficiency in areas with ample sunlight, like Gujarat. 4. Long-term Savings: Significant savings on energy bills over time. 5. Environmental and Social Benefits: Reduces air pollution, conserves resources, promotes energy independence, and creates jobs. Challenges in Solar Plants 1. High Initial Costs: Significant upfront investment required. 2. Intermittent Production: Energy production depends on weather and sunlight. 3. Space Requirements: Large areas needed for installation. 4. Maintenance: Regular cleaning and checks required. 5. Energy Storage: Current storage solutions are costly and limited. 6. Regulatory Issues: Policies and subsidies can affect project viability. ICIL’s investment in solar energy not only enhances operational efficiency but also sets a benchmark for sustainability in the industry. Congratulations to Indo Count Industries Ltd for this significant achievement! Source- News magazine