Umicore to purchase 42,000 tons of lithium battery material
Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.
Canadian fund Omers plans to acquire 49% of FRV Australia
Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.
Greece, Egypt sign MoU to link their power grids
The two countries have signed a memorandum of understanding (MoU) to develop a new subsea electricity line connecting their power systems. The power link, if built, could provide a route for African solar energy to reach European markets.
EDF Renewables invests in Vietnamese PV rooftop market
The French energy group has invested an undisclosed sum in Vietnam’s SkyX Energy. The goal is to install 200 MWp of C&I PV rooftop capacity in the country.
Danish electrolyzer firm Stiesdal next in Reliance’s new energy plans
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
10 GW Desert to Power PV initiative picks up $150 million in funding
The Green Climate Fund has announced it will provide US$150 million in funding to the Desert to Power initiative – a project led by the African Development Bank and spanning several countries that aims to build 10 GW of PV generation capacity in various projects across the Sahel region to the south of the Sahara Desert.
Reliance Industries acquires 100% stake in REC Group, plans new manufacturing bases
India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.
Reliance Industries’ new energy arm to acquire 40% stake in Sterling and Wilson Solar
The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities.
RWE signs deal with Greek utility aiming for 2 GW of coal-mine solar
It’s official. After 18 months or so of negotiations, electric companies in Germany and Greece last night inked a deal to confirm RWE’s entry into the Greek power market. Initially, the arrangement concerns 2 GW of new PV generation capacity to be built in former lignite mines, however the deal may later expand to include additional power projects.
The Hydrogen Stream: Indian group makes bold green hydrogen claim as plans emerge for production capacity in Spain
The renewables-powered sustainable hydrogen announcements have come as a group of international researchers made controversial claims about the potential of gas-fired blue hydrogen to be part of the climate change solution.
