Every day Information Wrap-Up: Hindustan Coca-Cola Commissions Seven New Renewable Initiatives

Daily News Wrap-Up: Hindustan Coca-Cola Commissions Seven New Renewable Projects

Here are some notable cleantech announcements of the day from around the world:

Hindustan Coca-Cola Beverages (HCCB) announced the commissioning of seven additional renewable energy projects. These projects, which are installed in various factories of the company, are expected to source 23.5 million units of electricity through purchasing power agreements through various state networks. Projects in the field of renewable energies, which are mainly operated with wind, sun and biomass, are likely to reduce CO2 emissions by around 2 lakh tons each year. The total installed annual electricity generation from renewable energy sources in HCCB has now increased from around 70 million units in 2019 to 93 million units this year.

The Vice President of India, Shri M. Venkaiah Naidu, today Appealed to the finance commissions and local authorities to promote environmentally friendly buildings through various measuresincluding tax incentives. He also wanted all states to set up online portals to share green buildings with a single window. Quoting the data from the World Green Building Council, the vice president stated that buildings and structures account for 39% of energy-related CO2 emissions worldwide. He called for the process of fully decarbonising the built environment to be accelerated.

Delta, a leading global provider of power management solutions, said it would be Provision its highly efficient PV string inverters of the M70A series to the solar company Anumar, an engineering, procurement and construction service provider (EPC) who is building the Schornhof solar park project, currently the largest ground-mounted solar park in southern Germany. The conformity of the M70A inverters with the new technical VDE connection rules for high voltage (VDE-AR-N 4120) was decisive for Anumar’s decision to select Delta for this project. The project aims to reduce CO2 emissions by up to 77,000 tons per year with an output of 120 MWp. To date, around one third of the 1,500 Delta M70A string PV inverters required for the project have been used in the solar park.

RWE, a renewable energy company, has signed an agreement with a subsidiary of Algonquin Power & Utilities Corp for the sale of a 51% stake in four RWE onshore wind turbines in TexasThis corresponds to a proportionate installed total output of 439 MW. The total consideration corresponds to an enterprise value of around USD 600 million (for the 51% stake), which corresponds to an implicit enterprise value multiplier of USD 1.4 million / MW. Two projects are in operation and two are under construction. The sale is part of RWE’s capital rotation program. The proceeds will be used to finance further growth in the renewable energy business.

ING Australia today announced the financing of a large new battery storage system (BESS) for Vena Energy Australia in Queensland. The battery stores 150 MWh of energy, which is equivalent to powering up to 57,000 Australian households. ING acted as the technical bank for the transaction. When commissioned, the US $ 120 million Wandoan South BESS will be the largest battery project in Queensland and the second largest in Australia. The BESS will provide services to AGL and will be built in the Western Downs region, an area with significant activity in green field renewable energy development.

Daimler Truck AG, IVECO, OMV, Shell and the Volvo Group have pledged to work together to create the conditions for mass-market introduction of hydrogen trucks in Europe. The decade-long scale-up is expected to begin with customer groups who are ready to commit to the hydrogen-based truck at an early stage. It is expected that these fleets will operate in regional clusters and along European corridors with high capacity and good service station coverage. Over the decade, these clusters can then be linked together to create a truly pan-European network.

Here is our previous daily recap of the news.


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