Jakson Green signs MoU with Rajasthan for a green hydrogen and green ammonia plant; SJVN bringing 75 MW solar online in Uttar Pradesh; BRL acquires 86% stake in Europe's Interfloat; TPSSL has launched off-grid solutions for 3 states.
Green hydrogen and ammonia plant in Rajasthan: Indian solar module manufacturer and EPC company Jakson Group's green hydrogen arm Jakson Green will establish a 3,65,000 tons per annum green hydrogen and green ammonia plant in Rajasthan's Kota district. Under a memorandum of understanding (MoU) with the state government, it will invest about INR 224 billion ($2.7 billion) for the project with an integrated hybrid renewable power complex in the phased manner, between 2023 and 2028. To start with, it will build 15,000 tons per annum green ammonia facility by 2025. Rajasthan government will facilitate the project with requisite approvals and incentives. Jakson Green also plans to compete for government tenders for green hydrogen and invest in assets on build-own-operate (BOO) basis. It aims to export green ammonia to MENA region among other foreign locations, the company's Vice President Atul Tare told TaiyangNews during the 2022 Renewable Energy India Expo (see Jakson Plans Exporting Modules To Europe & US).
SJVN commissioning 75 MW solar project: SJVN Limited has started commissioning its 75 MW solar power plant at Tehsil Kalpi in Jalaun district in Uttar Pradesh through its wholly owned subsidiary SJVN Green Energy Limited. By October 30, 2022, the entire 75 MW plant will come online, it stated in a stock exchange filing. Once online it is expected to generate 168.34 million kWh in the 1st year of its operation and generate about 3,919 million kWh over 25 years. Power is contracted to be supplied to the Uttar Pradesh Power Corporation Limited (UPPCL) for 25 years. SJVN said this project will add close to INR 451.1 million ($5.4 million) annual revenue that will help the company enhance its top and bottom line balance sheet. SJVN's total renewable energy portfolio stands at 4.007 GW and with the commissioning of the 75 MW facility, the operational capacity will increase to 2.09 GW. It's overarching target is to have 5 HW installed renewable energy capacity by 2023, 25 GW by 2030 and 50 GW by 2040.
BRL completes Interfloat's acquisition: Indian solar glass maker Borosil Renewables Ltd (BRL) has completed its acquisition of 86% share in Europe's largest manufacturer of textured tempered solar glass Interfloat Group that comprises GMB Glasmanufaktur Brandenburg GmbH (GMB) with 300 tons per day (TPD) production capacity (see Largest European Solar Glass Maker Interfloat To Be Acquired). This acquisition grows BRL's annual production capacity to 750 TPD from the current 450 TPD, reflecting an increase of 66%. As it works to bring online 550 TPD in India in Q4/2022, the combined capacity will further increase to 1,300 TPD. BRL believes this acquisition will strengthen its global market position. With REPowerEU and focus on European solar manufacturing, BRL expects it will inevitably lead to rapid growth in demand for solar glass across Europe in the near future.
"The customers of solar glass are expected to be looking for the availability of higher volumes from a diversified and reliable supply chain with domestic roots. This is especially true after the unpleasant shocks faced due to ongoing disruptions in the existing supply chain impacting the availability of critical components like solar glass," stated BRL.
TPSSL's off-grid solar solutions: Tata Power Renewable Energy Limited's (TPREL) subsidiary Tata Power Solar Systems Limited (TPSSL) has launched off-grid solar solutions in West Bengal, Bihar and Jharkhand. The entire solar kit comprises high efficiency solar modules, inverters and batteries in 11 variants, ranging from 1kW to 10 kW with 5-year warranty. These can be charged during daytime and used during the night and power outages, thereby ensure their energy supply and reduce dependence on diesel generators.