Avaada Group raises $1.07 billion to fund its hydrogen and green ammonia projects in India. With this fundraising, the company will be able to pursue its goal of becoming a major player in the global energy transition, while positioning itself as an industry leader in India.
Xlinks, an ambitious project to supply 8% of the UK’s renewable electricity, has reached a crucial milestone by raising £30 million in funding for its development phase. It is supported by Abu Dhabi National Energy Company PJSC (TAQA) and Octopus Energy Group.
The Lenzing Group, world leader in special fibers for the textile and non-woven industries, has signed a contract for the acquisition of a 43 MW biomass power plant. This strategic acquisition will enable Lenzing to significantly reduce its dependence on fossil fuels.
Australia has closed its oldest coal-fired power station, located about three hours north of Sydney, as part of a dramatic shift to renewable energy. The Liddell power station supplied about 10% of the electricity consumed in New South Wales, the most populous state in Australia.
Atlas Renewable Energy has just signed a landmark agreement with Albras, Brazil’s largest primary aluminum producer, to supply sustainable solar power for 21 years, the longest contract ever recorded in Latin America for a renewable energy APP.
In China, the digitization of coal mines is accelerating, with robots and advanced technology gradually replacing human workers. But this modernization raises questions about the environmental impact of the mining industry and the fate of the workers.
In the first quarter of the year, EDF recorded a 34.6% increase in revenues compared to the same period last year, despite a drop in its nuclear production. High energy market prices and the acquisition of new residential customers in France contributed to this growth.
Enel is expected to sell about 50% of its Greek renewable energy subsidiary, Enel Green Power Hellas, to Macquarie by May, as part of its strategy to reduce debt and streamline international operations.
Green Genius signs a service contract with Nordex to supply eleven wind turbines, strengthening its renewable energy portfolio in Lithuania. The Jurbarkas wind farm will provide 85 MW of green energy and will be completed by 2025.
PASH Global and ERIH Holdings are partnering to create a joint venture to develop green hydrogen and ammonia projects with 5 GW of electrolyzer capacity. This ambitious initiative will be powered by 10 GW of renewable energy capacity.
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