Greenko Group has signed an agreement with Belgian manufacturer John Cockerill to produce alkaline electrolyzers for the Green Ammonia Plant in Una, Himachal Pradesh. The Una plant will install 28 5MW electrolyzers, bringing the hydrogen production capacity of the high-voltage alkaline electrolyzers to 140MW. The electrolyser order was executed within the framework of a strategic cooperation agreement signed in March 2022.
Spending on energy transition projects totaled $1.1 trillion last year, matching spending on fossil fuels. The increase was due to the energy crisis following Russia's invasion of Ukraine. Renewable energy was the largest area of investment at $495 billion, followed by electrified transportation projects. China - the world's largest polluter - is by far the largest investor in the energy transition.
U.S. solar contract prices have soared by a third over the past year as developers struggle to secure imported panels. But wind energy prices have fallen slightly in recent months, thanks to major new federal subsidies. Since June, U.S. customs officials have seized hundreds of shipments of solar panels at U.S. ports, sending solar prices soaring.
The first G20 Energy Transition Working Group (ETWG) meeting under India's presidency will be held in Bengaluru from 5-7 February. The meeting will have more than 150 participants, including G20 member countries and nine specially invited guest countries. It will examine every technical aspect of the value chain, from capture to storage and utilization pathways.
The European Commission's plan to create a new EU fund for green industry is facing growing opposition. Seven EU countries publicly rejected the idea in a letter to the EU executive. The letter was signed by the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia and Slovakia. Germany, the Netherlands and Belgium also oppose any new joint EU borrowing.
Greece's largest power utility, Public Power Corp. (PPC), and Germany's RWE have taken a final investment decision to build five solar farms in Greece. The farms will cost 180 million euros ($196 million) and have a combined capacity of around 200 megawatts. They are expected to be fully operational by the end of the first quarter of 2024.