BHP Billiton Group Ltd raised its long-term demand forecast for steel as the global shift towards decarbonising power generation will boost demand for it. The miner expects global steel production to increase by 42 million tonnes and 76 million tonnes in 2030 and 2050, much of which is due to demand for solar and wind equipment. BHP Billiton is one of the world's largest iron ore producers.
Renewable energy is seen as vital in global efforts to combat climate change. But so far they are acting to limit the amount the world turns to fossil fuels to meet its energy needs. Global demand increased by 389 terawatt hours (TWh) in the first half of 2022, while wind, solar and hydropower combined increased by 416 TWh.
Adani Renewable Energy Holdings IV has established three new renewable energy business subsidiaries. The newly formed entity is its subordinate subsidiary. The main objective of the new subsidiary is to generate, develop, convert, distribute, transmit, sell, supply any type of electricity or electrical energy using wind, solar or other renewable energy sources.
Punjab's Minister of New and Renewable Energy, Aman Arora, has sought Central Financial Assistance (CFA) for power supply of up to 15 horsepower (HP) capacity under the PM-KUSUM scheme under the model of the Northeast and Hill States. Agricultural pump set for solarization. Most pumps have capacities ranging from 10HP to 15HP, and insolation costs can be high, he said.
Ohmium International and Amp Energy India have partnered to deploy a 400 MW green hydrogen project. These deployments are targeted at medium-sized commercial and industrial (C&I) projects of 25 MW or smaller, with installations planned over the next three years. Ohmium manufactures standardized modular proton exchange membrane (PEM) electrolyzers that produce pressurized high-purity hydrogen.
Vedanta has issued an Expression of Interest (EOI) for an additional 500 megawatts (MW) of renewable energy. The company previously secured 580 megawatts of round-the-clock (RTC) renewable energy through Serentica Renewables. Vedanta has committed $5 billion over the next 10 years to accelerate the transition to net-zero operations.