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Solar stocks tumble as House conservatives press to end Inflation Reduction Act tax credits sooner, exposing industry reliance on federal incentives amid tense budget talks.

Indian state-owned power generator Satluj Jal Vidyut Nigam (SJVN) has consented to set up a joint venture (JV) with Grid Corporation of Odisha to develop 3 GW of solar as well as hydropower projects in the Eastern Indian state of Odisha.

The renewable energy park will hold projects of solar energy, wind power, green hydrogen and a BESS that will certainly replace Pego Coal Power Plant. Endesa has safeguarded connection rights of 224 MVA.

Encavis and Badenova form new company, Encavis Energieversorger I GmbH, to invest EUR 200 million in renewable energy projects, with a portfolio of 500 MW wind and solar systems. Open to more partners to reach 1 GW by 2035.

When GreenHat Energy collapsed after blowing millions hypothesizing on power costs, it came to be level: Energy traders are basically betting, and ratepayers back every wager.

Intersect Power LLC closes up-to-USD-800-million revolving corporate credit facility to fund renewable energy & storage production, green hydrogen projects, and 2.2 GW of solar & 1.4 GWh of storage capacity. A consortium of Deutsche Bank, Nomura & Santander serve as Coordinating Lead Arrangers.

BayWa AG has concluded its investor search for the organized funding boost at BayWa r.e. Renewable Energy GmbH.

The Queensland federal government in Australia launched a draft costs that legislates an 80% renewable resource target by 2035 and sets an objective to transform the state's coal-fired power stations into clean energy hubs.

Both organisations will certainly cooperate over the following 5 years as well as will certainly concentrate on project development in renewable energy, green hydrogen and green desalination across nations. The nations of focus consist of Uzbekistan, Azerbaijan and also Egypt, with the objective of supporting sustainable power transition there.

A EUR15.2 million power-to-X-to-power hydrogen storage center is being planned in Saillat-sur-Vienne, in Nouvelle-Aquitaine. The project partners want to utilize renewable energy from the grid and water to produce and save electrolyzed hydrogen. It would then be blended with gas to power an updated, 12 MW Siemens SGT-400 industrial gas turbine which previously created vapor for neighborhood production as well as would have the ability to return power to the grid to satisfy need.

Renewable energy developer Green Lantern Solar finished a solar array for Chroma, a qualified B Corporation in the precision optical filter sector. The 500-kW ground-mount array is generating sufficient energy to offset one-third of Chroma's annual energy expenses.

Hive Hydrogen and Linde plc have actually collaborated to establish the "world's biggest green ammonia export plant" in Nelson Mandela Bay, South Africa, that will certainly have a 780,000 ton/year production capacity.

NV Energy has floated a tender for development of clean power projects, which was preceded by approval of Nevada-based PV and energy storage deployment by the state’s Public Utilities Commission.

Powering electrolysers with renewables generation that would certainly otherwise be stopped could be an efficient approach for generating green hydrogen in the coming years until the H2 sector gain from additional price declines, it was recommended throughout a panel discussion.

Europe has established a leading position throughout the green hydrogen value chain but now should increase financial investments to develop out infrastructure while committing green hydrogen targets to legislation.