Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTApril 16 (Renewables Now) - Greenam Energy Pvt Ltd, a unit of Singapore-based AM International Holdings, has officially launched construction of a 24-MW floating solar park in Tamil Nadu, India.
The start-up of the project was marked by a foundation laying ceremony, Greenam Energy said on Monday. The photovoltaic (PV) plant, itself, will be installed in a water reservoir within the Tuticorin factory complex of Indian fertilizers and chemicals manufacturer Southern Petrochemical Industries Corp Ltd (BOM:590030), or SPIC. The latter will use the generated electricity for its operations, while the excess power will be sold to state power utilities.
EDAC Engineering Ltd, part of the SPIC group of companies, will be in charge of building the plant. Greenam Energy will be the owner of the facility.
Apart from promoting the use of renewables, the PV system will help SPIC achieve “significant energy costs savings” and lower its reliance on external power suppliers. According to Greenam Energy, the project is one of India’s first floating renewable energy initiatives aiming to enhance the energy production of industrial sites.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST