Daily News Summary: MNRE reiterates expansion of renewables as part of CSR activity

Here are some of the day’s notable cleantech announcements from around the world:

In a recent notification, the Ministry of New and Renewable Energy (MNRE) reiterated inclusion of renewable project development as part of corporate social responsibility (CSR) activity. Schedule VII of the Companies Act 2013 mentions an illustrative list of activities that companies can undertake as part of their CSR policies. The list also includes the guarantee of environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintenance of soil quality. , air and water, including the contribution to the Clean Ganga Fund set up by the central government for the rejuvenation of the Ganges. The Ministry of Corporate Affairs also clarified that CSR activities listed in Annex VII of the law and that “renewable energy projects” should be covered by article no. (iv) Schedule VII.

California Independent System Operator (ISO) Board of Governors approved the 2021-2022 ten-year transportation plan worth $2.9 billion. The plan identified 23 system expansions, upgrades and reinforcements projects to build grid resilience during the state’s electrification push and ongoing transition to carbon-free resources. The increase is attributed to rapid acceleration required for new generations driven by state goals to obtain all electricity from carbon-free resources by 2045 and further electrify sectors of transportation, industrial and residential. The plan is based on an intermediate level of approximately 2,700 MW of new resources per year.

Automaker Stellantis NV and LG Energy Solution realized binding definitive agreements to establish a large-scale electric vehicle battery manufacturing facility in Canada. The joint venture will invest over C$5 billion (~$4.1 billion) in establishing its operations, including a brand new battery manufacturing plant located in Windsor, Ontario, Canada. Construction activities for the plant are expected to begin later this year, with production operations expected to begin in the first quarter of 2024. The facility aims to have an annual production capacity of over 45 GWh.. The joint venture will produce lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production needs in North America.

The World Bank provided Serbia a $50 million loan to support the country’s transition to environmentally friendly energy sources. Under the project, named Scaling Up Residential Clean Energy (SURCE), Serbian citizens will benefit from cleaner and more efficient heating solutions and rooftop solar photovoltaic systems. Some 25,000 households are expected to directly benefit from the project, while the solar installations are expected to increase Serbia’s installed renewable energy capacity by 4 MW. The project is designed to lead to energy savings, increased comfort and warmer homes for residents through investments in clean and efficient heating solutions and rooftop solar photovoltaic systems. moving away from polluting fossil fuels that dominate Serbia’s energy mix.

The sustainable development consulting firm ERM and Source Energie are joining forces to develop floating wind farms in the Celtic Sea that produce green hydrogen. The technology combines electrolysis, desalination and hydrogen production on a floating wind platform. The generated hydrogen will be transported to the coast by a pipeline. The first project under development, named Dylan and located 60km off Pembrokeshire, is expected to be deployed in 2027 or 2028. It could be expanded to over 2 GW in the future, which would provide enough hydrogen to heat around one million homes. The Welsh Government’s Smart Living initiative supports the project. As part of its commitment to net zero and the Wales Hydrogen Pathway, the Welsh Government has funded Phase 1 and Phase 2 studies to explore the suitability of the Celtic Sea for combining offshore floating wind and the production of hydrogen.