Page 146 - CW E-Magazine (13-8-2024)

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GREEN ENERGY

‘Renewable energy projects of over 150-GW capacity

being implemented in India’

Renewable energy projects of about been completed, he informed. The been a great initiative. If government
151-GW capacity are under various renewable energy capacity has increased agencies continue to exceed their tar-
stages of implementation in the country, over 2.5 times from 76-GW in 2014 to gets and start mandating auctions
according to Union Minister for New more than 195-GW as of June 2024, through PPA/PSA signing, as a part of
and Renewable Energy, Mr. Pralhad Mr. Joshi said. the trajectory, we will witness a signi-
Joshi. He further said that around fi cant increase in installations in the
76.42-GW of renewable energy capa- The solar power capacity witnessed coming years,” Mr. Raj Prabhu, CEO
city will be operationalised in next 3-4 a steep jump from just 3-GW in 2014 of Mercom Capital Group said.
years. He was speaking at the ‘Mercom to more than 85-GW now while wind
India Renewables Summit 2024’ in power capacity increased from 21-GW The installations are poised to take
New Delhi recently. to more than 46-GW, the minister off in a big way starting this year as the
added. market enters the next level of growth
The tendering process for 76.42-GW and becomes one of the top three solar
capacity of projects has already “The recent bidding trajectory has markets in the world, he added.

CHANGE OF PLANS

Thermax scouting for new partner for green hydrogen

projects

Thermax has plans to venture into During the recent quarter, Thermax expand its chemical business. The com-
green hydrogen and has set up a strate- unveiled a manufacturing factory in pany is looking at potential participa-
gic unit for hydrogen EPC projects and Pune for water and wastewater solu- tion in thermal projects, with multiple
localisation of electrolyser manufac- tions. projects expected to be awarded in Q3/
turing. FY25.
The company acquired a 51% stake
As a proposed collaboration with in TSA Process Equipments to offer The chemical segment grew by
Australian company Fortescue Future end-to-end solutions for highly puri- 35%, green solutions by 19%, and
Industries (FFI) for green hydrogen fi ed water, ultra-pure water, and water industrial products by 6% during the
projects, and manufacturing facilities for injectables across fast-growing quarter, compared to the same period
in India, did not materialise, Thermax industries. Additionally, Thermax of the previous year. The company has
is now scouting for a new partner. It is established a wholly-owned subsidiary, also secured a fuel cell project for sub-
expected to be fi nalised within 90 days. Thermax Chemical Solutions, to marines from the Indian Navy.

Remedium Lifecare to acquire technology for

manufacturing lithium carbonate in India

Remedium Lifecare has entered company has also signed an annual January-March 2025 quarter, and for CY
into a strategic agreement with Angel Supply Agreement with Alfa Chemi- 2025 are valued at $20-25 million. Tech-
Partners, UK, effective July 29, 2024, cals and Solvents, Turkey, effective the nical – grade lithium carbonate is used in
to acquire technology for manufactur- same date. Supplies of technical – grade lithium-ion batteries for electric vehicles
ing lithium carbonate in India. The lithium carbonate will commence in the and portable electronics.

146 Chemical Weekly August 13, 2024

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