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Consortium looks at green energy project in Qld

Article Republished By Javier Troconis

PERTH (miningweekly.com) – An energy consortium, consisting of Queensland government-owned energy company CS Energy, Idemitsu Australia, and Energy Estate, will jointly study the feasibility of generating and exporting green ammonia from the Port of Abbot Point near Bowen.

The North Queensland Clean Energy (HyNQ) project was initiated by Energy Estate in 2020, and created to develop a global-scale green ammonia facility utilising the strong natural resources of North Queensland.

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The project looks to harness the benefits of existing infrastructure, while drawing on the experienced workforce and supply chain of North Queensland.

The joint study will review the technical, environmental and commercial feasibility of manufacturing and exporting 500 000 t/y of green ammonia, and the consortium will fund the ongoing pre-front-end engineering and design (FEED) activities. The HyNQ project aims to complete pre-FEED activities in the second half of 2023, with the hydrogen and ammonia production to start in 2027/28.

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Queensland Energy, Renewables and Hydrogen Minister Mick de Brenni said that Queensland’s clean energy transformation was the state’s greatest jobs opportunity in a generation.

“Our Queensland Energy and Jobs Plan provides the key ingredients to becoming a global hydrogen superpower and sets us up to play a leading role in helping the world achieve its decarbonisation ambitions” De Brenni said.

“This is another vote of confidence from our trading partners following the release of our first-of-its-kind in Australia report highlighting Queensland’s capacity to produce and export renewable hydrogen.

“From our hydrogen superhighway and hydrogen training facilities to electrolyser manufacturing and export capabilities, we’re setting Queensland’s economy up to power the world’s future,” he said.

Idemitsu Australia CEO Steve Kovac said the study was a critical step to supply low-carbon energy solutions and forms part of the HyNQ project to build infrastructure to support green industries and deliver a pathway for green hydrogen and ammonia production.

“This is another major opportunity for North Queensland as we continue to build low-carbon and decarbonisation businesses and pave the way for Australia’s energy transition.

“We are excited to partner with Energy Estate and other consortium members to examine the feasibility of manufacturing and exporting green hydrogen and ammonia.” 

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Consortium looks at green energy project in Qld

Article Republished By Javier Troconis

PERTH (miningweekly.com) – An energy consortium, consisting of Queensland government-owned energy company CS Energy, Idemitsu Australia, and Energy Estate, will jointly study the feasibility of generating and exporting green ammonia from the Port of Abbot Point near Bowen.

The North Queensland Clean Energy (HyNQ) project was initiated by Energy Estate in 2020, and created to develop a global-scale green ammonia facility utilising the strong natural resources of North Queensland.

Advertisement

The project looks to harness the benefits of existing infrastructure, while drawing on the experienced workforce and supply chain of North Queensland.

The joint study will review the technical, environmental and commercial feasibility of manufacturing and exporting 500 000 t/y of green ammonia, and the consortium will fund the ongoing pre-front-end engineering and design (FEED) activities. The HyNQ project aims to complete pre-FEED activities in the second half of 2023, with the hydrogen and ammonia production to start in 2027/28.

Advertisement

Queensland Energy, Renewables and Hydrogen Minister Mick de Brenni said that Queensland’s clean energy transformation was the state’s greatest jobs opportunity in a generation.

“Our Queensland Energy and Jobs Plan provides the key ingredients to becoming a global hydrogen superpower and sets us up to play a leading role in helping the world achieve its decarbonisation ambitions” De Brenni said.

“This is another vote of confidence from our trading partners following the release of our first-of-its-kind in Australia report highlighting Queensland’s capacity to produce and export renewable hydrogen.

“From our hydrogen superhighway and hydrogen training facilities to electrolyser manufacturing and export capabilities, we’re setting Queensland’s economy up to power the world’s future,” he said.

Idemitsu Australia CEO Steve Kovac said the study was a critical step to supply low-carbon energy solutions and forms part of the HyNQ project to build infrastructure to support green industries and deliver a pathway for green hydrogen and ammonia production.

“This is another major opportunity for North Queensland as we continue to build low-carbon and decarbonisation businesses and pave the way for Australia’s energy transition.

“We are excited to partner with Energy Estate and other consortium members to examine the feasibility of manufacturing and exporting green hydrogen and ammonia.” 

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Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

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Inox Wind and its subsidiary Inox Green Energy Services paid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

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Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

Listen to this article

Inox Wind and its subsidiary Inox Green Energy Services paid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

Categories
Uncategorized

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

Listen to this article

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

Categories
Uncategorized

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

Listen to this article

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

Categories
Uncategorized

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

Listen to this article

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

Categories
Uncategorized

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Article Republished By Javier Troconis

Listen to this article

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage their balance sheets.

As a result, corporate guarantees given by Gujarat Fluorochemicals, Inox’s parent company, have been reduced to that extent, the company said in its BSE (Bombay Stock Exchange) filing.

Both companies are in the process of further reducing their debt. Inox’s stated near-term goal is to deleverage all its operating entities, and this repayment is considered a significant step toward achieving that goal.

Inox Green’s shares were listed on the BSE and National Stock Exchange of India on November 23. The company’s IPO comprised of fresh issuance of equity shares worth ₹3.7 billion (~$45.47 million) and an offer-for-sale of ₹3.7 billion (~$45.47 million) Inox Wind equity shares.

Inox Green’s board had approved the allotment of 113,846,152 equity shares at an offer price of ₹65 (~$0.80) per equity share, including a share premium of ₹55 (~$0.68) per share. Of this, 56,923,076 equity shares have been allotted under the fresh issue portion of the offer.

Inox Green was initially incorporated as a public limited company in May 2012 as Inox Wind Infrastructure Services. The name was changed to Inox Green Energy Services in October 2021.

In September this year, Inox Wind received approval to raise funds of ₹8 billion (~$98.06 million) by issuing 0.01% non-convertible non-cumulative participating redeemable preference shares of the face value of ₹10 (~$0.12) each.

Inox Green Energy’s subsidiary Wind Two Renergy was recently acquired by Torrent Power for ₹325.1 million (~$4.09 million). Torrent Power had acquired 32.51 million equity shares of Wind Two Renergy, which had previously executed a 50 MW wind power project at Dayapar village in the Kutch district of Gujarat.

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The Home Depot Charges Ahead with 100 MW of Solar Energy

Article Republished By Javier Troconis

The Home Depot has pledged to produce or procure 100% renewable electricity equivalent to the electricity needs for all Home Depot facilities by 2030, expanding the company’s previous commitment to produce or procure 335 megawatts of renewable or alternative energy by 2025.

The Home Depot announced that 100 MW of solar energy purchased from National Grid Renewables at its solar and storage project in Denton County, Texas (known as Noble) will generate the approximate equivalent of nearly eight percent of The Home Depot’s total electricity usage. The solar farm is National Grid Renewables’ largest solar energy project to date, and its first utility-scale energy storage project.

The Home Depot has pledged to produce or procure 100% renewable electricity equivalent to the electricity needs for all Home Depot facilities by 2030, expanding the company’s previous commitment to produce or procure 335 megawatts of renewable or alternative energy by 2025.

“Solar energy is the most abundant energy resource on earth,” said Ron Jarvis, chief sustainability officer for The Home Depot. “With this purchase, we are getting a step closer to our goal to produce or procure 100% renewable electricity equivalent to the needs of our facilities. We anticipate about three-quarters of our alternative and renewable energy capacity will come from solar energy by the end of 2023.”

Noble is a 275 megawatt (MW) solar and 125 megawatt hour (MWh) energy storage project located in the Electric Reliability Council of Texas (ERCOT). Noble is projected to avoid 450,000 metric tons of carbon dioxide emissions annually during operation.

The Home Depot is reducing its carbon footprint by improving the efficiency of the company’s operations and investing in alternative energy solutions. Since 2010, The Home Depot has reduced electricity consumption in its U.S. stores by 50 percent and currently operates rooftop solar farms on more than 80 stores and electricity-generating fuel cells in more than 200 stores.

The Home Depot currently purchases solar power from a 75 MW facility and is under contract for another 50 MW of solar capacity. The company also purchases energy from a 50 MW wind facility. The Home Depot expects the combined annual renewable energy generation from these agreements would be enough to power more than 500 stores.

For more information about how The Home Depot is doing its part to operate sustainably, visit corporate.homedepot.com.

About The Home Depot

The Home Depot is the world’s largest home improvement specialty retailer. At the end of the third quarter of fiscal year 2022, the company operated a total of 2,319 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 500,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. The Home Depot is #17 on the 2022 Fortune 500.

About National Grid Renewables

National Grid Renewables develops and operates large-scale renewable energy assets across the United States, including solar, wind, and energy storage. As a farmer-friendly and community-focused business, National Grid Renewables repowers America’s electricity grid by reigniting local economies and reinvesting in a sustainable, clean energy future. National Grid Renewables supports National Grid’s vision of being at the heart of a clean, fair, and affordable energy future for all. To learn more about National Grid Renewables, visit www.nationalgridrenewables.com or follow the company on Twitter or LinkedIn.

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AIM Capital Ltd. Continues Regaining Legitimate Control Over Its Fertilizer Assets Worldwide