Cement News tagged under: renewable power
UltraTech to buy stake in clean energy plant28 March 2024, Published under Cement NewsIndian cement producer UltraTech , part of the Aditya Birla Group , will by a 26 per cent stake in O2 Renewable Energy XXII for approximately INR160m to meet the energy requirements of its cement plants. New Delhi-based O2 is planning a 35-48MW solar power plant in Karnataka, India. The acquisition is part of UltraTech's investments in clean power sources. The share purchase of O2 is also to optimise energy costs and comply with regulatory requirements in terms of captive power consump... |
UltraTech Cement acquires 26% stake in Clean Max Terra29 December 2023, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, Chhattisgarh. The mostepve is part of UltraTech Cement’s strategy to meet its green power target ... |
Orient Cement enters agreement to acquire stake in Ardeur Renewables25 July 2023, Published under Cement NewsIndia-based Orient Cement has entered into a share subscription and shareholders’ agreement with Ardeur Renewables and Cleantech Solar India on 21 July 2023 for the acquisition of a 28.52 per cent stake in Ardeur Renewables’ share capital. It will build two solar power plants with a capacity of 16MWdc in Karnataka and 5.5MWdc in Maharashtra under the Captive Scheme. With the INR95m acquisition, Orient Cement expects to meet its green energy requirement, optimise its energy cost and compl... |
ECOncrete Tech and LafargeHolcim US form partnership13 October 2021, Published under Cement NewsECOncrete Tech Ltd and LafargeHolcim (Holcim) in the US have joined forces to design and produce an ecologically beneficial concrete scour protection unit for offshore wind turbine foundations. The Biden Administration set the goal of creating 30GW of offshore wind by 2030 while protecting biodiversity and promoting ocean co-use , an effort which, to achieve sustainably, should use best available technologies to ensure the health of marine environment and species. The scour prot... |
Cemex UK will use 100% renewable electricity in 201908 January 2019, Published under Cement NewsCemex is partnering with ENGIE a services and regeneration group that uses 100 per cent renewable electricity to supplied sites. ENGIE has been providing electricity to over 150 CEMEX UK sites for over 10 years but has also supplying gas to 33 of these sites. Going forward all of the electricity supplied to the sites will be from 100 per cent renewable energy sources, including wind energy. Cemex is also taking advantage of ENGIE's demand-side services, such as load management, to avoid pe... |
Loma Negra to buy 15MW of renewable energy from Genneia05 January 2018, Published under Cement NewsArgentina’s Loma Negra will purchase 15MW of power from renewable energy company Genneia. The power will be generated by Genneia’s Rawson wind farm in Chubut province. Genneia has invested US$40m to expand the installed capacity of the wind farm by 24MW to 108.7MW. Most of the additional power will be bought by Loma Negra in a 20-year power supply agreement that will see the cement company lift its share of renewable power in its total electricity demand to eight per cent by the end of 201... |
India: Dalmia Cement commits to 100% renewable power14 November 2016, Published under Cement NewsDalmia Cement Ltd is the first cement company in India to join RE100, a global collaborative initiative of the world’s most influential companies committed to running their operations with 100 per cent renewable power, led by The Climate Group in partnership with CDP. Following the addition of 8MW solar photovoltaic capacity for its captive use, the company said it would aim to raise its share of renewable energy consumption fourfold by 2030 when compared with 2015. Dalmia currently sour... |
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