Sustainability weekly recap: Hindalco secures 26% stake in Ayana Renewable for its Odisha smelter

Decarbonising and sustainable aluminium production is poised to become the foremost focus on the supply side in the coming years. The global aluminium industry is set to prioritise achieving net-zero and carbon-neutral, making it a central driving force in the sector. In its latest strategic move to enhance its renewable energy holdings, Hindalco Industries has finalized the acquisition of a 26 per cent stake in Ayana Renewable Power Four for INR 1.62 crore. Mozambique stands on the cusp of a momentous energy transition, poised to reclaim authority over its hydropower reserves from South Africa. Alcoa Corporation's decision to offload its shuttered Intalco Works aluminium smelter to AltaGas Ltd., a Canadian energy firm, has ignited curiosity and conjecture regarding the destiny of the expansive facility near Ferndale.

Hindalco Industries has acquired a 26 per cent stake in Ayana Renewable Power Four for INR 1.62 crore in its latest move towards bolstering its renewable energy portfolio. This strategic investment aims to ensure a sustainable energy supply for its smelter in Odisha, with plans to provide 100 MW of round-the-clock energy.

To know more: https://www.alcircle.com/news/hindalco-acquires-26-stake-in-ayana-renewable-to-power-its-smelter-in-odisha-105830

Mozambique, poised on the brink of a historic energy shift, plans to reclaim control of its hydropower supply from South Africa, stirring ripples in the continent's industrial powerhouse. The proposed strategy, revealed in an unreleased document obtained by Bloomberg, unveils Mozambique's intention to divert the 1,150 megawatts currently exported to South Africa from the Cahora Bassa plant for its domestic needs.

To know more: https://www.alcircle.com/news/mozambique-s-power-pivot-implications-for-south-africa-s-energy-landscape-and-aluminium-sector-105809

Alcoa Corporation's announcement to sell its closed Intalco Works aluminium smelter to Canadian energy company AltaGas Ltd. has sparked interest and speculation about the future of the sprawling complex near Ferndale. The smelter, once a primary aluminium producer, faced closure, and Blue Wolf Capital's attempt to produce "green" aluminium with hydropower fell through in 2022.

To know more: https://www.alcircle.com/news/alcoas-intalco-works-aluminium-smelter-might-get-transformed-into-a-green-hydrogen-plant-106825

In a significant stride towards advancing the future of clean energy in the Middle East and North African region (MENA), Array Technologies (Array), a global leader in utility-scale solar tracking solutions, has inked a strategic partnership with Aluminum Products Company (ALUPCO®), a distinguished aluminium extrusion company.

To know more: https://www.alcircle.com/news/strategic-partnership-between-array-technologies-and-alupco-illuminates-mena-s-clean-energy-future-106847

Renewable energy frontrunner Pacific Green has unveiled plans for a humungous 2.5 gigawatt-hour grid-scale battery energy park in Portland, strategically positioned near the Portland Aluminium smelter and the Portland Water Treatment Plant. This forward-thinking project aligns with Pacific Green's commitment to advancing sustainable energy solutions.

To know more: https://www.alcircle.com/news/pacific-green-proposes-battery-energy-park-in-portland-with-a-2-5-gw-grid-capacity-105814