Rethink Energy 146: Tata invests $5.2 billion in UK battery factory; Germany raises 12.6 billion in offshore wind auction
India's Tata Group - the parent company of Jaguar Land Rover - has announced its $5.2 billion 40 GWh battery factory in the UK, following a lengthy negotiating period with the UK government where it will receive significant subsidies. Germany has completed a \u20ac12.6 billion auction for offshore wind development which experienced negative pricing with significant interest from oil majors BP and TotalEnergies. Perovskite companies are deploying small scale projects in China, looking to prove its feasibility in high-humidity conditions.