LATEST NEWS
Orb Energy Secures $20 Million To Develop 25 MW Solar Park and Rooftop Solar Projects
Orb Energy, a vertically integrated provider of solar energy solutions in India, announced it had received a $20 million follow-on loan for a tenor of up to 10 years from ...
Suncor Energy Sells Wind & Solar Assets, Shifts Focus to Hydrogen and Renewable Fuels
Canadian integrated energy company Suncor has agreed to sell its wind and solar assets for C$730 million (~$537.61 million) to Canadian Utilities, an ATCO company. The acquisition includes a diversified ...
Fortescue and Tree Energy to Develop Green Hydrogen Integrated Project in Europe
Global green energy company Fortescue Future Industries and green hydrogen (H2) company Tree Energy Solutions (TES) will jointly develop what is claimed to be the world’s largest green hydrogen integrated ...
Solar Power Traded at ₹5.05/kWh in Green Term Ahead Market at IEX in September
The Indian Energy Exchange (IEX) traded 454 million units (MU) of renewable energy in September 2022, registering a 4% month-over-month (MoM) growth. However, the total energy traded on the exchange ...
Project Finance Brief: Lightsource bp Closes Financing for a 210 MW Solar Project in Brazil
From: Mercom Capital Group Lightsource bp, a solar project developer, closed R$800 million (~$148.7 million) financing for its 210 MW of Milagres Solar project in Brazil. Banco do Brasil provided R$423 million (~$78.6 ...
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Funding and M&A Roundup: Energy Storage Firm Moxion Secures $100 Million to Scale Production
From: Mercom Capital Group Moxion Power, a manufacturer of mobile energy storage technology, announced securing $100 million in Series B funding, led by Tamarack Global, with participation from existing investor Energy Impact ...
Daily News Wrap-Up: EU Approves $133 Million to Support BASF in Green Hydrogen Production
Here are some noteworthy cleantech announcements of the day from around the world: The European Commission has approved a €134 million (~$133 million) measure to support BASF in producing renewable ...
217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People
The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by ...
Australia’s Queensland to Spend $40 Billion to Develop Renewable Supply Chain
Queensland plans to spend A$62 billion (~$40.11 billion) over the next 15 years to build a robust renewable supply chain in the Australian state. The Queensland Energy and Jobs Plan ...
SJVN Floats Tender for 70 MW of Solar Projects in Himachal Pradesh
SJVN Green Energy, a wholly-owned subsidiary of SJVN, has invited bids to install and commission 70 MW of grid-connected solar power projects in Himachal Pradesh. The projects will be installed ...
Daily News Wrap-Up: EESL Installs Over Three Million Smart Meters
Here are some noteworthy cleantech announcements of the day from around the world: Energy Efficiency Services Limited (EESL), as part of its Smart Meter National Program, installed over three million ...
Month in a Minute: Top Headlines from Indian Renewable Sector in September 2022
Here is a recap of some of the most important headlines from September 2022: India added 1.3 GW of new open access solar capacity in the first half (1H) of ...
Machine Learning Algorithm Developed to Study EV Battery Charging Time, Performance
Researchers from the University of Cambridge in the United Kingdom claimed to have developed a machine learning (ML) algorithm that can help reduce the charging times of batteries used in ...
Umicore and Volkswagen’s PowerCo in €3 Billion Deal for Battery Materials Production
Umicore, a Belgium-based circular materials technology company, and Volkswagen Group’s battery unit PowerCo have announced a joint venture with a plan to invest about €3 billion ($2.9 billion) to establish ...
Wind Industry Veteran and Suzlon Energy Founder Tulsi Tanti Passes Away
Tulsi R Tanti, the Founder, and Chairman of wind energy company Suzlon Energy, passed away Saturday evening in Pune. Tanti was in Ahmedabad, attending a chain of meetings on the ...
Guidelines Issued for Tranche II of PLI Program for Solar Cells and Modules
The Ministry of New & Renewable Energy (MNRE) has approved ₹195 billion (~$2.61 billion) to achieve gigawatt-scale manufacturing of high-efficiency solar photovoltaic modules under the second phase (Tranche II) of ...
EoI Issued to Empanel Lending Institutions for Financing EVs Across India
Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel financial institutions to finance electric vehicles ...
Germany’s RWE Acquires Con Edison Clean Energy in $6.8 Billion Deal
Germany-based power producer RWE AG signed a purchase agreement with Con Edison to acquire all shares in Con Edison Clean Energy Businesses (CEB) for a purchase price based on an ...
Consultancy Tender Issued for a Floating Solar Project in West Bengal
West Bengal Power Development Corporation (WBPDCL) has invited bids to select a consultant to conduct pre-feasibility studies to finalize the capacity and prepare a detailed project report (DPR) for a ...
Thermal Projects Bundled with Renewables Can Dispatch Power Without Agreement
Thermal and hydropower projects with standalone or renewable energy projects with Battery Energy Storage Systems (BESS) can be set up anywhere and dispatched to any generating station without any additional ...
MSEDCL Invites Bids to Procure Power from 500 MW of Intrastate Solar Projects
Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 500 MW of power on a long-term basis from 500 MW (Phase IX) of grid-connected intrastate solar power projects ...
Daily News Wrap-Up: Vedanta to Scale Up its Renewable Energy Procurement to 1 GW
Here are some noteworthy cleantech announcements of the day from around the world: Vedanta, a global diversified natural resources company, announced that it is scaling up its renewable energy sourcing ...
Four-terminal Architecture Push Perovskite Cells’ Performance to Over 30% Efficiency
Recent efforts by TNO, TU Eindhoven, imec, and TU Delft, partners in Solliance, a solar research institute in the Netherlands, claim to have pushed the conversion efficiency of tandem solar ...
Brookfield Acquires Scout Clean Energy and Standard Solar for Over $1.5 Billion
Renewable energy investor Brookfield Renewable, together with its institutional partners, has announced the acquisition of two clean energy companies in the United States for over $1.5 billion. Brookfield Renewable will ...
Andhra Pradesh Sets Renewable Power Purchase Obligation Targets Until 2026-27
The Andhra Pradesh Electricity Regulatory Commission (APERC) has announced the renewable power purchase obligation (RPPO) targets until the financial year (FY) 2026-27. The RPPO targets are 18% for FY 2022-23, ...
