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Keppel Buys Stake in 465 MW Offshore Wind Farm in Germany for $314 Million

Keppel Buys Stake in 465 MW Offshore Wind Farm in Germany for $314 Million

Singapore-based Keppel Corporation and the trustee manager of Keppel Infrastructure Trust (KIT), Keppel Infrastructure Fund Management (KIFM), announced a joint investment of €305 million (~$314 million) to acquire a 50.01% ...
/ / Wind
Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering and construction ...
/ / Finance and M&A, Solar
US to Invest $23 Billion for Clean Energy Deployment, Launches Two New Programs

US to Invest $23 Billion for Clean Energy Deployment, Launches Two New Programs

The U.S. Department of Energy (DOE) has launched two new program offices – the Grid Deployment Office and the Office of State and Community Energy Programs – which together will ...
Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022

Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022

Gravity-based energy storage solutions provider Energy Vault has announced the financial results for the first half (1H) and second quarter (Q2) of the calendar year (CY) 2022. The Switzerland-based company ...
/ / Energy Storage
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...

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Daily News Wrap-Up 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana

Daily News Wrap-Up: 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana

Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi inaugurated a 2G ethanol plant at Panipat Refinery in Haryana. The plant was ...
More Than Enough Land is Available to Support Solar, Wind Development in the US

More Than Enough Land is Available to Support Solar, Wind Development in the US

The National Renewable Energy Laboratory (NREL) has released two new data sets containing 2,000 U.S. wind energy zoning ordinances and 1,000 solar energy ordinances at the state, county, township, and ...
Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $243.24 million in the second quarter (Q2) 2022, a 6.4% year-over-year (YoY) growth compared to $228.47 million ...
IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) ...
Brookfield Renewable Partners Reduces Loss by 98% YoY in Q2 2022

Brookfield Renewable Partners Reduces Loss by 98% YoY in Q2 2022

Canada-based renewable energy investor Brookfield Renewable Partners announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company reported ...
Solar Glass Manufacturer Borosil Renewables' Revenue Up by 25% YoY in Q1 FY 2023

Solar Glass Manufacturer Borosil Renewables’ Revenue Up by 25% YoY in Q1 FY 2023

India-based solar glass manufacturer Borosil Renewables has announced the financial results for the first quarter (Q1) of the financial year (FY) 2023. The company reported revenue of ₹1.69 billion (~$21.31 ...
Solar Developer to be Compensated for Additional O&M Cost Incurred Due to GST Imposition

Solar Developer to be Compensated for Additional O&M Cost Incurred Due to GST Imposition

The Bihar Electricity Regulatory Commission (BERC) recently directed the Bihar State Power Holding Company (BSPHCL) to compensate a solar developer for 'Change in Law' claims due to the imposition of ...
Daily News Wrap-Up Rays Power Infra Commissions 150 MW Solar Project in Karnataka

Daily News Wrap-Up: Rays Power Infra Commissions 150 MW Solar Project in Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Rays Power Infra announced the commissioning of a 150 MW grid-connected solar power plant in Raichur and ...
Nanoparticles Increase Light Scattering, Boost Solar Cell Performance Research

Nanoparticles Increase Light Scattering, Boost Solar Cell Performance: Research

A team of scientists from Pennsylvania State University (Penn State) has found that nanoparticles boost the efficiency of solar cells not because of the up-conversion but due to enhanced light ...
Hydrogen Fuel Cell Company Plug Power's Revenue Rises 21% YoY in Q2 2022

Hydrogen Fuel Cell Company Plug Power’s Revenue Rises 21% YoY in Q2 2022

Plug Power, a U.S.-based provider of green hydrogen and fuel cell solutions, recorded a revenue of $151.27 million in the second quarter (Q2) of 2022, a 21% year-over-year (YoY) growth ...
/ / Finance and M&A, Other
Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022

Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $30.7 million in the second quarter (Q2) of 2022, a year-over-year (YoY) drop of 39% compared to $50.1 million ...
Solar Tracker Provider Array Technologies' Revenue Up by 63% in 1H 2022

Solar Tracker Provider Array Technologies’ Revenue Up by 63% in 1H 2022

U.S.-based solar tracking systems provider Array Technologies has announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company ...
Bhopal Municipal Corporation Issues Tender for 21 MW of Solar Projects

Bhopal Municipal Corporation Issues Tender for 21 MW of Solar Projects

Bhopal Municipal Corporation (BMC) has invited bids for the design, engineering, supply, construction, erection, and commissioning of 21 MW (2x10.5 MW) of solar power projects in the Neemuch district of ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production

Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production

From: Mercom Capital Group Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. A further $50 million of commercial ...
/ / Finance and M&A, Solar
Project Finance Brief: Enfinity Global Raises $242 Million for Solar Projects in Japan

Project Finance Brief: Enfinity Global Raises $242 Million for Solar Projects in Japan

From: Mercom Capital Group Enfinity Global, a renewable energy company, has secured $242 million (~$¥29 billion) in long-term financing for three solar projects in Japan totaling 70 MW. Nomura, a financial institution, acted ...
/ / Finance and M&A, Solar
Tokyo University Research Demonstrates Efficacy of Magnesium Ion-Based Batteries

Tokyo University Research Demonstrates Efficacy of Magnesium Ion-Based Batteries

Researchers from Japan have developed a novel Mg2+ (magnesium ions) conductor with practically applicable superconductivity, which overcomes their poor conductivity in solids at room temperature. Solid-state rechargeable lithium-ion (Li+) batteries ...
Daily News Wrap-Up Lok Sabha Passes Bill to Establish Carbon Credit Trading Markets

Daily News Wrap-Up: Lok Sabha Passes Bill to Establish Carbon Credit Trading Markets

Here are some noteworthy cleantech announcements of the day from around the world: The Lok Sabha passed the Energy Conservation (Amendment) Bill 2022, which provides for establishing carbon credit markets ...
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
Consultancy Tender Issued for Floating Solar Projects in Gujarat

Consultancy Tender Issued for Floating Solar Projects in Gujarat

Gujarat State Electricity Corporation (GSECL) has invited bids from consultants for a detailed feasibility report (DFR), and project management consultancy services to set up floating solar projects at various locations ...
BHEL Invites Bids for O&M of a 100 MW Solar Project in Gujarat

BHEL Invites Bids for O&M of a 100 MW Solar Project in Gujarat

Bharat Heavy Electricals Limited (BHEL) has invited bids for the operation and maintenance (O&M) of a 100 MW grid-connected solar power project at Raghanesda Solar Park (Phase-I) in Gujarat for ...