Author Archives: Staff
Funding and M&A Roundup: Tokyo Gas Acquires 514 MW Solar Project, Northvolt Raises $1.6B
Here are some important funding and m&a updates from the global renewable energy industry from the past week: Northvolt, a lithium-ion battery manufacturer, announced the signing of a $1.6 billion ...
Power Finance Corporation Gives ₹23.89 Million to IIT-Kanpur for Smart Grid Research
The Power Finance Corporation Limited (PFC Limited) has signed a Memorandum of Association (MoA) with the Indian Institute of Technology – Kanpur (IIT-K) for training, research, and entrepreneurship development in ...
BMW Targets Seven Million Electric Vehicles on the Road by 2030
The BMW Group, a Germany-based luxury automobile manufacturer, announced that it hadset a target of producing seven million electric vehicles (EVs) by 2030, making resource efficiency and sustainability central to ...
Masdar, Jinko, and TAQA to Develop UAE’s 2 GW Al Dhafra Solar Project
The Emirates Water and Electricity Company (EWEC) announced that it has awarded the 2 GW Al Dhafra solar PV project to a consortium comprising Abu Dhabi National Energy Company (TAQA), ...
Sembcorp Energy Commissions 800 MW of Wind Projects
Sembcorp Energy India Limited (SEIL) announced that it had commissioned 800 MW of wind power projects in India. ` In its press statement, SEIL said that with this development, it ...
Singapore Set to Get a New Peer-to-Peer Renewable Trading Platform
Singapore-based Senoko Energy announced that it had launched a pilot project for peer-to-peer (P2P) renewable energy trading. The project is supported by an ELECTRIFY and ENGIE Factory, the venture arm of French ...
Weekly News Wrap-Up: Canadian Solar Soon on Chinese Capital Markets, Freyr Energy Launches App
Canadian Solar Inc. announced that it has decided to list its business on Chinese Capital Markets. According to its press statement, the company said it would pursue a listing of its ...
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
Haryana Floats Tender for 3 MW of Rooftop Solar Systems With Net Metering
The Haryana Renewable Energy Development Agency (HAREDA) has issued a tender to install 3 MW of grid-connected rooftop solar projects with a net metering facility. Interested bidders are expected to ...
Africa-Based REDAVIA Gets $1.73 Million Loan to Expand its Solar Power Leasing Model
African solar developer REDAVIA announced that it received €1.5 million ($1.73 million) as its first catalyst loan from Energy and Environment Partnership Trust Fund (EEP Africa). REVADIA develops solar projects ...
Weekly Wrap-Up: Jinko Achieves New Efficiency Record, Greenko to Modernize Wind Turbines
Here are some noteworthy company announcements from the week: Qatar General Electricity and Water Corporation (KAHRAMAA) has announced the successful financial closure for the 800 MW solar project Siraj-1. According ...
UL Launches BIS Recognized Testing Service for Solar Inverter Manufacturers in India
Underwriters Laboratories (UL), a global safety science company, announced that it had launched a testing service facility for solar inverter manufacturers in India. According to its press release, UL has expanded ...
APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower
The Arab Petroleum Investment Corporation (APICORP) announced that it would provide a $50 million credit facility to SirajPower, a UAE-based distributed solar developer, to expand its portfolio in the Middle ...
IFC, EBRD, European Union Finance Armenia’s First Utility-Scale Solar Project
The International Finance Corporation (IFC), European Union (EU), and European Bank for Reconstruction and Development (EBRD) have joined hands to support the development of the first utility-scale solar power project ...
NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India
NTPC Limited has floated a request for proposal (RfS) to acquire 1 GW of operational solar projects across India. Interested bidders are expected to submit an earnest money deposit (EMD) ...
Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup
PETRONAS, Malaysia's state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential ...
Kerala Seeks Empanelled EPC Contractors to Set Up EV Charging Stations
Kerala State Electricity Boards Limited (KSEB) has invited bids from engineering, procurement, and construction (EPC) contractors to install 26 electric vehicles (EV) charging stations at various government-owned locations in the ...
Fourth Partner Energy Raises $15 Million in Third Funding Round to Expand Solar Portfolio
Distributed solar company, Fourth Partner Energy, has raised $15 million (~₹1.1 billion) in debt funding from responsAbility, a Switzerland-based development asset manager. According to the company’s press statement, the funding ...
CIM Group Invests $40 Million in Solar Panel Cleaning Robotics Company Ecoppia
Robotic solar cleaning solutions provider Ecoppia announced that it secured a $40 million credit facility from a U.S.-based CIM Group. CIM is a community-focused real estate and infrastructure owner, operator, ...
CleanMax Installs a 15 MW Solar-Wind Hybrid Project for Food Corporation Cargill
Cargill, a U.S.-based global food corporation, announced a joint venture with CleanMax, an Indian rooftop solar developer, to set up wind and solar hybrid power park in Karnataka. According to ...
Solis to Launch its 255K Solar Inverter on 22 July 2020
2020 is the year when the photovoltaic industry moves from subsidy to parity, and also the year of great technological change. Since the beginning of the year, at least seven ...
Tata Power Green Receives Letter of Award for a 225 MW Solar-Wind Hybrid Project
Tata Power announced that its wholly-owned subsidiary, Tata Power Green Energy Limited (TPGEL), received a letter of award (LoA) to develop a 225 MW hybrid renewable power project. The LoA ...
NTPC and NIIF Sign Pact to Attract Investment for India’s Renewable Sector
NTPC Limited said it entered into a memorandum of understating (MoU) with the National Investment and Infrastructure Fund (NIIF) to explore new opportunities for investment in areas of power distribution ...
Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway
Ampere Vehicle, an electric mobility subsidiary of Indian heavy equipment manufacturer Greaves Cotton Limited, announced that it has acquired a 74% stake in Bestway Agencies Private Limited. Bestway is a ...
Uzbekistan Announces Tenders for 1.4 GW of Solar Projects
The Government of Uzbekistan has announced tenders for solar projects with a cumulative capacity of 1.4 GW. Under the first tender, 1 GW of solar projects will be developed with ...
