Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally
Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022
The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven primarily due to successful ...
Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion
Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
NTPC Floats Balance of System Tender for 1 GW Solar Projects
NTPC Renewable Energy has invited bids for the balance of system (BoS) package with land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW anywhere in India except ...
US Lawmakers Seek Repeal of Duty Waiver on Solar Panels from Southeast Asia
Seven months after President Joe Biden announced a two-year duty exemption on solar modules and cells imported from four Southeast Asian countries, a bipartisan group of Congressmen is seeking to ...
Daily News Wrap-Up: SECI’s Green Energy Open Access Foray
The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
ACME Partners with Norfund to Develop Renewable Energy Projects in India
ACME Group and Norwegian investment fund Norfund will co-invest in the development of greenfield renewable power projects in India. Norfund invests in developing countries and manages the Norwegian Climate Investment ...
Consumers with Smart Energy Meters Must be Billed on Actual Load: Minister
Union Minister of Power and New & Renewable Energy R.K. Singh has advised states to ensure that no penalty is levied on any consumer for higher load discovered after the ...
Hecate Energy Secures $550 Million to Support Renewables Expansion
U.S.-based Hecate Energy, a developer of renewable projects and provider of energy storage solutions, closed a five-year $550 million credit facility package, including a $250 million term loan and $300 ...
Solar Cold Storage Tech Company Ecozen Raises $25 Million for Energy Transition
Pune-based solar cold storage solutions provider Ecozen has raised $25 million in equity and debt capital in its series C round as it looks beyond agriculture to expand into new ...
Rajasthan Signs MoUs Worth ₹1.23 Trillion for Renewable Projects
To project Rajasthan as an attractive investment destination, the Rajasthan government has signed memorandums of understanding (MoUs) for nearly ₹1.23 trillion (~$15.77 billion) of renewable energy projects under the Invest ...
Rajesh Exports Signs Agreement for 5 GWh Lithium-Ion Cell Factory in Karnataka
Bengaluru-headquartered Rajesh Exports, through its subsidiary ACC Energy Storage, has signed an agreement with the Union Ministry of Heavy Industries (MHI) and the Karnataka government’s Department of Industries and Commerce ...
Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans
From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
Daily News Wrap-Up: State of Solar PV Manufacturing in India
India’s solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
IIT-backed Startup Wins National Award for Innovation in Energy Storage
IIT Roorkee startup Indi Energy, which specializes in manufacturing indigenous sodium-ion batteries, has been accorded the National Startup Award 2022 in the Energy Storage category by the Ministry of Commerce ...
Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23
Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
Germany Earmarks Sites to Expand Offshore Wind Capacity to 30 GW by 2030
The German Federal Maritime and Hydrographic Agency (BSH) has published the area development plan 2023 aimed at helping Germany achieve its target of expanding offshore wind energy to 30 GW ...
Daily News Wrap-Up: NTPC’s BoS Tender for 1 GW Wind Projects in Gujarat
NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package of interstate transmission system (ISTS)-connected wind power projects of 1,000 MW capacity ...
JA Solar to Supply Modules for 875 MW Solar Project in Qatar
Beijing-based solar module maker JA Solar has signed a deal with Samsung C&T, a South Korea-based construction and engineering company, to supply photovoltaic modules for the largest solar project in ...
EU Unveils the Green Deal Industrial Plan but Silent on Funding Specifics
The European Commission unveiled a major cleantech plan – the ‘Green Deal Industrial Plan’ -- to help make Europe a center for innovations and investments as it tries to tackle ...
UAE’s Masdar to Develop 5 GW Renewable Energy Projects in Africa
UAE government-owned renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a combined capacity of up to 5 GW to help ...
Hexicon Inches Closer to Developing 7.1 GW Offshore Wind Projects in Italy
Italy's transmission system operator (TSO) Terna SpA has approved six of Sweden-based Hexicon's seven proposed floating wind power projects for connection to the national grid. Terna's interconnection permit is a ...
IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power
The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51 million) in the third ...
JSW Energy’s Q3 Profit Dips 45% YoY to ₹1.8 Billion
JSW Energy, an independent power producer, posted a 45% year-over-year (YoY) drop in its profit at ₹1.8 billion (~$22.2 million) for the third quarter (Q3) of the financial year 2023, ...
Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding
Bengaluru-headquartered advanced battery and fuel cell technology company Log9 Materials has raised $40 million as part of its Series B funding led by Amara Raja Batteries and Petronas Ventures. The ...
