Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey
McKinsey & Company recently released its 'Global Energy Perspective 2021,' which states that while energy demand rebounds to 2019 levels in one to four years, it would not return to ...
Daily News Wrap-Up: India and Uzbekistan Sign MoU for Solar Energy Cooperation
Here are some noteworthy cleantech announcements of the day from around the world: The Government of India has signed a Memorandum of Understanding (MoU) with Uzbekistan for cooperation in the ...
Investment of ₹52.81 Billion for an 850 MW Hydropower Project in Jammu & Kashmir Approved
The Union Cabinet has approved an investment of ₹52.81 billion (~$723.43 million) for the 850 MW Ratle Hydropower project, located on the Chenab river in the Kisthwar district of Jammu ...
Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility
Ola, one of India's leading mobility platforms, has announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The announcement comes on the heels of ...
Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020
Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
Daily News Wrap-Up: Adani Green Energy Commissions a 150 MW Solar Project in Gujarat
Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar Energy Kutchh One, a step-down subsidiary of Adani Green Energy, has commissioned a 150 MWac ...
South Korea’s C&I, Residential Consumers to Buy Renewables as part of RE100 Initiative
South Korea's Ministry of Trade, Industry, and Energy (MOTIE) has announced that it would allow domestic electricity consumers to purchase electricity from renewable sources as part of the RE100 initiative ...
PepsiCo Pledges Net-Zero Emissions by 2040
PepsiCo has unveiled its ambitious goal to cut carbon emissions by more than 40% by 2030 (against a 2015 baseline) — more than doubling the previous climate objective of a ...
UPERC Allows Time Extension for Completing a Municipal Solid Waste Power Project
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has extended the scheduled commissioning date (SCOD) for a 14 MW municipal solid waste (MSW)-based power project in Agra. It also directed the ...
Changing Wafer Sizes Will Cost Cell and Solar Module Manufacturers
The past few years have witnessed significant changes in solar manufacturing with the introduction of new technologies such as half-cut and even triple-cut, passivated emitter, and rear cell (PERC), bifacial, ...
Designing Effective Lightning Protection for Residential Rooftop Solar Systems
Residential photovoltaic (PV) systems are generally installed on the rooftop of residential buildings. However, the large metal surface area, height from the ground, and exposed location increase rooftop solar systems' ...
Daily News Wrap-Up: Total’s €3 Billion Hybrid Bonds to Finance Renewables, Adani Acquisition
Here are some noteworthy cleantech announcements of the day from around the world: Indian Institute of Technology Delhi's Sustainable Environergy Research Lab at the Department of Chemical Engineering is actively ...
Commission Allows Avadh Sugar and Energy to Inject Slop-Based Power into the Grid
The Uttar Pradesh Electricity Regulation Commission (UPERC) has directed the Uttar Pradesh Power Corporation Limited (UPPCL) to allow Avadh Sugar and Energy to inject slop-based power into the grid from ...
West Bengal DISCOM’s PSA with SECI for 100 MW of Solar-Wind Hybrid Power Approved
The West Bengal Electricity Regulatory Commission (WBERC) approved the power sale agreement (PSA) executed between India Power Corporation Limited (IPCL) and the Solar Energy Corporation of India (SECI) for the ...
Battery Company Gegadyne Raises $4.5 million from V-Guard
Gegadyne Energy Labs, a provider of quick charging battery technology, has raised ₹334 million (~$4.5 million) from V-Guard Industries in a 'Series A' round of investments. V-Guard is an electrical ...
Daily News Wrap-Up: ACCIONA and Enagas Launch a Green Hydrogen Project in Spain
Here are some noteworthy cleantech announcements of the day from around the world: Technical Fibre Products has entered into a definitive agreement to acquire PV3 Technologies, a developer and manufacturer ...
French Oil and Gas Major Total to Acquire 20% Stake in Adani Green for $2.5 Billion
Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL) from Adani Group. The two partners agreed to the acquisition of a ...
Funding and M&A Roundup: Loanpal Securitizes $474 Million Residential Solar Loans
Loanpal, a solar loan origination platform that finances solar systems and batteries, announced that Loanpal Solar Loan 2021-1 and Loanpal Solar Loan 2021-1 (LPSLT 2021-1) had closed a securitization of ...
Daily News Wrap-Up: Total, 174 Power Global to Develop 1.6 GW of Solar Projects
Here are some noteworthy cleantech announcements of the day from around the world: Total and 174 Power Global have signed an agreement to form a 50-50 joint venture to develop ...
Project Finance Brief: Goldman Sachs Renewable Power Acquires a 300 MW Solar Project
Pine Gate Renewables, a fully-integrated utility-scale solar project developer, closed financing on a 12-project fund of solar and solar plus storage sites in North Carolina. The projects will sell power under ...
City of Gothenburg in Sweden to Develop the First Zero-Emission Zone in the World
The City of Gothenburg in Sweden is on its way to developing the world’s first green city zone. The Gothenburg Green City Zone is an initiative launched by various stakeholders, ...
€5 Million Awarded to Study Feasibility of Offshore Green Hydrogen Production
The Fuel Cells and Hydrogen 2 Joint Undertaking, a public-private partnership of the European Commission, has awarded €5 million (~$6.08 million) in funding to a consortium to explore the feasibility ...
West Bengal Tops List of States Buying ‘Dirty’ Coal-Based Power
West Bengal tops the list of states buying 'dirty' coal power, according to the latest coal power procurement assessment conducted by the Centre of Science and Environment (CSE). The assessment ...
Government Announces Financial Sops to Boost Ethanol Production
The Department of Food & Public Distribution (DoFPD) has announced that it would extend financial assistance to project proponents to enhance their ethanol distillation capacity. The move is in line ...
Power Finance Corporation to Raise ₹100 Billion Through Bonds Issue
The country's biggest lender to the power sector, the Power Finance Corporation (PFC), will raise ₹100 billion (~$1.36 billion) through bonds in two tranches. According to the company's prospectus, the ...
