Funding and M&A Roundup_ Lithium-Ion Battery Maker Northvolt Raises $600 Million

Funding and M&A Roundup: Lithium-Ion Battery Maker Northvolt Raises $600 Million

Northvolt announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen, enabling the company to make further investments in expanding ...
/ / Other, Renewable Energy
Project Finance Brief_ Lightsource bp Closes $285 Million Financing for Bighorn Solar Project

Project Finance Brief: Lightsource bp Closes $285 Million Financing for Bighorn Solar Project

Lightsource bp, a solar project developer, closed a $285 million financing package for its Bighorn Solar project, which will be located on EVRAZ Rocky Mountain Steel mill property in Pueblo. As the ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ EDEN Bags Three Solar Projects Totaling 1.35 GW in Rajasthan

Daily News Wrap-Up: EDEN Bags Three Solar Projects Totaling 1.35 GW in Rajasthan

Here are some noteworthy cleantech announcement of the day from around the world: EDEN Renewables India, a joint venture of EDF Renewables and Total Eren, has been awarded three solar ...
/ / Other, Renewable Energy
SJVN Seeks Bidders to Construct a 66 MW Hydropower Project in Himachal Pradesh

SJVN Seeks Bidders to Construct a 66 MW Hydropower Project in Himachal Pradesh

SJVN Limited has invited bids for the development of the Dhaulasidh hydroelectric project. SJVN is a joint venture of the government of India and the state government of Himachal Pradesh ...
/ / Other, Renewable Energy
Open Access Renewable Energy Consumption Can’t Be Offset Against RPO in Another State

Open Access Renewable Energy Consumption Can’t Be Offset Against RPO in Another State

The Haryana Electricity Regulatory Commission (HERC) has dismissed a recent petition filed by Shree Cement Limited. The petitioner wanted the state regulator to allow renewable energy consumption at its Karnataka ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ BELECTRIC Bags 250 MW of Solar Projects in Rajasthan from Fortum

Daily News Wrap-Up: BELECTRIC Bags 250 MW of Solar Projects in Rajasthan from Fortum

Here are some noteworthy cleantech announcement of the day from around the world: BELECTRIC has secured a contract to develop the 250 MW solar project in Rajasthan from Fortum Solar ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Siemens and WUN H2 to Build a CO2 Free Hydrogen Production Facility

Daily News Wrap-Up: Siemens and WUN H2 to Build a CO2 Free Hydrogen Production Facility

Here are some noteworthy cleantech announcement of the day from around the world: The Prime Minister of India, Narendra Modi, and the Prime Minister of Denmark, Mette Frederiksen, have agreed ...
/ / Other, Renewable Energy
Women Occupy One-Third of Workforce in the Global Renewable Energy Sector

Women Occupy One-Third of Workforce in the Global Renewable Energy Sector

India created 719,000 jobs in the renewable energy sector until 2017-18, while globally, this sector employed 11.5 million people. A third of these were women, the International Renewable Energy Agency ...
/ / Other, Renewable Energy
Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion

Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion

REC Ltd, a public infrastructure finance company in India’s power sector, has received the approval to raise its overall borrowing limit to ₹4.5 trillion (~$60 billion). The foreign currency borrowing ...
/ / Finance and M&A, Other
Is there a Case for Basic Customs Duty on Solar Inverters_

Is there a Case for Basic Customs Duty on Solar Inverters?

To combat the impact of COVID-19, the government has announced various measures, and chief of them was the “Aatmanirbhar Bharat” or self-reliant India. One of the main initiatives under this ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up_ Tamil Nadu Transmission Corp Picks Enzen for Smart Grid Solutions

Daily News Wrap-Up: Tamil Nadu Transmission Corp Picks Enzen for Smart Grid Solutions

Here are some noteworthy cleantech announcement of the day from around the world: Trafigura Group has formed a new company to invest in a series of solar, wind, and power ...
/ / Other, Renewable Energy
Coca-Cola and PepsiCo Choose Green Energy

Coca-Cola and PepsiCo Choose Green Energy

The fizz in your favorite drinks from beverage majors, Coke and Pepsi, will increasingly be powered by renewable energy. The two companies are setting firm deadlines for energy sustainability, reducing ...
/ / Other, Renewable Energy
All Cars in California to be Zero-Emission by 2035

All Cars in California to be Zero-Emission by 2035

California Governor Gavin Newsom issued an executive order to phase out gas-powered cars and vehicles in the state by 2035 to tackle the climate change crisis. According to the statement, ...
/ / Other, Renewable Energy
NTPC Seeks Suppliers of Biomass Pellets for Co-Firing at its Thermal Power Stations

NTPC Seeks Suppliers of Biomass Pellets for Co-Firing at its Thermal Power Stations

NTPC Limited has invited bids for biomass pellets to use as fuel alongside coal at its thermal power stations. This would help mitigate the air pollution caused by farmers burning ...
/ / Biofuel, Other
Project Finance Brief_ Lightsource bp Acquires 100 MW Solar Portfolio in Spain

Project Finance Brief: Lightsource bp Acquires 100 MW Solar Portfolio in Spain

Innova Energy, a private equity-backed renewable energy generator, has secured £30 million (~$38.17 million) of debt funding from NatWest to finance a mixed portfolio of UK rooftop and ground-mounted solar ...
/ / Other, Renewable Energy
EV Charging Network Provider ChargePoint Signs Deal to List on New York Stock Exchange

EV Charging Network Provider ChargePoint Signs Deal to List on New York Stock Exchange

ChargePoint, a U.S.-based electric charging network company, announced that it had signed a definitive business combination agreement with publicly traded special-purpose acquisition company Switchback Energy Acquisition Corporation. The transaction is ...
/ / Finance and M&A, Other
Daily News Wrap-up_ Total to Develop 3.3 GW of Solar Projects in Spain with Ignis

Daily News Wrap-up: Total to Develop 3.3 GW of Solar Projects in Spain with Ignis

Here are some noteworthy cleantech announcement of the day from around the world: Total, a France-based oil and gas company, has entered into an agreement with Ignis, a Spain-based solar ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Power Roll Secures $3.6 Million for Solar Film technology

Funding and M&A Roundup: Power Roll Secures $3.6 Million for Solar Film technology

SunHydrogen, a developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced it has agreed to accept an equity investment of up to $4 million from ...
/ / Other, Renewable Energy
Australia to Invest $18 Billion in Low Emission Technologies Over the Next Decade

Australia to Invest $18 Billion in Low Emission Technologies Over the Next Decade

Australia’s Minister for Energy and Emissions Reduction, Angus Taylor, said that the government is expected to invest $18 billion through new investments in low emission technologies over the next ten ...
/ / Other, Other Energy
NTPC to Stop New Land Acquisition for Coal-based Projects

NTPC to Stop New Land Acquisition for Coal-Based Projects

India’s largest coal-fired power generator, NTPC Ltd, aims to transform itself into the country’s biggest renewable energy producer and refrain from acquiring land for new thermal power projects, its chairman, ...
/ / Other, Renewable Energy
NTPC to Set Up Energy Intensive Industries in its Premises Across Three States

NTPC to Set Up Energy Intensive Industries in its Premises Across Three States

To promote the ‘Make in India’ initiative and provide the necessary impetus to the vision of Aatmanirbhar Bharat, NTPC Limited has invited expressions of interest (EoI) for setting up energy-intensive ...
/ / Other, Renewable Energy
Bids Invited for Recycling and Management of Waste from Renewables and Power Industry

Bids Invited for Recycling and Management of Waste from Renewables and Power Industry

The Department of Science & Technology (DST) invited bids for solid waste management of residuals emanating from the power industry. The tender has been floated for the disposal and recycling ...
/ / Energy Efficiency, Other
Allied Irish Bank Launches Green Bonds Worth €1 Billion

Allied Irish Bank Launches Green Bonds Worth €1 Billion

The Allied Irish Bank (AIB) announced that it has issued green bonds worth €1 billion (~$ 1.16 billion) to finance projects with climate change benefits. Green bonds are financial instruments ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ CHANEL and Sunrun to Help Provide Solar to Low-Income Households

Daily News Wrap-Up: CHANEL and Sunrun to Help Provide Solar to Low-Income Households

Here are some noteworthy cleantech announcement of the day from around the world: Foresight Group and Elgin Energy have formed a joint venture to develop a pipeline of greenfield solar ...
/ / Other, Renewable Energy
China’s Pledge to Become Carbon-Neutral by 2060 Has Global Implications

China’s Pledge to Become Carbon-Neutral by 2060 Has Global Implications

The world’s largest and growing energy market, China, announced its ambition to transform into a  carbon-neutral economy by 2060. However, for a country that contributes 28% of global emissions, Chinese ...
/ / Other, Renewable Energy