Funding and M&A Roundup: Greenvolt Raises €150 Million in IPO for Renewables Expansion
Greenvolt, a Portugal-based renewable energy firm, raised €150 million (~$177 million) in an initial public offering (IPO) to fund its expansion, including in European solar parks and wind farms. The ...
Daily News Wrap-Up: Sembcorp and PUB Unveil 60 MW Floating Solar Project in Singapore
Here are some noteworthy cleantech announcements of the day from around the world: Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries, and the island state's national water agency ...
Levelized Tariff of ₹2.789/kWh Approved for 21 MW of Slop-Based Power Projects
The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, has approved Uttar Pradesh Power Corporation Limited (UPPCL) adopting the levelized tariff of ₹2.798 (~$0.038)/kWh discovered through a competitive ...
AI Technology Boosts Solar and Wind Forecasts, Reducing Grid Pressure
A team from Monash University’s Grid Innovation Hub, Worley, and Palisade Energy Ltd have embarked on a joint study to precisely predict wind and solar power generation using machine learning technology. The collaborators ...
Daily News Wrap-Up: Coal India’s Largest Subsidiary Installing a 40 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: South Eastern Coalfields (SECL), the largest coal-producing subsidiary of Coal India, is foraying into solar energy with ...
Plea for Review of Tariff Determined for a Poultry Litter-Based Biogas Project Rejected
The Haryana Electricity Regulatory Commission (HERC), in a recent order, rejected the review petition filed by Haryana Power Purchase Center (HPPC), relating to the tariff determination for a 1.2 MW ...
Why Rewa Ultra Mega Solar Limited’s Tender Was a Big Success
The Rewa Ultra Mega Solar Limited's (RUMSL) tenders for 550 MW of solar projects at the Agar Solar Park and 450 MW of solar projects at the Shajapur Solar Park ...
Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels
Indi Energy, an Indian energy storage start-up, has raised an undisclosed amount in seed funding from Mumbai Angels Network, a start-up investment platform for early-stage venture investment. Indi Energy said it ...
Daily News Wrap-Up: NTPC to Set Up a 4,750 MW Solar Park in Rann of Kutch
Here are some noteworthy cleantech announcements of the day from around the world: NTPC REL, a 100% subsidiary of NTPC and its green energy arm, will set up a 4,750 ...
Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report
In 2020, 420 climate-aligned issuers issued climate bonds of $913.2 billion, Climate Bonds Initiative, a London-based non-profit research organization, said in its latest report. The climate-aligned market is around half of ...
Adani Electricity Allowed to Tender 500 MW of Renewables Bundled with Conventional Power
The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, ruled in favor of Adani Electricity Mumbai and allowed it to initiate the process to procure power up to 500 ...
Daily News Wrap-Up: NTPC to Set Up Green Hydrogen Mobility Project in Ladakh
Here are some noteworthy cleantech announcements of the day from around the world: NTPC REL, the renewable energy arm of NTPC, has signed a memorandum of understanding with the union ...
Solar’s Share in India’s Installed Power Capacity Rises to 11.2%
India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
Corporate Funding for Solar Surges by 193% Globally in 1H 2021
Global corporate funding in the solar sector, including venture capital (VC) funding, debt and public market financing, stood at $13.5 billion in the first half (1H) of 2021, a 193% ...
Daily News Wrap-Up: SJVN to Vigorously Pursue Solar Power
Here are some noteworthy cleantech announcements of the day from around the world: After declaring its financial results for the financial year (FY) 2020-2021, SJVN Limited, in a conference call ...
Rajasthan DISCOM Asked to Pay Variable Charges for Older Biomass Projects
The Rajasthan Electricity Regulatory Commission (RERC), in a recent order, has ruled that the variable charges determined for the financial year (FY) 2019-20 will be applicable for biomass power projects ...
Funding and M&A Roundup: EQT Infrastructure to Acquire Cypress Creek Renewables
The EQT Infrastructure V fund has agreed to acquire Cypress Creek Renewables, a solar and storage energy company that develops, owns, and operates projects across the U.S., from certain funds ...
Daily News Wrap-Up: Hyundai to Assign over $87 Billion for Electric Vehicles by 2025
Here are some noteworthy cleantech announcements of the day from around the world: Auto major Hyundai Motor Group has announced that it will allocate over $87 billion to develop electric ...
Project Finance Brief: Doral Energy Acquires 360 MW of Solar Projects in Denmark
Denmark-based GreenGo Energy Group announced that it had sold a portfolio of 360 MW of utility-scale subsidy-free solar projects to Israeli developer Doral Renewable Energy Resources Group under a partnership ...
IEA Expects Global Hydropower Capacity to Increase to 230 GW by 2030
Global hydropower capacity is expected to increase by 17%, or 230 GW, in the upcoming decade, the International Energy Agency (IEA) said in a recent report. In 2020, hydropower was ...
Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal
Heliogen, a California-based renewable technology company, has signed an agreement for a business combination with Athena Technology Acquisition Corp, a special purpose acquisition company (SPAC), resulting in Heliogen becoming a publicly ...
Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India
Saudi Arabia-based renewable energy projects developer Alfanar – has acquired 100% stake in wind turbine original equipment manufacturer (OEM) Senvion India from Senvion GmbH. The acquisition was made through Global ...
Daily News Wrap-Up: Power Sector Financing Company REC Limited Raises $400 Million
Here are some noteworthy cleantech announcements of the day from around the world: REC Limited, a public infrastructure finance company in India’s power sector, has priced $400 million through 2.75% ...
Great Indian Bustard and the Renewable Energy Sector – How to Save Both
Uncertainty looms over the future of renewable power projects in Rajasthan following the Supreme Court order which says that power lines in the region be shifted underground, as electrocution was ...
SBI Has Provided ₹319.18 Billion in Renewable Energy Project Finance as of FY 2021
The State Bank of India (SBI), one of India’s largest public sector banks, declared results for the financial year (FY) 2020-2021, which claimed that the bank had approved over ₹319.18 ...
