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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
OPEC Fund Mobilizes $1 Billion with Sustainable Development Goal Bond
The OPEC Fund for International Development, a multilateral development finance institution headquartered in Austria, has raised $1 billion in its first-ever benchmark bond issue in global capital markets. The OPEC ...
Jinko Commences Work on 300 MW Saad Solar Project in Saudi Arabia
Al Ghazala Energy Company, the Saudi Arabia-based subsidiary of Jinko Power Technology, a global independent solar power producer, has achieved financial close and commenced construction of its 300 MW Saad ...
Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity
The market value for crucial metals needed in energy transition technology will likely triple by 2050 to present a $10 trillion opportunity, BNEF’s first Transition Metals Outlook showed. It said ...
Search for Clean Energy Sources Needs $45.8 Trillion Investments by 2050
The search for clean and secure sources of low-carbon power — including fossil fuel-fitted with carbon capture technology — may present as much as a $45.8 trillion investment opportunity by ...
US Renewable Sector to See $114 Billion Annual Investments by 2031: Report
The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion in 2022, ...
Government Sets IREDA Revenue Target of ₹33.61 Billion for FY23
The Government of India has set a revenue target of ₹33.61 billion (~$414 million) for the financial year (FY) 2022-23 for Indian Renewable Energy Development Agency (IREDA), 18% higher than ...
US Agency to Train Renewable Energy Procurers in Eight Indian States
The United States Trade and Development Agency (USTDA) has launched the Interstate Clean Energy Procurement Program (ICEPP) to train public procurers of clean energy on the best value and life-cycle ...
German Chancellor Reaffirms Commitment to Achieve Net Zero by 2045
Germany’s renewable shift is well on track despite setbacks and has accelerated post the Russian invasion of Ukraine, Chancellor Olaf Scholz said while addressing a session at the 53rd World ...
Rising Renewables to See the US Cut Back on Conventional Power in 2023-24
The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut down on generation from coal-fired and ...
India Making Efforts to Push Clean Energy Use in Farming: Power Minister
India’s Minister for New and Renewable Energy (MNRE) R K Singh said that the country is aiding farmers with millions of solar water pumps while providing them with ammonia-based fertilizers ...
