Early Rollout of Fiscal Policy Could Reduce Emissions in the Middle East & Central Asia
The Middle East and Central Asian countries have collectively pledged to reduce annual greenhouse gas emissions (GHG) in 2030 by 13-21%, a new IMF study estimates. On assessing the region's ...
KKR to Invest $400 Million in Serentica Renewables
Private equity firm KKR will invest $400 million in Serentica Renewables to ramp up its clean energy portfolio and provide energy transition solutions to industries. Serentica Renewables has recently entered ...
Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales
Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from Front-of-the-Meter (FTM) and ...
Farm-downs, Partnerships Drive Wind Developer Orsted’s Profit Up in Q3
Denmark-based wind developer Orsted posted a net profit of DKK9.36 billion (~$1.26 billion) in the third quarter (Q3) of 2022, a massive jump of 1,821% year-over-year (YoY). The company earned ...
Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity
The World Bank Group (WBG) recently approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewable sources and batteries. The ...
People Without Electricity Set to Increase in 2022 for First Time in Decades
The number of people living without electricity is set to rise by nearly 20 million in 2022, reaching nearly 775 million, finds International Energy Agency’s (IEA) latest data. The agency ...
Daily News Wrap-Up: MNRE Amends Bidding Rules for Wind-Solar Hybrid Power Projects
Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for tariff-based competitive bidding to ...
Amara Raja Advance Cell Company to Manufacture Lithium-Ion Batteries
Amara Raja Batteries recorded a consolidated net profit of ₹2.02 billion (~$24.54 million) in the second quarter (Q2) of the financial year (FY) 2023, a jump of 40% year-over-year (YoY) ...
Month in a Minute: Top Headlines from Indian Renewable Sector in October 2022
Here is a recap of some of the most important headlines from October 2022: India’s installed renewable energy capacity, including large hydro projects, stood at 163.7 GW, accounting for a ...
Daily News Wrap-Up: Vestas Supplies to Vibrant Energy’s 54 MW Wind Project
Here are some noteworthy cleantech announcements of the day from around the world: Vestas announced that it had dispatched one of India's largest 3.6 MW Nacelle from its factory in ...
Hitachi Energy India’s Q2 FY23 Profit Up 8.5% YoY
Hitachi Energy India reported a profit after tax of ₹372 million ($4.5 million) in the second quarter (Q2) for the financial year (FY) 2023, an increase of 8.5% year-over-year (YoY) ...
Scatec Q3 Revenue Up 10% YoY Driven By Increased Hydropower Sales in the Philippines
Norwegian independent power producer Scatec posted consolidated revenue of NOK 1,163 million (~$110.6 million) for Q3, 2022, an increase of 10% year-over-year (YoY) primarily due to better power sales at ...
Renewable Energy Trading at IEX Down 11% in October, Weighted Average Price Drops
The Indian Energy Exchange (IEX) traded 403 million units (MU) of renewable energy in October 2022, an 11% decrease month-over-month (MoM) compared to 454 MU traded in the previous month ...
DISCOM to Procure from Bagasse-Based Plant for Short-Term to Meet Peak Power Demand
The Maharashtra Electricity Regulatory Commission (MERC) approved the short-term power procurement by KRC distribution companies (DISCOMs) with 8 MW of round-the-clock (RTC) power from November 1, 2022, to October 31, ...
More Lower Income Households Adopted Solar in the US Between 2010-2021
A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar ...
Daily News Wrap-Up: Indian Army Partners with Tata Power to Set Up EV Charging Points
Here are some noteworthy cleantech announcements of the day from around the world: The Indian Army collaborated with Tata Power through its ‘Go-Green Initiative’ to set up 16 electric vehicle ...
Adani DISCOM to Procure 1 GW Renewable Power Bundled with Thermal
Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai (AEML) to procure 1,000 MW of renewable power bundled with thermal (500 MW plus an additional 500 MW under the ...
Residential Solar Firm Sunrun’s Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition
U.S.-based company Sunrun posted total revenue of $631.9 million in the third quarter (Q3) of 2022, up 44% year-over-year (YoY), on the back of growth in customer additions and improved ...
Daily News Wrap-Up: O&M Tender Issued for 3.6 MW of Solar with Battery Projects
Here are some noteworthy cleantech announcements of the day from around the world. Uttar Pradesh Agricultural Produce Board (Mandi Parishad) has issued a tender inviting bids for the operation and ...
Increased Investment in Renewables Drives Iberdrola’s Net Profit Up 29% in 9M 2022
Iberdrola recorded a net profit of €3.1 billion (~$3.07 billion) in the first nine months (9M) of 2022. The net profit rose 29% year-over-year (YoY), driven by strong international performance ...
Punjab Proposes Wind, Hydro, Energy Storage Obligation Trajectory Up to FY 2030
Punjab State Electricity Regulatory Commission (PSERC) has issued the Draft Punjab State Electricity Regulatory Commission (Renewable Purchase Obligation and its compliance) Regulations, 2022, outlining the renewable purchase obligation (RPO) trajectory ...
Daqo New Energy’s Q3 Net Income Jumps 11% YoY Amid Rise in Polysilicon Demand
Daqo New Energy Corporation, the Chinese photovoltaic (PV)-grade polysilicon manufacturer, posted a net income of $323.4 million in Q3, 2022, a year-over-year (YoY) increase of 11%. The net income growth ...
Daily News Wrap-Up: DEWA Solar Park’s Fifth Phase Adds 300 MW of Capacity
Here are some noteworthy cleantech announcements of the day from around the world: Dubai Electricity and Water Authority (DEWA) added 300 MW of clean energy production capacity to the fifth ...
NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost
State-owned power producer NTPC reported a net profit of ₹34.2 billion (~$414.6 million) for the second quarter of the current fiscal year, a dip of 7.4% compared to the same ...
NextEra’s Clean Energy Business Records Net Income of $729 Million in Q3 2022
The U.S.-based energy company NextEra Energy reported a third-quarter (Q3) net income of $1.68 billion, a year-over-year increase of 13.49 % compared to $1.48 billion in Q3 2021. The quarterly increase was ...
