Renewable Energy

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MENA Weekly Round-Up: Algeria Launches 3.2 GW Solar Projects

Algeria launched a nationwide solar power program to construct 15 solar projects with a total capacity of 3.2 GW. Energy and Mines Minister Mohammed Arqab laid the...

March 24, 2025

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Staff

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Renewable Energy

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Solar
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IREDA Issues Perpetual Bonds to Raise ₹12.47 Billion

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has issued its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual...

March 20, 2025

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Tina Freese

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Other

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Renewable Energy
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Philippines Issues Terms for 9.3 GW Renewables Auction With Energy Storage

The Philippines’ Department of Energy has released the Terms of Reference (TOR) for the fourth round of the green energy auction (GEA-4). This auction round aims to add...

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Battery Manufacturer Northvolt Files for Bankruptcy in Sweden

Sweden-headquartered battery developer and manufacturer Northvolt has filed for bankruptcy in Sweden. The company’s board of directors approved the move in an...

March 20, 2025

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Tina Freese

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Energy Storage

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Renewable Energy
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Truck Maker Daimler India to Procure 16.2 MW of Renewables from Zelestra

Commercial trucks and luxury buses manufacturer Daimler India Commercial Vehicles (DICV) has signed a power purchase agreement to procure 16.2 MW of renewable energy...

March 19, 2025

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B.S. Nagaraj

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Renewable Energy

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Solar

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Wind
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Global Wind Turbine Installations Hit a Record 121.6 GW in 2024: Report

Wind turbine installations have reached a record capacity of 121.6 GW in 2024, double the capacity commissioned in 2019, according to BloombergNEF (BNEF)’s 2024 Global...

March 19, 2025

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Tina Freese

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Renewable Energy

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Wind
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After GIB, Lion Tailed Macaque at the Center of Greens vs. Renewables Clash

A ‘green versus green’ battle is brewing in Karnataka, with environmentalists clashing with the government over a pumped hydro storage project proposed for the...

March 18, 2025

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B.S. Nagaraj

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Renewable Energy

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Water
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MENA Weekly Roundup: Iraq Begins Construction of 1 GW Solar Project

Iraq started constructing its largest solar power project, Basra Sun, with a total capacity of 1,000 MW in the Basra province. The civil work on the project, which spans...

March 17, 2025

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Tina Freese

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Renewable Energy

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Solar
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JSW Neo Acquires Renewable Energy Firm Virya Infrapower for ₹75.4 Million

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has acquired a 100% stake in Virya Infrapower for ₹75.4 million (~$866,000) in an all-cash transaction. The...

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Gensol Engineering to Raise ₹6 Billion Via Bonds and Promoter Warrants

Renewable energy engineering, procurement and construction company Gensol Engineering has decided to raise ₹6 billion (~$68.9 million) by issuing ₹4 billion (~$45.9...

March 13, 2025

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Tina Freese

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Press Releases

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Renewable Energy
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Andhra Pradesh Issues Integrated Clean Energy Policy Guidelines

The Andhra Pradesh Energy Department has issued operational guidelines on resource allocation, land allotment, grid connectivity, open access, banking facility, project...

March 13, 2025

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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US Adds 50 GW of New Solar Capacity in 2024, a 21% YoY Growth

The United States installed a record 50 GW of new solar capacity in 2024, a 21% year-over-year (YoY) rise, according to the Solar Energy Industries Association’s (SEIA)...

March 13, 2025

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Tina Freese

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Renewable Energy

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Solar
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US Republican Lawmakers’ Group Rallies to Protect Clean Energy Tax Credits

A coalition of 21 Republican lawmakers has urged the U.S. House Committee on Ways and Means to safeguard clean energy tax credits enacted under the previous...

March 13, 2025

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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DBS Targets Zero Exposure to Thermal Coal Power Projects

Singapore-based multinational banking and financial services corporation DBS Bank has ceased financing new coal mining or thermal coal power assets. DBS said in its...

March 12, 2025

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Melvin Mathew

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Finance and M&A

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Other

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Renewable Energy
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Solar Powered Desalination in Water-Stressed Middle East

Desalination, the process of extracting salt from seawater, has long been a lifeline for many water-scarce countries, particularly in the Middle East, where freshwater...

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