Umicore and Volkswagen’s PowerCo in €3 billion Deal for Battery Materials Production

Umicore and Volkswagen’s PowerCo in €3 Billion Deal for Battery Materials Production

Umicore, a Belgium-based circular materials technology company, and Volkswagen Group’s battery unit PowerCo have announced a joint venture with a plan to invest about €3 billion ($2.9 billion) to establish ...
Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain

Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain

The European Commission has approved the second phase of the Important Project of Common European Interest (IPCEI) to support research, innovation, and the first industrial deployment of the hydrogen technology ...
/ / Other, Renewable Energy
Daily News Wrap-Up Statiq to Invest ₹400 Million in Building EV Charging Infrastructure Across India

Daily News Wrap-Up: Statiq to Invest ₹400 Million in Building EV Charging Infrastructure Across India

Here are some noteworthy cleantech announcements of the day from around the world: Electric vehicle (EV) charging network company Statiq has plans to invest ₹400 million (~$5.02 million) in building ...
/ / Other, Renewable Energy
Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022 (1)

Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022

Norwegian independent power producer Scatec recorded second-quarter (Q2) revenue of NOK1,130 million (~$114 million), a year-over-year (YoY) increase of 12% from NOK1,007 million (~$102 million). The company said that the ...
/ / Other, Renewable Energy
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

Finland-Based Stora Enso and Northvolt to Produce Batteries Using Renewable Wood

Taking a step further to maintain sustainability in battery production, Finland-based forest products manufacturer Stora Enso and lithium-ion battery producer Northvolt inked an agreement to develop what is claimed to ...
RWE & SolarDuck to Integrate Floating Solar with a Wind Farm in the North Sea

RWE & SolarDuck to Integrate Floating Solar With a Wind Farm in The North Sea

German sustainable energy company RWE and offshore solar energy developer SolarDuck inked a collaboration agreement to develop the use of floating solar parks in the sea and integrate it into ...
Europe's Battery Cell Production Capacity to Increase to 1.5 TWh by 2030

Europe’s Battery Cell Production Capacity to Increase to 1.5 TWh by 2030

Europe is expected to achieve a battery cell production capacity of 124 GWh during 2022, with significant Asian cell producers expanding operations in the region and extensive investments in many ...
Amazon Invests in Green Hydrogen Companies in the US And Europe

Amazon Invests in Green Hydrogen Companies in the US And Europe

E-commerce conglomerate Amazon announced new investments in green hydrogen companies through its $2 billion Climate Pledge Fund in its efforts to decarbonize global operations. The latest investments are in the ...
EU Member States Raise €5.4 Billion Funding To Develop Hydrogen Value Chain

EU Member States Raise €5.4 Billion Funding To Develop Hydrogen Value Chain

The European Commission has approved €5.40 billion (~$5.47 billion) in funding for the 'IPCEI Hy2Tech’ project to support research, innovation, and the first industrial deployment in the hydrogen technology value ...
/ / Other, Renewable Energy
European Union Urged to Rethink the Structure of its Energy Markets

European Union Urged to Rethink the Structure of its Energy Markets

Energy storage company Fluence Energy and nine other energy market organizations have written to European policymakers to rethink the structure of European energy markets and the REPowerEU plan. In a ...
/ / Other, Renewable Energy
Iberdrola to Supply 590 MW of Solar Power to PepsiCo’s Facilities in Spain and Portugal

Iberdrola to Supply 590 MW of Solar Power to PepsiCo’s Facilities in Spain and Portugal

Global electric utility company Iberdrola and American food and beverage corporation PepsiCo signed a long-term power purchase agreement (PPA) under which Iberdrola will be supplying 590 MW of solar power ...
/ / Solar, Utility Scale
Keppel Group to Invest €160 Million in European Onshore Wind Energy Portfolio

Keppel Group to Invest €160 Million in European Onshore Wind Energy Portfolio

Keppel Corporation Limited and Keppel Infrastructure Fund Management are committing €160 million (~$160.49 million) for a 33.33% stake in a joint investment vehicle (FundCo) to acquire European onshore wind energy ...
/ / Wind
2021 was the Best Year for Offshore Wind Installations Globally GWEC

2021 was the Best Year for Offshore Wind Installations Globally: GWEC

The offshore wind industry enjoyed its best-ever year in 2021, with 21.1 GW of new capacity connected to the grid, according to the latest Global Offshore Wind Report launched by ...
/ / Markets & Policy, Wind
Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Northvolt Raises $1.1 Billion to Fund Expansion of Battery and Cathode Production

Northvolt, a Sweden-based manufacturer of lithium-ion batteries, has signed a $1.1 billion convertible note to finance the expansion of its battery and cathode material production in Europe. In the past ...
Ireland’s Electricity Package Will Help Households Save €75 on Power Bills Annually

Ireland’s Electricity Package Will Help Households Save €75 on Power Bills Annually

The Government of Ireland announced a package with measures to mitigate the hike in electricity bills while ensuring a secure power supply to households and businesses across the country. Under ...
/ / Grid, Market & Policy
EU Grants €2.4 Billion to Seven European Nations to Modernize Energy Systems

EU Grants €2.4 Billion to Seven European Nations to Modernize Energy Systems

The European Commission (EC) has extended a €2.4 billion grant from the Modernisation Fund to seven countries to help improve their energy systems, reduce greenhouse gas emissions in energy, and ...
ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022

ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022

China-based supplier of green energy products ReneSola Power recorded a revenue of $3.5 million in the first quarter (Q1) of the current fiscal year (FY), a year-over-year (YoY) dip of ...
Increased Solar Module Shipments Take Maxeon's Revenue up 35% YoY in Q1 2022

Increased Solar Module Shipments Take Maxeon’s Revenue up 35% YoY in Q1 2022

Solar module manufacturer Maxeon Solar Technologies posted revenue of $223 million in the first quarter (Q1) of 2022, a year-over-year (YoY) surge of 35% from $165 million in the previous ...
EU Proposes Mandatory Rooftop Solar for all New Buildings in Member States

EU Proposes Mandatory Rooftop Solar for All New Buildings in Member States

The European Commission presented the REPowerEU Plan proposal detailing its strategy to respond to the hardships and global energy market disruption caused by Russia's invasion of Ukraine. The Commission had ...
Borosil Renewables To Acquire Two Solar Glass Manufacturing Units in Europe

Borosil Renewables to Acquire Two Solar Glass Manufacturing Units in Europe

Borosil Renewables, an India-based solar glass manufacturer, announced the acquisition of 100% share capital of lnterfloat Corporation and Glasmanufaktur Brandenbur (GMB), entities engaged in the solar glass manufacturing business, sales, ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Azure Power Commissions 300 MW Solar Project

Daily News Wrap-Up: Azure Power Commissions 300 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power, an independent solar power producer, announced the full commissioning of its 300 MW Interstate Transmission ...
/ / Other, Renewable Energy
EU to Expedite Renewable Energy Expansion at Lightning Speed

EU to Expedite Renewable Energy Expansion at Lightning Speed

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in the wake of Russia's invasion ...
Daily News Wrap-Up: Industry Body Asks for Priority Sector Lending for Solar Manufacturing

Daily News Wrap-Up: Industry Body Asks for Priority Sector Lending for Solar Manufacturing

Here are some noteworthy cleantech announcements of the day from around the world: In a press note, the All-India Solar Industries Association (AISIA), the domestic solar manufacturing association, has asked ...
/ / Other, Renewable Energy
EPC Tender Floated for a 113 MW Solar Project in Romania

EPC Tender Floated for a 113 MW Solar Project in Romania

Ruserio Solar, a special purpose vehicle of the Dhamija Group, has invited expressions of interest (EoIs) from contractors for the engineering, procurement, and construction (EPC) of a 113 MW solar ...
AMPYR Solar Europe Secures €400 Million for Solar Project Development

AMPYR Solar Europe Secures €400 Million for Solar Project Development

AMPYR Solar Europe (ASE), a pan-European independent solar power producer, announced the closing of a €400 million (~$455 million) facility with CarVal Investors, an established global alternative investment manager, to ...
/ / Finance and M&A, Solar
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