investment

Removing the one-year lock-in period for controlling shareholding could help increase investment flow into the solar market in India, which sorely needs it. A 'controlling shareholding' is the ownership (directly ...

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...

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 ...

Indian power utility Tata Power aims to phase out its coal-based capacity and enhance its clean and green capacity to around 80% by 2030 from its current green portfolio of 31% ...

ION Energy, an advanced battery management solutions provider for e-mobility and energy storage applications has announced that it has raised $3.6 million in Pre-Series A funding. The funding was raised ...

Power Grid Corporation of India Limited (PGCIL) noted that on May 21, 2021, its Board has approved an investment to the tune of ~₹22.20 billion (~$301.48 million) for commissioning various ...

The Green Climate Fund (GCF) has approved Dutch development bank FMO's proposal to accelerate private and public sector investment in India's green infrastructure projects. Through the Green Growth Equity Fund ...

Here are some noteworthy renewable energy news from around the world: Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services, has unveiled the GRAM UJALA program. Under ...

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...

Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million ...

Here are some noteworthy cleantech announcements of the day from across the world: Total has said that its France-based renewable energy subsidiary Total Quadran was awarded 50 MW of solar ...

Mercom India hosted a webinar to discuss the key takeaways from the Indian Solar market in 2020 and the outlook for 2021. N.L. Sharma, Chairman and Managing Director of SJVN, ...

Asia-Pacific markets are among the most challenging in the world for global companies to switch to 100% renewable energy, RE100 said in a new report. RE100 is an initiative led ...

Here are some noteworthy cleantech announcements of the day from around the world: Plug Power and SK Group have completed capital investment worth $1.6 billion to partner in accelerating hydrogen ...

EDP, a Portugal-based electric utility company, will invest €24 billion (~$29.10 billion) in the energy transition to double its solar and wind capacity from 12 GW to 25 GW by ...

ReNew Power, an India-based independent power producer, has signed an agreement for a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC), resulting in ReNew Power ...

Aurobindo Pharma, a Hyderabad-based pharmaceutical company, will procure solar power from two 15 MW group captive projects of NVNR Power and Infra in Hyderabad, Telangana. Under the group captive model, ...

Solavio Labs, a startup providing solar panel cleaning technology, has received ₹4.06 million (~56,044) in funding from the Canadian province New Brunswick through its New Brunswick Innovation Fund. With this ...

Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi will inaugurate power projects in Kerala on February 19, 2021. He will inaugurate ...

Here are some noteworthy cleantech announcements of the day from around the world: The European Investment Bank (EIB) has provided a €50 million (~$60.70 million) loan to Forsee Power, a ...

Jaguar Land Rover, a luxury automobile manufacturing arm of Tata Motors, has announced plans to become carbon neutral across its supply chain, products, and operations by 2039. As a part ...

Amara Raja Batteries has announced that it would set up a 50 MW solar power project worth ₹2.2 billion (~$30.30 million) in Chittoor district, Andhra Pradesh. The project will help ...

Researchers at the National Center for Photovoltaic Research and Education (NCPRE) at IIT Bombay are developing crystalline silicon solar cells with targeted efficiency of 22%. Passivated Emitter and Rear Cell ...

The U.S. Department of Energy (DOE) has pledged up to $100 million in financing for research and development of transformative clean energy technology to support the Biden Administration's climate innovative ...

The adoption of residential solar systems is picking up in India and with greater awareness and tremendous growth potential. To get a first-hand experience, Mercom spoke to several consumers who ...