AIIB’s $100 Million Funding to Provide Loans to Small & Medium Renewable Companies

AIIB’s $100 Million Funding to Provide Loans to Small & Medium Renewable Companies

The Asian Infrastructure Investment Bank (AIIB) approved a $100 million funding for the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund. The ADM Capital Elkhorn Emerging Asia Renewable Energy Fund ...
/ / Finance and M&A, Other
Daily News Wrap-Up_ Investor Map Launched for Investment in India's Opportunity Areas

Daily News Wrap-Up: Investor Map Launched for Investment in India’s Opportunity Areas

Here are some noteworthy cleantech announcements of the day from around the world: Advanticsys has delivered its first wireless monitoring solution for a 4 MW floating solar facility in Andhra ...
/ / Other, Renewable Energy
Plug Power Raises $1 Billion to Develop Green Hydrogen Network in the US

Plug Power Raises $1 Billion to Develop Green Hydrogen Network in the US

Plug Power, a U.S.-based provider of hydrogen engines and fueling solutions enabling e-mobility, announced that it raised around $1 billion in one of the largest bought equity deals in the ...
/ / Finance and M&A, Other
Adani Solar’s Mundra Unit to Expand its Cell and Module Manufacturing Capacity by 2 GW

Adani Solar’s Mundra Unit to Expand its Cell and Module Manufacturing Capacity by 2 GW

Adani Solar plans to expand its cell and module manufacturing facility with an additional capacity building of 2 GW. “The new capacity will come online in 2021. The proposed capacity ...
/ / Modules, Solar
Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Exide Industries Limited, an Indian battery manufacturer, said that it invested ₹331.7 million (~$4.49 million) in its subsidiary Exide Leclanche Energy Private Limited by way of subscription of the subsidiary’s ...
/ / Finance and M&A, Other
European Commission Plans to Expand Offshore Wind Capacity to 300 GW by 2050

European Commission Plans to Expand Offshore Wind Capacity to 300 GW by 2050

The European Commission (EC) has unveiled a strategy to help achieve the European Union’s (EU) climate neutrality target by 2050. The plan suggests increasing Europe’s offshore wind capacity up to ...
/ / Other, Wind
European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 million

European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 Million

Skeleton Technologies, an Estonia-based manufacturer of ultracapacitor-based energy storage, announced that it raised €41.3 million (~$48.5 million) in a Series D financing round from a group of investors. With this ...
Daily News Wrap-Up_ Italy's Snam to Develop Hydrogen Supply Chain in India

Daily News Wrap-Up: Italy’s Snam to Develop Hydrogen Supply Chain in India

Here are some noteworthy cleantech announcements of the day from around the world: Snam, an Italy-based energy infrastructure company, has entered into the Indian renewable energy market with a series ...
/ / Other, Renewable Energy
After China, Japan and South Korea Pledge to Become Carbon-Neutral by 2050

After China, Japan and South Korea Pledge to Become Carbon-Neutral by 2050

The world's third-largest economy, Japan, announced its plan to become carbon-neutral by 2050. In his first policy speech in the parliament, Yoshihide Suga, Prime Minister of Japan, said, “Responding to ...
/ / Other, Renewable Energy
India’s EESL to Invest $5 Million in Thailand’s Electric Vehicle Manufacturer

India’s EESL to Invest $5 Million in Thailand’s Electric Vehicle Manufacturer

India’s Energy Efficiency Services Limited (EESL) would invest in SWAG EV, an electric vehicle (EV) manufacturer in Thailand, in a bid to drive convergence – an emerging concept bringing together electric mobility, ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up_ RenewSys India Ramps Up Production of Solar Module Components

Daily News Wrap-Up: RenewSys India Ramps Up Production of Solar Module Components

Here are some noteworthy cleantech announcement of the day from around the world: RenewSys India Private Limited announced that it had increased its manufacturing capacity of encapsulant (EVA& POE) lines ...
/ / Other, Renewable Energy
Volkswagen to Invest €15 Billion in Electric Mobility by 2024 in China

Volkswagen to Invest €15 Billion in Electric Mobility by 2024 in China

Volkswagen, a Germany-based automobile manufacturer, announced its plans to invest €15 billion (~$ 17.53 billion) in China’s electric mobility segment by the end of 2024. The carmaker’s China arm will ...
/ / Electric Vehicles, Grid
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
/ / Finance and M&A, Solar
Australia to Invest $18 Billion in Low Emission Technologies Over the Next Decade

Australia to Invest $18 Billion in Low Emission Technologies Over the Next Decade

Australia’s Minister for Energy and Emissions Reduction, Angus Taylor, said that the government is expected to invest $18 billion through new investments in low emission technologies over the next ten ...
/ / Other, Other Energy
Tamil Nadu Chief Minister Flag Offs Solar and Electric Powered Rickshaws

Tamil Nadu Chief Minister Flag Offs Solar and Electric Powered Rickshaws

Tamil Nadu Chief Minister K Palaniswami flagged off 13 types of solar and electric powered rickshaws, driven by women as a part of an initiative to protect the environment and ...
/ / Electric Vehicles, Grid
Allied Irish Bank Launches Green Bonds Worth €1 Billion

Allied Irish Bank Launches Green Bonds Worth €1 Billion

The Allied Irish Bank (AIB) announced that it has issued green bonds worth €1 billion (~$ 1.16 billion) to finance projects with climate change benefits. Green bonds are financial instruments ...
/ / Other, Renewable Energy
European Commission Announces €1 Billion Fund to Promote Sustainable Projects

European Commission Announces €1 Billion Fund to Promote Sustainable Projects

The European Commission (EC) announced that it would launch a €1 billion (~$ 1.16 billion) European Green Deal call for research and innovation projects to tackle the climate crisis and ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ JinkoSolar’s Subsidiary to be Listed on Shanghai Stock Exchange

Daily News Wrap-Up: JinkoSolar’s Subsidiary to be Listed on Shanghai Stock Exchange

Here are some noteworthy cleantech announcement of the day from around the world: JinkoSolar, a solar module manufacturer, said that its board of directors had approved a strategic plan to ...
/ / Other, Renewable Energy
Power Grid To Monetize Transmission Assets of ₹70 Billion via InvIT

Power Grid to Monetize Transmission Assets of ₹70 Billion via InvIT

Earlier this week, state-owned Power Grid Corporation of India (PGCIL) received the Cabinet Committee of Economic Affairs’ approval to monetize its transmission projects through the Infrastructure Investment Trust (InvIT) model ...
/ / Grid, T&D
Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Netherlands-based Ingka Group announced its plans to invest €600 million (~$710 million) over the coming year to help IKEA, its subsidiary, keep its commitment to become climate positive by 2030 ...
/ / Finance and M&A, Other
France to Invest Over $35 Billion to Boost the Economy Through Renewables

France to Invest Over $35 Billion to Boost the Economy Through Renewables

France has announced its plans to invest €100 billion (~$118.4 billion) to retrieve the economy from the damage caused by the COVID-19 pandemic. As part of its 'France Relance' (France ...
/ / Finance and M&A, Other
EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

Ultraviolette Automotive Private Limited, a Bangalore-based electric vehicle (EVs) startup, announced that it had secured ₹300 million (~$4.08 million) from TVS Motor Company in a Series B funding round. TVS ...
/ / Finance and M&A, Other
Solar Inverter Supplier GoodWe Launches IPO, Lists on Shanghai Stock Exchange

Solar Inverter Supplier GoodWe Launches IPO, Lists on Shanghai Stock Exchange

Solar inverter manufacturer GoodWe announced the initial public offering (IPO) of its common stock on the Shanghai Stock Market, making it a listed public company. According to the press release, ...
/ / Inverters & BOS, Solar
Funding and M&A Roundup_ Indian Lithium-ion battery Maker Grinntech Raised $2 million

Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million

Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
/ / Finance and M&A, Other
Global Investment in Renewable Energy Could Reach $3.40 Trillion by 2030_ Report

Global Investment in Renewable Energy Could Reach $3.40 Trillion by 2030: Report

Global investments in the renewable energy sector are expected to rise to $3.4 trillion by 2030, including an estimated investment of $2.72 trillion in solar and wind energy sectors, according ...
/ / Other, Renewable Energy