
EDP to Invest €24 Billion to Double its Solar and Wind Capacity by 2025
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 to Go Public in an $8 Billion SPAC Deal
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 to Buy Solar Power From Open Access Projects in Telangana
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, ...

Solar Panel Cleaning Company Solavio Labs Secures ₹4 Million from New Brunswick Fund
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 ...

Daily News Wrap-Up: PM Modi to Inaugurate a 50 MW Solar Project in Kerala
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 ...

Daily News Wrap-Up: EIB Provides €50 Million to Forsee Power to Expand Battery Business
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 ...

Luxury Automobile Manufacturer Jaguar Land Rover Aims to Become Carbon Neutral by 2039
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 to Set Up a 50 MW Solar Project in Andhra Pradesh
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 ...

IIT Bombay and BHEL to Develop High-Efficiency Solar Cells
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 ...

US to Provide $100 Million for Projects Advancing Clean Energy Technology
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 ...

These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes
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 ...

Daily News Wrap-Up: Battery Technology Company Enevate Secures $81 Million in Funding
Here are some noteworthy cleantech announcements of the day from around the world: Enevate, a U.S.-based battery technology company, has secured an investment worth $81 million in a Series E ...

Budget 2021 Allocates ₹45 Billion For High-Efficiency Solar Modules Manufacturing
The Union Budget 2021 has allocated exclusive funds to expand renewables, especially solar and green hydrogen. The Budget has elaborated on the production-linked incentive program to help the solar manufacturing ...

Solar Energy to Equal Coal’s Share in India’s Power Mix by 2040: IEA
India is expected to see the largest increase in energy demand globally over the next two decades and will overtake European Union as the third-largest energy consumer by 2030, the ...

Month in a Minute: Top Headlines from Indian Renewable Sector in January 2021
Here is a recap of some of the most important headlines from January 2021: Tata Power joined hands with the Small Industries Development Bank of India to provide affordable financing exclusively for ...

Israel’s E-Mobility Company REE Automotive to go Public in a $3.6 Billion SPAC Deal
REE Automotive, an Israel-based e-mobility company, has signed a merger agreement for a business combination with 10X Capital Venture Acquisition Corporation, a special purpose vehicle company (SPAC), resulting in REE ...

Residential Solar Company Sunlight Financial to Go Public in a $1.3 Billion SPAC Deal
Sunlight Financial, a U.S.-based residential solar financing platform, has signed an agreement for a business combination with Apollo Global Management-backed Spartan Acquisition Corporation II, a special purpose acquisition company (SPAC), ...

Residential Solar Financing Company Loanpal Receives $800 Million in Funding
Loanpal, a solar loan origination platform that finances solar systems and batteries, has secured over $800 million in funding in its first external investment round. The investment round was led ...

Investment of ₹52.81 Billion for an 850 MW Hydropower Project in Jammu & Kashmir Approved
The Union Cabinet has approved an investment of ₹52.81 billion (~$723.43 million) for the 850 MW Ratle Hydropower project, located on the Chenab river in the Kisthwar district of Jammu ...

Smart Solar Module Technology Provider Tigo Energy Secures $20 Million in Funding
Tigo Energy, a U.S.-based smart solar module technology provider, has secured a $20 million investment in the latest funding round led by Energy Growth Momentum, a U.K.-based investment firm. The ...

French Oil and Gas Major Total to Acquire 20% Stake in Adani Green for $2.5 Billion
Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL) from Adani Group. The two partners agreed to the acquisition of a ...

Naturgy Enters the US Renewable Energy Market with Acquisition of Hamel Renewables
Naturgy, a Spain-based gas and energy utility company, has entered into the U.S. renewable energy market by acquiring a U.S.-based solar and storage development platform Hamel Renewables. The acquisition incorporates ...

Daily News Wrap-Up: Bengaluru-based Smart EV Startup TresMoto Raises Seed Funding
Here are some noteworthy cleantech announcements of the day from around the world: Jinko Solar, a solar module manufacturer, claims to have achieved a record conversion efficiency of 23.01% for ...

Daily News Wrap-Up: Adani Green Commissions a 25 MW Solar Project in Uttar Pradesh
Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar Energy Chitrakoot One, a step-down subsidiary of Adani Green Energy, has commissioned a 25 MW ...

SK Group, Plug Power to Form Joint Venture to Enhance Footprint in Asian Hydrogen Market
US-based hydrogen fuel cell provider Plug Power has announced that it is forming a strategic partnership with South Korean conglomerate SK Group to enhance its footprints in the Asian hydrogen ...