Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally
Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
Search for Clean Energy Sources Needs $45.8 Trillion Investments by 2050
The search for clean and secure sources of low-carbon power — including fossil fuel-fitted with carbon capture technology — may present as much as a $45.8 trillion investment opportunity by ...
Brazil-based Unigel to Invest $1.5 Billion for a Green Hydrogen Project
Brazil-based chemical company Unigel said it would invest about $1.5 billion in an industrial-scale green hydrogen project in the South American country. The project would make Unigel the country's largest ...
UAE’s Masdar to Develop 2 GW of Solar Projects in Zambia
Zambia Electricity Supply Corporation (Zesco), a state-owned power utility, signed a memorandum of understanding and joint development agreement with Masdar, the UAE-government-owned renewable energy company, for a capital investment of ...
China’s Mega Power Project with 12 GW Renewables Share Starts Construction
China Three Gorges (CTG) Corporation, a state-owned power company, has begun constructing the first phase of its 16 GW power project, which will comprise 8 GW of solar, 4 GW ...
Loom Solar Raises $2 Million from US-Based Asset Manager
Haryana-based solar technology startup Loom Solar raised $2 million in funding from the U.S.-based asset manager Social Investment Managers and Advisors (SIMA Funds) to support its growth strategy for solar ...
Norway’s Wealth Fund to Buy 49% Stake in Iberdrola’s Solar, Wind Projects
Norway’s sovereign wealth fund Norges Bank Investment Management has signed an agreement to acquire a 49% stake in Iberdrola’s upcoming renewable energy portfolio comprising nearly 1.3 GW of solar and ...
Alantra and Solarig Partner to Launch a €1.7 Billion Solar Investment Vehicle
Global financial services firm Alantra has partnered with the utility-scale clean energy project developer Solarig, Switzerland-based Infrastructure asset manager Reichmuth and France-based asset manager Amundi Energy Transition to launch a ...
Qcells to Build Solar Supply Chain in the US with $2.5 Billion Investment
Solar cell and module manufacturer Qcells said it will invest over $2.5 billion to build a complete solar supply chain in the U.S. The Seoul-headquartered company will launch a new ...
Greenko to Build a ₹100 Billion Pumped Hydro Storage Project in Madhya Pradesh
The Greenko Group has said it will invest ₹100 billion (~$1.2 billion) in setting up a pumped storage project in the Neemuch district of Madhya Pradesh. The daily storage capacity ...
Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project
Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49% ownership stake in ReNew Power’s transmission ...
Here is How Much Businesses are Saving from Installing Solar
The benefits to businesses from adopting solar are so overwhelming that it defies logic for any entity to be in doubt about it. The saving alone can be as high ...
Alternus Secures €500 Million Facility to Expand Clean Energy Business
Ireland-headquartered renewables producer Alternus Energy has signed a deal with Deutsche Bank for a project financing facility of up to €500 million (~$532.3 million). An initial draw of €80 million ...
Energy Firm Vattenfall to Build a 1.3 GW Offshore Wind Farm in Finland
Europe-based energy company Vattenfall has entered a joint venture agreement with Metsähallitus, an enterprise managing land, and water areas, to build and operate Finland’s first major offshore wind farm off ...
Shell Acquires 2 GW Solar Project Pipeline from Green Tie Capital in Spain
Shell New Energies Holding Europe (Shell) has acquired Spain-based Green Tie Capital's ten under-development solar energy projects across Spain, with a potential generation capacity of 2 GW. The company didn’t ...
EIP Closes First Round of Global Transition Fund with €1 Billion Commitments
Switzerland-based collective assets manager Energy Infrastructure Partners AG (EIP) announced the first closure of its global transition infrastructure fund by raising €1 billion (~$1.06 billion) commitments in collaboration with Credit ...
CleanMax and Meta to Invest in 33.8 MW Renewable Energy Projects in India
Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has partnered with global internet giant Meta to invest in 33.8 MW of new renewable energy projects in India. The projects ...
PIF Buys Stake in Germany-based Offshore Wind Developer with 7 GW Portfolio
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), alongside independent infrastructure investment fund Global Infrastructure Partners (GIP), acquired up to 9.5% equity stake in Germany-based offshore wind developer ...
Power Producer Encavis AG’s Fund Closes Investment Phase with €1.13 Billion
Europe-based independent power producer Encavis AG’s fund Encavis Asset Management completed the investment phase of the Encavis Infrastructure Fund II (EIF II) with a total value of €1.13 billion (~$1.19 ...
India Could Attract $1.6 Trillion for Developing Technology to Tackle Climate Change
The steadily rising temperatures due to climate change could create investment opportunities worth $1.6 trillion by 2040 in alternative and innovative energy-efficient technologies used to keep spaces cool, a new ...
Spain-based CEPSA to Invest €5 Billion to Build Green Hydrogen Plants in Andalusia
Spain-based energy company Compañía Española de Petróleos, S.A.U. (CEPSA) said it will invest €3 billion (~$3.15 billion) to build 2 GW plants for producing 300,000 tons of green hydrogen in ...
Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group
Private equity firm Actis-backed BluPine Energy acquired 404 MW of solar assets from Kolkata-based mining company Atha Group. The company’s operational solar portfolio is spread across India. Actis said that ...
Daily News Wrap-Up: Globeleq Inks Pact for 3.6 GW Green Hydrogen Project in Egypt
Here are some noteworthy cleantech announcements of the day from around the world: Globeleq signed a Framework Agreement with the Government of Egypt to jointly develop a large-scale green hydrogen ...
BlackRock Raises $4.5 Billion for Clean Energy Focused-Infrastructure Fund
Asset management firm BlackRock has raised $4.5 billion in its initial investor commitments for a new fund to invest in climate and clean energy-focused projects. The BlackRock Global Infrastructure Fund ...
Global Asset Management Firm Capital Dynamics Closes €521 Million Clean Energy Fund
Capital Dynamics, an independent global private asset management company, has closed its latest clean energy fund at €521 million (~$508 million) in capital commitments. The fund — Capital Dynamics Clean ...
