Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

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 ...
BNEF, net zero, financing, green energy, public and private, investment, power supply, electrification

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 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 ...
/ / Other, Renewable Energy
UAE’s Masdar to Develop 2 GW of Solar Projects in Zambia

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 ...
Chinese Firm Starts Construction of $11.8 Billion Mega Energy Project

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

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 ...
/ / Finance and M&A, Solar
Norway’s Wealth Fund to Buy 49% Stake in Iberdrola’s Solar, Wind Projects

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 ...
/ / Other, Renewable Energy
Alantra and Solarig Partner to Launch a €1.7 billion Solar Investment Vehicle

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 ...
/ / Finance and M&A, Solar
Qcells to Invest Over $2.5 Billion to Build Solar Supply Chain in the US

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 ...
/ / Markets & Policy, Solar
Greenko to Build a ₹100 Billion Pumped Hydro Storage Project in Madhya Pradesh

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

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 ...
/ / Grid, Market & Policy
Here is How Much Businesses are Saving from Installing Solar (1)

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 ...
/ / C&I, Mercom Research Focus, Solar
Alternus Secures €500 Million Facility to Expand Clean Energy Business

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 ...
/ / Other, Renewable Energy
Energy Firm Vattenfall to Build a 1.3 GW Offshore Wind Farm in Finland

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 ...
/ / Other, Wind
Shell Acquires 2 GW Solar Project Pipeline from Green Tie Capital in Spain

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 ...
/ / Finance and M&A, Solar
EIP Closes First Round of Global Transition Fund with €1 Billion Commitments

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 ...
/ / Other, Renewable Energy
CleanMax and Meta to Invest in 33.8 MW Renewable Energy Projects in India

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 ...
/ / Other, Renewable Energy
PIF Buys Stake in Germany-based Offshore Wind Developer with 7 GW Portfolio

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 ...
/ / Finance and M&A, Wind
Power Producer Encavis AG’s Fund Closes Investment Phase with €1.13 Billion

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 ...
/ / Other, Renewable Energy
India Could Attract $1.6 Trillion to Developing Technology to Tackle Climate Change

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 ...
Daily News Wrap-Up: Cummins to Build India’s Largest Electrolyzer for GAIL

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 ...
/ / Other, Renewable Energy
Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Globeleq Inks Pact for 3.6 GW Green Hydrogen Project in Egypt

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 ...
/ / Other, Renewable Energy
BlackRock Raises $4.5 Billion for Clean Energy Focused-Infrastructure Fund

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

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 ...