16 Countries Pledge $94 Billion for Renewable Demonstration Projects Globally

16 Countries Pledge $94 Billion for Renewable Demonstration Projects Globally

Sixteen countries committed $94 billion for clean energy demonstration projects globally at the first-ever Global Clean Energy Action Forum in Pittsburgh. The commitments are in response to U.S. President Joe ...
/ / Other, Renewable Energy
Glennmont and MN To Invest €700 Million for Renewables Expansion Across Europe

Glennmont and MN To Invest €700 Million for Renewables Expansion Across Europe

Clean energy fund manager Glennmont Partners from Nuveen, in partnership with Dutch pension fund manager MN announced the launch of the Nuveen European Core Renewable Infrastructure (NECRI) strategy to provide ...
Reliance Acquires 20% Stake in Module Technology Firm Caelux for $12 Million

Reliance Acquires 20% Stake in Perovskite-based Solar Tech Firm Caelux for $12 Million

Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired a 20% stake for $12 million in California-headquartered Caelux Corporation, a company developing perovskite-based solar technology to enhance ...
/ / Finance and M&A, Solar
Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain

Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain

The European Commission has approved the second phase of the Important Project of Common European Interest (IPCEI) to support research, innovation, and the first industrial deployment of the hydrogen technology ...
/ / Other, Renewable Energy
KKR to Invest $450 Million in Hero Future Energies (1)

KKR and Hero Group to Invest $450 Million in Hero Future Energies

Global investment firm Kohlberg Kravis Roberts (KKR) and the Hero Group signed definitive agreements to invest $450 million in Hero Future Energies (HFE), the renewable energy arm of the Hero ...
First Solar to Invest $1.2 Billion to Scale Production of US-Made Solar PV Modules

First Solar to Invest $1.2 Billion to Scale Production of US-Made Solar PV Modules

U.S.-based solar module manufacturer First Solar has announced an investment of $1.2 billion to scale the production of American-made, responsibly-produced photovoltaic (PV) solar modules totaling 4.4 GW, to support the ...
/ / Other, Renewable Energy
Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10 (~$0.125) each at ...
/ / Finance and M&A, Other
Ford Motor to Procure 650 MW Solar Energy to Power its Michigan Operations

Ford Motor to Procure 650 MW Solar Energy to Power its Michigan Operations

Automobile major Ford Motor Company will procure 650 MW of new solar energy capacity in Michigan following a clean energy agreement with DTE Energy, a Detroit-based diversified energy company. The ...
/ / Commercial, Solar
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio

Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio

U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
/ / Finance and M&A, Other
British International Investment Announces $250 Million for Mahindra's EV Venture

British International Investment Announces $250 Million for Mahindra’s EV Venture

British International Investment (formerly CDC Group), a U.K. government-owned development finance institution, will invest up to $250 million in a new passenger electric vehicle (EV) venture to be launched by ...
Tata Power to Invest ₹750 billion in Renewables in the Next Five Years

Tata Power to Invest ₹750 billion in Renewables in the Next Five Years

Tata Power has planned to spend over ₹750 billion (~$9.46 billion) in the next five years on renewables. Tata Power has a consolidated capital expenditure of ₹140 billion (~$1.76 billion) ...
EDP Renewables to Invest $1.58 Billion to Develop Offshore Wind Projects

EDP Renewables to Invest $1.58 Billion to Develop Offshore Wind Projects

Spain-based renewable energy company EDP Renewables (EDPR) announced that it would invest €1.5 billion (~$1.58 billion) in Ocean Winds through a 50:50 joint venture with global energy company Engie. The ...
Global Energy Investments Set to Reach $2.4 Trillion in 2022 IEA

Global Energy Investments Set to Reach $2.4 Trillion in 2022: IEA

Global energy investment will increase by 8% in 2022 to reach $2.4 trillion, with the anticipated rise coming mainly in clean energy, according to World Energy Investment 2022 report published ...
/ / Finance and M&A, Other
EU Grants €2.4 Billion to Seven European Nations to Modernize Energy Systems

EU Grants €2.4 Billion to Seven European Nations to Modernize Energy Systems

The European Commission (EC) has extended a €2.4 billion grant from the Modernisation Fund to seven countries to help improve their energy systems, reduce greenhouse gas emissions in energy, and ...
IKEA Acquires Solar Park and Wind Farm in Poland for $202 Million

IKEA Acquires Solar Park and Wind Farm in Poland for $202 Million

Ingka Group, which owns most of the IKEA Retail stores globally, has acquired a ready-to-build solar park and wind farm in Wyoska in North-Western Poland through its investment arm, Ingka ...
Sustainable Investment Firm SustVest Raises $160,000 From Angel Investors

Sustainable Investment Firm SustVest Raises $160,000 From Angel Investors

A Gurgaon-based sustainable investment firm SustVest has raised $160,000 from angel investors to enhance its presence in India’s clean energy market. The funding round was led by early-stage investors Paurush ...
French Startup CARBON to Set Up Solar Module Gigafactory by 2025

French Startup CARBON to Set Up Solar Module Gigafactory by 2025

French startup CARBON has announced its plans to set up a gigafactory of solar modules in France. The company plans to produce 5 GW of modules by 2025 and then ...
/ / Other, Renewable Energy
_Global Investment in Energy Transition Reached $755 Billion in 2021 Report (1)

Global Investment in Energy Transition Reached $755 Billion in 2021: Report

Global investment in the energy transition reached a record of $755 billion in 2021, BloombergNEF (BNEF) has said in its recent report. The investments are driven by rising climate ambition and policy ...
/ / Other, Other Energy
GIP to Invest $500 Million in Renewable Energy Developer BrightNight

GIP to Invest $500 Million in Renewable Energy Developer BrightNight

Global Infrastructure Partners (GIP), a U.S.-based infrastructure fund manager, and its co-investors announced that it would invest $500 million in BrightNight, an independent renewable power producer, through Global Infrastructure Partners Capital Solutions ...
/ / Finance and M&A, Solar
Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

MidAmerican Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, announced its plans for a $3.9 billion renewable energy project in Iowa, United States. The proposed project called ‘Wind PRIME’ ...
/ / Other, Renewable Energy
Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Hydrostor, a Canada-based long-duration energy storage solution provider, announced that it had secured $250 million funding from the Private Equity and Sustainable Investing Businesses within Goldman Sachs Asset Management. The company ...
/ / Energy Storage
Daily News Wrap-Up: IndiGrid Bags Transmission Project to Evacuate 1 GW of Renewables

Daily News Wrap-Up: IndiGrid Bags Transmission Project to Evacuate 1 GW of Renewables

Here are some noteworthy cleantech announcements of the day from around the world: REC Power Development and Consultancy Limited (RECPDCL), a 100% subsidiary of REC Limited, handed over the project-specific ...
/ / Other, Renewable Energy
Schroders To Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders to Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million

Schroders, a London-based asset management company, announced that it had signed an agreement to acquire a 75% shareholding in Greencoat Capital Holdings, a British renewables investor, for £358 million (~$474.09 million) ...
/ / Finance and M&A, Other
Ecuador Floats Tender for 500 MW of Renewable Energy Projects

Ecuador Floats Tender for 500 MW of Renewable Energy Projects

The Ministry of Energy and Non-Renewable Natural Resources of Ecuador has issued the call for tenders for three public selection processes for financing, construction, operation, and maintenance of two power generation projects ...
/ / Solar, Tenders & Auctions
Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation-led consortium has announced that it would acquire a 51% equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. The consortium includes Keppel Asia Infrastructure Fund ...
/ / Finance and M&A, Other