Greece Approves €2.02 billion for Developing 2.81 GW of Renewable Energy Projects

Greece Approves €2.02 Billion for Developing 2.81 GW of Renewable Energy Projects

Greece has approved a budget of €2.02 billion (~$2.47 billion) to develop four renewable energy projects totaling 2.81 GW. Greece’s Interministerial Strategic Investment Committee approved an investment worth €888.13 million ...
/ / Other, Renewable Energy
Bharat Forge Invests ₹28.7 Million in Avaada's Open Access Solar Project in Maharashtra

Bharat Forge Invests ₹28.7 Million in Avaada’s Open Access Solar Project in Maharashtra

Bharat Forge, a Pune-based multinational infrastructure company, made an equity investment of ₹28.7 million (~$390,437) in renewable developer Avaada’s special purpose vehicle Avaada SataraMH (ASPL). The company invested the amount ...
/ / Finance and M&A, Solar
US Extends 26% Solar Investment Tax Credit Until 2022

US Extends 26% Solar Investment Tax Credit Until 2022

The United States Congress has passed a bill providing a two-year extension on its solar investment tax credit (ITC) facility, allowing solar power projects across the residential, commercial, industrial, and utility-scale segments ...
Daily News Wrap-Up_ Andhra Pradesh’s Rajahmundry Airport Gets a 1 MW Solar Project

Daily News Wrap-Up: Andhra Pradesh’s Rajahmundry Airport Gets a 1 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Airports Authority of India (AAI) has inaugurated a 1 MW solar project at Rajahmundry airport in Rajamahendravaram, ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Array Technologies Signs Supply Deal for 1 GW of Solar Trackers

Daily News Wrap-Up: Array Technologies Signs Supply Deal for 1 GW of Solar Trackers

Here are some noteworthy cleantech announcements of the day from around the world: Array Technologies has entered into an agreement with RP Construction Services (RPCS) to supply 1 GW of ...
/ / Other, Renewable Energy
US-Based Solar Software Developer Aurora Raises $50 Million

US-Based Solar Software Developer Aurora Raises $50 Million

Aurora Solar, a U.S.-based solar software company, announced that it raised $50 million in Series B funding led by ICONIQ Capital. With this funding, the company has received over $70 ...
/ / Finance and M&A, Solar
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