Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion

Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion

Shell Petroleum, a wholly owned subsidiary of Shell plc, said it would acquire Denmark-based biogas producer Nature Energy for nearly $2 billion as it seeks to boost its low-carbon business ...
/ / Other, Renewable Energy
Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland's government will make it mandatory for the heat sector to include a share of renewable energy in their services by 2024. Currently, the country's heating sector is substantially behind ...
/ / Other, Renewable Energy
COP27 Says $4 Trillion Renewable Funding Needed Annually for Net Zero by 2050

COP27 Says $4 Trillion Renewable Funding Needed Annually for Net Zero by 2050

The United Nations Climate Change Conference COP27 concluded with the decision to execute the Sharm el-Sheikh Implementation Plan, highlighting the need for global investments of $4 trillion per year in ...
/ / Other, Renewable Energy
India Announces Long-Term Low-Carbon Development Strategy at COP27

India Announces Long-Term Low-Carbon Development Strategy at COP27

At the UN Climate Change Conference (COP27) in Egypt, India unveiled a multi-pronged strategy to achieve low-carbon growth, which includes expanding and stabilizing the renewable electricity grid, phasing down coal, ...
/ / Other, Renewable Energy
Baseload Capital Raises $24 Million to Bolster Geothermal Energy

Baseload Capital Raises $24 Million to Bolster Geothermal Energy

Baseload Capital, a Swedish climate investment fund, has raised $24 million to invest in geothermal energy. With a credit facility of $25 million secured from London-based Sustainable Development Capital in ...
/ / Other, Other Energy
Renewable Energy to Make Up for 50% of the Global Energy Mix by 2050, says DNV Study

Renewable Energy to Make Up for 50% of the Global Energy Mix by 2050, says DNV Study

Renewables will cut the conventional energy share in the overall energy mix to just below the 50% mark in 2050, according to a study by the Norwegian independent energy expert ...
US, India Partner to Accelerate Sustainable Energy Transition

US, India Partner to Accelerate Sustainable Energy Transition

The United States and India recently reiterated their commitment to accelerating the transition into sustainable energy at the ministerial dialogue of the U.S.-India Strategic Clean Energy Partnership (USISCEP). Minister of ...
FDI Inflow Into India’s Renewable Energy Sector Surged 269% YoY in Q1 FY 2023

FDI Inflow Into India’s Renewable Energy Sector Surged 269% YoY in Q1 FY 2023

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $949.45 million (₹75,555 million) in the first quarter (Q1) of the financial year (FY) 2022-23, an increase of 269% ...
/ / Finance and M&A, Other
India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030

The Union Cabinet has approved the Nationally Determined Contribution (NDC) as part of the global response toward climate change goals as agreed under the Paris Agreement. The NDC will be ...
/ / Other, Renewable Energy
Daily News Wrap-Up: ONGC and Greenko to Pursue Opportunities in Renewables

Daily News Wrap-Up: ONGC and Greenko to Pursue Opportunities in Renewables

Here are some noteworthy cleantech announcements of the day from around the world: Oil and Natural Gas Corporation Limited (ONGC) signed a Memorandum of Understanding (MoU) with Greenko ZeroC to ...
/ / Other, Renewable Energy
Brookfield Asset Management Raises $15 Billion for Clean Energy Transition Fund

Brookfield Asset Management Raises $15 Billion for Clean Energy Transition Fund

Canada-based Brookfield Asset Management announced the final institutional close of a $15 billion raise for the Brookfield Global Transition Fund, focused on facilitating the global transition to net zero. Brookfield ...
/ / Finance and M&A, Other
UK Government Stops 35% Plug-in Grant for Purchase of Electric Cars

UK Government Stops 35% Plug-in Grant for Purchase of Electric Cars

The UK government is closing the plug-in grant program after successfully kickstarting the country’s electric car revolution and supporting the sale of half a million electric cars. in 2011 to ...
Mumbai Airport Launches Wind-Solar Hybrid Power Generation for Captive Use

Mumbai Airport Launches Wind-Solar Hybrid Power Generation for Captive Use

Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has launched a pilot project to install a wind-solar hybrid system to generate renewable power for captive use. This initiative is expected ...
Climate transition financing- Std Chartered

Emerging Economies Need $95 Trillion to Achieve Net-Zero Targets: Report

A recent study by the international banking group Standard Chartered reveals how developed countries can help the world's emerging economies achieve the climate transition finance of $94.8 trillion, higher than ...
/ / Other, Renewable Energy
Daily News Wrap-Up: KERC Condones Delay in Commissioning 3 MW Solar Project in VijayaPura

Daily News Wrap-Up: KERC Condones Delay in Commissioning 3 MW Solar Project in Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Karnataka Electricity Regulatory Commission (KERC) has condoned the delay in commissioning a 3 MW solar project by ...
/ / Other, Renewable Energy
Mumbai Releases Climate Action Plan to Zero Out Carbon Emissions by 2050

Mumbai Releases Climate Action Plan to Zero Out Carbon Emissions by 2050

The Brihanmumbai Municipal Corporation (BMC) and the Maharashtra government announced their first-ever climate action plan, the Mumbai Climate Action Plan (MCAP), to zero out carbon emissions by 2050. This makes ...
/ / Other, Renewable Energy
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
Steel Industry Must Invest $278 Billion to Eliminate Carbon Emissions by 2050 BNEF

Steel Industry Must Invest $278 Billion to Eliminate Carbon Emissions by 2050: BNEF

The global steel industry could eliminate carbon emissions by 2050 by investing $278 billion and using green hydrogen and recycling technologies, BloombergNEF (BNEF) has said in a report. The report talks about ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Delhi International Airport to Become Net-Zero by 2030

Daily News Wrap-Up: Delhi International Airport to Become Net-Zero by 2030

Here are some noteworthy cleantech announcements of the day from around the world: Delhi’s Indira Gandhi International Airport (IGIA) is set to become a net-zero carbon emissions airport by 2030 ...
/ / Other, Renewable Energy
India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s transition towards a net-zero economy can contribute over $1 trillion by 2030 and $15 trillion by 2070 in economic impact, the World Economic Forum (WEF) has said in a ...
/ / Other, Renewable Energy
India Aims to Become Carbon Neutral by 2070, Sets 500 GW Non-Fossil Energy Target for 2030

India Aims to Become Carbon Neutral by 2070, Sets 500 GW Non-Fossil Energy Target for 2030

India aims to become a net-zero economy by 2070 and has set a target of installing a non-fossil energy capacity of 500 GW by 2030, Prime Minister Narendra Modi said ...
/ / Other, Renewable Energy
50 MW/500 MWh Liquid-Air Energy Storage Facility Coming to Chile

50 MW/500 MWh Liquid-Air Energy Storage Facility Coming to Chile

Highview Enlasa, a 50/50 joint venture between Highview Power, a long-duration energy storage solutions provider, and Energía Latina S.A.-Enlasa, a backup power generation provider in Chile, has announced the development ...
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Daily News Wrap-Up: SGH2 Signs Green Hydrogen Deals to Decarbonize California

Here are some noteworthy cleantech announcements of the day from around the world: SGH2 Energy has signed a green hydrogen contract with two California-based operators of hydrogen refueling stations. The ...
Daily News Wrap-Up Energy Storage Advocacy Network Launched

Daily News Wrap-Up: Energy Storage Advocacy Network Launched

Here are some noteworthy cleantech announcements of the day from around the world: The Solar Energy Industries Association (SEIA) has announced a new venture to prioritize energy storage across policy ...
Highview Power to Develop up to 2GWh of Liquid Air Energy Storage Projects in Spain

Highview Power to Develop up to 2 GWh of Liquid Air Energy Storage Projects in Spain

Highview Power, a leading provider of long-duration energy storage solutions, has announced that it is developing long-duration liquid air energy storage projects of up to 2 GWh in Spain with ...