Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets
India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India's clean energy commitments presents a formidable challenge. India ...
ReNew Power to Raise $585 Million Through Dollar Green Bonds
ReNew Power has announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated senior secured 'green bonds' due 2028 on March 31, 2021, to be issued by its subsidiaries ...
Bids Invited to Set Up a Renewable Energy Park for Tourists in Maharashtra
The Maharashtra Energy Development Agency (MEDA) has invited bids to develop a renewable energy park in Maharashtra's Yavatmal district. The contract will also include comprehensive maintenance of the project for ...
Apple’s Global Suppliers Moving to 100% Renewable Energy in Their Operations
Apple announced that over 110 of its manufacturing partners worldwide are moving to 100% renewable energy. The move would mobilize nearly 8 GW of clean energy to come online. These ...
Tender to Procure Renewable Energy to Charge a Battery Energy Storage System
The Karnataka Renewable Energy Development Ltd (KREDL) has issued an expression of interest (EOI) inviting renewable energy project developers to sell energy (27-30 MWh/day) for seven years. The energy will ...
India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report
India has committed more public money than any other economy– at least $122 billion – to support the energy sector since the start of the Covid-19 crisis, but the government’s ...
Vestas Dominated Global Wind Turbine Supplier Market in 2020
Danish manufacturer Vestas holds the title of the world’s largest supplier of wind turbines in 2020 across the onshore and offshore wind, according to the latest preliminary rankings for the ...
Daily News Wrap-Up: EESL Subsidiary to Distribute 15 Million LED Bulbs in Rural Areas
Here are some noteworthy renewable energy news from around the world: Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services, has unveiled the GRAM UJALA program. Under ...
Hero Future Energies Garners Huge Response for Its First Dollar Green Bond Offering
The renewable energy venture of the Hero Group, Hero Future Energies (HFE), issued their first USD bond in global markets. The green bond was issued through Clean Renewable Power (Mauritius), ...
Tender Floated for 2.6 GW of Solar and Wind Projects in South Africa
South Africa has opened the country's fifth renewable energy bidding window to procure 2.6 GW of clean energy projects. Out of the 2.6 GW capacity, 1.6 GW will be sourced ...
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs
The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
US Solar Industry Grows by 43% With 19.2 GW Installed in 2020 Despite COVID-19
According to the U.S. Solar Market Insight 2020 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar industry grew 43% and installed a ...
Nexamp Secures $440 Million Loan for its 380 MW Solar and Storage Portfolio
Nexamp, a U.S.-based solar energy company, has secured a $440 million senior secured credit facility for its 380 MW of solar and storage portfolio that spreads across five states and ...
Karnataka Proposes to Develop a 500 MW ISTS-Connected Solar Park
Karnataka has proposed setting up a 500 MW solar park at Firozabad in Kalaburagi district, Chief Minister B S Yediyurappa has said, while presenting the state Budget for 2021-22. He ...
Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko
Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had ...
Renewables Portfolio Standard Policy Has Driven 45% of Capacity Addition in the U.S.
The non-hydro power renewable energy generation has advanced by 402 TWh since 2000 in the U.S., of which 189 TWh or 45% of overall growth is because of Renewables Portfolio ...
US Deploys a Record 2,156 MWh of New Energy Storage Solutions in Q4
The United States brought 2,156 MWh of new energy storage systems online in the fourth quarter (Q4) of 2020, a new record for storage with an increase of 182% over Q3, ...
Month in a Minute: Top Headlines from Indian Renewable Sector in February 2021
Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
Philippines Promotes Use of Solar Energy in Buildings for Energy Conservation
Philippines has issued policy guidelines for the adoption of energy-conserving building design and to enhance the demand for energy-efficient materials and technologies. According to the guidelines issued by the Department ...
Renewables Account for 50% of Hindustan Coca-Cola’s Energy Needs in India
Hindustan Coca-Cola Beverages (HCCB) has announced that 50% of all energy requirements at its factories in the country are being met through renewable power. The company has offset 46,500 tons ...
Daily News Wrap-Up: Battery Technology Company Enevate Secures $81 Million in Funding
Here are some noteworthy cleantech announcements of the day from around the world: Enevate, a U.S.-based battery technology company, has secured an investment worth $81 million in a Series E ...
Energy Storage Systems Must Be Charged Using Renewables: Round-the-Clock Power Bid
The Ministry of Power (MoP) has amended the guidelines for the tariff-based competitive bidding process for the procurement of round-the-clock (RTC) power from grid-connected renewable power projects, complemented with power ...
Pathways for US to Meet Net Zero, Net Negative CO2 Emissions by 2050: Report
The American Geophysical Union (AGU) has published a report claiming to have created multiple pathways to help the United States meet net-zero and net negative CO2 emissions by 2050. AGU ...
EBRD, GEF and DEG Provide $31.2 Million Loan to Yellow Door for Solar Projects in Jordan
The European Bank for Reconstruction and Development (EBRD) and DEG have provided a $10.6 million loan in local currency to Yellow Door Energy, a UAE-based renewable energy company, to develop ...
Budget 2021 Sets Aside ₹10 Billion for SECI, Increases Customs Duty on Solar Inverters
Union Finance Minister Nirmala Sitharaman presented the 2021-22 budget in the parliament in the backdrop of a falling economy crushed by the COVID-19 pandemic. The Finance Minister said that the ...
