Scatec Posts $42 Million Loss in Q4 as Laos Projects Underperform

Scatec Posts $42 Million Loss in Q4 as Laos Projects Underperform

Norwegian independent power producer Scatec swung into a net loss of NOK 433 million (~$42 million) in the fourth quarter (Q4) of 2022, compared with a profit of NOK 136 ...
Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Corporate entities will have to outline the process followed to determine how projects and assets fit within the eligible green project categories for issuing and listing debt securities. The Securities ...
/ / Finance and M&A, Other
Assam DISCOM Invites Bids for 10 MW Solar Project

Assam DISCOM Invites Bids for 10 MW Solar Project

The Assam Power Distribution Company Limited (APDCL) has invited bids from solar power developers to set up 10 MW grid-connected solar photovoltaic (PV) power projects under Phase II of the ...
STT GDC India to Buy Renewable Energy From O2 Power Under Open Access

STT GDC India to Buy Renewable Energy From O2 Power Under Open Access

ST Telemedia Global Data Centers India (STT GDC India) said it will buy power through open access under the captive mode from O2 Power, a subsidiary of O2 Energy SG ...
EU Unveils the Green Deal Industrial Plan but Silent on Funding Specifics

EU Unveils the Green Deal Industrial Plan but Silent on Funding Specifics

The European Commission unveiled a major cleantech plan  – the ‘Green Deal Industrial Plan’ -- to help make Europe a center for innovations and investments as it tries to tackle ...
/ / Other, Renewable Energy
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

UAE’s Masdar to Develop 5 GW Renewable Energy Projects in Africa

UAE government-owned renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a combined capacity of up to 5 GW to help ...
Daily News Wrap-Up: RBI to Auction Green Bonds on January 25

Daily News Wrap-Up: RBI to Auction Green Bonds on January 25

The government announced the sale of sovereign green bonds (SGB) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The auction ...
/ / Daily Wrap-up, Other
US Agency to Train Renewable Energy Procurers in Eight Indian States

US Agency to Train Renewable Energy Procurers in Eight Indian States

The United States Trade and Development Agency (USTDA) has launched the Interstate Clean Energy Procurement Program (ICEPP) to train public procurers of clean energy on the best value and life-cycle ...
/ / Other, Renewable Energy
RBI to Auction First Tranche of Green Bonds Worth ₹80 Billion on January 25

RBI to Auction First Tranche of Green Bonds Worth ₹80 Billion on January 25

The government has announced the sale of sovereign green bonds (SBG) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The ...
/ / Finance and M&A, Other
German Chancellor Reaffirms Commitment to Achieve Net Zero by 2045

German Chancellor Reaffirms Commitment to Achieve Net Zero by 2045

Germany’s renewable shift is well on track despite setbacks and has accelerated post the Russian invasion of Ukraine, Chancellor Olaf Scholz said while addressing a session at the 53rd World ...
World Bank To Provide $200 Million for Two Solar Projects in India

World Bank To Provide $200 Million for Two Solar Projects in India

The World Bank has signed agreements with the Government of India and the Solar Energy Corporation of India (SECI) for loans and grants worth $200 million to deploy renewable energy ...
/ / Finance and M&A, Other, Solar
Data-based Decision-making Vital for Africa’s Renewable Energy Planning

Data-based Decision-making Vital for Africa’s Renewable Energy Planning

The Renewable Energy Performance Platform (REPP) has curated a spatially explicit database for existing and proposed renewable power projects in Africa to enable data-based decision-making for the optimization of renewable ...
Renewable Energy Can Boost Bottom Lines of Small Businesses

Renewable Energy Can Boost Bottom Lines of Small Businesses

Businesses in the commercial and industrial (C&I) segment often pay a heavy price by delaying the adoption of renewable energy as an alternative energy source. Although the economics of installing ...
Boralex Acquires 50% Stake in Five Wind Farms with 894 MW Capacity

Boralex Acquires 50% Stake in Five Wind Farms with 894 MW Capacity

Renewable energy company Boralex has completed the acquisition of EDF Renewables’ interest in five operating wind farms located in Texas and New Mexico, amounting to 894 MW. EDF Renewables’ interest ...
/ / Finance and M&A, Wind
IIT Researchers Discover Enzyme that Breaks Down Biomass into Bioethanol Fuel

IIT Researchers Discover Enzyme that Breaks Down Biomass into Bioethanol Fuel

Researchers from the Indian Institute of Technology, IIT Guwahati, in collaboration with the University of Lisbon, Portugal, have found a bacterial endoglucanase enzyme capable of breaking down biomatter into simple ...
/ / Biofuel, Technology
Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector, bringing out their insights and opinions on the industry and the way forward. Here ...
India’s Green Policies in 2022 Laid the Groundwork to Meet Future Targets

India’s Green Policies in 2022 Laid the Groundwork to Meet Future Targets

The Ministries of Power and New and Renewable Energy continued with policy reforms in 2022, laying the groundwork for a robust green energy market in the country. The government has ...
/ / Other, Renewable Energy
European Commission Approves Germany’s Modified Plan to Support Renewables

European Commission Approves Germany’s Modified Plan to Support Renewables

The European Commission has approved the amendment to a German government’s program called Renewable Energy Act 2023 (EEG 2023), which seeks to extend and modify the country’s support of renewable ...
/ / Other, Renewable Energy
Wind Projects Were Delayed Due to Labor Migration and Supply Chain Disruptions

Wind Projects Were Delayed Due to Labor Migration and Supply Chain Disruptions

Wind projects faced delays due to issues related to the right of way, labor migration, and supply chain disruptions owing to the COVID-19 pandemic, Union Power Minister R.K. Singh told ...
/ / Other, Wind
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
Researchers Claim Aqueous Redox Flow Battery a Viable Option for Renewable Storage

Researchers Claim Aqueous Redox Flow Battery a Viable Option for Renewable Storage

Researchers at the Chinese Academy of Sciences (CAS) claimed to have built a stable kilowatt-scale aqueous redox flow battery (AOFB) with high-performance organic redox-active molecules for renewable storage. The battery ...
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
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
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
Researchers Claim Perovskite Tandem Solar Cell Shows 27.4% Efficiency

Researchers Claim Perovskite Tandem Solar Cell Shows 27.4% Efficiency

A team of researchers from Northwestern University, the University of Toronto, and the University of Toledo claim to have developed an all-perovskite tandem solar cell with a conversion efficiency of ...
/ / Solar, Technology