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
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 ...
SECI Invites R&D Proposals to Set Up Pilot Energy Storage Systems

SECI Invites R&D Proposals to Set Up Pilot Energy Storage Systems

Solar Energy Corporation of India (SECI) has invited research and development (R&D) proposals to set up pilot energy storage systems (ESS) and other renewable energy projects and products. The tender ...
US Generated 24% of the Country's Power from Renewable Sources During 1H 2022

US Generated 24% of the Country’s Power from Renewable Sources During 1H 2022

Around 24% of the utility-scale electricity generation came from renewable resources in the United States during the first half (1H) of 2022, a growth of 21% from the same period ...
/ / Other, Renewable Energy
Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe

Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe

Aquila Clean Energy, a clean energy development platform of Germany-based asset manager Aquila Capital, has secured €1 billion (~$1.005 billion) from the European Investment Bank (EIB) and commercial banks to ...
/ / Finance and M&A, Other
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
Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects

Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects

From: Mercom Capital Group Low Carbon, a renewable energy developer, raised a £230 million (~$265 million) senior debt facility to construct 1 GW of large-scale renewable energy projects in the ...
/ / Other, Renewable Energy
Funding and M&A Roundup: Battery Recycling Company Ascend Elements Raises $50 Million

Funding and M&A Roundup: Battery Recycling Company Ascend Elements Raises $50 Million

From: Mercom Capital Group Ascend Elements, a lithium-ion battery recycling and engineered materials company, announced a strategic investment of $50 million from SK ecoplant, the environmental unit of Korean conglomerate SK Inc. The ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Servotech Bags 4 MW Rooftop Solar Project in Uttar Pradesh

Daily News Wrap-Up: Servotech Bags 4 MW Rooftop Solar Project in Uttar Pradesh

Here are some noteworthy cleantech announcements of the day from around the world: Servotech Power Systems bagged a large-scale, state-spanning grid-interactive rooftop solar power project from the Uttar Pradesh New ...
/ / Other, Renewable Energy
Seci Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

SECI Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

Solar Energy Corporation of India (SECI) has invited bids for the supply of 2.25 GW of round-the-clock (RTC) power from interstate transmission system (ISTS)-connected renewable power projects complemented with power ...
/ / Other, Tenders and Auctions
NTPC Invites Bids to Procure Renewable and Round-the-Clock Power

NTPC Invites Bids to Procure Renewable and Round-the-Clock Power

NTPC Vidyut Vayapar Nigam (NVVN), a wholly-owned subsidiary of NTPC, has invited expressions of interest (EoIs) from renewable developers to procure renewable and round-the-clock (RTC) power on a medium and ...
/ / Other, Renewable Energy
Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use

Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use

Diversified Indian conglomerate Reliance Industries (RIL) has targeted installing 20 GW of solar energy generation capacity by 2025. Addressing RIL’s annual general meeting, Group Chairman Mukesh Ambani said that the ...
/ / Other, Renewable Energy
Harsh Shah Steps Down as Azure Power CEO Two Months After Taking Charge

Harsh Shah Steps Down as Azure Power CEO Two Months After Taking Charge

Independent power producer Azure Power Global announced the resignation of its Chief Executive Officer (CEO), Harsh Shah, two months after he took charge. Rupesh Agarwal, who was appointed by Azure ...
/ / Other, Renewable Energy
Daily News Wrap Up Ohmium Partners With Shell India on Green Hydrogen Solutions

Daily News Wrap-Up: Ohmium Partners With Shell India on Green Hydrogen Solutions

Here are some noteworthy cleantech announcements of the day from around the world: Green hydrogen company Ohmium International is collaborating with Shell India to evaluate hydrogen applications, markets, and project ...
/ / Other, Renewable Energy
Tata Motors Signs PPA with Tata Power to Develop 7.25 MW Onsite Solar Project

Tata Motors Signs PPA with Tata Power to Develop 7.25 MW Onsite Solar Project

Tata Motors inked a power purchase agreement (PPA) with Tata Power to develop a 7.25 MW onsite solar project at its commercial vehicle manufacturing unit in Jamshedpur. With the signing ...
/ / Press Releases, Solar
Daily News Wrap-Up: IREDA Partners with Bank Of India to Fund Renewable Energy Projects

Daily News Wrap-Up: IREDA Partners with Bank Of India to Fund Renewable Energy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Bank of India ...
/ / Other, Renewable Energy
ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project

ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project

India-based independent power producer ReNew Power announced a partnership with twelve international lenders for what is deemed to be the largest External Commercial Borrowings (ECB) project finance loan totaling $1.1 ...
Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

The Ministry of Power (MoP) has suggested creating a central pool of interstate transmission systems (ISTS)-connected renewable energy sources from which an intermediary company will procure power to be supplied ...
/ / Grid, Market & Policy
IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) ...
Daily News Wrap-Up Rays Power Infra Commissions 150 MW Solar Project in Karnataka

Daily News Wrap-Up: Rays Power Infra Commissions 150 MW Solar Project in Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Rays Power Infra announced the commissioning of a 150 MW grid-connected solar power plant in Raichur and ...
/ / Other, Renewable Energy
Daily News Wrap-Up Lok Sabha Passes Bill to Establish Carbon Credit Trading Markets

Daily News Wrap-Up: Lok Sabha Passes Bill to Establish Carbon Credit Trading Markets

Here are some noteworthy cleantech announcements of the day from around the world: The Lok Sabha passed the Energy Conservation (Amendment) Bill 2022, which provides for establishing carbon credit markets ...
/ / Other, Renewable Energy
NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC recorded a total income of ₹436 billion (~$5.54 billion) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 4.34% from ₹304 billion ...
/ / Other, Renewable Energy
Daily News Wrap-Up Indian Airports Taking Steps to Reduce Carbon Footprint

Daily News Wrap-Up: Indian Airports Taking Steps to Reduce Carbon Footprint

Here are some noteworthy cleantech announcements of the day from around the world: Minister of State in the Ministry of Civil Aviation V K Singh informed the Rajya Sabha informed ...
MasTec to Acquire Infrastructure and Energy Alternatives for $1.1 Billion

MasTec to Acquire Infrastructure and Energy Alternatives for $1.1 Billion

Renewable energy construction company MasTec is acquiring renewable energy and infrastructure services provider Infrastructure and Energy Alternatives (IEA) for $1.1 billion. MasTec will acquire all of the outstanding shares of IEA ...
Daily News Wrap-Up: Azure Commissions Assam’s Largest Solar Project

Daily News Wrap-Up: Azure Commissions Assam’s Largest Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power announced the commissioning of its 90 MW solar power project in Assam, the largest solar ...