Government Issues Guidelines for Offshore Wind Power Assessment Study and Survey

Government Issues Guidelines for Offshore Wind Power Assessment Study and Survey

Following the notification of the National Offshore Wind Energy Policy in 2015, the government, through the National Institute of Wind Energy (NIWE), has issued ‘Guidelines for Offshore Wind Power Assessment ...
/ / Wind
Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Global Power Synergy Public Company Limited (GPSC), a power subsidiary of Thailand-based PTT Group, announced that its subsidiary Global Renewable Synergy Company (GRSC) has acquired a 41.6% stake in renewable ...
/ / Finance and M&A, Solar
Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds (1)

Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...
/ / Markets & Policy, Solar
Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees

Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees

New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has signed an agreement with Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), to ...
/ / Electric Vehicles, Grid
Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal

Renewable Technology Company Heliogen to Go Public in a $2 Billion SPAC Deal

Heliogen, a California-based renewable technology company, has signed an agreement for a business combination with Athena Technology Acquisition Corp, a special purpose acquisition company (SPAC), resulting in Heliogen becoming a publicly ...
Peak Power Demand in India Exceeds 200 GW for the First Time

Peak Power Demand in India Exceeds 200 GW for the First Time

Peak power demand reached an all-time high of over 200 GW on July 7, 2021, said R.K. Singh, Union Power Minister, on Twitter. It surpassed the previous all-time high of ...
/ / Grid, Market & Policy
Lumea Invites EoI to Develop 300 MW Battery Storage System in Australia

Lumea Invites EoI to Develop 300 MW Battery Storage System in Australia

Lumea, a commercial arm of TransGrid, has issued an expression of interest (EoI) to develop a 300 MW grid-scale battery storage system in Victoria, Australia. The company plans to develop ...
Masdar Wins the Bid to Develop a 200 MW Solar Project in Armenia

Masdar Wins the Bid to Develop a 200 MW Solar Project in Armenia

Masdar, an Abu-Dhabi-based renewable energy company, won the bid to develop a 200 MW solar project in Armenia. The company had reportedly submitted the lowest bid of $0.029/kWh in a ...
Daily News Wrap-Up: Nissan to Invest £1 Billion in EV and Battery Manufacturing

Daily News Wrap-Up: Nissan to Invest £1 Billion in EV and Battery Manufacturing

Here are some noteworthy cleantech announcements of the day from around the world: Nissan has unveiled its plan to transform its flagship Sunderland manufacturing facility into a £1 billion (~$1.37 billion) new-generation ...
Daily News Wrap-Up Ashok Leyland’s UK Arm Acquires EV Company Switch Mobility

Daily News Wrap-Up: Ashok Leyland’s UK Arm Acquires EV Company Switch Mobility

Here are some noteworthy cleantech announcements of the day from around the world: In a BSE disclosure, Ashok Leyland has announced that Switch Mobility Limited, UK – subsidiary of the ...
Daily News Wrap-Up: US Launches Energy Earthshots to Accelerate Clean Energy Drive

Daily News Wrap-Up: US Launches Energy Earthshots to Accelerate Clean Energy Drive

Here are some noteworthy cleantech announcements of the day from around the world: United States Secretary of Energy Jennifer Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshots Initiative ...
Rooftop Solar Installations in Australia Inch to 256 MW in March 2021

Rooftop Solar Installations in Australia Inch to 256 MW in March 2021

In March 2021, Australian rooftop solar photovoltaic (PV) installations came to 256 MW, a 1.2% increase compared to 253 MW in February 2021. Australia now has 2,783,948 rooftop systems, representing ...
/ / Rooftop, Solar
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 ...
Renewable Cost Drop Leaves 80% Coal Plants Uneconomical in the US Report

Renewable Cost Drop Leaves 80% Coal Plants Uneconomical in the US: Report

A new report titled the 'Coal Cost Crossover 2.0' published by energy and climate policy firm Energy Innovation has noted that 80% of the coal-fired power plants in the United ...
/ / Other, Other Energy
Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green Energy Limited (AGEL) has signed a share purchase agreement to acquire 100% stake in SB Energy India from Soft Bank Group (80%) and Bharti Group (20%). The transaction marks the ...
/ / Finance and M&A, Solar
Project Finance Brief Lightsource bp Acquires 156 MW Solar Projects in Italy

Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy

Lightsource bp, a solar project developer, acquired three projects from Horizon Firm, a developer specialized in solar, totaling 156 MW, across the country. Two of the projects are based in ...
/ / Finance and M&A, Other
Renewables to Gain 40% Share of $250 Billion Power Investments in MENA by 2025

Renewables to Gain 40% Share of $250 Billion Power Investments in MENA by 2025

In a recently published report, the Saudi Arabia-based Arab Petroleum Investments Corporation (APICORP) has predicted that the Middle East and North Africa (MENA) energy sector will receive investments worth $805 ...
Project Finance Brief Goldman Sachs' Renewable Arm to Finance a 216 MW Solar Project

Project Finance Brief: Goldman Sachs’ Renewable Arm to Finance 216 MW Solar Projects

CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has partnered with the Goldman Sachs Renewable Power Group and ...
/ / Finance and M&A, Other
Deutsche Bank Commits to Carbon Neutrality by 2050, Joins Net Zero Banking Alliance

Deutsche Bank Commits to Carbon Neutrality by 2050, Joins Net Zero Banking Alliance

Deutsche Bank has joined the new Net Zero Banking Alliance (NZBA), whose signatories commit to reaching carbon neutrality by 2050. The NZBA was recently formed with 43 banks from 23 ...
/ / Other, Renewable Energy
Maharashtra Defers Levying State Periphery Charges on Renewable Generators

Maharashtra Defers Levying State Periphery Charges on Renewable Generators

The Maharashtra Electricity Regulatory Commission (MERC) has accepted the recommendations of the deviation settlement mechanism (DSM) working group and deferred the levy of state periphery charges until further notice. The ...
/ / Grid, Market & Policy
Solar's Share in India's Installed Power Capacity Rises to 10.7%

Solar’s Share in India’s Installed Power Capacity Rises to 10.7%

India's installed renewable energy (including large hydro projects) capacity stood at 141.4 GW, accounting for a share of 36.94% in the overall power mix at the end of Q1 2021, ...
Rajasthan Allows Net Metering for Distributed Renewable Energy Under RESCO Model

Rajasthan Allows Net Metering for Distributed Renewable Energy Under RESCO Model

The Rajasthan Electricity Regulatory Commission (RERC) has permitted net metering and net billing arrangement for grid-connected distributed renewable energy systems under the renewable energy service company (RESCO) model. The regulations ...
/ / Other, Renewable Energy
Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

According to data released by the International Renewable Energy Agency (IRENA), the world added more than 260 GW of renewable energy capacity in 2020. Global renewable energy capacity additions in ...
/ / Other, Renewable Energy
National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects

National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects

The Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85 (~$0.052)/kWh. The APPC would be applicable during the financial year ...
/ / Grid, Market & Policy
Green Power Tariff

Consumers Opting for 100% Renewables to Pay ‘Green Power Tariff’ of ₹0.66/kWh

The Maharashtra Electricity Regulatory Commission (MERC) has, in a recent order, allowed a 'Green Power Tariff' of ₹0.66 (~$0.009)/kWh to be levied on consumers opting for 100% green energy. The ...
/ / Other, Renewable Energy