sustainability

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Vena Energy Secures $600 Million Loan to Boost Renewable Projects in APAC

Singapore-based renewable energy firm Vena Energy signed a five-year sustainability-linked revolving credit facility worth JP¥87 billion (~$600 million) to accelerate...

February 22, 2024

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Staff

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Finance and M&A

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Renewable Energy
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Tamil Nadu Floats Tender for 420 MW Solar Projects Under KUSUM

Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has floated a tender to set up 420 MW of solar power projects under Component A of the Pradhan Mantri Kisan...

February 7, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Energy Major Repsol Acquires US Onshore Wind Firm ConnectGen for $768 Million

Madrid-based energy and petrochemical company Repsol has acquired ConnectGen, a U.S.-based renewable energy development company, for $768 million from Quantum Capital...

September 11, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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G20 Calls for Phasing Down Coal, Tripling Clean Energy Capacity by 2030

The recently concluded G20 Leaders’ Summit in Delhi called for a dedicated fund for the energy transition efforts of developing countries, phasing down unabated...

September 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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US Releases New Guidelines For Clean Energy Jobs Under Inflation Reduction Act

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed rules and guidelines under the Inflation Reduction Act (IRA) to harmonize...

August 31, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: Reactive Power Support for Renewables Key to Prevent Blackouts

The drive towards energy security and cleaner power sources has led to robust renewable energy capacity additions in India. Among renewables, solar and wind energy –...

August 30, 2023

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Mercom Staff

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Daily Wrap-up
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UAE Banks Prioritize Green Financing to Tackle Climate Change

The UAE Banks Federation (UBF) has disclosed that six major banks, including the First Abu Dhabi Bank, the Abu Dhabi Commercial Bank, the Emirates NBD, the Dubai Islamic...

August 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Other

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Renewable Energy
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Occidental Acquires a Direct Air Capture Tech Firm in a $1.1 Billion Deal

Occidental, a U.S.-headquartered global energy company, has announced the acquisition of Carbon Engineering, a company specializing in direct air capture (DAC)...

August 17, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Cabinet Approves ₹576 Billion Program to Boost Urban Electric Mobility

In a move towards promoting sustainable urban transportation and economic growth, the Union Cabinet has approved the “PM-eBus Sewa” program, under which  10,...

August 16, 2023

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy
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ICICI Bank Lends ₹119 Billion Under Green Financing Portfolio in Fiscal 2023

ICICI Bank has provided loans amounting to ₹556 billion (~$6.7 billion) to sectors like renewable energy, electric vehicles, and green-certified real estate, among other...

August 8, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Cement-Carbon Black Supercapacitor Can Store Energy at Low Cost: MIT

Researchers at the Massachusetts Institute of Technology (MIT), along with colleagues from the Wyss Institute for Biologically Inspired Engineering, have discovered that...

August 4, 2023

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Gautamee Hazarika

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Solar

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Technology
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India Unveils Critical Minerals List to Boost Clean Energy and Cut Imports

Union Minister of Coal, Mines & Parliamentary Affairs, Pralhad Joshi, has unveiled India’s first-ever report on “Critical Minerals for India,” identifying a...

June 29, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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States Must Define Standards to Overcome Challenges in Agrivoltaic Projects: IISD

A recent report published by the International Institute for Sustainable Development (IISD) has listed specific business models that would help India cope with the...

June 2, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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ESG Ratings Not Yet a Focus for Indian Banks in Trade Finance Transactions

There is a positive momentum towards sustainability in supply chain finance as more banks are utilizing Environmental, Sustainable, and Governance (ESG) rating services...

May 3, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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ArcelorMittal to Use Wind Energy for Steel Factories in India and Brazil

Steelmaker ArcelorMittal has said it has roped in Siemens Gamesa in India and Casa dos Ventos in Brazil to install wind projects for powering its steel factories to...

April 18, 2023

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Gautamee Hazarika

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Other

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Renewable Energy

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