Daily News Wrap-Up: 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana
Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi inaugurated a 2G ethanol plant at Panipat Refinery in Haryana. The plant was ...
UK Announces $4 Million Grant to Place Solar Panels in Space
In a first globally, the United Kingdom government has announced a £3 million (~$4 million) grant for space-based solar projects aimed at collecting the sun's energy using solar panels orbiting ...
New Research Shows Perovskite Solar Panels can be Printed on Steel Atop Buildings
In a new three-year collaborative study between the Wales-based Swansea University and Tata Steel U.K., researchers found that perovskite solar panels can be printed on steel atop establishments using screen ...
UK Government Stops 35% Plug-in Grant for Purchase of Electric Cars
The UK government is closing the plug-in grant program after successfully kickstarting the country’s electric car revolution and supporting the sale of half a million electric cars. in 2011 to ...
Project Finance Brief: Bluefield Solar Acquires 80 MW Battery Storage Projects in the UK
From: Mercom Capital Group Bluefield Solar, an income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, acquired two standalone 40 MW battery storage ...
Britain’s New Energy Security Strategy Aims at 70 GW of Solar Capacity by 2035
The United Kingdom has set out an Energy Security Strategy to accelerate the deployment of new renewable projects, including wind, nuclear and solar, to contribute to 95% of the electricity ...
Shell to Develop Utility-Scale Solar Projects in the UK
Global energy conglomerate Royal Dutch Shell has signed a framework agreement with the renewable energy developer Island Green Power to develop solar photovoltaic (PV) projects with co-located battery storage potential ...
Generation Investment Acquires 13% Stake in Octopus Energy for $600 Million
Octopus Energy Group (Octopus) has announced a strategic partnership with Generation Investment Management (GIM), a firm founded in 2004 to invest in businesses that promote sustainability and the fight against climate ...
The UK Infuses £265 Million to Support Renewable Energy Projects
The U.K. Government will infuse £265 million (~$366 million) to support renewable energy projects in the upcoming Contracts for Difference (CfD) auction. CfDs are 15-year private contracts between renewable energy ...
United Kingdom to Invest $1.2 Billion in India’s Renewable Energy Projects
The Government of the United Kingdom will invest $1.2 billion through public and private investments in green projects and renewable energy in India to support the latter’s target of 450 GW ...
E-Mobility Company REE Automotive Secures $17 Million in Funding from the UK Government
Israel-based e-mobility company REE Automotive announced that its REEcorner technology had secured $17 million in funding from the United Kingdom government as part of a $57 million investment coordinated through the Advanced ...
Macquarie’s Green Investment Group Launches Solar Energy Company With an 8 GW Portfolio
Macquarie's Green Investment Group (GIG) has launched Cero Generation, a specialist solar energy company working across Europe to support a net-zero future transition. Consolidating GIG's existing and future European solar ...
UK Mulls Changes in its Renewable Program to Increase Generation
The United Kingdom is one of the first few major economies to announce that it would cut emissions to net-zero by 2050. This is a landmark decision, and it confirms ...
UK’s Oil Giant BP to Invest $70 Million in India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~$5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy ...
UK’s Zouk Capital Acquires Majority Stake in Italy’s Electric Mobility Utility BE Power
Zouk Capital, an infrastructure and private equity fund manager, based out of the United Kingdom, has acquired a majority stake in BE Power. BE Power is a digital utility active ...
The United Kingdom Joins International Solar Alliance
The United Kingdom is the latest entrant to the International Solar Alliance (ISA), joining hands with India and 73 other member nations toward a common goal of sustainability. The United ...
Siemens and Drax Power Enter £40 Million Contract for Upgradation of Biomass Turbines
Drax Power and Siemens have signed a £40 million ($52.47 million) contract for the upgrade of turbines on three of Drax Power’s biomass units over the next three years. The ...
Solar Imports Grew by 40 Percent Year-over-Year, Exports Declined 22 Percent in the First Seven Months of Financial Year
In the seven months from April to October in financial year (FY) 2016-17, export and import activity totaling $1.22 billion (~Rs.83.22 billion) was registered in the Indian solar sector. This ...
India Solar PV Imports and Exports Rising
India exported solar modules and cells worth $41 million (~Rs.2.74 billion) from April to July 2016, which was up 116 percent from the same time last year. During that same ...