Renewable Energy

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Plug Power’s Losses Deepen Despite Cost-Cutting Measures

U.S.-based hydrogen fuel cell company Plug Power‘s loss-widening streak continued even after it announced cost-cutting measures following the resolution of going...

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Fewer Installation Delays in 2023 Boost Utility-Scale Solar Projects in US: EIA

The United States power sector faced fewer delays in installing new utility-scale solar photovoltaic (PV) projects in 2023 compared to 2022, according to a recent...

May 14, 2024

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Staff

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Other

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Renewable Energy
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Greenko to Supply Green Ammonia to Norway’s Yara from Andhra Pradesh Facility

Norway-based ammonia trader and distributor Yara Clean Ammonia has signed a term sheet with Greenko ZeroC, the green ammonia production arm of the India-based AM Green,...

May 14, 2024

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Staff

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Renewable Energy
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SolarEdge’s Q1 2024 Net Loss Narrows to $108.6 Million

SolarEdge, an Israel-based solar inverter manufacturer, recorded a net loss of $108.6 million in the first quarter (Q1) of 2024, an improvement of 37.7% on a...

May 13, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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RE100 Companies Met 50% of Power Needs from Renewables in 2022

RE100, a consortium of over 400 companies committed to using 100% renewable electricity, met 50% of their electricity needs from renewables in 2022, up from 49% in 2021,...

May 9, 2024

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Staff

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Renewable Energy
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JSW Energy’s Q4 Profits Up 22% as Renewable Generation Surges by 124%

Independent power producer JSW Energy reported a net profit of ₹3.43 billion (~$41.07 million), a jump of 22% year-over-year (YoY) in the fourth quarter (Q4) of the...

May 8, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Fuel Cell Firm Ballard Posts $14.5 Million Revenue, Proposes New 3 GW Facility

Fuel cell manufacturer Ballard Power Systems recorded a net loss from continuing operations in the first quarter (Q1) of 2024 amounted to $41.1 million, recording an...

May 8, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Meghalaya Allows Green Open Access for Consumers with 100 kW Load

Consumers with a minimum contracted demand or sanctioned load of 100 kW can access Green Energy Open Access, according to the Meghalaya State Electricity Regulatory...

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AMPIN Energy Secures $35 Million from responsAbility to Fund Expansion Plans

Independent power producer AMPIN Energy Transition has secured funding of up to $35 million from responsAbility, an investor focusing on private markets, to help AMPIN...

May 7, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Brookfield to Set Up 10.5 GW Renewable Projects for Microsoft as AI Drives Demand

Canada-based Brookfield Asset Management, along with Brookfield Renewable Partners, has signed a global framework agreement with tech giant Microsoft to develop over 10....

May 6, 2024

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Staff

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Renewable Energy
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Adani Green’s Q4 Net Profits Up by 21% as CUF from New Projects Surge

Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹28.06 billion (~$336.29 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24,...

May 3, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy

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Solar

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Wind
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Green Energy Trade at IEX Up by 44% in April, REC Prices Plummet by 80%

The Indian Energy Exchange (IEX) traded 402 million units (MU) of green energy in April 2024, a 44% year-over-year (YoY) increase from 280 MU. The Exchange, in total,...

May 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Indian Oil to Set Up Subsidiary to Deploy 1 GW Renewable Energy Projects

Indian Oil Corporation (IOCL) has decided to form a wholly-owned subsidiary to undertake low-carbon, clean, and green energy businesses with an equity investment of ₹13....

May 3, 2024

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Staff

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Renewable Energy
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Month in a Minute: Top Headlines from Indian Renewable Sector in April 2024

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

May 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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EU Awards $772 Million to Green Hydrogen Projects in Pilot Auction

The European Commission has awarded approximately €720 million (~$772 million) to seven green hydrogen projects across Europe through the first competitive auction under...

May 3, 2024

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Staff

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Renewable Energy

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