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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Scatec’s Q1 Net Loss Narrows by 73%, Contribution from New Projects Increase

Norway-based independent power producer Scatec reported a net loss of NOK 26 million (~$2.3 million) during the first quarter (Q1) of 2024, marking an improvement of 73%...

May 2, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Avaada Secures ₹11.9 Billion Green Financing for 400 MW Solar Project

Avaada Energy, the renewable energy division of Avaada Group, has secured green financing of ₹11.9  billion (~$143 million) from the State Bank of India (SBI), a public...

May 2, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Global Renewable Energy Capacity to Reach 7.3 TW by 2028: IEA

Under current policies and market conditions, the global renewable capacity is projected to hit 7,300 GW by 2028. However, this trajectory falls short of the goal to...

May 2, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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EU Approves Net-Zero Industry Act to Boost Local Clean Technology Production

The European Parliament has approved the Net-Zero Industry Act to enhance net-zero technology production within the European Union. The Act targets Europe to produce 40%...

May 2, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Indian Oil Floats Consultancy Tender for Renewable Projects Across India

Indian Oil Corporation (IOCL) has invited bids from technical consultants for project management consultancy services to set up renewable energy projects at various...

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AdaniConneX Raises $1.44 Billion in Green Financing for Data Centers

AdaniConneX, a data center solutions provider and a joint venture between Adani Enterprises and EdgeConneX, has established sustainability-linked financing to raise $1....

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