SJVN to Develop 2 GW of Solar and 1 GW of Hydroelectric Projects in Odisha

SJVN to Develop 2 GW of Solar and 1 GW of Hydroelectric Projects in Odisha

SJVN Green Energy, a wholly owned subsidiary of SJVN, has signed a memorandum of understanding (MoU) with Grid Corporation of Odisha (GRIDCO) to develop 1 GW of hydroelectric projects and ...
Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo

Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo

Mumbai-based multinational conglomerate Larsen & Toubro (L&T) said it has closed a three-year $107 million sustainability-linked loan (SLL) from Sumitomo Mitsui Banking Corporation (SMBC). The company said the loan underscores ...
AMEA Power to Invest $1.1 Billion in Egypt for 1 GW Wind and Solar Projects

AMEA Power to Invest $1.1 Billion in Egypt for 1 GW Wind and Solar Projects

Dubai-based renewable energy company AMEA Power will invest $1.1 billion in Egypt to develop wind and solar energy capacities of 500 MW each. The investment will take the company’s cumulative ...
US to Help Underserved Communities with $550 Million Clean Energy Fund

US to Help Underserved Communities with $550 Million Clean Energy Fund

The U.S. Department of Energy (DOE) has launched the Energy Efficiency and Conservation Block Grant (EECBG) program, which provides $550 million in renewable energy funding for 2,700 diverse communities in ...
/ / Other, Renewable Energy
Researchers Claim Water Treatment Raises Organic Solar Cell Efficiency

Researchers Claim Water Treatment Raises Organic Solar Cell Efficiency

A team of researchers from the Gwangju Institute of Science and Technology (GIST), South Korea has claimed that using a certain amount of deionized (DI) water prevents the aggregation of ...
/ / Solar, Technology
EU to Speed Up Permissions and Deployment of Renewable Projects

EU to Speed Up Permissions and Deployment of Renewable Projects

The European Union energy ministers have agreed on a temporary framework, valid for 18 months, to accelerate the permit-granting process and the deployment of renewable energy projects. The European Council ...
/ / Other, Renewable Energy
Transitioning to Green Energy Can Result in Significant Carbon Emissions: Study

Study Says Faster Renewable Adoption Can Cut Emissions by Half

A new study by Columbia University reveals that building the infrastructure for cleaner energy generation will by itself create carbon emissions. A huge chunk of the energy required for the ...
/ / Other, Renewable Energy
Transition VC Launches ₹4 Billion Fund to Support Cleantech Startups

Transition VC Launches ₹4 Billion Fund to Support Cleantech Startups

India's first energy transition-focused venture capital firm, Transition VC,  has launched a fund with a target corpus of ₹4 billion ($48.9 million), which includes a greenshoe option of ₹2 billion ...
/ / Finance and M&A, Other
Punjab to Install 300 MW of Canal Top and Floating Solar Projects

Punjab to Install 300 MW of Canal Top and Floating Solar Projects

The Punjab government said it will install 300 MW of solar power capacity which will be split into  200 MW of canal top and 100 MW of floating solar projects ...
/ / Floating Solar, Solar
India to Invest ₹2.8 Trillion in Transmission Network to Evacuate Renewable Energy

India to Invest ₹2.8 Trillion in Transmission Network to Evacuate Renewable Energy

India plans to invest ₹2.8 trillion ($34.2 billion) by 2030 in setting up an interstate transmission network (ISTS) to evacuate renewable energy, said K Sreekant, Chairman and Managing Director of ...
/ / Other, Renewable Energy
Over 10 Million Electric Vehicles Likely to be Sold Globally in 2022, up 60% YoY: BNEF

Over 10 Million Electric Vehicles Likely to be Sold Globally in 2022, up 60% YoY: BNEF

As the adoption of zero-emission vehicles (ZEV) accelerated this year across markets and vehicles, it is estimated that 60% more electric passenger vehicles, totaling 10.6 million, will be sold globally ...
/ / Other, Renewable Energy
India Aims to Raise Green Energy Use of Vital Ports to 60% from 10% Now

India to Boost Green Energy Use in Major Ports to 60% from the Current 10%

The newly launched National Center of Excellence for Green Port and Shipping (NCoEGPS) will help vital ports in the country source as much as 60% of their energy demand from ...
/ / Other, Renewable Energy
Researchers Claim Perovskite Tandem Solar Cell Shows 27.4% Efficiency

Researchers Claim Perovskite Tandem Solar Cell Shows 27.4% Efficiency

A team of researchers from Northwestern University, the University of Toronto, and the University of Toledo claim to have developed an all-perovskite tandem solar cell with a conversion efficiency of ...
/ / Solar, Technology
EU, Partner Countries Mobilize $20 Billion to Help Indonesia’s Clean Energy Transition

EU, Partner Countries Mobilize $20 Billion to Help Indonesia’s Clean Energy Transition

The European Commission and international partners launched a Just Energy Transition Partnership (JETP) with Indonesia, under which they will help deploy $20 billion for the country to move away from ...
/ / Other, Renewable Energy
First Solar to Build its Fourth Manufacturing Facility Worth $1 Billion in the US

First Solar to Build its Fourth Manufacturing Facility in the US Investing Over $1 Billion

U.S.-based solar module manufacturer First Solar announced it has selected Lawrence County, Alabama, to build its fourth solar photovoltaic module manufacturing facility in the U.S. The facility is expected to ...
/ / Other, Renewable Energy
Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Solar tracker maker Soltec Power Holdings swung to a net profit of €14.5 million ($15.1 million) in the third quarter (Q3) of FY 2022, against a loss of €0.1 million ...
/ / Finance and M&A, Solar
Solar Glass Manufacturer Borosil Renewables’ Profit Dips by 29% YoY in Q2 FY23

Solar Glass Manufacturer Borosil Renewables’ Profit Dips by 29% YoY in Q2 FY23

Borosil Renewables, an India-based solar-glass manufacturer, recorded a profit after tax of ₹241.89 million ($2.97 million) for the second quarter (Q2) of the financial year (FY) 2023, a YoY decrease ...
/ / Finance and M&A, Solar
Shoals Technologies’ Q3 Net Income Soars 142%

Shoals Technologies’ Q3 Net Income Soars 142%

Manufacturer of the solar balance of system (BOS) components Shoals Technologies Group recorded a net income of $12.9 million in the third quarter (Q3) of FY 2022, a 142% jump ...
/ / Finance and M&A, Solar
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
/ / Finance and M&A, Wind
Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Singapore-based renewable energy company Sembcorp’s wholly-owned subsidiary Sembcorp Green Infra Limited has entered into an agreement with India Infrastructure Fund II, managed by Global Infrastructure Partners, to acquire 100% of ...
/ / Renewable Energy, Solar, Wind
Atlantica’s Renewables Business Revenue Dips 8.54% YoY in Q3 2022

Atlantica’s Renewables Business Revenue Dips 8.54% YoY in Q3 2022

UK-headquartered Atlantica Sustainable Infrastructure’s renewable business recorded a revenue of $232.42 million in the third quarter (Q3) of 2022, a year-over-year (YoY) dip of 8.54% from $254.13 million. The renewables ...
/ / Other, Renewable Energy
IRENA Urges Global Leaders to Bridge Renewable Energy Deployment Gap

IRENA Urges Global Leaders to Bridge Renewable Energy Deployment Gap

The collective effort to switch to renewables and make the energy transition is not enough despite the Glasglow Climate Pact, finds a new report by the International Renewable Energy Agency ...
/ / Other, Renewable Energy
Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

Plug Power, a U.S.-based developer of hydrogen fuel cell (HFC) turnkey solutions, recorded a net loss of $170.76 million in the third quarter (Q3) of 2022, a year-on-year (YoY) increase ...
/ / Other, Renewable Energy
Daily-News Wrap-Up Iberdrola Announces €47 Billion For Energy Transition

Daily-News Wrap-Up: Iberdrola Announces €47 Billion For Energy Transition

Here are some noteworthy cleantech announcements of the day from around the world: Spain-based electric utility company Iberdrola announced a record investment plan of €47 billion ($47.2 billion) for energy ...
/ / Other, Renewable Energy
Daily-News Wrap-Up: Power Ministry Amends Charging Infrastructure Guidelines for EVs

Daily-News Wrap-Up: Power Ministry Amends Charging Infrastructure Guidelines for EVs

Here are some noteworthy cleantech announcements of the day from around the world: The Power Ministry has issued amendments to Charging Infrastructure for Electric Vehicles revised consolidated guidelines and standards ...