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Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third...

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Oman Invites Bids to Develop 500 MW Ibri III Solar Project

Nama Power and Water Procurement (PWP), Oman’s national power and water procurement company, has issued a request for qualification to develop the 500 MW Ibri III solar...

January 17, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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KPI Green’s Net Profit Increases 64% YoY to ₹347 Million in Q2 FY24

Renewable energy solutions provider KPI Green Energy posted a net profit of ₹347.5 million (~$4.2 million) in the second quarter (Q2) of the financial year (FY) 2024, an...

November 6, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Scatec Posts a Profit of $38 Million in Q2 on Increased Project Development

Norway-based independent power producer Scatec reported a net profit of NOK402 million (~$38.07 million) in the second quarter (Q2) of 2023, a significant improvement...

August 21, 2023

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Satish Shetty

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Other

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Renewable Energy
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Lower Finance Costs Take ReNew’s Profit to ₹2.98 Billion Q1 FY24

Independent renewable power producer ReNew recorded a net profit of ₹2.98 billion (~$35.86 million) for the first quarter (Q1) of the financial year (FY) 2023-24, from a...

August 21, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments

Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come...

May 12, 2022

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Arjun Joshi

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Other

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Renewable Energy

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Uncategorized
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Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview

The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to...

November 9, 2021

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Harsh Shukla

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Grid

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Market & Policy
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KPI Global Commissions 7.76 MW of Solar Projects for Industrial Customers

KPI Global Infrastructure has commissioned a 7.76 MWdc solar project under the independent power producer (IPP) category for its industrial customers against their power...

August 2, 2021

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Rahul Nair

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Solar

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Utility Scale
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Daily News Wrap-Up: EBRD Loans ~$72.36 Million For Wind Farms in Poland

Here are some noteworthy cleantech announcements of the day from around the world: The European Bank for Reconstruction and Development (EBRD) has lent PLN275 million...

June 24, 2021

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Srinwanti Das

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Other

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Renewable Energy
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Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile

From: Mercom Capital Group Sonnedix, the global solar independent power producer, and Cox Energy América, a solar energy company, closed a $120 million financing from...

May 24, 2021

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Staff

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Finance and M&A

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Other
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Building Energy and Inspired Evolution Launch JV for Renewables in Africa and the Middle East

Building Energy, an Italian renewable company, in partnership with Inspired Evolution, has successfully closed the buy-out of its African and Middle East business and...

June 11, 2020

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Nithin Thomas

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Other

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Renewable Energy
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Karnataka Solar Policy Amended – Bid Security Amount for Group Captive Projects Raised

The Karnataka State Solar Policy 2014-21 has been amended for the third time and addresses three important points – the size limitation of private solar parks, the...

October 23, 2019

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Anjana Parikh

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Markets & Policy

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Solar
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Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business

Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company....

June 24, 2019

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Anjana Parikh

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Finance and M&A

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Solar
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Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle

In a filing to the Indian stock exchanges, Gujarat-based KPI Global Infrastructure (KPI Global) has announced the acquisition of KPIG Energia Private Limited, a...

June 10, 2019

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shaurya

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Markets & Policy

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Solar
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Egypt Set to Open its Renewable Energy Market to Private Producers

The government of Egypt is in the process of finalizing regulations about the production and sale of electricity from new private renewable power projects directly to...

May 15, 2019

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Soumik Dutta

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Other

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Renewable Energy

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