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Energy Transition

Vestas Ventures Invests in Wood Technology Startup Modvion

Vestas Ventures invests in wood technology start-up Modvion, to create sustainable products and low-carbon value chain Vestas, the global leader in sustainable energy solutions, has invested in Swedish wood technology company Modvion, in a move towards creating fully sustainable products and solutions, and reducing carbon emissions from our value chain. The investment sees Vestas becoming […]

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Canadian Solar Closes Japan Green Infrastructure Fund at $208 Mn

Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund securing USD 208 million of committed capital Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions (Macquarie), the advisory and capital markets arm of the Macquarie Group. Macquarie […]

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ISA’s Special Assembly Elects Dr. Ajay Mathur As New Director General

The International Solar Alliance (ISA) has announced Dr. Ajay Mathur as its new Director General following his election at the first special assembly, which was held virtually. A confederacy of 73 member countries, ISA was established in late 2015 to facilitate the demand for and use of safe, sustainable, and affordable solar energy for all. […]

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Global Capital Pool Mobilising to Invest in Renewable Projects in India: IEEFA

A new IEEFA report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. A new report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. According to the Institute for Energy Economics and […]

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WSDS 2021 Closes With Promise to Achieve a Common Goal of Green Growth

“We all share one precious life giving, but fragile, planet and each of us has a stake in its future. Only through ambitious net-zero commitments and strong international collaboration can we bring the benefits of clean growth and resilient economies to everyone around the world”, said Alok Sharma MP, COP26 President-Designate, while speaking at the […]

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Latest UK Seabed Leasing Risks Raising Costs of Offshore Wind: WindEurope

On February 8, 2021, the Crown Estate announced the results of its Round 4 seabed leasing for offshore wind in the UK. The Offshore Wind Lease Round 4 allocated areas for developing nearly 8 GW of capacity. This is too little new capacity considering the huge ambitions the UK Government has to quadruple its offshore […]

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Budget 2021 Reactions. Industry Welcomes Broad Direction, Hopes For Specifics

The Union Budget 2021, for all its usual detractors, has been welcomed in more ways than one. While the stock markets seem to have welcomed the bold moves to junk fiscal limitations and go for high spending to revive the economy, the industry has welcomed it for more reasons. One couldn’t help but notice during […]

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Statkraft and Aker Offshore Wind explore project opportunities in Norway

Statkraft, Europe’s largest renewable energy producer, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind project opportunities in Norway. The companies will combine their strong, complementary skills and expertise to work together to explore the possibility to develop, operate and deliver power from commercial-scale offshore wind facilities in Norway. Last year, the Norwegian government announced it will open for applications for licenses for the development of wind power in […]

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