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EBRD Loans $200 Million to Turkish Renewable Energy Developer

The European Bank for Reconstruction and Development (EBRD) is providing a loan of $200 million to Turkey’s Borusan EnBW Enerji Yatirimlari ve Uretim to help the firm strengthen its financial position and invest in renewable energy sector with gender inclusion. The funds are being provided by EBRD under a syndicated structure with the Netherlands Entrepreneurial […]

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UK Renewable Energy Developer Field Sets Sights on Multi-Gigawatt Battery Projects in Italy

UK-based renewable energy developer Field has set sights on expanding operations into Italy. The firm is mulling over the development of a multi-gigawatt portfolio of battery storage projects across Italy. Field is looking at the acceleration of the deployment of large-scale battery storage projects in the country. The firm will look into the operation of […]

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Lithuanian firm AEI Raises EUR 92 Million For Renewable Energy Investments

Lithuania based investment company Atsinaujinančios Energetikos Investicijos (AEI) has announced that it has raised EUR 92 million in past two years and the investments will be made in the renewable energy sector. AEI is managed by Lords LB Asset Management. The company has made investments in the development of solar power plants in Poland and […]

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LGIM, NTR Raise €390 Million for Renewables Expansion in Europe

UK-based asset manager Legal & General Investment Management (LGIM) and renewable energy player NTR have raised EUR 390 million in committed capital and co-investment opportunity in the first close of the L&G NTR Clean Power Fund. This Fund would invest in clean power infrastructure assets across wind, solar and energy storage. The Fund is designed […]

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BPCL Targets 240 MW Renewables Expansion This Fiscal

Public sector fuel marketing major Bharat Petroleum Corporation (BPCL) is mulling for the development of 240-MW of renewable power capacity this fiscal year of 2023-24. A senior official of BPCL held that the renewable expansion of the firm will be achieved at the cost of Rs 1600 crore. BPCL was in line for divestment by […]

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Akshay Hiranandani Takes Over the Reins of Serentica Renewables as CEO

A decarbonisation platform that looks to accelerate the energy transition for energy-intensive industries, Serentica Renewables has announced the appointment of Akshay Hiranandani as the Chief Executive Officer. In this role, Hiranandani will work closely with Pratik Agarwal, Director, Serentica Renewables. Commenting on the appointment, Pratik Agarwal, Director, Serentica Renewables, said, “We are elated to have […]

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Climate Trends Report Identifies Challenges For Renewable Energy In Jharkhand

A recent report by Climate Trends and Ernst and Young LLP released on Tuesday hinted at numerous bottlenecks that the renewable energy sector in Jharkhand is grappling with. It comes when the state has already started planning the energy transition from a coal-dominated region to a less carbon economy.  The report said that secondary data hinted that […]

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Adani Green Reports 49% Increase In Renewable Energy Capacity In FY23

Adani Green Energy Limited (AGEL), the renewable energy arm of the Adani Group, on Friday, reported a 49 percent addition to its total renewable energy capacity in the fiscal year 2023. As a result, the total capacity of AGEL-owned renewable energy touched 8,086 Megawatt (MW) with the recorded rise. In its latest provisional annual consolidated […]

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RERC Asks Rajasthan Govt To Appoint RVUNL As Nodal Agency For Renewable Projects 

The Rajasthan Electricity Regulatory Commission (RERC), in a suo-motu order, advised the Rajasthan government to consider declaring the Rajasthan Vidyut Utpadan Nigam (RVUNL) as the nodal agency for the development of renewable energy projects implemented by the RVUNL in the State.  RVUNL is developing an 810-megawatt (MW) solar power project at Pugal in the Bikaner […]

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