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Li-ion Battery-Maker NorthVolt Aims to Build World’s Greenest Battery Cell

Northvolt is a Sweden-based startup which develops sustainable lithium-ion batteries in conjunction with R&D, industrialisation, and recycling to support clean energy. The Li-ion battery maker was founded in 2016, with a mission to build the greenest battery in the world. The firm provides electrification and renewable energy storage designed for lithium-ion battery plants to produce […]

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Financial Agreements Signed to Fund World’s Largest Green Hydrogen Project in Neom

Neom Green Hydrogen Company (NGHC) has signed multiple financial facility agreements with local, regional and international banks and financial institutions to support the construction of the world’s largest green hydrogen production plant in Neom, the sustainable city project in Saudi Arabia. The quantum of funds committed by the lenders with Saudi Industrial Development Fund (SIDF) […]

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EIP Raises EUR 1 Billion For Energy Transition Projects In Rich World

Energy Infrastructure Partners (EIP) has announced that it has raised €1 billion for the first close of its global energy transition infrastructure fund. The majority of the investment commitments come from the Swiss pension funds. Credit Suisse Investment Foundation contributed EUR 700 million of the total commitments. The funds are likely to be invested in […]

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Tesla Constructs Europe’s Biggest Battery Next to Dogger Bank Offshore Wind Project

 A Tesla battery developer has claimed to be the largest battery deployed in Europe so far by storage capacity. The battery has been turned on in northeast England, close to the grid connection point for the sizable Dogger Bank offshore wind farm- a joint venture between SSE Renewables, Equinor (40%) and Vårgrønn. The industry leader […]

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ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America

ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […]

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ACEN Completes World’s First ETM Transaction, Retiring Out Coal Plant

ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal […]

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Tree Energy Solutions, Fortescue Future Industries Team Up for World’s Largest Green Hydrogen Project

Fortescue Future Industries (FFI) and Tree Energy Solutions (TES) have agreed to develop the world’s largest green hydrogen integrated project to help Europe mitigate its current energy and climate crisis in order to bring green molecules to Europe. Green hydrogen is a zero-carbon fuel, that when used produces nothing but primarily water. It is a practical […]

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Boliden to Reduce Carbon Footprint of Dogger Bank Offshore Wind Farm

Swedish mining and smelting company Boliden has announced that the world’s largest offshore wind farm, Dogger Bank, has chosen to use low-carbon copper from Boliden in the high-voltage offshore export cable systems for the third phase of the project which is called ‘Dogger Bank C.’ Boliden said that by using Low-Carbon Copper, the CO2-footprint of […]

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Bangladesh’s IDCOL Raises €80 Million From Germany’s Bank For RE Program

Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has received a loan of €80 million ($81.4 million) from Germany’s KfW Development Bank to assist enterprises in installing solar plants and solar irrigation pumps. The KfW will sponsor the “Renewable Energy Programme II” project. The interest rate and other terms and conditions are currently being […]

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