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Enpal Raises €345 M for New Solar Projects in Germany

To accelerate the development of solar energy in Germany, solar solutions provider Enpal has secured debt commitments of €275 million from internationally leading investors BlackRock, Pricoa Private Capital (the private capital business of PGIM), and UniCredit in its recent round of fundraising. In addition, further institutional commitments of €70 million were signed in the form […]

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Solar Hybrid Systems Firm Zola Electric Raises $90 million

ZOLA Electric, the Amsterdam, Netherlands-based renewable energy technology company solving Energy Access and Energy Equality in emerging markets, has announced the successful completion of a $90 million capital raise, comprised of $45 million of equity, $45 million of debt. The firm has a strong footprint in Africa for now, with its ZOLA flex plug-and-play, connected, […]

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Sterling & Wilson Commissions 66 MWp Solar Energy Project in Jordan

Sterling and Wilson Solar Limited, a leading solar EPC and O&M solutions provider, has commissioned a 66 MWp Al Husainiyah solar power plant in Jordan. The project, located on an area of 1.3 sq. km in Ma’an Governorate, 200 km south of Amman, was executed with more than 850,000 safe manhours during the pandemic, by […]

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AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition

The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]

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Sungrow Reports $1.26 Billion Revenue in H1 FY21

Inverter solutions supplier Sungrow has released its semi-annual report, reporting a net income of 757 million yuan (about 116.42 million US dollars), with a year-over-year increase of 69.68%, in H1 FY21. The company’s revenue was 8.21 billion yuan (1.26 billion US dollars) during this period, with a year-over-year increase of 18.27%. The highlights of H1 FY21 […]

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Ecozen Makes it to Cleantech’s ’50 to Watch List’ for Climate Innovation

Ecozen Solutions, a Pune-based startup has been recognised by the Cleantech Group 50 to Watch List — the third annual list of top early-stage private companies, delivering innovative solutions on the climate crisis. The international body which is headquartered in San Francisco, Cleantech revealed the list yesterday, giving commendation for those entrepreneurs who have created […]

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Battery Maker EnerVenue Raises $100 M in Series A Funding

US-based EnerVenue has raised $100 million in Series A funding, which was led by Schlumberger New Energy and accompanied by Saudi Aramco Energy Ventures (SAEV, the corporate venture capital program of Aramco Ventures) and others. Additionally, EnerVenue announced the framework for a major distribution and manufacturing agreement with Schlumberger New Energy to significantly expand global […]

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International RECs: A reliable way to go 100% Renewable

Introduction: Sustainability Goals and Commitments The Race to Zero campaign was launched by the UNFCCC’s Climate Ambition Alliance with a goal of achieving net zero carbon emissions by 2050. As of February 2021, 1,397 businesses have pledged to join the Race to Zero campaign and achieve net zero carbon emissions by 2050. These include the […]

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Turkey Reaches 10 GW Wind Energy Milestone: WindEurope

Turkey reached 10 GW of wind energy installations, a significant achievement for the country, according to WindEurope. It means that Turkey managed to increase its wind energy capacity tenfold over the last 10 years. Over that period, Turkey has seen considerable diversification of its energy mix, in particular through the expansion of renewable generation capacity. […]

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