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Reliance Acquires REC Group in $771 Million Buy Out

In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […]

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GE to Supply 810MW Turbines for JSW’s Wind Farms in Tamil Nadu

GE Renewable Energy has received an order from Indian power company JSW Energy to supply 810 MW of onshore wind turbines for their upcoming wind farms in Tamil Nadu. The turbines will produce enough green energy to meet the annual electricity requirements of more than 2.1 million households in the country, said GE. JSW Energy […]

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Fortescue Metals Acquires 60% Stake in RE Firm HyET

Fortescue Metals’s green energy unit has bought a 60% stake in Dutch-based renewable firm High yield Energy Technologies (HyET) Group in a bid to cut costs and boost green energy production. “HyET Hydrogen’s technology will support FFI in reducing costs in other areas of the green hydrogen supply chain,” said Julie Shuttleworth, chief executive officer […]

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6 Myths Blown Away By India’s Power Crisis

The power crisis in India has received enough coverage in the media, with focus now on the barely 3 days coal supplies with a significant segment (Over 40%) of the country’s thermal fleet of power stations. While the use of the word energy transition is designed to soothe nerves and allow the huge changes underway […]

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SUSI Partners to Fund Canopy Power’s Renewable Microgrids

Swiss fund manager SUSI Partners, through its Asia Energy Transition Fund (SAETF), has joined forces with Singapore-based microgrid technology provider Canopy Power to bring clean power solutions to off-grid locations across Southeast Asia. It is SUSI’s second investment in Southeast Asia following the creation of a joint venture with Malaysian company InvestEnergy which is dedicated […]

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Total Eren, Inaccess Ink Solar Monitoring Agreement

London-based Inaccess has signed a global framework contract with Paris-based Total Eren for the support and maintenance of unity monitoring, SCADA (supervisory control and data acquisition) and PPC (power plant control) system for several Total Eren’s solar plants located in Argentina, Australia, Brazil, and Kazakhstan. The unity system optimizes the operation of modern renewable power portfolios […]

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Why Prices Skyrocketed at the Power Exchange: IEEFA

With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and dropped markedly as the […]

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Wary of China, Quad Nations To Focus on Solar Supply Chain

The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia’s Prime Minister Scott Morrison. The Quad nations, in their first in-person summit on Friday in Washington, agreed on a partnership to secure critical […]

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With Approval In From Indonesia, Sun Cable Expands Project By 20 GW

Sun Cable, promoted as the world’s largest single PV and battery storage project has expanded its project size further. The project, which seeks to build massive solar power plants in Australia along with storage capacity to supply to Singapore via undersea cables, has added 20 gigawatts for the solar component and 36-42GWh of battery storage. […]

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