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Sterlite Power Drops 14.7% Stake in IndiGrid for Rs 840 Crore

Sterlite Power has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and HNI investors. Sterlite Power, a leading global power transmission player, has announced that it has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore (unit price of Rs 98) to […]

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Wind and Solar Met 9.8% of Global Electricity Production in H1 2020: Report

In H1 2020, wind and solar generation rose 14 percent compared to H1-2019, generating 9.8 percent or nearly one-tenth of global electricity. A new report has put the spotlight on how fast wind and solar energy have expanded over the last few years to become major sources of electricity generation in most countries around the […]

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Brookfield Renewable to Issue Green Bonds Worth $318.75 Mn

Brookfield Renewable Partners has agreed to issue USD 318.75 million aggregate principal amount of medium-term notes (green bonds). Brookfield Renewable Partners has announced that it has agreed to issue CDN$ 425 million (USD 318.75 million) aggregate principal amount of medium-term notes (green bonds), Series 14, due August 13, 2050, which will bear interest at a […]

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Vestas Reports 67% Increase in Revenue for Q2 2020

Vestas has issued its financial report for Q2 2020, reporting revenue of EUR 3,541 million – an increase of 67% compared to the year-earlier period. Global wind energy major Vestas has issued its interim financial report for the second quarter (Q2) of the financial year 2020. The firm has shown a strong performance in spite […]

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SECI Extends Deadline for 15 MW Floating Solar Tender in Himachal

SECI has extended the bid submission deadline for its tender for setting up of 15 MW grid-connected floating solar PV power plant in Himachal Pradesh. The Solar Energy Corporation of India (SECI) in its latest notification has announced that it has extended the bid submission deadline for its tender for the selection of solar power […]

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AES Invests in 5B; Aims to Accelerate Transition to Solar Energy

The AES Corporation has made a strategic investment of around USD 8.6 million in 5B, a solar technology innovator based in Sydney, Australia. The AES Corporation has announced that it has made a strategic investment of around USD 8.6 million in 5B, a solar technology innovator based in Sydney, Australia. 5B’s revolutionary MAVERICK design enables customers to […]

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Duke Energy Brings Online Another 200 MW Solar Plant in Texas

Duke Energy Renewables has announced that its 200 MW ac Rambler Solar project in Tom Green County, Texas, has begun commercial operation. Duke Energy Renewables, a subsidiary of Duke Energy, has announced that its 200-megawatt alternating current (MW ac) Rambler Solar project in Tom Green County, Texas, has begun commercial operation. The Rambler Solar project is the […]

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Vestas Secures Turbine Orders Worth 191 MW in Vietnam and Japan

Vestas has announced that it has secured three turbine orders worth a combined 191 MW capacity for three projects in Vietnam and Japan. The leading wind turbine manufacturer and supplier in the world – Vestas has announced that it has won three orders worth a combined 191 MW for projects in Vietnam and Japan. The […]

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Solar Installations in Q1 2020 Slowed Down in India, China and US: Report

According to a new report, Q1 of 2020 has been a particularly lousy installation period for solar panels with just 15.8 GW getting installed. According to a new report, quarter 1 (Q1) of 2020 has been a particularly lousy installation period for solar panels with only one quarter in the past 9, being lower with […]

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