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clean energy investment

Lohum Plans Integrated Li-Ion Unit f 3 GWh/3000 MWh At Gr. Noida Facility

LOHUM, positioned as the world’s leading integrated lithium-ion battery player, has announced that it will set-up 3GWh capacity single-location integrated Li-ion battery manufacturing and recycling factory in Greater Noida, Uttar Pradesh within the next 18 months. The integrated factory will have the battery manufacturing capacity of 1 GWh/ 1,000 MWh and 2GWh/ 2,000 MWh of […]

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John Cockerill to Supply Thermal Receivers to Redstone CSP Plant in SA

John Cockerill, a Belgium-based engineering company, has revealed that it will supply molten salt solar thermal receivers to Redstone’s 100 MW Concentrated Solar Power Plant (CSP) in the Northern Cape Province of South Africa. Developed by Saudi Arabia-based ACWA Power and constructed by EPC SepcoIII, the Redstone CSP plant is expected to supply 2,00,000 households […]

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Global Electricity Demand Growing Faster than Renewables: IEA Report

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report from the International Energy Agency. After falling […]

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Sunseap, BP Batam Partner to Build 2.2 GWp Floating PV in Indonesia

Singapore-based solar developer Sunseap Group has signed a Memorandum of Understanding (MoU) with Badan Pengusahaan Batam (BP Batam) for the building of a floating photovoltaic system (FPV) and energy storage system (ESS) on a reservoir in Indonesia’s Batam Island for an estimated cost of US$2 billion. Under the MoU, Sunseap will develop a FPV and […]

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India Planning Bids for 4 GWh of Grid-Scale Battery Storage System

In an attempt to make the country’s electricity green, the Indian government is planning to invite bids for setting up around 4 GWh (4000 MWh) of grid-scale battery storage system at regional load dispatch centres (RLDCs), according to an announcement made by the Minister of Power and New and Renewable Energy, Raj Kumar Singh. The Union […]

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bp & EnBW make £10 bn Joint Bid for Scottish Offshore Wind Projects

Oil giant bp and Germany-based EnBW have submitted a joint bid, representing a a potential £10 billion investment, for Scottish offshore wind acreage which could support wind projects with 2.9 GW of capacity. The companies have applied for a lease area off the east coast of Scotland for the development of the project. But the bid seeks […]

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Siemens to Build 100 MW Battery Storage Facility in Germany

Technology company Siemens Smart Infrastructure has signed a letter of intent with Zukunftsenergie Nordostbayern GmbH  for the turnkey construction of a 100 MW battery storage facility in Wunsiedel, Germany. The plant, with a storage capacity of 200 megawatt hours, is intended to use surplus renewable energy and cover demand peaks in the power grid. The 5,000 square […]

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Stagnation in RE Subsidies, Financial Support Needed: IISD-CEEW Report

India’s quest to achieve its goals for “Aatmanirbhar Bharat” and a clean energy transition, part of the economic recovery from COVID-19, is missing a key ingredient: adequate financial support for renewable energy. This is the conclusion reached upon by a new report released by the International Institute for Sustainable Development (IISD) and the Council on […]

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