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energy investments

US Plans $65Bn Investment In Offshore Wind, But Faces Constraints

The American Clean Power Association (ACP) released the 2024 Offshore Wind Market Report, which projected the clean power industry to invest $65 billion in offshore wind projects by 2030. This can support 56,000 jobs in the United States. There are currently 12 gigawatts (GW) of projects with active offtake agreements, including 4 GW under active […]

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Smart Grid Technologies Accounts For Just 0.2% Of Registered Patents Worldwide, Says IEA

The International Energy Agency (IEA) recently released a report on global patent data for smart grid technology spanning from 2000 to 2023 revealing approximately 16,000 Intellectual Property Families (IPFs) registered worldwide in this domain. This constitutes 0.2% of total IPFs across all technologies. IEA report found that smart grid technologies account for about 5% of […]

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DVC’s Investment Plan To 2030 Focus More On Solar, Pumped Storage

Kolkata based Damodar Valley Corporation (DVC) on Friday announced that it plans to invest Rs 20,000 crore by 2030 to install nearly 4,000 MW of solar capacity. DVC currently is a primarily thermal power firm, with 6540 MW of its existing installed generation capacity of 6,700 MW thermal. the corporation and its plans can have […]

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Schneider Electric Gets $3.75M For Electric Stove Outreach

Schneider Electric Energy Access Asia (SEEAA), an impact fund managed by Schneider Electric, an energy management and automation company, along with Spark+ Africa Fund closes US$3.75M Series A in ATEC to support global expansion across Asian and African markets for its market-leading IoT electric stoves. Other institutional investors in the round include DRW, Save the Children […]

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Suzlon Appoints Gurpratap Boparai As Its New CEO (Manufacturing)

Indian Wind Energy Company Suzlon Group has appointed Gurpratap Boparai as its new Chief Executive Officer (CEO)-Manufacturing Bussiness. The wind turbine generator manufacturer submitted the details of his joining before the BSE its filings.  Boparai joined the Pune-based company from July 1. Suzlon said that the newly inducted CEO (manufacturing) has expertise in market launches, […]

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SolarAfrica Begins Work For 1 GW Project On SunCentral Solar Farm

SolarAfrica, an Independent Power Producer, providing financial and technical solutions in energy recently began construction on the Rand 5 billion development project. This marks the beginning of Phase 1 of the IPP’s flagship utility-scale project. It also marks some serious progress on South Africa’s challenge to add more renewable energy to a struggling grid.  The […]

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India’s Data Centre Boom Opens Up A Fresh Segment For Green Developers

By-Tej Prakash Bharadwaj & Manish Kumar   Notwithstanding the sluggish growth of data centres in India in the early 2000s, the advent and popularity of AI means that the data center sector in India is now set for a significant expansion matching its status as a regional power.  With a total capacity of around 1,000 Megawatt […]

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e-Zinc Secures USD $31M in Series A2 Funding to Advance Commercialization

e-Zinc, the Toronto-based company enabling sustainable, long-duration energy storage with its zinc-air battery, has announced it has raised an additional USD $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. e-Zinc’s […]

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Govt VGF Scheme Can Support 36% Of Offshore Project Cost, Says CRISIL

The Union Cabinet approval of the viability gap funding (VGF) scheme, with a total allocation of Rs 7,453 crore, is a boost for the offshore wind energy segment. It could trigger investments into a space developers have shied away from due to high cost, operational challenges, and offtake-related risks, according to CRISIL. This is a […]

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