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energy investments

Battery Smart FY22 Revenues at Rs 7.95 Crore, Stations Cross 500 Mark

Backed by some strong investor backing, three year old EV battery swapping solution provider Battery Smart finally hit its straps in the last financial year. Battery Smart’s revenue from operations jumped to Rs 7.95 crore during the fiscal year ending March 2022 from Rs 18 lakh in FY21, as per the consolidated annual financial statement […]

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“Penetration In MSME Low, Market Untapped for Solar Rooftop Plant Developers,” Vikas Agarwal, Credit Fair

With a transition in power consumption patterns worldwide due to climate change and the limitation of fossil fuels, the importance of green sources such as solar energy has increased significantly in the past few years. However, the initial installation cost often is a significant limitation for the widespread adoption of solar technology in residential and […]

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With An Aim Of 40% Domestic Sourcing By 2030, European Commission Announces Net Zero Industry Act

Following the Inflation Reduction Act in the US, India’s own PLI schemes and the Basic Customs Duty on Solar Imports, the European Commission is set to erect some protectionist fences at its borders too. Under the  European Commission’s (EC) proposed Net Zero Industry Act, which seeks to accelerate the decarbonisation of the energy sector in […]

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Ørsted Acquires 160 MW Irish Solar Project ‘Garrenleen’

Ørsted has announced the acquisition of 160-MW capacity Irish solar project Garrenleen from RE conglomerate Terra Solar. It’s the second solar project of Ørsted in Ireland and will be able to power up to 56,000 households annually. This is also expected to be one of the largest solar farms in the country. Subject to Ørsted’s […]

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Vestas Secures 373 MW Supply Order for South Africa Wind Projects

Danish wind turbine manufacturer Vestas has secured a massive 373 MW supply order from independent power producer Red Rocket for the Brandvalley, Rietkloof and Wolf wind parks. Vestas has said that the wind energy projects will be located in Western Cape and Eastern Cape, South Africa. The contract includes the supply and installation of 64 […]

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MNRE Looks to Develop Pipavav, Tuticorin Ports for Offshore Wind

The Ministry of New and Renewable Energy (MNRE) will soon share a proposal with the Ministry of Shipping. The proposal will look at the development of the ports in Gujarat (Pipavav) and Tamil Nadu (Tuticorin). The aim will be to handle offshore wind project cargo. Under the ambit of MNRE, The National Institute of Wind […]

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Utility Scale Solar Takes Biggest Hit in 2022 In US as 20.2 GW Fresh Capacity Added

A report from the developer led industry body Solar Energy Industries Association and WoodMac says that the United States added 20.2 gigawatts (GW) of new solar capacity in 2022, a 16% decrease from 2021. This was due in large part to an investigation into new anti-circumvention tariffs by the U.S. Department of Commerce, as well […]

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Silfab Solar Raises $125 Million to Build Third US Cell Factory

North American PV module manufacturer Silfab Solar has announced a second investment round led by ARC Financial Corporation to help fund the next expansion of Silfab Solar, whose third facility is to open in the United States of America. This will include domestic PV cell and module production. The $125 million investment from energy-focused private […]

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ACWA Power to Build 2.6 GW of Solar and Storage Facilities in Uzbekistan

Saudi Arabia flagship company for renewable energy ACWA Power has announced that it has signed agreements under which it will be developing two solar parks and also storage capacities in Uzbekistan. ACWA Power held that the combined capacity of the solar power projects will be about 1.4 GW. The company will also include battery storage […]

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