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energy investments

ReNew Power Will Invest $8 Billion In Green Hydrogen in Egypt

Gurugram based ReNew Power has signed a Memorandum of Understanding (MoU) with the Egyptian government for the development of projects in Egypt for the production of green fuels. The General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy […]

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First Solar To Supply 2.4 GW Solar Modules To Intersect Power

US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026. According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA […]

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TotalEnergies Reveals Q2 Results; Company Records Jump In Profits

Global renewable energy player, TotalEnergies has announced its financial results of the second quarter of 2022. It has said that the EBITDA from the renewables and electricity business of the company has grown to $462 million in the second quarter. TotalEnergies says that this is 49 per cent more as compared to the corresponding quarter […]

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Solar Trackers: Poised To Boom With Solar Once Again

Solar trackers are usually paired with ground mount solar systems in order to increase energy output of the solar panel. Recently, rooftop-mounted trackers have also emerged in the market. So, what is a solar tracker? How is it instrumental in boosting energy output of solar panels? In the simplest of terms, a solar tracker is […]

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USA To Give $56 Million For Solar Manufacturing & Recycling

The U.S. Department of Energy (DoE) will be funding new initiatives with $56 million which includes $10 million from President Biden’s Bipartisan Infrastructure Law, to spur innovation in solar manufacturing and recycling in the country. The government said that the funding will help make clean energy more affordable and reliable. Also, developing more solar power […]

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4 Years On, GoodWe Basks In The Success Of Cochin Airports Solar Project

Cochin International Airport Ltd (CIAL) is the world’s first fully solar-powered airport. The eco-friendly initiative of CIAL has won international accolades including “The Champions of the Earth Award-2018” from the United Nations. CIAL claims that it is known for its commitment to the idea of sustainable development which prompts the effective utilization of green energy […]

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Kerala State Commission Turns Down KSEB Petition For Gross Metering, Net Billing

In an important order last week, the Kerala Electricity Regulatory Commission (KSERC) has turned down the plea of the state discom, Kerala State Electricity Board Ltd (KSEB) for modification of the net metering rules as applicable in the state to  gross metering and a net billing regime. KSEB had also made a plea for the […]

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Samsung SDI Pumps In $1.3 Billion For Cylindrical Battery Facility In Malaysia

Global conglomerate Samsung SDI has announced that it will invest $1.3 billion in setting up of cylindrical battery lines in Malaysia by the end of this decade to realize its ambition to become a global top tier company. A novel ceremony was held for the construction of a second battery production unit in Seremban, Malaysia. […]

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