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energy investments

EU Leaning Towards Controversial Move To Label Gas, Nuclear ‘Green’

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The decision is widely blamed on the continent’s high dependence on gas, and a controversial decision by key member countries, especially the UK and […]

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US Firm MW Solar Secures CAD 50 M Invt Commitment to Go Public

US firm MW Solar has signed an agreement with GEM Global Yield, a Luxembourg-based private alternative investment group, to receive a share subscription facility of up to CAD 50 million for a 36-month term following a public listing. The share subscription facility will allow MW Solar to draw down funds by issuing shares of common […]

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“Lead-acid Batteries are here to stay”, Ahila Krishnamoorthy, Daramic

Despite the increasing build up around lithium-ion batteries, which are poised to become the next big thing in battery storage space, demand for lead-acid batteries continues to grow steadily, if not spectacularly. The 90 year old US firm Daramic is at the centre of this transition, with a big stake in the sector. With its […]

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MNRE Updates Wind Manufacturer’s RLMM List, 15 Players Make The Cut

The Ministry of New and Renewable Energy (MNRE) has released its revised list of Wind Turbine Models and Manufacturers approved for use within India. The fresh Revised list of Models and Manufacturers (RLMM) comprises exclusively onshore wind turbine models, with some interesting takeaways from the list. The list comprises 15 approved firms in all, a […]

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ITC Commissions First Offsite Solar Plant in Tamil Nadu

Kolkata-based conglomerate ITC Limited has commissioned its first offsite solar plant in Dindigul, Tamil Nadu. The 14.9 MW solar plant, built at an investment of Rs 76 crores, will help reduce CO2 emissions over the course of its lifetime, said the Rs 45,485 crore revenue (FY21) company. The plant has already helped ITC meet 90% […]

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ARENA Grants $100 M to Support Grid Scale Batteries

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters to support the grid. ARENA’s Large Scale Battery Storage Funding Round will provide up to $100 million in funding to new battery energy storage projects of 70 […]

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Tata Motors Forms New EV Subsidiary: Tata Motors Electric Mobility Ltd

Auto major Tata Motors on Wednesday informed that the company has incorporated a wholly owned subsidiary, Tata Passenger Electric Mobility Limited, which will be involved in manufacturing of electric motor vehicles. The Ministry of Corporate Affairs has issued the certificate of incorporation for the same on December 21, 2021. The subsidiary has been incorporated to […]

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REC, German Dev Bank to Finance India’s Power Sector and RE Projects

REC Limited has entered into an agreement with KfW Development Bank for availing the Official development assistance (ODA) loan of USD 169.5 million under the Indo-German Bilateral Partnership in accordance with the approval granted by the Department of Economic Affairs, the Ministry of Finance, the Government of India, an official release said. The proceeds from […]

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US BLM Offers 90000 Acres For Solar Development

Solar energy is getting a boost in the US. The country’s Bureau of Land Management (BLM) has launched its largest solicitation for solar development to date, seeking interest for utility scale solar energy development on nearly 90,000 acres of public land across Colorado, Nevada and New Mexico. Additionally, the US Department of the Interior has […]

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