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energy investments

Oriano Bounces Back in Business With 350 MWp of New Solar Projects

Mumbai-based Oriano Solar has started constructing 350+ MWp of utility-scale solar projects across various states in the country. With this project, the construction engineering company has more than Rs 300 crore-contracts in hand. In development business, Oriano said it recently won 70 MW of allocation in the state of Uttar Pradesh for C&I customers and closed […]

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Enel Green Acquires 3.2 GW Solar Portfolio in the United States

Renewable energy company Enel Green Power North America has acquired a 3.2 GW portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian. The 24 development-stage projects, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned […]

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Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores

Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […]

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JinkoSolar’s Modules Break Records with 23.53% Highest Conversion Efficiency

JinkoSolar Holding Co. Ltd., the Chinese solar module manufacturer today announced that the maximum solar conversion efficiency of its advanced high-efficiency solar module reached 23.53% and has outperformed the previous record of 23.01%, also set by JinkoSolar, in January 2021. The result was independently tested and confirmed by TÜV Rheinland, one of the world’s leading […]

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Hero Electric Raises Rs. 220 Crores From GII and OAKS

Hero Electric, the market leader by sales in the electric two wheelers, has raised an investment of Rs. 220 Crore from a UAE-based financial services company Gulf Islamic Investments (GII), and an existing investor, OAKS investment partner. the funds will be deployed as Hero Electric seeks to make an impact in the crowded electric two […]

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BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa

New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […]

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RE Capacity Addition to Grow to 11GW in FY22, Predicts ICRA

While renewable energy capacity addition reduced by 1.3 GW last year due to coronavirus-induced disruptions, ICRA expects the capacity addition to improve to 10.5-11 GW in FY22, led by a strong project pipeline of approximately 38 GW. Additionally, more than 20 GW RE projects are under the tendering phase from various nodal agencies, providing visibility […]

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Norway Allocates $1.2 bn for RE Projects in Developing Nations

The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […]

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Local Firm to Set Up 100 MW Solar Plant in Botswana

The Botswana energy regulator has granted a generation licence for a 100 MW solar project to local firm Shumba Energy, making it the first independent power producer to set up a large scale solar plant in the country, according to media reports. This landlocked country in Southern Africa does not currently have large scale solar […]

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