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energy investments

R.K. Singh Demolishes ‘Canards’ Against Power Reforms At Presser

At a virtual press conference today, Power Minister R.K. Singh launched a scathing broadside against what he described as the ‘canards’ being spread by vested interests to delay or block the passage of key power reforms, proposed in the upcoming Electricity (Amendment) Bill, 2020. Getting down to the theme straightaway, Mr Singh highlighted how India, […]

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World’s 1st Wireless Charging EV Taxi Fleet to Come up in Oslo

Momentum Dynamics will provide its wireless charging system to Jaguar vehicles to support the City of Oslo with the world’s first wireless EV taxi fleet. Momentum Dynamics has announced that it will provide its wireless charging system to Jaguar Land Rover vehicles to support the City of Oslo with the world’s first high-powered wireless EV […]

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World Bank Approves $750 Mn Credit to Help the Power Sector in Nigeria

World Bank has approved the PSRO of USD 750 million in IDA credit to improve the reliability of electric supply and enhance the overall power sector in Nigeria. The World Bank Board of Directors approved the Power Sector Recovery Operation (PSRO) of USD 750 million in International Development Association (IDA) credit to improve the reliability […]

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CIT Arranges $85 Mn Financing for 80 MW Solar Project in Colorado

Financial holding company CIT Group through its Power and Energy unit has arranged USD 85 million financings for an 80 MW Pioneer Solar project located in Colorado. CIT further served as sole lead arranger for financing on behalf of project sponsor Idemitsu Renewables, a leading solar project developer that has successfully built and sold hundreds of […]

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Targeted Public Spending, Policy Action will Bring Immediate Jobs, Boost GDP: Report

Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation said the International Renewable Energy Agency (IRENA) in its newly published report. The intergovernmental agency, IRENA, in its report “Post-COVID recovery: An agenda for resilience, development and equality” outlines […]

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Iberdrola Agrees Deal for Stake in 9 GW of Offshore Wind Projects

Iberdrola has agreed on a deal to take “majority acquisitions” in the future development of up to 9 GW of offshore wind energy projects in Sweden. Iberdrola has agreed on a deal to take “majority acquisitions” in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to […]

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The Philippines Power Sector can Reach Resilience by 2021: IEEFA

The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector a new report from IEEFA details The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector if it swapped its reliance on expensive coal power for cheaper renewables and […]

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Amazon Announces $2 Bn Fund to Support Sustainable Technologies and Services

Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services with an initial USD 2 billion in funding Global e-commerce major — Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet […]

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