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energy investments

Mahindra Introduces New Products, Increases EV Investments

Mumbai-headquartered auto major Mahindra & Mahindra is developing, introducing new products and making investments while also making production plans stronger as it continues to be “extremely positive” about the country’s progressive adoption of electric car penetration over the coming few years. It anticipates a gradual shift to electric mobility, with the fleet and sports utility […]

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Aquila Clean Energy to Invest EUR 2 Bn for 2.6 GW RE Projects

Aquila Clean Energy EMEA, the clean energy development platform in Europe of Aquila Capital, has announced that it has closed a EUR 1 billion construction facility, supported by the InvestEU programme. The financing is to support development and construction of Aquila Clean Energy’s entire renewable energy pipeline in Spain and Portugal over the next three […]

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WEnergy Global & Partners Win Biggest Tender for Power Grids in Philippines

Singapore’s WEnergy Global, jointly with Maharlika Clean Power Holdings and Clean Grid Partners, collectively referred to as the Maharlika Consortium, through their Special Purpose Vehicle, Archipelago Renewables Corporation, has signed a Qualified Third Party (QTP) Service Contract to energize over 7,100 households and 300 small local businesses through 16 microgrids spread over 14 barangays in […]

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Ignitis Group to Acquire Latvian Company with 200 MW of Renewable Energy

State-controlled energy holding company in Lithuania, Ignitis Group (AB Ignitis grupė) has announced that after the approval of the Group’s Management Board, the Group’s subsidiary UAB Ignitis Renewables has signed an agreement to acquire 100 per cent shares of a Latvian company which is developing a wind and solar project in Latvia. The agreement is […]

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The Top 5: Largest Battery Energy Storage Systems Worldwide

As we talk about renewable energy replacing fossil fuels, the bottlenecks hindering the progress of renewable energy must be taken care of as well. One of these bottlenecks is the variable nature of renewable energy. Battery Energy Storage Systems (BESS), also known as Big Batteries, provide electricity grids with a wide range of benefits – […]

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New South Wales Attracts $43 Billion Potential Investments For 17 GW Renewables

In what could be called as a great show of trust in the renewable sector, the New South Wales (NSW) state government (Australia) has announced that the Illawarra Renewable Energy Zone (REZ) has attracted A$43 billion worth of potential investments in response to a call for expressions of interest for large-scale energy and green manufacturing […]

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Norway’s Norfund Commits Investment In Solar Energy Project in Rajasthan

The Norwegian Climate Investment Fund has said that it has entered into an agreement to take a 49% stake in a 420 MW solar power plant in Rajasthan, India, that is developed by Italy-based energy provider, Enel. With the investment, Norfund has within a short time put a total of NOK 1.8 billion to work […]

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Climate Change Threatens India’s Solar And Wind Energy Potential: IITM Study

Pune-based Indian Institute of Tropical Meteorology (IITM) has revealed in its latest study that the renewable energy in India – specifically solar and wind – may see a downward trend due to the ravages of climate change. The study is titled as ‘Analysis of future wind and solar potential over India using climate models’ and published […]

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L&T Looks to Invest Upto $2.5 Billion In Green Energy

Engineering conglomerate Larsen & Toubro (L&T) is mulling to invest upto $2.5 billion in the coming three to four years and work throughout the value chain of green energy to create green assets. This may be aimed at realising water neutrality by 2035 and carbon neutrality by 2040. The L&T officials have revealed the fact […]

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