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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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Neuron Energy & EVTRIC Motors Join Hands for Battery Solutions

Pune-based EV producer EVTRIC Motors and Mumbai-based battery manufacturer Neuron Energy have announced their alliance. According to the agreement, Neuron Energy would supply 12000 battery packs annually through this alliance, earning around Rs. 50 crores in income. This long-term, strategic partnership will be able to satisfy all of EVTRIC Motors’ battery pack requirements. EVTRIC will […]

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Taiwan’s ProLogium to Build Solid-State Battery Gigafactory in Europe

Taiwan-based solid-state batteries manufacturer ProLogium has appointed Accuracy – an independent financial and strategic consulting firm – to advise on the location of its first major Gigawatt-hour (GWh) battery factory in Europe and to work with its international development team. The official statement of ProLogium states that the investment in the new factory will total […]

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Tata Power Renewable Microgrid & SIDBI To Form Green Enterprises For Rural Entrepreneurs

To commemorate the Azadi Ka Amrit Mahotsav, Tata Power Renewable Microgrid Limited (TPRMG), a wholly owned subsidiary of Tata Power and Small Industries Development Bank of India (SIDBI), have joined hands to launch an innovative program that will see 1,000 green energy enterprises established throughout the nation. The Government of India’s vision of Atmanirbhar Bharat will […]

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Eurocell Plans To Build First Gigafactory in the Netherlands

To deliver battery cells to the energy storage and e-mobility ecosystem across Europe, Eurocell, an Anglo-Korean next-generation battery startup, has stated that talks are underway for the development of its first European Gigafactory in the Netherlands. Eurocell plans to build the next Gigafactory in two stages, with full production beginning as early as 2025. By […]

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Iberdrola Commissions Europe’s Largest Solar Plant With 590 MW Capacity

The 590 MW “Francisco Pizarro” PV project in Extremadura, southwest Spain, the biggest solar facility in Europe, has been put into operation by Spanish energy company Iberdrola. This is the largest solar plant installation to be ever built by Iberdrola. The €300 million ($310 million) project is situated between the Cáceres communities of Torrecillas de […]

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The First Factory Of NIO In Europe Will Commence Operation Soon

Chinese EV startup NIO has said that its first factory in Europe will be operational in September, 2022. There will be no manufacturing of cars in the new facility. The joint announcement was made by Peter Szijjarto, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office in Budapest, […]

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European Bank To Invest $21.4M In Azerbaijan’s Solar Plant

The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […]

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CERC Rejects ReNew Power Plea On Force Majeure for 250 MW Wind Project

In an order dated July 29, the Central Electricity Regulatory Commission (CERC) has rejected multiple contentions by ReNew Power regarding a 250 MW ISTS connected wind energy project for 250 MW that it had won in 2018. ReNew had made SECI, as well as multiple state discoms that are buying power from the project respondents […]

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