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Siemens Gamesa to sell European RE assets to SSE for €580 million

Renewable Energy major Siemens Gamesa has announced that it has entered into an agreement with Scotland-based SSE Renewables to sell its South European renewables development assets for a total cash consideration of €580 million. The official statement says that the sale includes a pipeline of onshore wind projects that have a total capacity of 3.9 […]

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European Commission Ponders Hiking Renewable Energy Target To 45% By 2030

The Ukraine-Russia conflict, and the vagaries of climate change might just have nudged the European Commission when it comes to its renewable energy targets. The European Commission is analyzing if the Union can achieve a higher aim of having 45% of its energy coming from renewable sources by 2030. Currently the European Commission has proposed […]

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NeuConnect Undersea Project to Link Energy Markets of Germany and UK

The NeuConnect Project, which will create the first interconnector or direct power link between Germany and Great Britain, connecting two of Europe’s largest energy markets is making a move as contracts of £1.5 billion have been awarded by its consortium for the development of undersea link for electricity transmission between Europe’s two largest economies – […]

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Renewable PPA’s In Europe Surge 8.1% QoQ

European renewable PPA prices surged 8.1% quarter over quarter and 27.5% year over year, with the crisis in Ukraine the latest development to the deepening energy crisis, according to LevelTen Energy’s European Q1 2022 PPA Price Index, released today. Despite this uncertainty, demand for renewables has remained strong causing a shortage of projects for buyers. The […]

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AuREUS Repurposes Food Waste Into Solar Panels

Since sunlight is available for a limited period during the day, standard solar panels only generate power 15-20% of the time. This is a major hindrance in the widespread adoption of solar energy, which Carvey Ehren Maigue, from Mapua University, in Manila in the Philippines, is seeking to solve with his invention ‘AuREUS’ that simultaneously […]

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European Quality Product Below Chinese Prices Is Our Edge”, Sandeep Goyal

A thriving solar inverter market in India shadows the overall growth of solar, and is poised strongly till 2030 and beyond.  Pyramid Electricals  is one of those rare Indian firms that have come up the hard way in the electronics  sector. With their own R&D, technocrat founders, and now, plans to scale up to large […]

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EU Will Increase Renewables Target: Timmermans, EU Climate Policy Chief

Eliminating its dependence on Russian oil and gas seems to have a guaranteed a strong runway for renewables growth in the European Union. EU climate policy head Frans Timmermans has said that more ambitious targets are being developed for the EU for faster transition to renewable sources of energy. The announcement by Timmermans comes even […]

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Former Tesla engineer-designed battery at Bengaluru startup gets European order

In a boost to domestic manufacturing, one of the world’s most energy dense batteries designed by a former Tesla engineer for a Bengaluru-based battery startup has been picked up by a European renewable energy company, Eren Groupe, for its storage applications, the startup’s co-founder said on Sunday. The development has opened up possibilities of use […]

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New $100M fund launched for climate tech invt in North America, Europe

VC firm Voyager Ventures has announced its first fund of $100M. Fund I invests in early-stage climate technology companies in North America and Europe. “We’re excited to back Voyager as a stand-out early-stage climate tech investing firm,” said Eva and Logan Green, CEO of Lyft. “We are impressed by Sarah and Sierra’s knowledge, operational expertise, […]

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