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Pakistan Must Shift Focus from Coal to Renewable Energy: IEEFA

There is no second life for coal Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore […]

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Masdar To Develop Solar Plant in Greece With Taaleri Energia

UAE based leading renewable energy company, Masdar has announced its first investment in Greece for developing a 65 megawatts (MW) solar PV project with Taaleri Energia, a firm that invests in solar and wind assets. A joint venture of both companies, Masdar-Taaleri Generation (MTG) will be managing the solar project alongside local partners, the Constantakopoulos […]

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Sunrun Records Total Revenue of $334.8 Million in Q1 FY21

An American provider of residential solar panels and storage energy services, Sunrun Inc. has rolled out its financial results for the first quarter of the fiscal year ended March 31, 2021 (Q1 FY21). Sunrun announced that it has welcomed around 23,556 new customers in FY21 with a total revenue was USD 334.8 million in Q1 […]

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BLM Approves $550 Million Crimson Solar Project in California Desert

The United States Interior Department has announced that the Bureau of Land Management (BLM) has given final approval to a Crimson solar energy project on public lands in the California desert. The Crimson Solar Project is capable of delivering enough power to energize approximately 87,500 homes, it has an estimated investment of USD 550 million. […]

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Mitsubishi Power and Powin Partner to Enhance California’s Grid Reliability with Two Battery Energy Storage Projects

Southern Power has awarded Mitsubishi Power Americas, Inc. and Powin, LLC an order for two utility-scale battery energy storage system (BESS) projects totaling 640 megawatt hours (MWh). These projects will enhance California’s grid reliability with additional flexible resource capacity for integrating intermittent renewable energy into the grid. The BESS projects are among the first collocated […]

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SHV Energy Acquires Majority Stake in Indian C&I Solar Firm SunSource

SHV Energy will invest in SunSource Energy, a leading provider of distributed energy for C&I customers in India SHV Energy has announced that it will invest in SunSource Energy, a leading provider of distributed energy for commercial and industrial (C&I) customers in India with a presence across South-East Asia.  SHV Energy’s acquired majority stake is […]

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Investments Worth $810 Billion Expected in the Offshore Wind Sector This Decade

The combined capital and operational expenditure in the offshore wind sector for the decade is set to add up to a massive USD 810 billion A new report by Rystad Energy has predicted that the offshore wind industry’s global installed capacity will exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects. […]

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3.3 Million new Jobs in Wind Energy Sector by 2025: GWEC

A new analysis by GWEC has detailed that 3.3 million new wind power jobs can be created globally over the next five years. A new analysis by the Global Wind Energy Council (GWEC) has detailed that 3.3 million new wind power jobs can be created globally over the next five years thanks to major industry […]

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Advanced Power Achieves Financial Close of 140-MWdc Cutlass Solar project

Advanced Power announced today that it has successfully closed the financing of Cutlass Solar, a 140-MWdc photovoltaic solar electric generating facility located in Fort Bend County, Texas. Advanced Power, together with its co-investors, ENEOS Corporation (“ENEOS”) and Fuyo General Lease Co., Ltd. (“Fuyo”), are the owners of the facility. CIT Bank, N.A., Credit Agricole Corporate & […]

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