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Glennmont Closes its 3rd Clean Energy Fund at a Record €850 Mn

Glennmont Partners has successfully raised €850m at the final close of its third fund investing in clean energy infrastructure projects in Europe. UK-based fund manager Glennmont Partners has successfully raised €850m at the final close of its third fund investing in clean energy infrastructure projects in Europe. It is the largest amount that has ever […]

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IRENA Report on Global energy transformation: A roadmap to 2050 (2019 edition)

Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study from the International Renewable Energy Agency (IRENA) highlights immediately deployable, cost-effective options for countries to fulfill climate commitments and limit the rise of global temperatures. The envisaged energy transformation would also […]

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WB Announces Energy Partnership to Support Energy Storage in Developing Countries

The 10th Clean Energy Ministerial and 4th Mission Innovation Ministerial, being held at Vancouver, Canada, saw the announcement of a new international partnership by the World Bank. The Energy Storage Partnership (ESP) includes the World Bank Group and 29 organizations working together to help develop energy storage solutions tailored to the needs of developing countries. The […]

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Modi 2.0. What Will the Impact be on Solar Energy Sector?

With a thumping majority behind it again, the Narendra Modi led NDA government offers one big relief to the renewables sector straightaway. Continuity. Unfortunately, that’s where the good news ends. While the industry seems uniformly happy at the removal of further uncertainty on the next government, hopes are high for further changes in on the […]

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Four Renewable Energy Companies Show The Way in Cape Town

South Africa’s Cape Town’s clean energy ambition needs an overhaul and according to South Africa outlet, these 4 companies are one to watch out for. South Africa’s famous city, Cape Town has set an ambitious goal of having renewable power account for 20% of its energy mix by 2020, which a number of companies will […]

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Danish Renewable Energy Infrastructure Fund Closes on $700 Mn

Copenhagen Infrastructure Partners (CIP) new fund, the New Markets Fund I, which will invest in renewable energy infrastructure targeting fast-growing major new economies primarily in Asia and Latin America, reached the first close of USD 700 million. “Obtaining first close commitments of USD 700m from a group of leading Nordic investors is an important proof […]

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Climate and Energy Goals Can be Met Without Sacrificing Rivers: WWF

A new report from WWF and The Nature Conservancy has revealed that the renewable energy transition can solve the world’s climate and energy challenges without sacrificing its remaining free-flowing rivers and the diverse benefits they provide to people and nature. Launched on the eve of the World Hydropower Congress in Paris, Connected and Flowing: A renewable future for rivers, climate and […]

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Ørsted Issues Green Bonds to Finance Next Wave of Offshore Wind Projects

The investment strategy will include the investment in the biggest offshore wind farm in the world, the Hornsea 2 in the United Kingdom with a capacity of 1,386 MW.  The largest energy company in Denmark and the world’s largest offshore wind energy developer, Ørsted has successfully issued green bonds. The company announced in a statement […]

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Washington Joins 100% Renewable Energy Clan, More May Follow

Washington Gov. Inslee gave a green signal to the law that made the state the fifth member of the 100% clean energy list in the US. On May 7, Washington became the latest state to join the clean energy race, when Gov. Jay Inslee signed a law requiring that 100 percent of the state’s electricity […]

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