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independent power producer

Hero Future Energies Signs MoU with Andhra Pradesh to Develop Renewable Capacity

An independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial and industrial sectors, Hero Future Energies has signed a Memorandum of Understanding with the Government of Andhra Pradesh. The agreement will pave the way for setting up a renewable energy facility in the state. The firm will work closely […]

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Vestas Secures 373 MW Supply Order for South Africa Wind Projects

Danish wind turbine manufacturer Vestas has secured a massive 373 MW supply order from independent power producer Red Rocket for the Brandvalley, Rietkloof and Wolf wind parks. Vestas has said that the wind energy projects will be located in Western Cape and Eastern Cape, South Africa. The contract includes the supply and installation of 64 […]

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Navisun Secures $235 Million to Fuel Solar Projects’ Growth

Manhattan-based solar energy player Navisun LLC has announced that it has secured up to $235 million in debt financing through two facilities. Navisun is a solar independent power producer that co-develops, acquires, owns, and operates distributed and small utility-scale solar and storage projects. Navisun said that the financing will support its growth strategy, allowing it […]

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Oman to Award Solar Energy Projects of $777 Mn for Country’s Largest Solar Panel Project

Oman Power and Water Procurement Company (OPWP),  responsible for purchasing power and water for all IPP/IWPP projects within the Sultanate of Oman, will soon award solar energy projects to international investors. These projects are worth $777 million and have secured approvals from the Authority for Public Services Regulation (APSR)- which looks after electrcitiy regulation. The […]

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Denham Capital Announces $200 Million for Solar Energy Generator Solops

Boston based global energy transition investment firm Denham Capital has announced that it has closed a purchase agreement with Solops that develops, finances, and owns and operates photovoltaic solar projects in the commercial and industrial (C&I) sector throughout the United States. Under the agreement, Denham has acquired Solops and will support the growth of the […]

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CIF Grants $70 Million To Colombia For Renewable Energy Integration

The Climate Investment Funds (CIF) has decided to provide a $70 million loan to the South American country of Colombia at a low interest rate to enable the country to transition to clean energy. With this, Colombia will become the first country to benefit from CIF. The fund was created for speedy growth of renewable energy […]

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The Top 5: Game-Changing Renewable Energy Projects In The Middle East

The energy transition towards renewables has recently seen an increase in Middle Eastern countries, especially in Saudi Arabia, UAE, Egypt, Morocco etc. Once dependent on its plentiful reserves of oil and gas for wealth, the region is finally embracing the zero-carbon emission goals. As per IRENA’s World Energy Transitions Outlook (WETO), the region could obtain […]

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ACME, Norfund Alliance for Renewable Energy In India

Gurugram headquartered renewable energy player ACME has collaborated with Norfund – the Norwegian investment fund – under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, “I […]

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