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investment

Glow Raises USD 30 Mn From Union Square Ventures To Expand Biz

Glow, an Ethereum-based solar company secured USD 30 million in funding from venture capital firms Framework and Union Square Ventures. This funding aims to expand Glow’s operations into new markets, further develop blockchain solutions for renewable energy.  Glow uses blockchain to create a Decentralized Physical Infrastructure Network (DePIN), linking solar farms and creating an efficient […]

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Hoymiles Promises Efficiency and Extended Warranties To Back its Microinverters And Storage Solutions In India

Solar energy is advancing on an unprecedented growth trajectory, driven by global decarbonization goals and advances in solar technology. Solar PV installations are expanding rapidly, accounting for three-quarters of the 510 GW of renewable energy added globally in 2023. In India too, the solar push is truly on, as the world’s third largest solar market […]

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Top 5 Reasons Why Shifting Electricity Across Continents Remains A Challenge

From relying on oil and gas-based power to adopting renewable energy, the uneven spatial distribution and temporal variability of energy sources have historically favoured certain countries and continents over others. Transcontinental energy pools aim to address this disparity by distributing renewable energy to regions less fertile for harnessing these modern energy sources from the regions […]

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Lectrix EV Unveils NDuro At A Starting Price of Rs 59,999

Lectrix EV, the e-mobility arm of SAR Group, launched its electric scooter, NDuro today in New Delhi. The unveiling event was hosted by  Pritesh Talwar, President, Lectrix EV, in the presence of SAR Group’s Founders, Rakesh Malhotra Navneet Kapoor, and Lectrix EV Co-founder, Anil Dua. “The NDuro electric scooter boasts of a sleek, sporty design tailored […]

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Equinix, Sembcorp Sign PPA To Develop 58.5 MWp Solar Project

Equinix, Inc., a digital infrastructure company, today signed its second renewable energy Power Purchase Agreement (PPA) with Sembcorp Power Pte. This project in Singapore with Sembcorp’s subsidiary is the second PPA. This collaboration provides Equinix solar project 58.5 MWp maximum capacity from JTC’s properties on Jurong Island. The project will start in 2029. This accounts […]

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US Imposes New Tariffs On Solar Modules From Southeast Asia

The US Commerce Department has announced a new round of tariffs on solar panel imports from four Southeast Asian countries. The US tariffs are in response to complaints from American manufacturers that companies in these countries are selling solar panels at unfairly low prices. The US tariffs will be imposed on solar panels from Malaysia, […]

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JinkoSolar Is Shipping 1GW Of Solar Modules In 4 Days: Data

Global solar module manufacturer JinkoSolar has announced a remarkable milestone, shipping 1 GW of solar modules every four days while surpassing a cumulative 300 GW in shipments worldwide. These achievements underscore JinkoSolar’s dominance and consistent growth in the renewable energy sector globally. Dominance of N-Type Tiger Neo Modules The company highlighted the success of its […]

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O2 Power Signs PPA With Railways To Supply Renewable Power

Indian renewable energy company O2 Power has signed a Power Purchase Agreement (PPA) with East Central Railway (ECR) to supply renewable power. The energy will be sourced from O2 Power’s 360 MW installed capacity spanning Rajasthan, Gujarat, and Karnataka. This aligns with Indian Railways’ efforts to achieve net-zero emissions. Indian Railways has planned to go net-zero […]

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ACME Solar Set To Bring Its Maiden Wind Project Soon

ACME Solar, a renewable energy project developer, is transitioning beyond its solar-focused roots. The company is gearing up to commission its first-ever wind energy project, marking a significant step in its diversification journey. In a recent investors’ call, the company’s top management shared insights into its evolving strategy and plans for the future. Transition to […]

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