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Finnish New WaveRoller Technology Contributes To EU RE Capacity

Finnish enterprise AW-Energy has recently successfully developed a wave farm project that converts ocean wave energy to electricity through WaveRoller technology. The machine operates in near-shore areas (approximately 0.3-2 km from the shore) at depths of between 8 and 20 meters. The commission mentions about the waveroller technology, “Depending on tidal conditions, it’s mostly or […]

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Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio

Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […]

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Aggreko Energy Transition Solutions To Develop 13 MW Solar Project in Texas

Aggreko, a US-based energy solutions company, announced that the company’s Energy Transition Solutions (“Aggreko ETS”) division has acquired a 13 MW behind-the-meter solar power project site in Texas. Aggreko ETS will oversee the construction, own, and operate the clean energy project in support of a Texas energy producer’s drive to decarbonise operations. Once complete, the […]

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Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF

The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […]

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Singapore-Based Singtela Develops Green Energy Driven Data Centres

Singtela has launched an AI development initiative in Singapore and the region, partnering with global and local ecosystem partners in AI, renewable energy, sustainable technologies, and talent development. The company is expanding its regional data center business by building new, green, sustainable, and hyper-connected AI-ready data centers in markets beyond Singapore, such as Indonesia and […]

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European EV Sales Increased To 16.3% From 12.9% YoY: EIA

A recent report by the US energy agency EIA found an increase in the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States. It rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, […]

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Cleantech Solar Raises Rs 6.25 Billion From Tata Capital for Indian RE Projects

Singapore headquartered Cleantech Solar has successfully secured a substantial long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. This funding is earmarked for bolstering its open access portfolio within India. Cleantech Solar stands as a prominent provider of renewable energy solutions catering to corporate entities across India and Southeast Asia. It […]

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NHPC Invites Bid for 1200 MW Wind Plant in Central, South India

Indian public sector hydropower company NHPC has invited bids for wind power projects for a contracted capacity of 1200MW from Inter-State Transmission System (ISTS) connected Wind Power Projects under Tariff Based Competitive Bidding (TBCB) that will be conducted online. The last date for the submission of the bid is 28th February 2024 and the opening […]

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Yinson Renewables Acquires 97 MWp Matarani Solar Project in Peru from Grenergy Renewables

Malaysia-based Yinson Renewables has completed the acquisition of the 97 MWp Matarani solar project in Peru from Grenergy Renewables, an international independent power producer, developer, and engineering, procurement, and construction company. The project is located in the Mollendo desert in the Arequipa region, one of the world’s highest solar irradiation areas. Most of the project’s […]

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