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China’s BYD Launches its First Passenger Electric Car in India

BYD, a Chinese electric car manufacturer financed by Warren Buffet, debuted its first passenger car in India: an electric sport-utility vehicle (SUV). This marked BYD’s entry into the mainstream market as part of a larger global expansion. BYD, which currently offers electric buses and vehicles (EVs) for corporate fleets in India, unveiled the Atto 3 […]

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Understanding The $84 Billion Global Carbon Pricing Market

Global carbon pricing revenue in 2021 increased by almost 60 per cent from 2020 to around $84 billion, as per the latest “State and Trends of Carbon Pricing” report. The world needs funds to carry on with its efforts to shift to sustainable development, finance broader fiscal reforms, or invest in communities as part of […]

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Octopus Energy Group Raises Fresh Funds Totaling $550 million

In a fresh announcement, British renewable energy player Octopus Energy Group said that it has closed the recent funding round and has secured $325 million from its shareholders. It said that the loan is raised on the terms agreed during the fundraising round in December 2021. The official statement revealed that the RE player’s investors […]

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IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape

The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […]

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Meridian to Sell Aussie Biz to Shell & ICG Consortium for $5278 M

New Zealand electricity generator and retailer Meridian Energy is selling its Australian business to a consortium of Shell Energy Operations Pty Ltd, a wholly owned subsidiary of Shell and Infrastructure Capital Group (ICG) for A$729 million ($527.80 million), subject to possible adjustment depending on the timing of completion. On completion, Shell will become the owner of […]

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Vestas to Supply 16 Turbines to 58 MW Wind Farm in NSW

Danish wind turbine maker Vestas and its partner Global Power Generation, a subsidiary of the multinational power company Naturgy Group, have secured a 58 MW deal for Crookwell 3 Wind Farm in New South Wales, Australia. The project will feature sixteen V126-3.45 MW wind turbines in 3.6 MW operating mode which Vestas will supply and […]

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Product Manager, Multibrand

SBU ASP > Service, ASP > Service Commercial The ASP Service Commercial Department is guiding the continuous and profitable growth in the Service business across Asia Pacific (ASP) by selling service solutions for any Renewable Energy asset and by any OEM – Vestas or Non-Vestas (multibrand). The different service solutions are typically relating to one […]

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Siemens Gamesa to Supply Largest Wind Farm in the Philippines as Wind Momentum Builds in the Country

Siemens Gamesa has secured a landmark order to supply, install and commission 32 onshore turbines for the largest wind farm in the Philippines to date, marking a resurgence for the wind industry in the country. The 160 MW Balaoi & Caunayan wind project will be developed by Asia’s pioneering renewable energy developers UPC Renewables and […]

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Vestas Wins First EnVentus Order in Asia Pacific for a 157 MW Project in Australia

Vestas has secured a 157 MW order from Neoen to deliver the engineering, procurement and construction of Kaban Green Power Hub in Far North Queensland, Australia. The project will feature 28 of Vestas’ V162-5.6 MW turbines from the EnVentus platform. This marks Vestas’ first EnVentus order for Asia Pacific and Australia, as well as Neoen’s first […]

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