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EBRD Lends €29 Million For Albania’s 140MW Solar Project

The European Bank for Reconstruction and Development (EBRD) has said that its lending €29 million to an Albanian special-purpose vehicle, owned by France’s Voltalia, to develop the 140 MW Karavasta solar plant. This solar power plant will come up in the Fier area of south-western Albania. The EBRD is anchoring the €99 million financing structure […]

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End of Nuclear Energy in Germany: What are the Fallouts?

Germany recently announced the shutting down of its last nuclear power plants. From supplying nuclear power plant-based electricity to the grid for the first time, at Kahl in Bavaria in 1961, to now shutting down the last three in April 2023, Nuclear energy polarized people’s opinions and remained a point of debate for decades in […]

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DNV Introduces Wind Control JIP Entailing Major Firms, Wind Farm Owners

Norway-based energy management firm DNV has introduced a Joint Industry Project (JIP). The JIP includes  owners of wind farms, turbine manufacturers and other profesionals from the wind energy sector. It has been formed with a view to augment confidence in wind farm control (WFC) technology, which entails models and procedures needed to control each turbine […]

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Battery Recycling Startup-Metastable Bags Seed Funding Under Scale-Up Programme

Metastable, a deep-tech battery recycling startup, has raised seed funding under Sequoia Capital  Asia’s rapid scale-up programme, ‘ Surge’. The Bengaluru-based urban mining company works towards extracting crucial elements of Lithium-ion batteries up to the optimal level.  In a release to the media, the firm said that it had raised seed funding through the programme. […]

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Research on Perovskite-CIGS Tandem Solar Cells Yields 24.9% Efficiency

Based on a commercial copper indium gallium selenide (CIGS) solar cell, engineers from Midsummer, by teaming up with researchers at Prof. Yang Yang’s laboratory of University of California, Los Angeles (UCLA), have demonstrated a four-terminal perovskite-CIGS tandem solar cell reaching 24.9 percent efficiency.  Midsummer is a leading Swedish developer and manufacturer of thin film CIGS […]

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Power Ministry Prepares for Summer Peak; Coal and Gas to be Pivotal

The Union Power Ministry has said that it has devised a multi-pronged strategy to ensure adequate availability of power during the upcoming summer months. Power and MNRE Minister RK Singh chaired a review meeting with senior officers from power sector, coal and railways to discuss aspects to meet the high electricity demand in the upcoming […]

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Canadian Solar to Supply 487 MWh BESS to Aypa Power

Global renewable energy player Canadian Solar Inc has announced that CSI Energy Storage, owned by its subsidiary CSI Solar, will provide 487 MWh of SolBank energy storage products to Aypa Power. Aypa Power is a Blackstone portfolio company that develops, owns and operates utility-scale energy storage and hybrid renewable energy projects across North America. The […]

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Dr Lalit Singh Assumes Charge as Chief Executive Officer at TelioEV

EV charging management solutions provider TelioEv has announced the onboarding of Dr Lalit Singh as the Chief Executive Officer (CEO) of the firm. Dr Lalit Singh brings to the table close to two decades of leadership experience in sales and growth marketing.  He joined TelioEV as the Chief Growth Officer of TelioEV in 2021. As […]

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NTPC Green Energy to Raise Up to Rs 9,000 cr Term Loan

NTPC Green Energy Ltd (NGEL), an NTPC subsidiary, has invited bids for a  term loan of up to Rs 9,000 crore in Indian Rupee denomination. As per the bid document, NGEL intends to raise fresh debt and  the funds collected will be used to repay outstanding liability of Rs 8,200 crore towards NTPC by March […]

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