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ONGC Signs MoU With Greenko To Make Green Hydrogen And Explore Markets

Oil and Natural Gas Corporation (ONGC) and renewable energy company Greenko ZeroC have signed a Memorandum of Understanding (MoU) to make green hydrogen, green ammonia and jointly explore new market in renewables, and other derivatives of green hydrogen. The two companies will join hands to come up with a 1-MMTPA green ammonia production and storage […]

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Nordex Group To Supply Turbines For 148 MW Wind Farm In Finland

The Nordex Group has announced that a consortium comprised of the Finnish energy utility Helen Oy and Alandsbanken Wind Power Fund has commissioned the Nordex Group to supply and install 25 N163/5.X turbines for the 147.5 MW Karahka Wind Farm in Finland. The official statement held that the order also includes the Premium Service for […]

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Rosatom, An Xuan Energy To Develop Wind Energy Project in Vietnam

NovaWind JSC and representatives of An Xuan Energy JSC have signed an agreement on cooperation in the implementation of a project for the construction of a wind farm. NovaWind JSC is a division of Rosatom State Corporation for wind energy generation based in Moscow, Russia. The company was founded in 2017. The official statement revealed […]

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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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Iberdrola Secures €550 Million Loan For Renewable Projects In Spain

Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […]

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Orsted Acquires Ostwind; Eyes Key Markets in Europe

Renewable energy player Orsted has announced the signing of an agreement with Germany based Ostwind, a leading German developer, owner, and operator of onshore wind and solar power projects in Germany and France. For a consideration of EUR 689 million, Orsted will acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & […]

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EDP To Add Battery Storage To Floating Hydro-Solar Hybrid Plant In Portugal

Hybrid renewable energy projects are on the rise the world over and in the latest addition to this expansion is the combination of a hydropower and floating solar power in Portugal. The Portuguese utility firm Energias de Portugal (EDP), which has developed the hybrid project, has announced that it will add an energy storage system […]

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India’s RE May Fall Short Of 2030 Target By 104 GW: GlobalData

A new report has predicted that current growth trend of renewable energy production may pull India 104 GW short of the 2030 renewables target. 2030 RE target requires India, according to GlobalData, to add more than 38 GW of renewable capacity every year from 2022 to 2030. Ironically, Central Electricity Authority has predicted that India […]

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