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US-Based Avangrid & Europe’s Statkraft Ink Wind Power Deal

Avangrid, a sustainable energy company and member of the Iberdrola Group, and Statkraft, a Europe-based renewable energy firm, have announced the signing of a Virtual Power Purchase Agreement (VPPA), establishing a new relationship between the two companies in the United States. According to a media statement from Avangrid, Statkraft will receive Renewable Energy Certificates (RECs) […]

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Dalmia Cement To Pick 18% Stake In Wind Power Firm O2 Renewable Energy Subsidiary

Indian cement manufacturer Dalmia Cement (Bharat) Limited (‘DCBL’) has announced it has entered into a Share Purchase Agreement (“SPA”), Deed of Accession (‘DOA’), and Power Purchase Agreement (‘PPA’) on April 5 to acquire 18.13% of the equity share capital of O2 Renewable Energy V Private Limited, consisting of 68,99,293 equity shares aggregating to Rs.7.80 crore […]

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Atlas Renewable Energy, Hydro Rein Commissions 438 MW Solar Project In Brazil

Renewable Energy firm, Atlas Renewable Energy and Norwegian-based Hydro Rein have announced the commissioning of a 438 MW solar PV project in Brazil. The project is located in the south-eastern Brazilian state of Minas Gerais, the Boa Sorte PV, and consists of several projects that will provide power to aluminum smelter Albras, a joint venture […]

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Azure Power Announces Suspension of SEC Reporting Obligations

Renewable energy developer Azure Power Global Limited, which has most of it’s portfolio kf projects in India, has confirmed that the Company’s US Securities and Exchange Commission (“SEC”) reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act), were suspended on April 1, 2024. On October 31, 2023, […]

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Recurrent Energy Secures €110 Million Green Loan Facility From International Banks

Recurrent Energy, a subsidiary of Canadian Solar Inc. and owner of solar and energy storage assets, today announced that it has secured a multi-currency facility of up to (€110 million) $120 million from a group of international banks led by Investec Bank Plc. According to Recurrent Energy, the facility consists of a €55 million term […]

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South Africa’s Solar Adoption Gathers Pace, But Challenges Remain

South Africa has long been plagued by an energy crisis now. This has led to a situation where the nation faces rolling blackouts or load shedding as it has been called, for the past decade and more. It says something for the state of the power sector that a challenge that was predicted well over […]

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MPERC Introduces Policy For Grid Interactive Renewable Energy System

Madhya Pradesh regulatory body Madhya Pradesh Electricity Regulatory Commission (MPERC) introduced general conditions for net metering, group net metering, and virtual net metering, through distributed licensees to eligible consumers on a first come first serve basis. The regulation extended to the whole of Madhya Pradesh and applied only to the Captive Power Plants (CPP) using […]

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China Versus The US, Europe and Japan? Trade Battles Reach WTO

Days after China formally raised the issue of US subsidies under the Inflation Reduction Act (IRA), the US and Japan, with every possibility of Europe joining in, have been reported to be in formal talks to form a loose alliance to counter the Chinese threat on trade. While the United States and Japan have joined […]

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Leroy Merlin To Draw Power From Better Energy Poland Solar Park By 2025

Construction and decoration firm Leroy Merlin Poland has signed a PPA with Better Energy to draw power from latter’s Chelmno solar park which is currently under construction. The Power Purchase Agreement (PPA) is expected to commence in 2025. According to Better Energy, the 10-year PPA will allow Leroy Merlin Poland to secure the long-term supply […]

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