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India 3rd Largest Power Producer Globally

India is the third-largest electricity producer across the globe, as stated by the Power Minister RK Singh in the Lok Sabha. Also, India secured the 106th position in terms of per capita consumption in 2017, according to the latest key world energy statistics published by the IEA in 2019. The reforms in the power sector are […]

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Sterlite Power Advances Biz Strategy Post Selling 3 Assets in Brazil for About $100 Mn

Sterlite Power, which is among the leading global developers in the power transmission space, has achieved major milestone in Brazil by selling three assets i.e. Arcoverde, Novo Estado and Pampa from its portfolio for about USD 100 million (BRL 566 million). Post divestment of these assets, the company, now, has seven projects in different Brazilian regions, […]

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Total Expands RE Portfolio Acquires Global Wind Power France

Total Quadran has announced that it has acquired 100 percent of Global Wind Power France, with a 1250 MW portfolio of onshore wind projects Total continues its growth in renewable energy in France with a substantial investment in wind power. The conglomerate has now, through Total Quadran – its 100 percent renewable developer and producer […]

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Saipem, Equinor Sign Cooperation Agreement for Floating Solar Projects

Saipem and Equinor have recently signed a cooperation agreement to develop a floating solar power project for near coastal applications. Saipem and Equinor have recently signed a cooperation agreement to develop a floating solar power project for near coastal applications. The technology will be based on the in-house developed concept by Moss Maritime, part of […]

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REC Sales up 64 Percent to 21.42 Lakh Units in February

Sales of REC rose over 64 percent to 21.42 lakh units in February compared to 13.02 lakh in the same month a year ago owing to high demand Sales of renewable energy certificates (REC) rose over 64 percent to 21.42 lakh units in February compared to 13.02 lakh in the same month a year ago […]

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UK Confirmed as 1st Co-Chair in India-Led Climate Change Initiative

The UK has been confirmed as the first co-chair of the Governing Council on the India-led global Coalition for Disaster Resilient Infrastructure (CDRI). The UK on March 23, 2020, was confirmed as the first co-chair of the Governing Council on the India-led global Coalition for Disaster Resilient Infrastructure (CDRI). The coalition was established by Prime Minister Narendra Modi and is a […]

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J&K: 4 Policies Approved including RE to Ramp Up Industrial Growth

In a bid to boost industrial growth, the Jammu and Kashmir (J&K) Administrative Council, headed by Lt Governor G C Murmu, has approved the four policies for tourism, captive power, hydropower & renewable energy, and AYUSH care. The Administrative Council’s decision comes in the backdrop of Global Investors Summit scheduled to be held later in the year […]

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Lightsource BP Completes $250 Mn Financing for Solar Project in Texas

Lightsource BP has successfully closed on a USD 250 million financing package for its 260 MW Impact Solar project located in Texas Lightsource BP, a global solar leader, has announced that it has successfully closed on a USD 250 million financing package for its Impact Solar project located in Lamar County, Texas, 120 miles northeast […]

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Siemens Gamesa Calls off Annual Shareholder Meeting due to COVID-19

Siemens Gamesa has announced that it has decided to call off the General Shareholder’s Meeting, due to the outbreak of coronavirus (COVID-19). Siemens Gamesa Renewable Energy (SGRE) has announced that in its latest meeting, the Board of Directors of the Company has decided to call off the General Shareholder’s Meeting, which was scheduled to be […]

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