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B’Luru Based GPS Renewables Secures $3 Mn in Funding From Triodos and Caspian

GPS Renewables, a Bangalore-based cleantech startup has announced that it has raised USD 3 million in Series A funding led by Triodos and Caspian. GPS Renewables, a Bangalore-based cleantech startup has announced that it has raised USD 3 million in a Series A funding led by the Netherlands based Hivos-Triodos Fund, one of the impact […]

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ArcVera Renewables Forays into Indian Renewable Energy Segment

ArcVera Renewables, an international provider of consulting and technical services for wind, solar and hybrid energy storage projects, has announced its entry into the fast-growing Indian renewable energy market. The firm has set up its first office in India in Bangalore. The company stated that it has assembled a team of international experts to deliver […]

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Renewable Jobs Grew to 11.5 Mn in 2019, now Need Policy Support: IRENA

The latest IRENA report shows that jobs in the renewable energy sector reached 11.5 million globally in 2019, led by solar PV with some 3.8 million jobs. Renewable energy continues to bring socio-economic benefits by creating numerous jobs worldwide, according to the latest figures released by the International Renewable Energy Agency (IRENA). The seventh edition […]

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Trafigura Forms new Firm to Invest in Renewable Energy Projects Globally

Trafigura Group has announced the formation of a new company to invest in a series of solar, wind, and power storage projects globally. Trafigura Group, one of the world’s leading independent commodity trading companies, has announced the formation of a new company to invest in a series of solar, wind, and power storage projects globally. […]

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RWE Renewables to Extend Four Offshore Wind Farms in the UK

RWE Renewables and its project partners have signed agreements for lease for developing four projects in the UK to extend the existing four offshore wind farms RWE Renewables and its project partners have signed with The Crown Estate Agreements for Lease for developing four projects in the United Kingdom (UK) to extend the existing four […]

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EDF Renewables Signs Contract for Storage Expansion at Maverick 6

EDF Renewables has signed a storage contract for expansion to the previously announced 20-year solar PPA for the Maverick 6 project in California. EDF Renewables North America has announced the signing of a storage contract with CleanPowerSF as an expansion to the previously announced 20-year solar Power Purchase Agreement (PPA). The 100 megawatts (MWac) Maverick […]

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Restrictive Banking Provisions aren’t Helping Renewable Adoption in India

After restrictive net metering regulations and withdrawal of waivers for open access renewable projects, regulators are now restricting banking facilities. Banking is important as it provides renewable developers a mechanism to utilise their excess generation and avail financial benefits in some cases, states an analyst by JMK Research. In the last year, some renewable energy-rich […]

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India’s Renewable Energy Sector is Still Primed for Growth: IEEFA

While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note. Policy-related headwinds and a collapse in electricity demand due to the COVID-19 crisis have disrupted India’s renewable energy […]

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PepsiCo Announces Target for 100% Renewable Electricity by 2030

PepsiCo has announced a new target to source 100 percent renewable electricity across all of its company-owned and controlled operations globally by 2030 PepsiCo has announced a new target to source 100 percent renewable electricity across all of its company owned and controlled operations globally by 2030 and across its entire franchise and third-party operations […]

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