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Bloomberg, Ørsted Announce 15-Year PPA For Renewable Energy

United States (US)-based clean energy developer Ørsted announced signing an 80MW power purchase agreement (PPA) with Bloomberg for renewable energy generated by the Mockingbird Solar Center, a 471 MW project currently under construction near Paris, Texas.  This is Ørsted’s largest solar project in the US, as well as the company’s first project to incorporate conservation […]

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American Firm AES Completes Construction of 3.5 GW Of Renewables

America-based global cleantech company AES Corporation announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022. “In 2023, AES Corporation completed the construction of 3.5 GW of new renewables. This construction milestone represents a new record and a growth rate of nearly 100% over 2022. Including […]

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IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects

Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […]

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Q3 Results-Sterling and Wilson Renewable Continues Recovery With Order wins

Sterling and Wilson Renewable Energy Limited (SWRE), one of the leading solar EPC and O&M solutions provider, announced its financial results for the quarter (Q3) ended 31st December 2023. Its consolidated loss in the third quarter (Q3) of FY24 stood at INR 63.7 crore compared to INR 101.2 crore year ago, and revenue rose 43 per […]

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CIP, Ignitis Renewables Win Second Estonian Offshore Wind Tender

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, and Ignitis Renewables have won the auction-based competitive tender for the development of an offshore wind farm in the Liivi 1 seabed area in Estonia, having placed the highest bid of EUR 1.16 million Having previously won the Liivi 2 site in Estonia’s first offshore […]

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Mahindra, Ontario Teachers’ Co-Sponsor 2262.8 Crore Renewable Project

Mahindra Group, a farm equipment, utility vehicles, information technology and financial services businesses in India, and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), an institutional investor, have co-sponsored an Infrastructure Investment Trust (InvIT) in the renewable energy space. The InvIT, ‘Sustainable Energy Infra Trust’ (SEIT), is India’s InvIT in the renewable energy space. SEIT has […]

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Indian Railways Floats RTC Tender For 695MW Of Renewable Power

The Indian Railways has now floated a tender, seeking developers to supply 695 MW of Round-the-Clock (RTC) power from grid-connected Renewable Energy. The Railway Energy Management Company Limited floated the tender on behalf of the Indian Railways. “REMC Ltd., for and on behalf of Indian Railways, invites bid in single stage two packet system for […]

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