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renewable energy investment

GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables

ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […]

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Finance to Close Global Energy Access Gaps Dramatically Off-Track to Meet 2030 Targets: SEforALL

Data shows finance for coal tripled in past year, but innovative off-grid solutions and finance models offer opportunities to meet Global Goals. Finance required to close electricity and clean cooking access gaps remains dramatically short of what is needed to meet global energy goals by 2030, leaving the world’s most vulnerable people behind, according to […]

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ENGIE Acquires 90% Stake in Simpa Energy India

ENGIE has acquired 90 percent stake in Simpa Energy India French clean energy giant ENGIE has acquired a controlling stake in Simpa Energy India Pvt Ltd the company announced. The move is set to expand ENGIE’s geographical footprint and accelerate the company’s growth. ENGIE has acquired 90 percent stake in Simpa Energy India from its […]

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EDF Renewables Signs Two 20-Yr PPA For Solar+Storage Proj in California

The Project is slated to achieve commercial operation by the end of 2021. The agreement is for generation and storage of solar energy. EDF Renewables North America signed two 20-years Power Purchase Agreement (PPA) with Silicon Valley Clean Energy (SVCE) purchasing 55 percent of the output, and Monterey Bay Community Power (MBCP) getting the remaining […]

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Fourth Partner Energy Commissions 980 kWp Rooftop Solar Carport for ŠKODA AUTO’s production facility in Aurangabad

Fourth Partner Energy, India’s leading distributed solar energy company has commissioned a 980-kWp carport for ŠKODA AUTO India Private Ltd. at their manufacturing facility in Aurangabad, Maharashtra. This initiative, built in line with the ‘GREEN FUTURE’ strategy of ŠKODA AUTO and commissioned as part of the ‘INDIA 2.0’ project, is expected to reduce 922 tons […]

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Soltage Closes First Round of Investment in 100-MW Solar Portfolio

Project to power 18,000 homes and offset 300 million pounds of CO2 each year Independent renewable energy provider, Soltage LLC, today announced that it closed a first round of investment in a 38 project, 100-megawatt (MW) solar project portfolio located in five states across the East Coast and the Southeast. The portfolio includes a large asset […]

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Construction of 11.6MW Ground-Mounted Solar Plant in Central Hungary by Unisun Energy Group

The start of the project marks another milestone in Unisun’s roadmap to accelerate its expansion into global markets Zhejiang province, China-based Unisun Energy Group, a leading global provider of clean energy solutions, recently announced that the company was about to commence construction of the first phase of its ground-mounted solar power facility in Tiszaszolos, Hungary with initial installed capacity […]

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CMI Inaugurates MiRIS: Europe’s Largest Industrial Energy Storage Pilot Plant

MiRIS Project investigates energy storage, PV, and microgrid integration and optimization CMI Energy’s MiRIS project will be integrated with the CMI Group’s headquarters complex to allow its engineers to perform detailed analysis of renewable integration with energy storage CMI Energy, part of CMI Group, will be inaugurating Europe’s largest industrial energy storage facility on October 26, […]

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Egypt Could Meet Over 50% Electricity Demand via Renewable Energy: IRENA

The Egypt Renewable Energy Outlook report finds that pursuing higher shares of renewable energy could reduce the country’s energy bill by up to USD 900 million annually in 2030. Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook report finds that pursuing higher shares […]

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