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renewable energy investment

Morgan Stanley Forms JV With Crowley For US Offshore Wind Development

Morgan Stanley Investment Management (“MSIM”), through Morgan Stanley Infrastructure Partners (“MSIP”), and U.S. maritime, energy and logistics solutions leader Crowley announced today the creation of a new joint venture to advance offshore wind energy solutions for the United States. Crowley rendering of Salem Offshore Wind Terminal The joint venture will strategically combine Crowley’s end-to-end maritime and logistics capabilities through the […]

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Five Indian States Account For 75% of Solar Module Manufacturing

India is rapidly expands its solar module manufacturing capacity, with Gujarat, Uttar Pradesh, Telangana, Maharashtra, and Karnataka taking a lion’s share. An analysis of the latest ALMM list of the Ministry of New and Renewable Energy (MNRE) by Saur Energy hinted at this trend. It claimed that around 75 percent of India’s solar module manufacturers […]

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Alinta’s Big Battery Plans of 100 MW/200 MWh for Australia in the Offing

Australian electricity generating and gas retailing private firm Alinta Energy, owned by Hong Kong-based Chow Tai Fook Enterprises, is making progress towards the development of a 100 MW/200 MWh big battery in southwest Western Australia. The firm has stated that the project will facilitate renewable energy generation in the state while lending support to the […]

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Telangana Looks To Power Over 5200 Schools With Solar Rooftop

The Telangana Government is striving to relieve government-run schools from the financial burden of electricity bills. The government will be introducing more solar power plants on the rooftops of its schools of different capacities. The plan involves installing solar power plants in a total of 5,267 schools, which includes 4,600 government and local body high […]

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Siemens Announces 800 MW Inverter Manufacturing Capacity In US

German Power major Siemens has joined the rush of firms seeking to benefit from the $360 billion plus subsidies on offer under the Inflation Reduction Act in the US. Announcing plans to begin manufacturing solar string inverters in Kenosha, Wisconsin, Siemens will make Blueplanet inverters at the new site, which it acquired from KACO in […]

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DEWA Picks Masdar to Manage 1.8GW Mohammed bin Rashid Al Maktoum Solar Park Phase 6

Dubai Electricity and Water Authority (DEWA) has selected the state-owned renewable energy firm Masdar for the construction and management of the 1,800-megawatt (MW) phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park. Reportedly, Saeed Mohammed Al-Tayer, DEWA’s managing director and CEO made the announcement. The project will be built at an estimated cost […]

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ACEN Inks RECAU Agreement with Laguna Lake Development Authority in Philippines

Makati-based ACEN, through its subsidiary companies, entered into a significant Renewable Energy Contract Area Utilization (RECAU) agreement with the Laguna Lake Development Authority (LLDA) in the Philippines. The purpose of this agreement is to secure the lease of 800 hectares of Renewable Energy Areas (REAs) located in Laguna. This pivotal arrangement signifies ACEN’s commitment to […]

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North Canada to Welcome its Biggest Solar Plant from Mining Group Rio Tinto

Spain’s mining group Rio Tinto’s Diavik Diamond Mine is set to establish the largest solar power plant across Canada’s territories. The plant will boast of more than 6,600 solar panels. The project will generate close to 4,200 MWh of carbon-free electricity annually for the mine. Commercial production from the operation is slated for completion in […]

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First Solar Continues US Footprint with Announcement of New Factory in Louisiana

Solar solutions provider First Solar will be setting up is fifth thin-film solar module factory in the Acadiana Regional Airport in Iberia Parish, Louisiana in the USA. The unit will see an investment worth $1.1bn and aid America with capacity expansion for the production of photovoltaic solar modules domestically. The said investment will chalk out […]

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