SUBSCRIBE NEWS LETTER

renewable energy investment

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

7 Top Automakers In JV to Accelerate Electric Vehicle Charging in North America

Seven prominent global automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV – are forming a joint venture (JV) to expedite the shift to electric vehicle in North America, to enhance the convenience, accessibility, and reliability of EV charging. The joint venture will encompass the creation of a new high-powered […]

Read more

NTPC REL Wins RUMSL’s 80 MW Floating Solar Project

NTPC Renewable Energy Limited, a subsidiary firm of energy conglomerate NTPC, has emerged successful in bidding for a 80 MW floating solar project at Khandwa, Madhya Pradesh. The tariff at which the firm won the tender floated by RUMSL (Rewa Ultra Mega Solar Limited) is an impressive INR 3.80 kWh. RUMSL is joint venture between […]

Read more

Tata Power Signs MoU With Maharashtra For 2800 MW of PSP

Tata Power has signed a Memorandum of Understanding (MoU) with the Maharashtra government to develop Pumped Hydro Storage Projects (PSP) with a combined capacity of 2800 MW. The power firm said these projects will likely see an investment of around Rs 1300 crore.  The company shared the information in its latest filing before the Bombay Stock Exchange […]

Read more

Lower Auction Volumes, Supply Chain Challenges May Slowdown 20% of India’s PV Capacity Additions in ’23: IEA

The IEA (International Energy Agency), in its latest study, “Renewable Energy Market Update 2023 & 2024” has offered significant insights on worldwide markets in the renewable segment. The revelations of the report are as follows- Global Renewable Capacity Additions  As per the report, the global renewable capacity additions are set to soar by 107 gigawatts […]

Read more

Spain’s Acciona to Establish New Wind Farm of 330 MW Capacity in Victoria

Spanish firm that delves into the development and management of infrastructure and renewable energy Acciona Energia has set sights on setting up a new 330 MW wind farm, which will come up in regional Nyaninuk, Victoria. The proposal looks at constructing 58 wind turbines. These would generate 330 MW of renewable energy in regions of […]

Read more
      SUBSCRIBE NEWS LETTER
Scroll