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renewable energy investment

IEA Says Solar PV Capacity Additions Will Slowdown In India In 2023

The new report by International Energy Agency (IEA) – Renewable Energy Market Update, June 2023 – has said that the utility-scale solar PV projects are expected to slow briefly in 2023 due to supply chain challenges, lower auction volumes and trade policies. The IEA report has shown concern as solar power is India’s largest renewable […]

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NTPC Partners With Ohmium For PEM Electrolyzers To Boost Green Hydrogen Production

NTPC Renewable Energy Limited (NREL), the green arm of NTPC, has now chosen leading Green Hydrogen company Ohmium as its Proton Exchange Membrane (PEM) electrolyzer partner. The agreement will likely boost the Green Hydrogen production plan of the NTPC, India’s largest government-owned power producer.   Ohmium said the agreement is valid for two years until May […]

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Westbridge Inks Pact With MYTILINEOS to Monetize 1.4 GW Solar Portfolio

Vancouver-headquartered Westbridge Renewable Energy Corporation has signed a definitive agreement in connection with the purchase by Metka-EGN, which is a subsidiary of MYTILINEOS Energy & Metals, of a portfolio of five solar projects located in Alberta, Canada from Westbridge. The solar power projects have anticipated aggregate capacity of 1,410 MWdc (1.4 GW) upon commercial operation. […]

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OX2, Tuulialfa To Construct Six Wind Projects Worth 1.2 GW

Swedish renewable energy company OX2 has announced that it has signed an agreement with Finnish clean energy player Tuulialfa for the development and construction of an onshore wind power portfolio in North Ostrobothnia and Lapland in Finland. The total capacity of the project is slated to be approximately 1,200 megawatts (MW). OX2 said that the […]

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Denmark Set for Largest Offshore Wind Tender of 9 GW Capacity

Denmark has set sights on its largest offshore wind tender of 9 GW capacity. This has potential to expand to 14 GW or more, as per the Danish Energy Agency. The capacity requirements are to be met by the conclusion of 2030. 14 million households in Denmark and Europe stand to benefit with supply of […]

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Nexamp Secures $400 Million for Community Solar in Six US States

Boston based national clean energy provider Nexamp has announced over $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and Mitsubishi UFJ Finance Group (MUFG). The funds will support the creation of 49 solar power and battery storage projects in six US states. The renewable energy projects will come up […]

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Europe’s SOLEK Closes $379 Million Financing for Chile Solar Projects

European renewable energy firm SOLEK has closed a $379 million financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD (Small Means of Distributed Generation projects in chile). The solar power projects will come up in the Central Region. SOLEK claims to be a fast-growing company in the renewable energy sector. It […]

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Ajay Yadav Assumes Charge as Managing Director of SECI

Miniratna Category-I Central Public Sector Enterprise (CPSE) Solar Energy Corporation of India (SECI) has appointed Ajay Yadav as its Managing Director. The newly appointed Managing Director served as an IAS officer from the 2005 batch of the Bihar cadre. SECI is the primary implementing agency of the Ministry of New and Renewable Energy, Government of […]

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Acen Set To Build Largest Battery Storage Project In Australia

Acen, the Phillipines based renewable energy major that is part of the Ayala group, is set to make Australia’s largest storage battery project linked to a solar farm. The project, to come up in the New England region of New South Wales, has secured approvals to take its size to 1.4 GW (1,400MW) and 2.8 […]

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