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renewable energy investment

Vestas Secures 373 MW Supply Order for South Africa Wind Projects

Danish wind turbine manufacturer Vestas has secured a massive 373 MW supply order from independent power producer Red Rocket for the Brandvalley, Rietkloof and Wolf wind parks. Vestas has said that the wind energy projects will be located in Western Cape and Eastern Cape, South Africa. The contract includes the supply and installation of 64 […]

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Japan’s Daiwa Acquires Minority Stake in 1.2 GW Hornsea One Offshore Windfarm

Japan’s Daiwa Energy & Infrastructure has announced that it has acquired a minority stake in Hornsea One offshore wind project. Daiwa said in its official statement that the acquisition is constructed on its partnership with Equitix, which has been cultivated since its first co-investment in Electricity North West Limited in 2019. Daiwa Energy & Infrastructure […]

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3500 MW of Wind Addition Possible in Five Developing Countries: GWEC Report

A new report by Global Wind Energy Council (GWEC) has said that five countries, namely, Argentina, Colombia, Egypt, Indonesia and Morocco have the capacity to add 3500 MW of wind power in the coming five years if they do so aggressively. The GWEC report held that the five developing countries can add an extra $12.5 […]

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ArcVera Picked for Engineering Services to 1.2 GW Solar Project in USA

Colorado-based ArcVera Renewables has announced that it has been selected to provide independent engineering (IE) services for Onward Energy’s Global Atlantic solar portfolio recently acquired having a capacity of nearing 1200 MW. ArcVera said that it is bullish on making a mark in the renewable energy sector especially in the solar sector through its independent […]

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Israeli Developer Econergy Gets EUR 30 Million from RGreen Invest

Leading Israeli investor, developer and operator of renewable energy projects across Europe, Econergy Renewable Energy has received EUR 30 million which is a part of the company’s deal with French independent asset management firm RGreen Invest. Econergy and RGreen are long-term partners and the EUR 30 million is part of the total equity investment of […]

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Chinese Battery Giant CATL Announces 2022 Results, Almost Doubles Profit

Chinese battery giant Contemporary Amperex Technology Limited (CATL) has announced its financial results and said that it almost doubled its net profit in 2022 due to the booming electric vehicle market at home. CATL said that its net profit increased by 93 per cent to $4.4 billion in 2022 year on year. The company disclosure […]

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MNRE Looks to Develop Pipavav, Tuticorin Ports for Offshore Wind

The Ministry of New and Renewable Energy (MNRE) will soon share a proposal with the Ministry of Shipping. The proposal will look at the development of the ports in Gujarat (Pipavav) and Tamil Nadu (Tuticorin). The aim will be to handle offshore wind project cargo. Under the ambit of MNRE, The National Institute of Wind […]

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Statkraft Begins Supply to UK Greener Grid Park

Renewable energy firm Statkraft has revealed that Lister Drive Greener Grid Park in Liverpool has been set into operation and begun to power up the national grid. Greener Grid Parks by Statkraft is a collection of buildings, that are often established close to substations. They boast of technology designed to augment the capacity of renewable […]

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ACWA Power to Build 2.6 GW of Solar and Storage Facilities in Uzbekistan

Saudi Arabia flagship company for renewable energy ACWA Power has announced that it has signed agreements under which it will be developing two solar parks and also storage capacities in Uzbekistan. ACWA Power held that the combined capacity of the solar power projects will be about 1.4 GW. The company will also include battery storage […]

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