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renewable energy investment

Cabinet Approves Second Tranche of PLI Scheme For Solar Module Manufacturing

The second tranche / phase of the Production Linked Incentive (PLI) scheme for the advancement of solar PV modules, with an outlay of Rs 19,500 crore, was approved by the Union Cabinet on September 21. In a press conference held after the Cabinet meeting, Union Minister Anurag Thakur stated that the PLI for the “National […]

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USA’s P&G Collaborates with ENGIE for New Texas’ RE Project

USA’s FMCG Company, P&G (Procter and Gamble) and utility services provider company ENGIE North America have recently announced the collaboration for a 200 MW power purchase deal from ENGIE’s Sun Valley Solar project. What the Collaboration Offers According to the document, the Sun Valley project, which is located 65 miles southwest of Dallas in Hill […]

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Vianode Invests NOK 2 Billion in Battery Materials Plant in Norway

Active anode materials manufacturer in Vianode has announced that it will invest around NOK 2 billion in its first industrial-scale plant for sustainable battery materials at Herøya in Norway. Vianode is a company owned by the three firms, namely, Elkem, Hydro and Altor. Vianode said that the investment will create new industrial jobs and provide […]

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What Are Climate Bonds?

According to the United Nations’ Intergovernmental Panel on Climate Change estimates, limiting the global temperature increase to 2 degree Celsius, the goal of the Paris Agreement, will require about $3 trillion of investment every year to 2050. Raising such huge investments is a challenge. To tackle it, governments and corporations are increasingly turning to Climate […]

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USA’s Jingoli Power Launches Solar EPC Division To Expand RE Services Portfolio

US-based Jingoli Power has announced the launch of a new solar engineering, procurement and construction (EPC) division in the company as part of its rapidly growing renewable energy services portfolio. Jingoli Power provides professional services like planning, survey, evaluation and cost estimation to contractor management and tender-process management for complex electric utility construction projects.  It […]

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KKR Invests in Hero Future Energies in $450 Million Transaction

New York’s Kohlberg Kravis Roberts & Company (KKR), a leading global investment firm, and Hero Future Energies (“HFE”)- the renewable energy arm of the Hero Group, have announced the signing of definitive agreements. Under the agreements, KKR and the Hero Group will invest $450 million in HFE. This investment will position HFE for continued growth […]

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Adani Green Commissions 325MW Wind Power Plant in Madhya Pradesh

In Madhya Pradesh’s Dhar area, Adani Green Energy Limited commissioned a 325MW wind energy power plant. With this, Adani Green Energy Limited’s (AGEL) operational generation capacity has increased to 6.1 gigawatts. 324.4MW (325MW) wind power plant in Dhar, Madhya Pradesh, had been inaugurated by Adani Wind Energy MP One Private Ltd (AWEMP1PL), a division of […]

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Canadian Pension Firm & Mahindra Group Collaborate Strategically in RE

The Mahindra Group and the Canadian-based pension firm, Ontario Teachers’ Pension Plan Board have announced a strategic alliance to take advantage of the expanding renewables market in India. Both parties have entered into legally binding agreements under which Ontario Teachers’ will purchase a 30% equity stake in Mahindra’s solar development arm, Mahindra Susten Pvt Ltd […]

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