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renewable energy investment

Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

Madrid-based clean power platform Matrix Renewables has entered into a partnership with Spanish renewable energy company Energia Aliaval to co-develop at least 300MW of Italian solar farms in Italy. The development of new Italian solar farms partnership further builds on the company’s presence in Italy, said Matrix. With this project, Matrix Renewables reach close to […]

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TotalEnergies to Acquire Commercial & Industrial Solar Business of SunPower

TotalEnergies has announced that the company has signed a contract with SunPower Corp.’s to purchase latter’s Commercial & Industrial Solutions (CIS) business for $250 million. The amount includes $60 million of earn-out. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. Both the companies have approved the acquisition following a thorough process involving […]

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Reliance Joins Altigreen in the EV Race

Reliance New Energy Ltd (RNEL), a subsidiary of Reliance Industries Ltd (RIL), has announced an agreement with Altigreen Propulsion Labs Private Limited (Altigreen), a Bengaluru-based electric vehicle technology and solutions company for commercial last-mile transportation through two, three, or four-wheelers. . “Reliance New Energy Ltd (RNEL), a wholly-owned subsidiary of the company, has entered into an agreement […]

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European JV to Make Offshore Wind Floater for 15MW Turbines

French engineering and technology company Technip Energies has acquired a 16.3% stake in Spanish renewable energy startup X1 Wind, which claims to have designed an innovative and disruptive offshore wind turbine floater with major environmental and operational benefits. The two companies will collaborate on the development of the first commercial-scale demonstrator, as well as the related industrialization and […]

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Tata Power Net Profit Swells by 71% Signifying Comprehensive Growth

The third quarter results of Tata Power in the current financial year is out and the company has posted a staggering 71% rise in the consolidated profits against the corresponding period of the previous fiscal. The renewable portfolio in terms of profit after tax (PAT) grew by 107% – all credit to their solar expansion. […]

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Ecoppia to Supply Cleaning Robots to Actis Solar Plant in Andhra Pradesh

Israel-based Ecoppia, which provides robotic cleaning solutions for photovoltaic solar, has announced another project of 150MW with Sprng Energy, a company owned by investment platform Actis. Ecoppia robots will be deployed at Sprng Solar’s Ananthapuram project in Andhra Pradesh in Q2 2022. Actis had initially engaged with Ecoppia back in 2017, installing the fully autonomous robots at 4 different solar […]

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ReNew Power Commissions Gujarat’s 1st Wind-Solar Hybrid Plant

Indian green firm ReNew Power has commissioned Gujarat’s first wind-solar hybrid project. The plant is set up at the Chlor-Alkali unit of Grasim Industries Ltd., Vilayat district, Bharuch, Gujarat. The official statement of the company says that the first phase of the hybrid project, with 17.6 MW commercial-scale wind-solar, commenced operations last week and is […]

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SJVN to Develop 10,000 MW Solar Projects in Rajasthan

In a major development in the renewable sector, mini-ratna SJVN will soon sign a Memorandum of Understanding (MoU) with the Rajasthan Government to develop 10,000 MW solar power projects in the next 5 years in Rajasthan. A formal proposal was submitted by SJVN for the said project to the Rajasthan government. It was accepted and […]

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AGEL First in India to Achieve GRI South Asia Charter Member Status

Adani Green Energy Ltd (AGEL), the renewable arm of the Adani Group, has received approval for being a member of the GRI South Asia Charter on Sustainability Imperatives. Adani Green Energy Ltd (AGEL) had initiated this pursuit in response to a call from GRI by becoming a signatory to the GRI South Asia charter in […]

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