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renewable energy investment

India, Australia Collaborate for Lithium and Cobalt Prospects

India and Australia will be jointly investing $6 million to explore cobalt and lithium mines in the continent sized country over the next six months. The two countries have signed an agreement for the exploration of the critical minerals as Australia is home to some of the largest reserves of lithium, cobalt and vanadium. The […]

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ENGIE North America Gets $800m Financing for 665 MW Wind, Solar Projects

ENGIE North America has announced that the company has successfully completed Tax-Equity financing for its Iron Star (Kansas)  and Priddy (Texas) wind projects and Equity financing for the portfolio of these assets along with Hawtree solar project. The solar project was recently declared commercially operational. Together the projects total 665 MW. ENGIE says that leading […]

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Andrew Forrest, The Aussie Metals Billionnaire-turned Green Investor

“Our organisations will be going like crazy because for us it’s a minimum $50 billion expenditure,” said Fortescue Metals Group’s billionaire founder Andrew Forrest this week while referring to a major agreement, as per which his Australian iron ore mining company will produce 10 million tonnes of hydrogen for German energy giant E.ON. Fortescue later […]

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Queensland Goes With Tesla Megapack Batteries for 100MW BESS Project

The state government of Queensland has announced that the state owned power company CS Energy will build a 100MW battery energy storage system (BESS) by using Tesla Inc’s Megapacks batteries to support renewable power. The move comes despite the well publicised accident involving the megapacks in Australia’s  Victoria Big Battery project earlier in July last […]

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Australia’s Woodside Petroleum to Fund Heliogen’s CSP Technology

Heliogen, a provider of AI-enabled concentrated solar energy, and Woodside Energy, a wholly-owned subsidiary of Australian energy producer Woodside Petroleum Ltd, have announced a project agreement for the commercial-scale demonstration deployment of Heliogen’s AI-enabled concentrated solar energy technology proposed to be built in Mojave, California. The project agreement follows the previous announcement by Woodside to […]

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India replaces China in Agreement with Sri Lanka to Build 3 RE Farms

India has signed a Memorandum of Understanding with Sri Lanka to build hybrid power projects in the island country, a joint statement has revealed. The development has come after the Sri Lankan government ousted the Chinese company approved last year from these very projects recently. The projects envisage the construction of three wind turbine farms […]

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Endesa’s €600 million RE park in Portugal to have Solar, Wind and Green Hydrogen

Enel Group subsidiary Endesa Generación Portugal will develop a renewable energy park that will have solar, wind and green hydrogen projects. This will require an investment of €600 million in the Abrantes region of Portugal. Endesa has also been awarded rights to build a 168.6 megawatt (MW) battery energy storage system (BESS) also that will […]

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Italy Signs € 1.5 Billion Support for Rooftop Solar in Agriculture Sector

Minister for Agriculture, Food and Forestry Policies of Italy, Stefano Patuanelli has signed a new rebate scheme under which € 1.5-billion worth support will be given to the country’s agricultural sector for installing rooftop solar. This is distinct from Agrivoltaics, which involve a more integrated approach of combining solar power installations with agriculture. The financial […]

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