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renewable energy investment

Shell, Baker Hughes Partner on Net-zero Targets & Solutions

Oil major Royal Dutch Shell’s clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes’ facilities in United States for a two-year period, the companies said on Wednesday. Baker Hughes will provide low-carbon technology solutions for Shell’s LNG fleet. The RECs are tradable instruments substantiating that electricity has been generated from renewable […]

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EDP to Invest in 1.5 GW of Green Hydrogen by 2030

Portugal’s largest utility EDP said on Tuesday it was increasing its bet on green hydrogen and aimed to reach 1.5 gigawatts (GW) of installed capacity by 2030, capitalising on its presence in key markets such as Iberia, the United States and Brazil. The announcement, made during the COP26 climate conference in Glasgow, came after EDP […]

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ISRO Can Spot Ideal Locations for Installing Solar Projects

Indian space agency can suggest the ideal location to put up a solar power farm with the data gathered from its geostationary earth observation satellites within and outside India, said a top official at the Indian Space Research Organisation (ISRO). He also said the technology can be transferred to those who are interested. “We have demonstrated […]

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FTC Solar to Supply Solar Trackers for 504 MW Project in Arizona

FTC Solar, a provider of solar tracker systems, technology, software, and engineering services, has been awarded a 504 megawatts DC project in Arizona. FTC Solar will be providing its Voyager tracker to Moss Solar, an engineering, procurement and construction (EPC) company, which has been contracted by a Tier 1 U.S. developer to construct the solar plus […]

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India, UK unveil 1st global initiative for interconnected solar grids at COP26

Indian Prime Minister Narendra Modi and UK Prime Minister Boris Johnson jointly launched a new flagship international initiative yesterday, at the COP26 World Leaders Summit, backed by over 80 countries, to dramatically accelerate the global transition to clean powered world. The International Solar Alliance (ISA), India Presidency of the ISA, and the UK COP Presidency […]

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Kotak Mahindra Arm to invest ₹1000cr in Sify’s Data Center biz, RE Assets

A distressed assets focused fund promoted by a Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment in the data centre business of Sify Technologies. The investment in Sify Infinit Spaces will help the company invest up to Rs 4,000 crore in building data centres in Mumbai, Noida, Chennai, Bangalore and Hyderabad and […]

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Midsummer Bags €38 M Grant to Build Thin Film Solar Roofs in Italy

Italian authorities have confirmed that Swedish manufacturer of thin film CIGS solar cells Midsummer will receive incentives of approximately €38 million in the form of grants and soft loans. These will go towards building a factory and commencing manufacturing lightweight, environmentally friendly thin film solar roofs in Bari, Italy, for the global market. The production […]

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Global Alliance Launches at COP26 to Boost RE in Developing Economies

The new Global Energy Alliance for People and Planet (GEAPP) will be launched today at COP26 to accelerate investment in green energy transitions and renewable power solutions in developing and emerging economies worldwide. Over the next decade, the Alliance aims to unlock USD100 billion in public and private capital and tackle three problems: (1) POWER […]

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AGEL Q2 FY 22 Results Out: ₹859 cr Cash Profit in H1, RE Portfolio 20,284 MW

Adani Green Energy Ltd. (AGEL), the green arm of the Adani Group, has released the financial results for the quarter and half year ended September 30, 2021, reporting that cash profit increased by 45% to Rs. 859 crores in H1 FY22. The company’s overall renewable portfolio increased to 20,284 MW during this period. The Operational […]

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