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renewable energy investment

Govt in Favour of Domestic Solar Manufacturing, Market not so Much

The government is heavily indulged in promotion of domestic solar manufacturing, however, when it comes to utilisation on projects, imports are still favoured According to information relayed in a recent parliamentary discussion, the central government is heavily indulged in promotion of domestic solar manufacturing as portrayed by all the policy changes and financial incentives being […]

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Global Onshore Wind Industry to Reach Maturity in 2020s: Report

Solar power has emerged as the biggest threat to onshore wind’s dominance and the tools available to the wind sector to combat this challenge are diminishing. Solar power has emerged as the biggest threat to onshore wind‘s dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are […]

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EBRD Grants $37 Mn Loan for Expansion of Wind Project in Turkey

EBRD has approved a loan worth USD 37 million for financing the expansion of the Kiyikoy wind project in the northwest of Turkey. The European Bank for Reconstruction and Development (EBRD) has approved a loan worth USD 37 million giving a boost to renewable energy production in Turkey by financing the expansion of the Kiyikoy […]

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Total to Buy 50% Stake in Adani’s Solar Portfolio for About USD 510 Mn

In a bid to extend its long term partnership to renewables portfolio, Adani Group on Thursday entered into binding agreement to sell its half of the stake in solar energy assets for about USD 510 million to Total Gas & Power Business Services SAS (Total). As per the deal, Total will acquire 50 percent stake […]

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TGC Gets Financing for 70 MW New York Community Solar Portfolio

TGC has closed on $42.8 million in debt financing and $41.1 million in tax equity financing for a 70 MW community solar portfolio located in New York State. True Green Capital Management (TGC), a specialized energy infrastructure asset management firm, today announced that its has closed on USD 42.8 million in debt financing and USD […]

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Maldives Invites Applications for 21 MW World Bank Backed Solar Projects

Maldives has announced its largest renewables project so far, inviting bidders to submit applications to install 21 MW solar systems on its 6 major islands. The Island nation of Maldives has announced its largest renewable energy project so far, calling interested parties to submit applications for the pre-qualification to install 21 MW grid-tied solar PV […]

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Vestas Sees Revenue of €12.1 Bn in 2019, Projects Over €14 Bn for 2020

Vestas has issued its financial results for the year 2019 reporting that for the full year revenue amounted to EUR 12.1 billion Vestas has issued its financial results for the year 2019. For the full year 2019, revenue amounted to EUR 12.1 billion, with the EBIT margin before special items were 8.3 percent, and total […]

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Soltage and Basalt Enter Oregon Market With 40 MW Solar Portfolio

Soltage and Basalt managed funds have announced their entrance into the Oregon power market with a 40 megawatt (MW) solar portfolio. Soltage, a leading independent power producer, and Basalt managed funds have announced their entrance into the Oregon power market with a 40 megawatt (MW) solar portfolio. The first 10 MW solar facility was energised in December 2019 and the remaining 30 MW capacity is […]

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Vikram Solar Hires Inox Wind’s Saibaba Vutukuri as New CEO

In a significant development, country’s one of the leading solar module maker Vikram Solar on Wednesday said that it has appointed Saibaba Vutukuri as its new Chief Executive Officer (CEO). After Vutukuri’s appointment, Gyanesh Chaudhary, who was earlier holding the post of Managing Director and CEO of Vikram Solar, will remain as the company’s Managing […]

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