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renewable energy investment

Shanghai Electric, ACWA Power to Co-develop Global Solar Projects

Zheng further said that, his group plans to invest more in the region over the next several years. With an aim to further expand its footprints into Belt and Road initiative countries, Chinese firm Shanghai Electric has entered into a pact with Saudi Arabia’s ACWA Power for global clean energy projects. The move will also help Riyad-headquartered […]

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World Bank Approves $200 Mn Regional Off-Grid Electrification Project 

The World Bank Group has approved the Regional Off-Grid Electrification Project (ROGEP) to help expand off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region. The Board of the World Bank Group approved  the Regional Off-Grid Electrification Project (ROGEP), which includes $150 million in the form of credit and […]

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Hero Future Energies and IFC to Invest $243.3 Mn in Rajasthan Solar Project

The project will be supported by the World Bank’s  International Finance Corporation (IFC), which will invest around $43.3 million (Rs 300 crore). Hero Future Energies Global (HFE), the clean energy arm of the Hero Group has revealed its plans to invest close to $200 million (Rs 1404 crore) for its latest solar project in Rajasthan. The company […]

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JinkoSolar Supplies 100 MW Modules For Vietnamese Solar Projects

JinkoSolar, one of the leading solar module manufacturers based out of China, has announced that it has supplied 100MW of high efficient solar modules for the Srepok 1 and Quang Minh Solar Power Plant Complex, one of Vietnam’s largest solar power projects. The project is located in Buon Don district in the Central Highlands province […]

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Iberdrola Posts First Quarter Profit Increase of 15 Percent

The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […]

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Expanding its Global Presence, Growatt Sets Up Service Centre in Brazil

Growatt, a leading Chinese inverter manufacturer has set up its Brazil Service Center in Mogi das Cruzes to expand its global presence. The expansion falls in line with the solar PV installations in Brazil. Solar capacity additions in the recent years have drastically increased in the South American nation, with 371.9 MW capacity added in […]

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India’s Road Towards EV Adoption…

When it comes to Electric Vehicles (EVs), India would certainly seem to be playing catch up with the rest of the world. Consider the fact that in China, they have already started worrying about a mini-bust in the sector, thanks to the huge number of startups and major players who have jumped in. Thus, even […]

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ISA spreads out. To take Reinvest Global with Sun World Name

The International Solar Alliance (ISA), India’s biggest global multilateral initiative ever that is also headquartered in India, is set to spread out globally, with RE-Invest the flagship ministry event moving out under it to Peru this year. The Re-Invest Event completed its second edition in October last year, when it was held near the capital […]

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Europe Invested EUR 27 Billion in New Wind Farms Last Year

Europe invested EUR 27 bn in new wind farms in 2018, which will finance a record amount of future new wind energy capacity. According to WindEurope’s annual Financing and Investment Trends report, the amount invested is similar to previous years. But, with cost reduction, especially in the offshore wind segment, the investments will finance a […]

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