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renewable energy investment

EBRD Devoted 36% to Green Financing in 2018

It is well on the way to meeting a target of dedicating 40 per cent share of investments to the green economy by 2020. The European Bank for Reconstruction and Development (EBRD) has devoted 36 per cent of its total investments to the green economy in 2018. The bank said in a statement that, it […]

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Indian Railways Looking to Bid Out 4 GW of Solar Projects

In the first phase, the project will produce 6.6 billion units of power. In a bid to become a net-green transporter, the Indian Railways is planning to replace 4,000 MW of coal-fired electricity to run its trains with solar energy from modules deployed on both sides of select electrified tracks in 10 states. The Railway […]

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Google’s Data Centers in Tennessee and Alabama to Run on 1.6 Mn Solar Panels

Located in Hollywood, Alabama and Yum Yum, Tennessee, the two biggest solar farms will be able to produce around 150 megawatts each. In an attempt to match its energy-use with 100 percent carbon-free energy, Google wants the electricity consumed by its new data centers in Tennessee, and Alabama, to be matched with 100 percent renewable […]

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UAE’ Masdar Looking to Develop 100 MW Solar Plant in Bahrain

Bahrain is inviting bids for the construction of a 100-megawatt (MW) solar energy plant to power up its renewable energy production. The island country of Bahrain recently invited bids for the development of a 100 MW solar energy facility. And now the Abu Dhabi Future Energy Company (Masdar) has entered the race to build the […]

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NDMC Becomes First DISCOM in India with 100% Smart Metering

EESL installs 50,000 smart meters enhancing consumer convenience and rationalizing electricity consumption in NDMC area The Energy Efficiency Services Limited (EESL), working under the Ministry of Power announced the completion of its project with the New Delhi Municipal Corporation (NDMC). The project concluded with the replacement of 50,000 conventional electricity meters with smart meters in the […]

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Huawei Supplies 1500V Smart PV Soln for Solar Plant in Saudi Arabia

The plant is expected to be completed in October 2019. Power projects developer ACWA Power has chosen Huawei, as the sole supplier of inverters to integrate FusionSolar 1500V Smart PV Solution, including the SUN2000-90KTL string inverter and cutting edge FusionSolar Smart PV Management System in Saudi Arabia’s first large-scale ground-mounted PV plant. ACWA Power won […]

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Vibrant Gujarat to See RE Deals Worth Rs 50,000 Cr

Gujarat Power Corp Ltd, owned by the Gujarat government, will be laying the foundation stone for one of the biggest solar power park. The 9th edition of the Vibrant Gujarat Global Summit 2019 (VGGS) which is happening from January 18th to 20th, 2019, is expected to witness investment commitment of a massive Rs 50,000 crore […]

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EBRD Issues 600 Mn Euro Green Bonds

The proceeds of EBRD’s bonds are earmarked to support a specific portfolio of environmentally and socially sustainable projects. The European Bank for Reconstruction and Development (EBRD) has issued a five-year 600 million euro ($685 million) green bond, the bank said in a statement. This transaction represents EBRD’s inaugural benchmark Green Bond in the EUR market, […]

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