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renewable energy investment

Iberdrola Commences Work on $340 million Spanish Solar Plant

Spanish utility Iberdrola has commenced work on a 500-megawatt (MW) solar photovoltaic power plant in Badajoz, Spain. It is its first PV project in Europe. The facility, Iberdrola’s first photovoltaic plant in Europe, will use 1.5 million panels spread across a 1,000-hectare site. The company will invest around 300 million (US$340 million) euros in its development. Iberdrola […]

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China’s Ambitious Solar Power Space Project is a bet on the future

China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […]

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ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada

The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030.  The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […]

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AfDB Pledges $25 Bn to Climate Finance For 2020-25

Key Bank projects include the co-financing of the 510 MW Ouarzazate Solar Complex in Morocco, one of the largest solar complexes in the world. The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said […]

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First Bids Under IL&FS Asset Monetisation Expected Soon

The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […]

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GE to Modernise Rajasthan’s Transmission Grid

GE will modernise the Rajasthan Transmission Grid with First-of-Its-Kind Advanced Grid Management Project in India, becoming the first state to implement game-changing power transmission technology. GE Renewable Energy’s Grid Solutions business today announced that it has been awarded a technology-driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL) as part of the […]

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Hanergy Launches Netherland’s Largest Thin-Film Solar Power Industrial Park

The 11.4 MW park spans across 22 hectares and aims to produce annually the electricity equivalent for 3,500 households in the Netherlands. The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group, has officially launched Roodehaan solar park in Groningen, Netherlands, generating power equivalent for 3,500 households annual consumption in the Netherlands. The event […]

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Hanergy’s Thin Film Solar Panels to Assist in Antarctic Meteorology Research

Hanergy’s thin-film solar panels will be utilized in the equipment and observation station in the Antarctic region which will aid the meteorology research. The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group (00566.hk), sustains its grandeur in the industry. As per the recent development, the clean energy giant has signed an […]

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World Bank and AfDB Commit $ 47 billion For African Climate Finance

The World Bank and the African Development Bank have together committed close to $47 billion to African countries, for the period up to 2025 to fight climate change. In a significant announcement to provide much-needed financing for African countries likely to face the increasing effect of climate change, the funds’ pipe from the World Bank […]

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