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renewable energy investment

Uttar Pradesh Gets Investment Proposals Of Rs 4782 Crores For Renewables

The outcome of GBC 3 (third ground breaking ceremony) has been quite fruitful for the state of Uttar Pradesh in the renewable energy sector development and energy transition. In the most recent case, key players have vowed to invest in the renewable energy segment as investment proposals of Rs 4782 crore have come up for […]

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GE Finance takes 49% Stake In Continuum Wind Energy Project In Gujarat

General Electric has declared that it has acquired a 49% stake in the Morjar wind energy project in Gujarat. The official statement says that GE Energy Financial Services and Continuum Green Energy (India) closed the financial deal of GE Energy Financial Services’ acquisition in the Continuum’s developed wind project. Morjar is an onshore wind energy […]

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Solar And Wind Energy Potential Of India May Face Climate Challenge, Finds IITM Study

An analysis published in the Current Science journal reveals that India might fall short of its renewable energy target. And yes, its not the 2022 target of 175 GW, which is certain miss at this stage. The Indian Institute of Tropical Meteorology (IITM), Pune scientists and researchers at Center for Prototype Climate Modeling, New York […]

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Investment Crunch, Discoms Twin Hurdles to India’s 2070 RE target : Moody’s

Moody’s Investors Service said in a report on June 13 that India needs a shift in its energy mix toward renewable energy and improve financial health of state owned distribution companies (discoms) if it is to reach its net-zero emission by 2070. It is worth remembering that in just the Modi government’s tenure, we have […]

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Extending The Net Metering Policy To Energy Storage Devices Will Grow The Market

Sheru, an energy storage startup supports storing energy in the cloud and solves the lack of storage problems by aggregating idle battery capacity to create a virtual energy storage platform. Sheru was started by three friends, Ankit Mittal, Shikhar Sharma, and Nakul Mehan, engineering graduates from  BITS Pilani. Having helped build robotics solutions in India’s first deep […]

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Record US $14.5 b Investment In Indian RE In Last FY

A record US$14.5 billion was invested in renewable energy In India during the last financial year (FY2021-22) registering an increase of 125% compared to FY2020-21. However, that number still needs to be higher to meet the new demands of the renewable capacity target of 500GW by 2030. 15.5 gigawatts (GW) of renewable energy capacity was […]

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Agilitas Energy Raises $350 Million to Expand Renewables & Storage Platform

Agilitas Energy, which claims to be the largest energy storage and solar PV player in the northeastern USA, has announced that it has raised $350 million of equity in a two-tiered investment from funds managed by CarVal Investors. The official statement of Agilitas held that the investment amount may be further upsized to $650 million […]

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Vantage Data Centers Source Green Energy from SolarAfrica

In a significant development, Vantage Data Centers have signed a 20-year PPA with South Africa’s solar energy financing player – SolarAfrica – to enable Vantage to supplement the local grid that powers its Johannesburg (JNB1) data center campus with renewable energy. This investment will further drive the creation of renewable energy in the region by […]

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Despite Positive Results, Renewable Energy In Australia Faces Local Challenges

Community protests are delaying Australia’s efforts to rebuild its overburdened electricity infrastructure, potentially delaying investments in wind and solar farms (Renewable Energy) that would be needed to replace retiring coal-fired power generation over the next 25 years. The continent sized country has long been blamed for going too slow on renewable additions, besides its high […]

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