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renewable energy investment

Masdar Signs Agreement with Kyrgyzstan to Develop 1GW Renewable Projects

The Central Asian economies are looking to diversify their energy basket in order to reduce their carbon emissions and reduce dependence on fossil fuels which are mostly imported. In the latest development, United Arab Emirates based clean energy company Masdar has signed a memorandum of understanding (MoU) with the Ministry of Energy of Kyrgyzstan in […]

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Tata Power Renewables to get Rs 4,000 crore Investment from BlackRock, Mubadala

Tata Power Renewable Energy Ltd has raised Rs 4,000 crore to build a comprehensive platform to achieve its renewable sector ambitions in India. In a statement filed with exchanges, it has shared that a binding agreement has been signed by Tata Power and the BlackRock Real Assets-led consortium under which BlackRock will invest in Tata […]

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Energy company Genneia says it will invest $200 mln in RE parks

Argentine thermal and renewable energy producer Genneia SA said on Monday it will invest $200 million in Argentine renewable energy parks over the next two years, at a time when the country is going through a severe energy deficit that affects its fiscal balance. “Tocota III” solar park, located in the province of San Juan, […]

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As Central Asia’s Fossil Fuels Near Expiry, Time To Look At Renewable Energy

Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan and Kyrgyzstan constitute Central Asia. Out of these, the former three are graced with petroleum resources, while the latter two are endowed with water resources. Electricity generation in these countries has, naturally, long relied on their richness in one or the other of the two resources. The downstream countries tend to […]

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PGCIL to Build Renewable Energy Management Centre in Hyderabad

The Power Grid Corporation of India Limited (PGCIL) Chairman Managing Director K Sreekant has said that PGCIL will establish a Renewable Energy Management Centre (REMC) with 100 per cent grant of Rs 17.6 crore at Vidyut Soudha, Hyderabad. The CMD said that artificial intelligence-based forecasting and scheduling tools will be employed at the Renewable Energy […]

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How are national oil companies tackling energy transition: Woodmac

Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, the energy transition strategies of most NOCs significantly lag those of their leading IOC peers, says Wood Mackenzie. NOCs account for more than half of global oil and […]

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British Intl Invt invests $89 M to scale renewable energy in India

British International Investment, formerly CDC Group, the UK’s development finance institution (DFI) and impact investor, has announced a total commitment of $89 million to scale renewable energy capacity in India. The DFI’s investment is comprised of a Rs 350 crore (US $47 million) follow-on commitment to Fourth Partner Energy, and a Rs 315 crore (US […]

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Karnataka Renewable Energy Policy Approved By State Cabinet

The Cabinet of the State Government of Karnataka has cleared the Karnataka Renewable Energy Policy for the period of 2022-2027, that seeks to maintain the state’s reputation as a renewable energy leader. The policy says that in the next five years, Karnataka will have a renewable power generation capacity of 10 GW. The policy wants […]

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Bulgaria May Add 4.9 GW of Renewable Energy by 2031

According to a draft plan created by the Electricity System Operator (ESO), the transmission authority of Bulgaria, the country is expected to see an increase of 5.9 GW in the overall national power capacity by 2031. Out of this, 4.9 GW is expected to come from renewable sources. The ESO document says that the total […]

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