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renewable energy investment

Turkey Reaches 10 GW Wind Energy Milestone: WindEurope

Turkey reached 10 GW of wind energy installations, a significant achievement for the country, according to WindEurope. It means that Turkey managed to increase its wind energy capacity tenfold over the last 10 years. Over that period, Turkey has seen considerable diversification of its energy mix, in particular through the expansion of renewable generation capacity. […]

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Power Sector PSU’s Get Strong Backing To Push For Renewables

Yesterday, (September 8) at a meeting to discuss the action plan for enhancing the investment by power sector CPSEs (Central Public Sector Undertakings) in renewable energy projects under the Chairmanship of R.K Singh, Union Minister of Power & NRE yesterday representative of all Hydro CPSEs, NTPC Ltd., MNRE and SECI came in. Key decisions were […]

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Toyota Plans $13.5 B Investment in EV Battery Tech by Decade End

Japanese auto major Toyota Motor is planning to spend over $13.5 billion by 2030 to develop batteries and its battery supply system, aiming to head technological developments over the next decade, revealed an online briefing on batteries and carbon neutrality. The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, […]

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Ayana Renewable, Greenstat Hydrogen Sign MOU For Hydrogen Development In India

Ayana Renewable Power, a renewable energy platform majority controlled by National Investment and Infrastructure Fund (NIIF), focuses on development of utility scale renewable projects in India. Ayana’s vision is to be the lowest cost renewable energy producer which utilizes technology to maximize value creation. Ayana and Greenstat Hydrogen India, a Norwegian energy organization, recently signed […]

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Wind Energy Accounted for 42% New U.S. Capacity in 2020

More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […]

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South Africa’s Eskom Plans $7.2 B Investment in Wind & Solar

South African electricity public utility Eskom Holdings SOC Ltd. is planning to invest 106 billion rand, or $7.2 billion, in wind and solar power by the end of the decade. Eskom, which accounts for two-fifths of the nation’s greenhouse gas output, may execute its plan either independently or through a partnership. A few months ago, South […]

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Siemens Energy to Build Green H2 Industry in Egypt

German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […]

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Storage Integrator FlexGen Bags $150 M Investment from Apollo Funds

Apollo Global Management, an alternative asset management group, has announced a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the US and globally. Apollo’s investment will be made in partnership with FlexGen’s existing investors, Altira Group and the founding investment group led […]

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Gravity based Energy Storage Startup Energy Vault Announces $100 Million Funding

Energy Vault, the firm behind gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding.  We had covered the firm’s series B funding back in 2019. The newest investment round is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank […]

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