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renewable energy investment

RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA

Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […]

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Why So Slow? JP Morgan Energy Paper Seeks To Answer The Question

The asset and wealth management arm of JP Morgan Chase & Co. Has released its annual energy paper, “Eye on the Market,” which examines current trends on the ground every year as the fourth great energy transition unfolds. The 11th edition of this paper zero’s in on one question: Why is the transition taking so […]

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Sri Lanka To Increase Rooftop Solar Investments, Cease Fresh Coal Plants

After announcing its 2030 goals of achieving 70% electricity through renewables, Sri Lanka is now accelerating its investments in rooftop solar and planning to rule out new coal power investments.  Sri Lanka‘s renewable energy sources currently are primarily HydroPower, which accounts for 35% of its electricity from renewables in 2019. The country has total generation […]

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IKEA To Start Selling Renewable Electricity To Swedish Households

IKEA, which started selling solar panels and other equipment at its stores sometime back, is now moving into direct electricity selling too. Under the plan that the global retailer of furniture and other items has announced, IKEA’s solar panel producer, Svea Solar will be buying renewable electricity on the Nordic power exchange Nord Pool and […]

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US Distributed Energy Major Nexamp Closes $680 million Fund Raise

Nexamp, which has a focus on distributed solar and storage systems, has secured a $240 million equity investment led by Generate Capital. The company also recently raised $440 million in debt financing, bringing its total new funding to $680 million. The new funding will accelerate Nexamp’s ability to offer a flexible range of decarbonization options for customers, expanding its […]

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100 GW Renewable Energy Milestone Achieved, Much Work Ahead In India

In self-congratulatory messages sent out yesterday, Power Minister R.K. Singh highlighted the key milestone of 100 GW of renewable energy capacity, excluding large Hydro, that has been reached in India. After including large Hydro, the number goes right up to 146 GW. According to India’s power ministry, India now stands at fourth position after China, […]

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CleanMax Gets ₹1,650 Cr Equity Investment from Augment Infrastructure

Mumbai-based clean energy company CleanMax Enviro Energy Solutions Pvt. Ltd. has revealed that US investment firm Augment Infrastructure will acquire a majority stake in it for Rs 1,650 crore. Augment is purchasing the existing stake of Yellow Bell Investment Ltd (an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing) […]

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Ather Energy Offers its Patented Fast-charging Tech to Rival EV Makers

Bengaluru-headquartered EV manufacturer Ather Energy will soon offer its proprietary charging connector to other original equipment manufacturers (OEMs) for their two-wheelers, aiming to pave the way for an interoperable two-wheeler fast charging platform for the country. This would not only reduce range anxiety by allowing all scooters to access Ather Energy’s 200+ fast chargers, but also […]

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Reliance Joins Bill Gates, Paulson To Pump $144 M Into Energy Storage Firm Ambri Inc

Reliance New Energy Solar Ltd (RNESL), Bill Gates, Japan Energy Fund and a few other strategic partners are investing $144 million into US energy company Ambri Inc to help it commercialize and grow its daily cycling, long-duration system technology, and build a domestic manufacturing facility. “This financing supports the commercial growth of our company and technology,” said Dan […]

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