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Iberdrola Secures €550 Million Loan For Renewable Projects In Spain

Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […]

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First Solar Signs Global Supply Agreement With Akuo Energy For 500 MW

US-based solar module manufacturer, First Solar has announced a new renewable energy Global Supply Agreement with Akuo Energy, a France-based independent global renewable energy player. Through this agreement, First Solar will supply 500 MW of thin film PV solar module to Akuo Energy. As per the Agreement, First Solar will provide 200 MW for a […]

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German Bank KfW Will Lend Colombia $203.8m For Green Energy Transition

Germany will lend Columbia about USD 203.8m in two stages to help the latter achieve green energy transition and become energy-independent. According to a report, Germany’s state owned development bank KfW has released a statement that it will facilitate the loan transfer so that Columbia can rollout renewable energy projects. KfW executive Christiane Laibach has […]

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MasTec to Acquire Infrastructure and Energy Alternatives (IEA)

MasTec and Infrastructure and Energy Alternatives (IEA) have announced signing an agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction. Each IEA share is valued at $14.00. The official statement of MasTec said that the transaction has been unanimously approved by the Boards of Directors of both […]

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Solar Energy Corporation Extends Deadline For One EV Captive Charging Station

Recently, Solar Energy Corporation of India (SECI) has extended its Deadline for the bid submission deadlines for its one EV Captive Charging Station on the premises of NCRTC, by a further period to August 10, 2022.  The tender had first been released on June 24, 2022. This EV Captive Charging Station tenders include Supply, Erection, […]

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Omkareshwar Floating Solar: RUMSL Invites Bids for Phase 2 of 300 MW

Following the successful conclusion of it’s phase I tender for 300 MW, Rewa Ultra Mega Solar (RUMSL) has initiated proceedings for phase 2. The plans for 600 MW  floating solar power project in Madhya Pradesh’s Omkareshwar Reservoir seem to be progressing well to make it among the largest floating solar projects worldwide in time. This […]

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MSEDCL Gets Approval For 14 MW of Solar Projects Under PM-KUSUM

Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has received permission from the MERC for the adoption of tariff for long-term power procurement from 14 MW solar projects selected through a competitive bidding process that was launched for 500 MW of solar projects in the state.  These solar projects will be installed under Section 63 of […]

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Electrolux, SolarizEgypt to Cooperate In Solar Sector in Egypt

World’s leading manufacturer and supplier of electrical appliances, Electrolux has announced  entering into an agreement with SolarizEgypt for the establishment of a solar power plant at its factory. Electrolux said that the renewable energy will be utilized to produce washing machines, refrigerators, Delta electric water heaters, and stoves. As per the official statement, the pact […]

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Kerala Electricity Board Awards Hero Future Energies 10-MW Battery Storage Project

Delhi-based renewable energy developer and the renewable arm of the Hero Group, Hero Future Energies (HFE), claimed last week that it has “emerged as a successful bidder” in the tender floated by the Kerala State Electricity Board (KSEB). The tender was for the construction of a 10 MW grid-connected energy storage plant in the state. […]

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