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IberBlue Wind Constructing 2 GW Offshore Wind on Spain-Portugal Border

Iberian peninsula focused joint venture firm IberBlue Wind will be developing its first cross-border offshore wind project on the Spanish-Portuguese border. The total capacity of the wind projects will be 1.96 GW and spread over an area of 530 square km. Juan Sebastián Elcano and Creoula wind farms – the two upcoming projects – will […]

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Ryse Energy Raises $15 Million in Growth Capital Round

Global decentralized renewable energy systems provider Ryse Energy, has said that it has raised a $15 million growth funding round. The firm claims to have sold or installed more than 4,000 units of decentralized renewables worldwide. Ryse Energy said that the funding round was led by RWE Energy Transition Investments, an investment vehicle of RWE […]

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Mitsubishi Signs $692 Million Loan Agreement for Laos Wind Project

Mitsubishi Corporation has announced that it has signed a $692 million financing package for the Monsoon cross-border wind power project in Laos with the Asian Development Bank, Japan International Cooperation Agency, Sumitomo Mitsui Banking Corporation, and other lenders. This has been done with other project sponsors. Mitsubishi had previously announced that it was involved in […]

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496 MW Wind Project in France Reaches FID and Construction State: Ocean Winds

Renewable energy developer Ocean Winds has announced that a $2.5 billion final investment decision (FID) has been taken regarding an offshore wind energy project in France. Ocean Winds, Sumitomo Corporation, Banque des Territoires and Vendée Energie who form ‘Eoliennes en Mer des îles d’Yeu et de Noirmoutier’ (EMYN) have made the announcement about the Îles […]

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KSEB Gets Nod for KfW Funding for Green Energy Corridor Projects

The Kerala State Electricity Board (KSEB) has received the green signal from the German development bank, KfW, for securing a loan for the Green Energy Corridor (GEC) project that it is implementing. The signatories of the pact will be the State government, KSEB and KfW. It may be recalled that the Central government and KfW […]

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Europe Slips Up, Again, On Meeting Climate Goals

Two contrasting reports have dominated the renewable energy landscape of Europe this week: One, the European Union policymakers have agreed to double the renewable use by 2030 through massive RE installations. Two, a WindEurope report finds that Europe has invested lowest in offshore wind since 2009 in 2022, a mere EUR 17 billion in new […]

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Suzlon Onboards J P Chalasani as Chief Executive Officer

A firm that provides clean energy solutions, Suzlon Energy has onboarded J P Chalasani as its CEO. The appointment follows the resignation of Ashwani Kumar attributable to personal reasons. Chalasani had served as the Group Chief Executive Officer of Suzlon from April 2016 to July 2020, following which, he stepped into the role of Strategic […]

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Nordex Group Bags 106 MW Lithuanian Wind Turbine Order

German wind turbine maker and seller, Nordex Group has announced that it has signed a contract with renewable energy developer E energija group for the supply and installation of wind turbines for a 106 MW wind project in Lithuania. Nordex Group said that the contract was signed March end. The order includes supply, delivery, and […]

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Google to Buy Wind Energy from Ørsted for US Datacenters

In a quest to step-up the decarbonisation of its activities, tech giant Google has signed a 150 MW PPA with Danish energy major Ørsted for the purchase of renewable energy generated by Helena Wind Farm for the next 15 years. The Ørsted wind project was commissioned last year and provides low-cost electricity to the South […]

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