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Japan’s JERA and France’s ADEME, IDEOL Team Up to Form 2 GW Floating Wind Farm JV

Japan’s largest utility company JERA said that it has agreed with French state-owned investment firm ADEME Investissement and Ideol, France’s leading floating offshore wind technology company, on the key terms for establishing an investment vehicle to develop a floating offshore wind farm. Through this joint venture, the three companies aim to establish an investment vehicle […]

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Smart Meters Help TPDDL to Raise 3.5 Lakh Bills with Actual Readings amid Lockdown

With the help of smart meters installed at the customers’ premises, Tata Power Delhi Distribution Ltd (Tata Power-DDL or TPDDL), the distribution arm of Tata Power and Delhi Government, has managed to raise 3.5 lakh bills with actual readings instead of provisional ones amidst lockdown period between April and May 2020. Through the installation of […]

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Funding For Renewable Energy Software Development- Clir Raises C $1.7M

Vancouver, Canada based Clir Renewables has announced a Canadian $ 1.7 million debt funding from In yet Silicon Valley bank. The funding dives home just how critical software is becoming to managing and assessing renewable energy performance, as tools like AI, 5G and more make an entry in ever larger ways. Clir invests in expanding […]

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Renewable Energy Certificate Sales in May Slip Over 55% to 3.33 Lakh

The sale of renewable energy certificates (RECs) during the month of May 2020, has dropped significantly by more than 55 per cent to 3.33 lakh units. As per the official data, 7.5 lakh of renewable energy certificates were sold in the same month a year ago. REC is a type of market-based instrument, and after generation of 1 […]

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Greenbacker Acquires Energy Storage System Portfolio From Stem

Greenbacker Renewable Energy has purchased the rights to a 7.9MW /16.5MWh portfolio of 16 operating and to-be-constructed energy storage systems from Stem Greenbacker Renewable Energy Company has announced that on June 9, 2020, through a wholly-owned subsidiary, it purchased the rights to Pacifica Storage LLC, a 7.9MW / 16.5MWh portfolio of sixteen operating and to-be-constructed […]

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Renewables Contributed Largest Increase in Energy Terms on Record in 2019: BP

BP plc has issued its Statistical Review of World Energy, revealing that renewables contributed their largest increase in energy terms on record during 2019 BP plc, a multinational oil and gas company headquartered in London, has issued its 69th annual edition of the bp Statistical Review of World Energy (bp Stats Review). The report found […]

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MoP may Consider Extending ISTS Charges Waiver beyond 2022: RK Singh

RK Singh has said the MoP may consider extending beyond 2022 the waiver of Inter-state Transmission System (ISTS) charges for renewable energy projects. Union Power Minister RK Singh has said that the power ministry (MoP) may consider extending beyond 2022 the waiver of Inter-state Transmission System (ISTS) charges for renewable energy projects. Last year in November, the ministry had extended […]

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Fluence Secures 2,300 MWh Orders for 6th-Gen Energy Storage Technology from Key Customers

Fluence, a leading energy storage technology solutions provider, has on Tuesday unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software and data-driven intelligence. The company claimed that this new technology will change the way energy storage systems are built and operated by making them simpler, safer, faster and more cost-effective to deploy […]

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