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AfDB Approves $25 Mn Fund For Renewable Energy Projects in Africa

The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects. The African Development Bank Group (AfDB) has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy […]

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UAE’s Yellow Door Energy Raises $65 Million

The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […]

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Corporate Clean Energy Buying Surged to New Record in 2018 : BNEF

Corporations bought a record amount of clean energy through power purchase agreements (PPA) in 2018, shattering the previous record set in 2017 a new report by BNEF found.   BloombergNEF has revealed in its 1H 2019 Corporate Energy Market Outlook, that around 13.4 GW of clean energy contracts were signed by 121 corporations in 21 different […]

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Volkswagen Will Convert its Components Plant to Develop EV Charging Stations

The planned transition to e-mobility will allow the plant to accomplish the urgently needed transformation and will contribute to safeguarding employment and sustainably strengthening the financial situation of the Hanover components plant. Volkswagen Group has announced that it plans to start mass production of flexible and fast electric vehicle charging stations by 2020, and the […]

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Gujarat Frames Land Policy for Renewable Energy Projects

A total area which can accommodate 30,000 MW of renewable energy will be sanctioned for these parks, with each park large enough to install a minimum of 1,000 MW. Gujarat has released its land policy for renewable energy projects, which seeks to set up wind parks and wind-solar hybrid parks in the state, similar to […]

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Rooftop Solutions Provider ZunRoof Raises Third Round of Angel Funding

Cleantech startup Zunroof has raised its third round of angel funding, looking to double its business in 2019. Gurgaon-based Rooftop Solar solutions provider Zunroof has announced that it has raised an undisclosed amount in its third round of angel funding from Livspace founder Ramakant Sharma and Arun Diaz of IntelleGrow, along with lead investors off […]

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Growth in Renewable Energy Investment Slowing Due to Grid Limitations: IEEFA

An investment of US$ 60-80 billion will be needed in the next five years to keep pace with growing generation capacity. A brief report by the Institute for Energy Economics and Financial Analysis, authored by Tim Buckley and Kashish Shah has revealed that India’s grid transmission infrastructure needs urgent modernisation to not limit the growth […]

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EESL Roundtable For Enabling an Ecosystem For Trigeneration in India

Trigeneration enhances operating efficiency of an industrial application by at least 60 percent, saving industries and institutions about 30-40 percent in operating energy costs and reducing greenhouse gas emissions by up to 30 percent. The Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, hosted a […]

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Leap Green Inks Rs 1700 Cr MoU with Tamil Nadu Govt for 250 MW Wind Project

The MoU was signed between the Government of Tamil Nadu and Rajeev Karthikeyan, Founder and MD of Leap Green Energy during the 2nd Global Investors Summit. Tamil Nadu-based renewable energy company Leap Green Energy has signed an agreement with the state government for generating 250 MW from a wind power plant project. The Memorandum of […]

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