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Global Power Industry Contracts Slip 9% in Nov

The global power industry contracts activity saw a decline of 9 percent with 269 contracts announced in the month of November this year, against the last 12-month average of 296 contracts, as per the GlobalData. According to the data and analytics company, Asia-Pacific secured the top position with 91 contracts and 33.8 percent share during […]

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New Report Shows Potential of Renewable Energy in Refugee Settlements

On-site renewable energy solutions can cost-effectively supply refugee communities with low-cost, reliable electricity, according to a new report On-site renewable energy solutions can cost-effectively supply refugee communities with low-cost, reliable electricity, according to the findings of a new report by the International Renewable Energy Agency (IRENA) in cooperation with UNHCR, the UN Refugee Agency. There […]

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Alternet Systems $100 mn E-Mobility Investment Campaign Gains Momentum

Alternet Systems has a new interest in its USD 100 million investment campaign to fund regionally specific electric mobility technology R&D and production Alternet Systems, Inc. (ALYI) has announced a new interest in the company’s recently announced USD 100 million investment campaign to fund regionally specific electric mobility technology research and development and production. The […]

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EDP Invests $3 mn in Rensource for Promoting Expansion in Nigeria

EDP will invest USD 3 million in Rensource, a company that develops and manages decentralized solar energy systems, to support its expansion in Nigeria. The EDP Group has announced that EDP Renewables (EDP Renováveis) will invest USD 3 million in Rensource, a company that develops and manages decentralized solar energy systems, to support its expansion in Nigeria. […]

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BEST Tenders for 200 Electric Buses in Mumbai Under FAME-II

BEST has issued a tender for 200 MIDI Electric Buses in the city of Mumbai and its extended suburbs on a GCC model under the Fame Scheme Phase II. The Brihan-Mumbai Electric Supply & Transport Undertaking (BEST) has issued a tender, inviting bids from eligible firms for the public transport of 200 MIDI Electric Buses […]

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Cabinet Approves MoU With Saudi Arabia for Cooperation in Renewables

The Union Cabinet has approved the MoU signed between MNRE and Ministry of Energy of the Kingdom of Saudi Arabia for cooperation in the field of Renewables The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) signed between the Ministry of New and Renewable Energy (MNRE) of the […]

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IFC Invests in BT Leasing to Boost Sustainable Energy Finance in Romania

IFC is providing EUR 18.5 million in financing to BT Leasing to increase access to finance for SMEs and sustainable energy projects in Romania The International Finance Corporation (IFC), a member of the World Bank Group, is providing EUR 18.5 million in financing to BT Leasing Transilvania to increase access to finance for small and […]

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Enel Green Power Connects 4 Wind Farms in Spain Worth 98 MW

Enel Green Power España, Endesa’s renewable energy subsidiary, has connected 4 wind farms to the grid in Spain, with a total capacity of 98 MW Enel Green Power España (EGPE), Endesa’s renewable energy subsidiary, has connected the El Campo, La Estanca, Loma Gorda and Santo Domingo de Luna wind farms to the grid in Spain. […]

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Electric Pickup Truck Startup Rivian Closes $1.3 Billion Funding Round

Rivian has announced that it has closed a funding round of USD 1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price. Michigan-based electric pickup truck startup Rivian has announced that it has closed an investment/ funding round of USD 1.3 billion. The financing was led by funds and accounts […]

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