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Chemical Czar LyondellBasell Signs PPAs for 560 MW Renewable Energy

Global chemical conglomerate LyondellBasell has announced that it has signed the first two European renewable electricity power purchase agreements (PPAs) and two additional PPAs in the United States to help decarbonize its operations. The combined additional contracts represent a total of approximately 560 MW of renewable energy capacity. As per the official statement, LyondellBasell has […]

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Navigating India’s Energy Transformation Through JETP Approach

Just Energy Transition Partnership (JETP) was first announced at the CoP26 and has since emerged as a key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. JETPs provide a means for partner countries to work with climate finance donors and private sector investors on a clean, just energy […]

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TotalEnergies Mulls Over 1 GW Of Solar Power Development in 2023

French RE major TotalEnergies will be developing 1 GW of solar power in 2023 as the company has announced that it has reached a new milestone with the signature of 1 GW of green Power Purchase Agreements (PPAs) for self-consumption on the sites of its B2B customers. TotalEnergies calls this performance the result of a […]

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Solar PV Employs More Women Than Other Renewable Energy Options

The clean energy mission  has not only brought hope towards making earth a better space to live but has also provided  millions of jobs, globally. Solar photovoltaic (PV) has emerged to be the leading employer in the renewable energy sector, both in global number of employees and in gender balance. As per reports, the solar […]

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WEC Energy To Acquire 80% Stake In 250 MW Texas Solar Project

US energy conglomerate WEC Energy Group has announced that it has signed an agreement to acquire an 80% ownership interest in the Samson I Solar Energy Center. The investment by WEC Energy Group is expected to total approximately $250 million for the 80% ownership interest. WEC Energy said that Samson I is a 250-MW project […]

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Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time – BNEF

Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called  ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […]

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US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions

Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […]

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Denmark’s Ørsted to Develop Mockingbird Solar Center in Texas

Global clean energy company based in Denmark, Ørsted has said that it has taken a final investment decision (FID) on 471 MW Mockingbird Solar Centre, a solar power plant, in the Texas, the USA. The decision also includes the donation of 1,000 acres of tall grass prairie for the purpose of conservation. The Solar Projects […]

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