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RE developers

Vestas Joins 9GW Floating Wind Farm Development in South Korea

According to a statement released by the South Korea’s Ulsan City Government, a Memorandum of Understanding (MoU) has been signed between Vestas – the Denmark based leading wind turbine manufacturer – and Ulsan City Administration, Ulsan Port Authority and Sejin Heavy Industries & Construction meant to foster cooperation between the parties for the development of […]

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MNRE Amends Guidelines for Hybrid Projects

The Ministry of New and Renewable Energy (MNRE) has issued an office memorandum, modifying guidelines for the tariff based procurement from Wind and solar hybrid projects. These guidelines had originally been released on October 14, 2020, and amended subsequently on July 27, 2021. The purpose behind such hybrid projects is to seek RTC (Round the […]

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Netherlands to Float 1.4GW Offshore Wind Energy Tenders

The Netherlands has announced that it will soon invite bids for the development of two new offshore wind farms with a total capacity of 1400MW. The new projects will be based in the North Sea. On March 9, the Dutch Government published regulations with details about the procedure in the Government Gazette. As per the […]

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US Solar manufacturers raise potential of 30GW mfg capacity for Biden Administration

It seems to be the season for solar manufacturers across countries to expect more. After India, it is the Solar Energy Manufacturing for America (SEMA) Coalition that sent a letter to President Joe Biden requesting the United States President to enact policy solutions basis so that the domestic solar manufacturing can sustain in the long […]

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Macquarie Acquires France based Reden Solar for $2.7 Billion

In a major development in the RE sector, France’s independent power producer (IPP) Reden Solar has been acquired by a consortium led by Macquarie Asset Management for an enterprise value of $2.7 billion. Reden Solar is one of the leading developers, builder and operator of solar photovoltaic (PV) power plants from France. At present the […]

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AMP Energy Hires Kapil Kasotia As COO, (Wind Hybrid and Storage)

Amp Energy India, a leading renewable energy company has hired Kapil Kasotia as Chief Operating Officer (COO- Wind, Hybrid & Storage) in line with its growth in providing renewable energy solutions through wind, hybrid and storage. With a total portfolio of about 1.5GW+ spread across 15 states in the country, AMP energy is a key […]

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US solar real estate invt fund closes on $100 mn solar lease securitization

SolaREIT, a US solar real estate investment fund, has closed on a $100 million securitization of solar leases with Nuveen. The expansion will significantly increase access to low-cost capital in the commercial and mid-sized solar development sector, including community solar, its official statement said. SolaREIT’s land financing options, including the “Pre-Paid Solar Land Lease”, allow […]

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Powin Energy to Supply 800MWh Battery Storage to Borrego

Borrego, a leading solar PV and energy storage developer based in America, has signed an agreement with Oregon-based Powin Energy to supply the battery storage systems worth 800MWh. Borrego had traditionally dealt in operations and maintenance (O&M) and engineering, procurement and construction (EPC) segments of the renewable energy business. It’s better known in the industry […]

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