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World Bank

US Makers Face Challenges From Cheap Chinese Solar Products: Report

A recent report by SEMA collation on the state of US PV solar manufacturing discussed the importance of developing a domestic solar manufacturing supply chain in the United States. The report discussed the steps required to reduce dependency on foreign sources, particularly China, and to strengthen the country’s position in clean energy. The report shared […]

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SIDBI Secured $24.5 Mn from Green Climate Fund For Maiden Climate Project

Small Industries Development Bank of India (SIDBI) has secured $24.5 Mn from Green Climate Fund (GCF) for its maiden anchored sustainability and climate focussed fund Avaana Sustainability Fund (ASF). The development came during the 38th meeting of the GCF Board in Kigali, Rwanda on March 6, reported the news agency PTI. The Green Climate Fund […]

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Adani Green Operationalizes First 1 GW Of 30,000 MW Khavda RE Park

Adani Green Energy Limited (AGEL), the green developer arm of the Adani group, has operationalized cumulative capacity of 1 MW solar energy at the world’s largest RE park at Khavda, Gujarat. With this, AGEL has achieved operational capacity of 9,478 MW and continues its journey to the stated goal of 45,000 MW by 2030. AGEL […]

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Recurrent Energy Gets Financing for 119 MW Solar Project in Mexico

Recurrent Energy, a subsidiary of solar and energy storage assets company Canadian Solar Inc. announced that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico. Recurrent owns 49 percent of the Horus Solar project, while Korea Electric Power Corporation (KEPCO) and Sprott own 15 percent […]

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Arevon Secures $1.1 Billion Funding For California Solar And Storage Project

US-headquartered renewable energy developer Arevon Energy has announced that it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatts (MWdc) solar project coupled with 150 MW/600-megawatt hours (MWh) of energy storage is under early-stage construction and is anticipated to come online […]

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Malta Becomes 119th Country To Join International Solar Alliance

International Solar Alliance (ISA) recently announced Malta as the 119th country to join the grouping. India welcomed Malta as a member country. Permanent Secretary of Foreign Affairs Ministry, Malta, Christopher Cutajar signed the ISA Framework Agreement in the presence of Head of Depository and Joint Secretary (Economic Diplomacy), Abhishek Singh in New Delhi. ISA is […]

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Vikram Solar Secures Spot In BNEF Tier 1 Global Module Makers List

Solar module manufacturer Vikram Solar announced that it has once again achieved Tier 1 status in BloombergNEF’s prestigious global module manufacturers list adding, “This recognition underscores the company’s enhanced efficiency, bankability, and production of high-quality products.” BNEF stands as a reputable industry research organisation in the field of new energy, recognised for its credibility and […]

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CIP’s Haewoori Offshore Wind Awards 1 GW Contract To Principle Power And Aker Solutions

Norway-based renewable energy company Aker Solutions has been awarded a front-end engineering and design contract for Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s floating offshore wind projects off the coast of Ulsan, Korea. According to the press release, Aker Solutions will coordinate the design and delivery of the floating foundation structures […]

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Floating Offshore Wind: Aker Solutions, Principle Power Get 1 GW Contract

Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s (CIP) floating offshore wind projects off the coast of Ulsan, Korea have awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for the floating foundations. As part of the scope, Aker Solutions will coordinate the design and delivery of […]

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