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Indigenisation of EV Manufacturing Could be Worth $2.7 bn for India: CEEW

Indigenisation of electric powertrain components and battery pack assembly could produce a value addition USD 2.7 billion for the auto industry in India, in case of an EV transition Indigenisation of electric powertrain components and battery pack assembly could produce a 5.7 percent higher output value addition worth USD 2.7 billion for the auto industry […]

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EIB Invests €100 mn to Support Small Scale RE Projects in Brazil

EIB has announced that it will provide EUR 100m to BDMG to support climate action projects in Minas Gerais, Brazil. The European Investment Bank (EIB) has announced that it will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in Minas Gerais, Brazil. “Private companies and also municipalities will be […]

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Asia Could Become the Dominant Market for Wind Energy: IRENA

Asia could grow its share of installed capacity for onshore wind from 230 GW in 2018 to over 2600 GW by 2050, becoming the global leader in the segment Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report […]

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Spain’s Ingeteam Secures R&D Loan from EIB

EIB will finance Ingeteam’s innovative activities by providing a EUR 70 million Innovation Loan under the Investment Plan for Europe. The European Investment Bank (EIB) will finance the innovative activities at Ingeteam by providing a EUR 70 million Innovation Loan under the Investment Plan for Europe. The goal of the agreement is to support Ingeteam’s research, development […]

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Significant Uncertainty Over Growth of Wind Energy in Europe: Report

There is significant uncertainty over how much wind energy capacity will grow in Europe over the next five years. A new report has revealed that there is significant uncertainty over how much wind energy capacity will grow in Europe over the next five years. WindEurope’s latest ‘Wind Energy Outlook to 2023’ states that if Governments […]

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Urja Global to Raise $500 mn for Financing EVs and Green Projects

Urja Global has received approval from its shareholders for the issuance of a USD 500 million green bonds to finance EVs and green projects Renewable energy firm Urja Global has recently revealed that it has received approval from its shareholders for the issuance of a USD 500 million (Rs 3,500 crore) green bond to finance […]

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Corporate Renewable Purchases Key to Meeting Europe’s RE Target

Europe has set a target that 32 percent of its energy should come from renewable energy by 2030 and corporates can play a big role in meeting this target. Europe has set a target that 32 percent of its energy should come from renewables by 2030, up from 17.5 percent at present. And, corporates are […]

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Hecate Energy Seals 250 MW Solar Energy Agreement With Google

Hecate Energy has announced an agreement with Google to purchase 250 MW solar energy from the company’s 500 MW facility in Texas. Hecate Energy has announced an agreement with Google to purchase 250 MW of clean, renewable electricity from the company’s 500 MW cumulative solar facilities in Texas.   Google had recently announced that it has made […]

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GE Delivers Corporate Wind PPA for Google in Sweden

GE Renewable Energy has announced the signing of a Corporate PPA to sell energy from the Björkvattnet Onshore Wind Farm in Sweden to Google GE Renewable Energy has announced the signing of a Corporate Power Purchase Agreement (PPA) to sell energy from the Björkvattnet Onshore Wind Farm in Sweden to Google. GE Renewable Energy originated […]

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