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Could Ørsted Come for Solar And Storage in India?

Ørsted , formerly DONG ( Denmark Oil and Natural Gas) was a typical energy firm a decade back, primarily making its money from oil, coal, and natural gas. Now, it has been voted the world’s most sustainable firm. How did that happen? The accolade of the world’s most sustainable firm for Ørsted , while a […]

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UPS Invests in Arrival, Commits to 10,000 Electric Delivery Vehicles

UPS Ventures has completed a minority investment in Arrival, and also announced a commitment to purchase 10,000 electric vehicles United Parcel Service or UPS, an American multinational package delivery and supply chain management company has announced that its venture capital arm, UPS Ventures, has completed a minority investment in Arrival, which makes electric vehicle (EV) platforms and purpose-built […]

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Siemens, AT&T, Amazon, IKEA Join New Alliance to Accelerate EV Transition

Major companies continue to join the new corporate electric vehicle (EV) alliance, led by sustainability nonprofit organization Ceres, formed to help companies accelerate the transition to e-vehicles. The member companies of the alliance include Amazon, AT&T, Clif Bar, Consumers Energy, DHL, Direct Energy, Genentech, IKEA North America, LeasePlan, Lime, and Siemens. These member companies operate some of the largest fleets in the US. Among them, few […]

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Electricity Procurement Contracts Down 11% in December 2019: Report

Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to a new database. Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to GlobalData’s power […]

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Altus Power Raises USD 850 Million to Expand Solar Portfolio

Altus Power has announced that Blackstone has led a recapitalisation with USD 850 million to refinance the existing capital structure and fund future development Altus Power America, a market-leading solar power company that provides clean electricity to commercial, industrial and municipal clients across the US, has announced that Blackstone, through its GSO Capital Partners LP and Blackstone Insurance Solutions groups, has […]

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Brookfield Renewables Submits Proposal to Acquire TerraForm Power

Brookfield Renewables has announced that it has made a non-binding, all-share proposal to acquire the outstanding shares of TerraForm Power Brookfield Renewables Partners has announced that it has made a non-binding, all-share proposal to acquire the outstanding Class A common shares of TerraForm Power, other than the 62 percent owned by Brookfield Renewable and its […]

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Lightsource BP Secures Tracking Equipment for 1.5 GW Solar Projects

Lightsource BP has announced the purchase of approximately USD 100 million in tracking equipment for over 1.5 GW of large-scale solar projects in the US. Lightsource BP, a global solar leader, has announced the purchase of approximately USD 100 million in equipment from Array Technologies, an industry leader in reliable solar tracking solutions. The investment […]

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Chakratec, Blink Charging Partner for Affordable EV Charging Tech in US

With an aim to bring robust DC fast charging solution to the United States regardless of the location’s existing power grid capabilities, Israeli startup Chakratec is partnering with Blink Charging, a leading owner and operator of electric vehicle (EV) charging stations in US. Also, this project has received the approval of the Israel-US Binational Industrial […]

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