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Norway’s Norfund Commits Investment In Solar Energy Project in Rajasthan

The Norwegian Climate Investment Fund has said that it has entered into an agreement to take a 49% stake in a 420 MW solar power plant in Rajasthan, India, that is developed by Italy-based energy provider, Enel. With the investment, Norfund has within a short time put a total of NOK 1.8 billion to work […]

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L&T Looks to Invest Upto $2.5 Billion In Green Energy

Engineering conglomerate Larsen & Toubro (L&T) is mulling to invest upto $2.5 billion in the coming three to four years and work throughout the value chain of green energy to create green assets. This may be aimed at realising water neutrality by 2035 and carbon neutrality by 2040. The L&T officials have revealed the fact […]

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Policy Muddle, Economy Trip Up US Clean Energy Growth In Q2, Says Industry Association

According to a report from the American Clean Power Association (ACPA),  a US body of mostly energy developers, the rate of clean energy deployment slowed substantially in the second quarter. The association’s report blames policy headwinds, economic factors and trade issues for impacting project development and increasing the backlog of new project delays. The report […]

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Nel ASA Gets Its Largest Order Worth 200 MW Of Alkaline Electrolyser

Dedicated hydrogen energy global major Nel Hydrogen Electrolyser AS has revealed that receiving its largest-ever purchase order from a US customer. The order is worth 200 MW of alkaline electrolyser equipment for industrial application. Nel is a subsidiary of Nel ASA and has not disclosed the name of the customer. The official statement of Nel […]

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Statkraft Backs Solar Park with 5- year PPA

Europe’s leading renewable energy player, Norwegian firm Statkraft, has signed a 5-year power purchase agreement (PPA) for the Strasen Solar Park. The Norwegian energy company is thus supporting the construction and operation of the 30 MW solar park. According to the official statement of Statkraft, the solar parkwill operate entirely without EEG subsidies and is […]

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Fugro Lends Support To Denmark’s Largest Offshore Wind Farm

Netherland-based geo-data specialist, Fugro, has set in motion geotechnical site surveys at RWE’s Thor offshore wind farm project. The acquired geo-data will be used to design, produce, and install the major parts of the wind farm, such as the foundations for the turbines and the inter-array and export cables. According to RAW, Thor is set […]

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Statkraft Increases Renewable Energy Targets, Chases Faster Growth

Norway’s state owned renewable energy player Statkraft has updated its growth strategy for renewable energy with a new, more ambitious targets towards 2030. The official statement of Statkraft reveals that the strategy increases the annual growth rate for onshore wind, solar and battery storage from 2.5-3 GW in 2025 to 4 GW in 2030. Statkraft […]

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Germany’s Renewable Energy Pledge Blackened By Coal

Falling short of the energy cut short by Russia following the European support to Ukraine, Germany’s Economy Minister Robert Habeck warned on June 19 that the war in Ukraine will cause an energy shortage by the winter. What he actually meant was that the coal supply and use would be increased to compensate for the […]

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