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Norwegian Company gets €957,000 Grant for Mobile Offshore Wind Units

Norwegian offshore drilling contractor Odfjell Oceanwind has been awarded a NOK 10 million (EUR 957,000) pre-project grant from Enova, Norway’s fund for climate and energy technologies, for maturing its first commercial contracts for Mobile Offshore Wind Units (MOWUs) and WindGrid for electrification of oil and gas installations. The grant is awarded under Enova’s full scale innovative […]

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Pune’s goEgoNetwork EV Charging Startup Secures $2 Million Seed Funding

Pune’s goEgoNetwork is an Indian EV charging startup that will provide EV chargers to you whether you are at home, at work, or traveling to your weekend getaway destination. Pune’s goEgoNetwork is electric vehicles (EV) Charging Startup Secures $2 Million Seed Funding. Recently the two-year-old startup has secured $2 million in seed funding to expand […]

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UP Regulator Eases Power Procurement From Exchanges For Industry

The Uttar Pradesh Electricity Regulatory Commission, in its recent tariff order dated 29th July 21 for the financial year 2022 has made some key changes that could have a positive impact on the industry as well as renewable energy projects in the state. The regulator announced a reduction of up to 64 paise per unit […]

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IKEA To Start Selling Renewable Electricity To Swedish Households

IKEA, which started selling solar panels and other equipment at its stores sometime back, is now moving into direct electricity selling too. Under the plan that the global retailer of furniture and other items has announced, IKEA’s solar panel producer, Svea Solar will be buying renewable electricity on the Nordic power exchange Nord Pool and […]

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MNRE Releases Updated ALMM List With 3 New Additions

The Ministry of New and Renewable Energy (MNRE) has issued an updated list of approved manufacturers in its ALMM (Approved list of module manufacturers)  list. The List is effective August 17, 2021, with the certifications valid to August 16, 2023, or two years. While broadly in line with the previous list, the fresh list has […]

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US Distributed Energy Major Nexamp Closes $680 million Fund Raise

Nexamp, which has a focus on distributed solar and storage systems, has secured a $240 million equity investment led by Generate Capital. The company also recently raised $440 million in debt financing, bringing its total new funding to $680 million. The new funding will accelerate Nexamp’s ability to offer a flexible range of decarbonization options for customers, expanding its […]

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Scotland’s Firth of Forth Net Zero Hub Key for Climate Goals: WoodMac

The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie. “Net […]

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10% Hike in Store for Wind Turbine Prices, says WoodMac

According to new analysis from Wood Mackenzie, wind turbine prices are expected to increase by up to 10% over the next 12 to 18 months due to increases in commodity prices, logistics costs, and coronavirus-related challenges. As noted in a recent Wood Mackenzie report, a rise in steel, copper, aluminium, and fibre prices, coupled with […]

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Goodyear Invests in EV Charging, Adds AmpUp to its Portfolio

Goodyear announced today that its venture capital arm, Goodyear Ventures, has added AmpUp, a leader in electric vehicle (EV) charging, to its investment portfolio. AmpUp supports the EV driving community through its advanced charging network and software solutions. With operations across North America, AmpUp aims to make charging accessible and seamless for every EV driver. […]

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