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EIB to Provide Support for 3 First-of-a-Kind Climate Action Projects

EIB has signed 3 agreements with leading European innovators to collaborate on the development and financing of new projects that address climate change. The European Investment Bank (EIB), one of the world’s largest providers of climate finance, has announced that it has signed three agreements with leading European innovators to collaborate on the development and […]

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The Case for Mini Grids Stronger Than Ever, Says Global Report

A new report launched yesterday (July 1), State of The Global Mini-Grids Market Report 2020 has delved deeply into the present, potential, and obstacles to further growth of mini-grids around the world. For its research and conclusions, the report focused on mini-grids in Sub-Saharan Africa, Asia, and small island nations. Created for the Mini Grids […]

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IFC Grants $25 Mn to NMB Bank to Boost Green Financing in Nepal

IFC is providing a USD 25 million loan to NMB Bank to boost financing for green projects and small and medium enterprises (SMEs) in Nepal The International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing […]

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Boost in Clean Energy Innovation Needed for Net-Zero Objectives: IEA

Without a major push in clean energy innovation, countries and companies around the world will be unable to meet their net-zero targets, a new report by IEA has detailed. Without a major push in clean energy innovation, countries and companies around the world will be unable to fulfil their pledges to bring their carbon emissions […]

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Iberdrola Agrees Deal for Stake in 9 GW of Offshore Wind Projects

Iberdrola has agreed on a deal to take “majority acquisitions” in the future development of up to 9 GW of offshore wind energy projects in Sweden. Iberdrola has agreed on a deal to take “majority acquisitions” in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to […]

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Hindustan Zinc Looking to Offload Wind Energy Assets

Hindustan Zinc, the Udaipur-based subsidiary of the Vedanta Group is looking to offload its wind energy assets worth 273 MW, nearly Rs 1500 crore. Hindustan Zinc, the Udaipur-based subsidiary of the Vedanta Group is reportedly looking to offload its wind energy assets worth 273 MW, nearly Rs 1500 crore. The assets, as per industry experts […]

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Highview Power Gets £10 Mn Grant From UK Govt for 50 MW CRYOBattery

Highview Power has been awarded a GBP 10 million grant from the UK Department for BEIS for a 50 MW cryogenic energy storage (CRYOBattery) facility. Highview Power, a global leader in long-duration energy storage solutions, has announced that it has been awarded a GBP 10 million grant from the UK Department for Business, Energy & […]

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MNRE to Form Project Development Cell for Attracting Investments in India

MNRE is constituting its own Project Development Cell (PDC) for attracting investments in India, by the development of investible projects in the country The Ministry of New and Renewable Energy (MNRE) has announced that the Central Government has approved the setting up of an Empowered Group of Secretaries (EGoS) and Project Development Cell (PDC) in […]

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