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Macquarie to Acquire 40% of Iberdrola’s 714 MW Scottish Offshore Wind Farm

Macquarie Green Investment Group has entered into an agreement to acquire a 40% stake in the East Anglia ONE offshore wind farm from Iberdrola Macquarie Green Investment Group (GIG) has entered into an agreement, subject to the satisfaction of customary completion conditions, to acquire a 40 percent stake in the East Anglia ONE (EA1) offshore […]

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Resiliency to Drive US Microgrid Growth: WoodMac

A new report has predicted that the US microgrid industry may find substantial future growth in areas that are repeatedly affected by power outages, as customers seek out resiliency solutions. The U.S. microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out […]

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China’s Benling Planning New E-Bike Launch in India

After successfully selling close to 800 electric two-wheelers in the country, Chinese EV maker Benling India is planning to launch an all-new electric bike to rival India’s Revolt 400. Boosted by the demand for its electric two-wheeler products, China’s Benling has announced its plan to expand its electric portfolio with more EVs soon. Benling India […]

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Apparel Brand Gap Signs 90 MW VPPA With Enel Green Power

Gap has signed a 90 MW VPPA for the Aurora Wind Project with Enel Green Power, marking one of the largest offsite RE contracts by an apparel retailer. Global apparel retailer Gap Inc. has announced that it has signed a 90 MW virtual power purchase agreement (VPPA) for the Aurora Wind Project with Enel Green Power North America, marking one of […]

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Green Bonds Issuance to Cross Record $ 200 bn Mark in 2019: Moody’s

The global green bonds issuance in 2019 are expected to reach and perhaps even cross the record USD 200 billion mark. According to a new analysis, the global green bonds issuance in the current financial year are expected to reach and perhaps even cross the record USD 200 billion mark. The global green bond market […]

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IL&FS Proposes to NCLT Sale of Wind Assets to Orix

ILFS group has proposed to NCLT the sale of its wind energy assets to Japan’s Orix Corporation, reducing the debt of the company by Rs 4,800 crore. Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by […]

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Heavy Industries Ministry Approves FAME II Subsidies for 5,595 Electric Buses

Government’s Department of Heavy Industries has sanctioned subsidies for 5,595 electric buses in 64 cities The Department of Heavy Industries has approved 5595 electric buses under the FAME India scheme phase II. The move is in line with the government’s push towards electric mobility in the public transport system. The government department said in a statement […]

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Tata Power-DDL, CEEW Ink Pact to Accelerate RE in Delhi’s Micro-Grids

This collaboration will also help in achieving Delhi’s 1 GW target of solar generation by 2020 and 2 GW by 2025, in accordance with the DERC guidelines for the implementation of group net metering and virtual net metering framework. In order to evaluate and accelerate the integration of decentralised renewable energy into Delhi’s power grid, […]

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Sterlite Power Wins 2 Transmission Projects Worth Over Rs 3000 Crore

Sterlite Power has received a letter of award for two key inter-state transmission projects worth over Rs 3000 crore for Udupi-Kasargode and WRSS 21. Sterlite Power, India’s leading private power transmission player, has received a letter of award for two key inter-state projects worth over Rs 3000 crore for Udupi-Kasargode and WRSS 21 (Part B) […]

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