Soleos Solar Energy secures Rs 48.5 cr funding
The fund infusion will help the company in generating its working capital, global renewable energy portfolio development and establishing manufacturing facilities across the globe, it added.
India must triple renewable installations, boost investments to meet 2030 goals
The investment landscape also reflects a slight downturn, with investments in the renewable sector dropping from US$11.7 billion in FY 2022-23 to US$11.4 billion in FY 2023-24.
Avaada Energy bags 1,050 MWp solar project
The company has secured the project at a tariff of INR 2.69 per kWh, which is expected to be completed within 24 months of signing the 25-year Power Purchase Agreement (PPA), Avaada Energy said.
Solex Energy partners GMEE SC Solar, ATW for supply of advance manufacturing lines
Based in Surat, the company is in process to expand its solar module manufacturing capacity to 1.5 gigawatt (GW), from 700 megawatt (MW) at present, in Tadkeshwar, Gujarat.
Believe it or not: Even in Saudi Arabia, renewable power is cheaper than fossil fuels
The state-run Saudi Power Procurement Co. this week said it had agreed to purchase power at record-low prices from the wind projects to be developed in the kingdom by Japan’s Marubeni Corp.
China state stockpiler aims to buy up to 15,000 T of cobalt, sources say
The planned purchase would be a big increase as industry sources say China's state stockpiler - the National Food and Strategic Reserves Administration - bought 8,700 tons of cobalt metal last year.
Infrastructure firm I Squared to invest $5 bln in Asia over next three years, executive says
I Squared, which manages over $38 billion of assets globally, will deploy the money from its $15 billon global flagship fund and $2 billion growth markets fund raised in 2022, its senior partner Harsh Agrawal told Reuters.
$215 trillion to save the planet is a bargain
BloombergNEF’s latest New Energy Outlook, a 250-page State of the Transition address, estimates the world must invest $215 trillion by 2050 to zero out carbon emissions and limit global heating to a merely disastrous 1.75 degrees Celsius above preindustrial averages.
IIT-Madras, Shell India open energy research centre
According to a release from the institute, the centre collaborates in bringing solutions for energy transition, incubation of energy startups by tapping industry-academia expertise. It will promote innovation, research, development, piloting and commercialization of technologies in the energy sector, it said.
France less attractive for renewable investment than other countries, TotalEnergies says
Isabelle Patrier was speaking ahead of TotalEnergies' inauguration on Friday of a 63-megawatt wind farm in northeast France.