Adani Green Energy gains 5% on debut, trades at Rs 29 on BSE

Adani Green Energy, the renewable power arm for Adani Enterprises, has locked in upper circuit of 5% at Rs 29.40 on the BSE. Adani Green Energy, the renewable power arm for Adani Enterprises, has locked in upper circuit of 5% at Rs 29.40 on the BSE on first day of its listing. The stock recovered […]

Business & Finance

ADB Strengthens Trade Finance Capacity in Central Asia Through Bank Twinning

June 18, 2018 Anand Gupta

YEREVAN, ARMENIA: The Asian Development Bank’s (ADB) Trade Finance Program (TFP) held its second TFP Bank Twinning program in Central Asia between Ameriabank from Armenia and Hamkorbank from Uzbekistan. The TFP Bank Twinning leverages the expertise and strength of TFP’s more advanced partner bank to train its twin bank by transferring relevant trade finance operations […]

Business & Finance

Nexus Announces Partnership with Foleum, Green Mining Alternative

June 16, 2018 Anand Gupta

SCOTTSDALE, Ariz.: Nexus, an innovative, open-source distributed ledger and digital currency (NXS), announced today its partnership with Foleum, an inventive blockchain mining project designed to generate the majority of its own power using green hybrid technologies. The organizations share a mutual goal of reducing the environmental footprint of mining. Foleum will measure Nexus’ energy consumption […]

Business & Finance

SolAero Technologies Awarded Contract to Provide Solar Panels to SSL

June 15, 2018 Anand Gupta

ALBUQUERQUE, N.M.: SolAero Technologies Corp. (SolAero), a leading provider of high efficiency solar cells, solar panels, and composite structural products for satellite and aerospace applications, announced today that it has been awarded a contract by SSL, a Maxar Technologies company, for the design, manufacture and testing of solar array panels. The solar panels will be […]

Business & Finance

GCL New Energy Signs PPA for 110MW Solar Project In Colorado

June 15, 2018 Anand Gupta

DENVER: GCL New Energy, Inc., a subsidiary of the world’s leading clean energy conglomerate GCL Group, has signed a long-term power purchase agreement (PPA) with Intermountain Rural Electric Association (IREA), a local power company, for its Pioneer 110MW greenfield project in Colorado. The Pioneer 110MW project is located on 611-acre site 35 miles east of […]

Business & Finance

Continuum’s founder may buy Morgan Stanley’s stake

June 15, 2018 Anand Gupta

Continuum Wind Energy founder Arvind Bansal may raise funds to buy stake or bring in investor to buy Morgan out Mumbai: Continuum Wind Energy founder Arvind Bansal is looking to buy back Morgan Stanley’s majority stake in the company’s 400MW wind energy platform, said two people aware of the development. Morgan Stanley Infrastructure Partners, which […]

Business & Finance

Samsung joins global pledge to increase renewable energy use

June 15, 2018 Anand Gupta

Samsung, part of South Korea’s biggest corporate group, is the first Asian electronics manufacturer to join a movement spearheaded by Apple Inc.and other Silicon Valley companies. Seoul: Samsung Electronics Co., the world’s biggest smartphone maker, joined today a growing list of companies that are promising to increase their use of solar and other renewable energy […]

Business & Finance

Seraphim Solar announced that it won the supply agreement for a monumental 246MW Ukraine solar project

June 14, 2018 Anand Gupta

Nanjing Jiangsu Seraphim Solar System Co., Ltd. (“Seraphim”) announced that it won the supply agreement for a monumental 246MW Ukraine solar project, developed by Ukraine’s largest energy group, DTEK. This installation will be Ukraine ‘s largest renewable energy power plant to date. CMEC is the EPC contractor and Seraphim is the sole module supplier. This 246MW […]

Business & Finance

Guess Who Also Met With Pope and Big Oil? Renewables Executives

June 14, 2018 Anand Gupta

In the quest to track down every oil giant and investor that attended a recent climate change meeting with Pope Francis, two completely non-oil-related attendees appear to have been overlooked: a couple of renewable energy companies. Michael Garland, the chief executive officer of U.S. wind and solar power company Pattern Energy Group Inc., said he […]

Business & Finance

Reasons to invest in renewable energy stocks

June 11, 2018 Anand Gupta

Increasing government spending, new policies that favor renewable energy, and regular incentives have driven people to invest in renewable energy stocks now more than ever. There is an ongoing debate on global warming and climate change along with increasing oil prices and how they are deteriorating the overall climate of the planet. This has forced […]