Mumbai: Sterlite Power, a leading global power transmission player, on Monday said that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI […]
ADB to Invest $15 Million in Avaada Energy to Expand Renewable Energy Capacity in India
NEW DELHI, INDIA: The Asian Development Bank (ADB) has signed an agreement to invest $15 million in INR equivalent in Avaada Energy Private Limited (AEPL) to help the company to scale up photovoltaic solar energy generation capacity in India. This is ADB’s second investment in AEPL after a first round of $50 million invested in […]
Funding secured for ‘smart’ electric vehicle charging project
An electric vehicle (EV) charging project that will facilitate the installation of over 100 smart charging points has been granted funding by the Department for Business, Energy and Industrial Strategy (BEIS).Read More… Source : newcivilengineer
Bounce is looking to raise $30 million for electric vehicle arm
Existing investors like Accel, Sequoia, Chiratae and others may lead first round. Bengaluru: Scooter sharing app Bounce plans to raise $30 million exclusively for its electric vehicles subsidiary Zuink Smart Mobility Solutions, and has received in-principle board approval for the same, two people aware of the developments told ET. Existing investors including Accel Partners, Sequoia […]
Renewable Energy Groups Urge Congress to Support Clean Energy Innovation Funding in FY 2020 Budget
Washington, D.C.: Today, the American Council on Renewable Energy, the American Wind Energy Association, the Biomass Power Association, the Energy Storage Association, the Geothermal Resources Council, the National Hydropower Association and the Solar Energy Industries Association sent a joint letter to Congress urging consistent funding for energy innovation in the Department of Energy’s FY 2020 […]
New York’s latest Innovation Challenge targets long duration energy storage startups
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre. Also aimed at supporting promising new technologies and business models for electric vehicles (EVs) and their […]
Australian Energy Market Operator opens virtual power plant integration trial
The capabilities of virtual power plants (VPPs) to provide capacity as well as frequency regulation services to the grid in Australia will be demonstrated through a new integration trial. The Australian Energy Market Operator (AEMO), is running the 12 to 18-month trial, with funding of AU$2.46 million (US$1.75 million) through the national renewables agency ARENA, […]