Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
US to Extend Solar investment tax credit at 26% Until 2022
Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. The wind industry also received a […]
Bharat Forge invests another Rs 2.87 cr in ASPL to use 8.20 MW solar power
After this investment, the company now holds 11 per cent stake in ASPL. Bharat Forge has presence in automotive, power, oil and gas, and construction sectors. New Delhi: Bharat Forge on Friday said it has made an additional investment of Rs 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH […]
WBERC approves the investment proposal of Rs.1019 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme
WBERC approves the investment proposal of Rs. 1019.00 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme IN REGARD TO THE APPLICATION SUBMITTED BY THE WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED (WBSEDCL) FOR INVESTMENT APPROVAL FOR STRENGTHENING AND EXTENDING ELECTRICITY DISTRIBUTION NETWORK (SEEDN) IN TERMS OF REGULATION 2.8.2.3 OF THE WEST BENGAL ELECTRICITY […]
Clean Energy Investment Trends 2020
Mapping Project-level Financial Performance Expectations in India. The Clean Energy Investment Trends is a joint project of the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy Agency (IEA). By monitoring market activity and identifying market and financing trends, the project seeks to provide a practical guide to stakeholders for understanding how the interaction […]
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 […]
Allied Irish Bank (AIB) Raises €1bn in first Irish Bank Green Bond Sale
Bank of Ireland is also planning to enter fast-growing area of global debt markets AIB on Wednesday became the first Irish bank to venture into the burgeoning green bonds market, raising €1 billion of capital to support lending towards renewable energy projects and green buildings. While the focus among banks and companies active in the […]
Grid synchronous inertia: Vital to stabilising the grid and preventing the next blackout
Taking the UK’s transmission system and the circumstances which led to a dramatic blackout as a direct example, Javier Cavada and Gary Preece of liquid air energy storage (LAES) systems company Highview Power look at how such events could be avoided, cost-effectively and with lesser environmental consequences. The stability of the energy grid in any […]
BP to invest $70 million in India’s Green Growth Equity Fund
With this BP would become a limited partner in the equity fund, have representation on its advisory committee, and also the rights to co-invest in projects alongside GGEF New Delhi: BP, UK-based oil and gas firm, on Tuesday said it is set to invest $70 million in India’s Green Growth Equity Fund (GGEF) with an […]
BHEL invites global OEMs to leverage its facilities
BHEL said its facilities and capabilities along with its tie-ups put it in a strong position to support any international company in setting up a base in India New Delhi: Bharat Heavy Electricals Ltd (BHEL) said on Monday it has floated an expression of interest inviting global companies to partner with and leverage its facilities […]