Will be used by the companyto set up waste-to-energy plants and invest into R&D. Greenjoules Pvt Ltd, a Pune-based green energy technology company, has raised 33 crore ($4.5 million) from Blue Ashva Capital. The fund raised will be used by the companyto set up waste-to-energy plants and invest into R&D. The funds were raised through […]
BP invests $220 million in U.S. solar development projects
The deal, for assets with a production capacity of 9 gigawatts, marks BP’s first independent investment in solar since buying a stake in Europe’s largest solar developer, Lightsource, in 2017. Energy major BP Plc on Tuesday boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy. The […]
Orsted plans $57 bln drive to be No.1 in green energy
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming. COPENHAGEN: Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a […]
California’s renewable natural gas vehicles turn carbon negative in 2020
The use of renewable natural gas (RNG) in fleets of trucks, buses and other vehicles grew 25% from 2019 to 2020 and is up more than 170% in the past five years, according to the data. Vehicles in California running on renewable natural gas removed more carbon dioxide from the atmosphere than they emitted for […]
ACWA Power Signs MoU with Neutral Fuels to Supply Saudi Arabia’s Red Sea Project
Riyadh : ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, has signed a Memorandum of Understanding (MoU) with Neutral Fuels, the GCC’s largest biofuel producer, for future collaboration on the supply of its Net Zero Biofuel™ for Saudi Arabia’s most ambitious regenerative tourism project on the Red […]
Spain Positions Itself to be Europe’s Green Hydrogen Hub
Toledo, Spain : Spain is in the “best conditions” to become Europe’s green hydrogen hub, Spain’s Prime Minister Pedro Sanchez said on Monday. Sanchez spoke after US engine maker Cummins announced on Monday it would build a plant in Spain to make electrolyzer systems to produce green hydrogen, a zero-carbon fuel created using renewable energy […]
Adani Green to Buy SB Energy’s 5 GW Renewable Portfolio for USD 3.5 Billion
Ahmedabad: Adani Green Energy Limited (AGEL), signed definitive agreements for the acquisition of 100 per cent interest in SB Energy India on May 19, 2021. Earlier, AGEL owned 80 per cent stakes in SB energy and the remaining 20 per cent was owned by Bharti Group. Reportedly, the transaction is for a fully completed enterprise […]
UAE’s Masdar Set to Make First Renewable Push Into Greece
Clean energy major announces plan to develop a 65MW solar project on site 65km north of Athens. Masdar, the Abu Dhabi-based renewable energy company, and Taaleri Energia have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG), a statement […]
Fluence Signs 1.5 GW of New Contracts to Optimize Trading of Renewable & Energy Storage Assets in Australia
Fluence Trading Platform now optimizing nearly 18% of all grid-scale wind and solar energy assets in the NEM. ARLINGTON, VA, USA : Fluence, a leading provider of energy storage technology, services and bidding optimization software, today announced that it has secured approximately 1.5 GW of new wind, solar and battery energy storage contracts for its […]
Reliance Power Q4 Turns to Net Profit of Rs72.56cr After Massive Rs-4206cr Loss in Mar-20 Quarter
Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. In the midst of the challenges of COVID, Reliance Power managed to achieve 96.25% plant load factor (PLF) at its 3,960 […]
