Search

Spanish utility Iberdrola has broadened its investment in renewables and clever grid projects to EUR7.03 billion (US$ 8.15 billion) yet its internet profit experienced, falling 10.2% to EUR2.4 billion (US$ 2.78 billion), according to its recent financial results for the first nine months of 2021, released today.

Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will be backed by International Finance Corporation (IFC).

When completed, the 8.5 MW solar project, which will provide renewable energy to regional utility Matanuska Electric Association, will certainly be the biggest solar asset ever before constructed in the state.

German investment firm Union Investment Real Estate GmbH will procure a total of 75 GWh of electricity from three solar parks in Lower Saxony to power its fund properties.

San Diego, California-based renewable resource developer Pathway Power LLC on Wednesday stated it has actually protected a USD-36-million (EUR 36m) strategic financial investment from Forest Road Renewables, part of speciality money platform The Forest Road Company.

Facilities company LS Power is to switch on what is thought to be the globe's largest single-site battery project at 250MW prior to the end of the month.

On Wednesday, Altus Power America, a Greenwich, Connecticut-based clean electrification business that offers industrial, community, energy as well as domestic clients, revealed that it has obtained 100MW of distributed solar properties in the U.S. states of California, Maryland, Massachusetts, Minnesota, new York and Vermont.

NTPC as well as RSDCL are readied to authorize a contract with a financial investment worth Rs 4000 crore to create 925 MW solar energy projects in Nokh Solar Park in Rajasthan

US domestic solar installer as well as renting company Sunrun will certainly aggregate residence solar-plus-storage systems right into a virtual power plant (VPP) efficient in giving 5MW of grid support, with California utility Southern California Edison (SCE).

The Indian state of Himachal Pradesh has introduced plans for an 880 megawatt (MW) solar park, to be developed by state-owned Satluz Jal Vidyut Nigam Ltd (SJVNL).

Jupiter International signed an MoU to build a vertically integrated solar plant in Maharashtra, investing INR 109 billion and creating more than 8,300 jobs.

Novasec announced the launch of a new investment platform that connects investors with unique opportunities in the fast-growing renewable energy sector. Through a careful project selection process, Novasec’s platform combines the renewable energy sector with digital securities, providing investors the potential for lower-risk, competitive returns.

BP has actually invested US$ 70 million in an environment-friendly growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar company Lightsource BP.

The Sultan of Malaysia's Johar State revealed the development of a 450 MW solar PV power plant in the Pengerang municipal area.

Released in May 2020, the IEA's World Energy Investment 2020 pointed to a record downturn in international power financial investment. This write-up offers an upgrade to those figures based on extra recent analysis, showing that capital expenditures throughout the energy market are anticipated to fall by 18% this year to $1.5 trillion.