REC Group, an international solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive binding agreement to acquire 100% shareholding of the European solar panel brand. REC Group (REC) welcomes the decision as this will allow a significant acceleration of […]
Micro, Small and Medium-sized Enterprises (MSMEs) could be the key to accelerating the adoption of rooftop solar in India – but financial institutions are often reluctant to lend to MSMEs because they prefer borrowers with strong financial track records and good corporate credit ratings. A new report by the Institute for Energy Economics and Financial Analysis […]
NTPC Renewable Energy ltd (REL) has signed its first Green Term Loan agreement of INR 500 crores at a very competitive rate with a tenor of 15 years with Bank of India on 29th September 2021 for its 470 MW Solar Projects in Rajasthan & 200 MW Solar Project in Gujarat. The Facility agreement was […]
A group of global leaders from across the renewable energy value chain and the sector’s innovation ecosystem recently launched a new organization to ensure renewables are wholly sustainable for people and the planet and lead a just transition away from fossil fuels. The partners, united in a shared vision for the sustainability of the renewables […]
The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilise greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]
TrinaTracker has released an industry white paper to show the performance of its spherical bearings which have a unique three-dimensional design that is internationally patented. The white paper outlines the advantages of the spherical bearing’s design and shows results of rigorous testing to highlight its long-term reliability outdoors. The tests show that TrinaTracker’s spherical bearings […]
On a clear night, Kaitlyn VanSant will be able to watch her work whiz by. Knowing the success of her project, however, will have to wait until her tiny, temporary addition to the International Space Station returns to Earth. “My family and I have definitely been looking up at night more frequently,” said VanSant, who […]
India’s total installed renewable energy generation capacity crossed 100 GW mark on Thursday and the country is fourth in the world in terms of installed renewable energy capacity. The country has set an ambitious target to have 175 GW or 1,75,000 MW of renewable energy capacity by 2022. “The total installed renewable energy capacity in […]
ReNew Power today announced the acquisition of two assets with a combined enterprise value of INR 28.5 billion (US$384.0 million), which are expected to generate INR 3.8 – 4.0 billion (US$ 50.7 – 53.4 million) of EBITDA annually. ReNew announced that it will acquire L&T Uttaranchal Hydropower Ltd., which owns the Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T […]
This week’s solar news wrap includes, India added 601 MW renewable power, low-cost capital to fuel green energy projects, Renewable energy investment rose, Indonesia starts construction on region’s largest floating solar plant, CESL signs MoU with BSES for new Energy Transition Program India added 601 megawatt of commercial and industrial renewable power generation capacity in […]
