esVolta closes $140 mn credit facility to fund storage projects
esVolta has closed an approximately $140 million senior secured credit facility to finance a portfolio of its battery energy storage projects.
CIT’s Power and Energy business...
Sumitomo invests $46 mn in Highview Power to tap energy storage market
Sumitomo Heavy Industries has made an investment of $46 million in Highview Power as part of the decision to move into the clean energy...
How coronavirus outbreak impact renewable energy industry
TrendForce has revealed the negative impact from coronavirus outbreak on the global renewable energy industry.
# LED
In terms of the upstream substrate, chip to downstream...
Electric energy efficiency spending to touch $60 bn by 2028
Electric energy efficiency spending by governments and utilities is forecast to increase from nearly $30 billion in 2019 to nearly $60 billion by 2028,...
Renewable energy spending trends in sub-Saharan Africa
Renewable energy industry has spent $2.8 billion on renewables projects in sub-Saharan Africa (excluding South Africa) – in 2018.
The addition of $600 million than the previous...
Wartsila selects Corvus Energy to supply energy storage systems
Corvus Energy has been selected by Wartsila to supply energy storage systems (ESS) for three new battery hybrid ferries for Finnlines. The Finnish ferry...
EDF Renewables commissions 105 MW Verdant project in Gujarat
EDF Renewables and SITAC Group, its partner for wind power generation, announced the commissioning of the 105 MW Verdant project in Gujarat, India.
This achievement...
Adani Group aims to become world’s largest solar power company
Gautam Adani on Wednesday said his group is aiming to become the world’s largest solar power company by 2025 and the biggest renewable energy...
Oil and gas cos are not investing enough towards clean energy: IEA
IEA’s Oil and Gas Industry in Energy Transitions report indicated that oil and gas companies are not investing enough towards clean energy transitions.
Some oil and gas...
Forecast on renewable energy, vehicles, sustainability for 2020
BloombergNEF has revealed predictions for 2020 – in the report -- for the low-carbon transition in energy, transport, commodities and sustainability.
# Investment in renewables
Investment in...
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