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...
Renewable 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...
india electric grid

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,...
Africa renewable energy market

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...
Corvus-Energy-ITS-2010-18

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

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-logo

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...
Duke Energy Renewables

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...
Renewable energy in Manipur

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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