Governments have critical role in future energy investments
As major transformations are underway for the global energy sector, energy demand is set to grow by more than 25 percent to 2040, requiring...
Adani Green Energy raises $1.35 bn green hybrid project loan
Adani Green Energy (AGEL) has raised a $1.35 billion debt package for its under-construction renewable asset portfolio from a group of international lenders.
The revolving...
Comcast announces issuance of $1 bn green bond
Comcast announced the issuance of a $1 billion 10-year green bond as part of Comcast’s goal to be carbon neutral by 2035.
Comcast will allocate...
Pattern Energy buys SunZia Transmission project
Pattern Energy has acquired the SunZia Transmission project from SouthWestern Power Group, a subsidiary of MMR Group.
SunZia Transmission consists of a 550-mile bi-directional ±...
Siemens develops more efficient offshore transformer module
A new offshore transformer module of Siemens promises 40 percent cost savings for near shore-wind turbines in connecting to the grid.
Traditional AC transformers transmit...
Green hydrogen business and investment trends
Annual global investments in green hydrogen - hydrogen production powered by renewable sources -are now expected to exceed $1billion by 2023.
The elevated investment outlook is attributed...
MSEDCL floats tender to buy 500 MW of electricity from wind-solar hybrid projects
State-run Maharashtra State Electricity Distribution Company (MSEDCL) has floated a tender to buy 500 MW of electricity from wind-solar hybrid projects.
Maharashtra will sign a...
Shell to buy energy retailer Powershop Australia
Shell Energy Operations will acquire Powershop Australia, an online energy retailer serving more than 185,000 customers.
The acquisition of Powershop is in line with Shell’s...
Duke Energy to invest in two renewable natural gas (RNG) projects
Duke Energy announced its investment in two projects to convert landfill gas from two North Carolina landfills into renewable natural gas (RNG).
The two projects, named Foothills...
Ambuja Cements Plans Rs 6,000 Crore Investment in Renewable Energy Projects
In a strategic move towards sustainability, Ambuja Cements unveiled plans on Monday to infuse Rs 6,000 crore into renewable power initiatives.
Ambuja Cements aims to...