Renewable Energy

Adani Green raises $288 mn construction facility

Adani Green Energy has extended its Construction Financing Framework to $1.64 billion by raising a $288 million facility for its under-construction renewable asset portfolio...

Aramco plans $40-50 billion Capex in 2022

Saudi Arabian Oil Company (Aramco) said net income increased by 124 percent to $110 billion in 2021, compared to $49 billion in 2020. The...

Indiana Michigan Power invites bids for solar and wind projects

Indiana Michigan Power, an American Electric Power company, has issued a request for proposals (RFP) for facilities that will generate approximately 800 megawatts (MW) of...

BP CEO pay package more than doubles to $5.9 mn

BP CEO Bernard Looney’s total remuneration in 2021 rose to 4.46 million pounds ($5.86 million) from 1.74 million, BP’s annual report published on Friday...

Court Ruling positive for Indian renewable generators’ liquidity: Fitch Ratings

A recent ruling by the High Court of Andhra Pradesh that directs distribution utilities in the Indian state to make long-delayed payments to renewable...

Reliance New Energy buys Lithium Werks BV for $61 mn

Reliance New Energy, a subsidiary of Reliance Industries (RIL), will acquire Lithium Werks BV for $61 million including funding for future growth. The assets include...

EC aims to make Europe independent from Russian fossil fuels

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas,...

Chevron to buy biodiesel maker REG for $3.15 bn

Chevron is buying biodiesel maker Renewable Energy Group for $3.15 billion, in its biggest bet so far on alternative fuels.