Monarch Private Capital and Invenergy have announced the completion of nearly $170 million in tax equity financing for the Samson Solar Energy Center II in Lamar County, Texas. Developed by Invenergy, the project will deliver major economic benefits, and over $27 million in taxes and contributions to the county...
South Africa’s renewable energy projects have received a funding of €400 million announced by the European Investment Bank (EIB) and FirstRand Bank Ltd. This joint effort includes a €200 million loan from the EIB, matched by FirstRand Bank. Moreover the aim of this initiative is to boost solar photovoltaic,...
The Ministry of New and Renewable Energy (MNRE) has released guidelines for the implementation of the Viability Gap Funding (VGF) scheme for 1,000 MW offshore wind power projects. The project has been allotted Rs 68.53 billion till FY 2031-32 with an objective to commission 1 GW offshore wind power...
The US Department of Energy (DOE) has finalised a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, backed by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a...
Iberdrola and bp have approved the construction of a 25 MW green hydrogen plant at bp’s Castellón refinery. Moreover, this marks their first joint hydrogen project under Castellón Green Hydrogen S.L., a venture equally owned by both companies. The project is set to begin operations by mid-2026.
The project is...
Powin is collaborating with BHE Renewables to provide energy storage solutions for one of the largest solar and storage microgrids, located in Ravenswood, West Virginia. This innovative project will supply renewable energy to Titanium Metals Corporation to produce titanium products for the aerospace industry.
Powin will supply a 50 MW...
The Gensol Engineering Limited and Matrix Gas and Renewables Limited Consortium has been chosen to develop a green hydrogen valley in Pune, Maharashtra. It will be India’s first ever green hydrogen valley. The project will be developed on a build-and-operate basis and is supported by the Department of Science...
Purvah Green, a subsidiary of CESC Limited has been awarded a project to develop a 300 MW solar photovoltaic project by CESC Limited themselves. Of the total, 150 MW is under tariff-based bidding competition, the rest has been included under the greenshoe option. The project is under a power...
Orkla India, has entered into a partnership with CleanMax for the supply and generation of solar energy from a 6.6 MWp Solar Power Plant in Jagaluru, Karnataka. This agreement takes place through a 25-year power purchase agreement. This will enable all Karnataka-based Orkla factories to run completely on renewable...
The power ministry has approved modifications to the scheme providing budgetary support for enabling infrastructure costs associated with hydro-electric projects (HEPs). The scheme has a total outlay of Rs 124.61 billion and will be implemented from 2024-25 to 2031-32. The modifications include expanding eligible costs to cover not only...