Total global corporate funding in the solar sector falls 11% to $12 Billion: Mercom Capital

The corporate funding in the global solar sector has declined by 11 per cent year-on-year to $12 billion in January-June 2022, said a Mercom Capital report. Corporate funding includes venture capital and private equity (VC), debt financing, and public market financing. “The total corporate funding (including venture capital funding, public market, and debt financing) in […]

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Record clean energy spending set to help global energy investment grow by 8% in 2022

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Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency. Although encouraging, the growth investment is still far from enough to tackle the multiple dimensions of today’s energy crisis and […]

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Bharti Airtel acquires 9% stake in Avaada Clean

Bharti Airtel, India’s second-largest telecom operator, has acquired a nine percent stake in renewable energy firm, Avaada Clean TN Project for Rs 7.88 crore in an all-cash deal. The acquisition of Avaada will require Bharti Airtel to comply with regulatory requirements for captive power plants under the provisions of Electricity Act 2003 and Indian Electricity […]

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India adds 8.5 GW renewable energy capacity till November 2021 this fiscal: RK Singh

India has added 8,530.92 megawatts (MW) of renewable energy capacity, including large hydro units, during April-November of the current fiscal, which is higher than 8,058.10 MW added in the entire 2020-21, Parliament was informed. During April-November 2021, 8,530.92 MW of the renewable energy capacity, including large hydro, was added in the country, which is higher […]

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JSW Energy to invest Rs 35,500 crore in green energy projects in Maharashtra

The Maharashtra government and power major JWS Energy Ltd have signed two Memorandums of understanding (MoUs) to set up two green projects worth Rs 35,500 crore to generate 6,500 megawatts (MW) of clean energy in northern and western Maharashtra. Investment inflow from JSW will account for a considerable increase in renewable energy sources within Maharashtra […]

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India, US launch hydrogen task force

The United States Department of Energy (DOE), India’s Ministry of New and Renewable Energy (MNRE) and the US India Strategic Partnership Forum (USISPF) have jointly launched a US-India Hydrogen Task Force, reports Business Standard. The Task Force is under the US-India Strategic Clean Energy Partnership (SCEP). India and US had decided to revamp their strategic partnership to focus […]

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