The EV charging boom: A $1 trillion opportunity by 2040
The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.
Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan
Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.
Alpex Solar appoints global head of EPC business
Alpex Solar Ltd has appointed Gaurav Bector as the global head of its EPC (engineering, procurement and construction) business as the company looks to expand its global footprints.
Brookfield acquires controlling stake in Leap Green Energy
Brookfield will initially make an equity investment of over $200 million in Leap Green Energy, through subscription of new shares and acquisition of shares from current shareholders. It may infuse further $350 million of incremental equity capital to support Leap Green’s future growth in renewable energy solutions for the commercial and industrial sector.
The Hydrogen Stream: India’s second electrolyzer tender attracts proposals for more than 2.8 GW
India’s second 1.5 GW electrolyzer manufacturing tender under production-linked incentives scheme has attracted bids from 23 companies for a cumulative annual capacity of 2,847 MW.
REC secures JPY 31.96 billion green loan from Deutsche Bank AG
REC Ltd has secured a green loan of JPY 31.96 billion (equivalent to $200 million) from Deutsche Bank AG to finance eligible green projects in India.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
India’s installed battery storage capacity reached 219.1 MWh as of March end: Mercom
The recently released Mercom report expects India to add 1.6 GWh of standalone battery energy storage systems and 9.7 GW of renewable projects plus energy storage by 2027.
India leading the solar wave to become world’s second-largest module manufacturer
Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.
The Hydrogen Stream: India issues guidelines for second round of green hydrogen incentives
The Ministry of New and Renewable Energy (MNRE) has released guidelines for the second round of incentives for green hydrogen production under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
