India Crosses 200-GW Mark in Renewable Energy Production: CEA
Solar and wind power dominated the mix, while Rajasthan, Gujarat, Tamil Nadu and Karnataka topped the list in terms of renewable energy capacity.
Spain’s BBVA, KKR Forge Strategic Partnership on Decarbonization Initiatives
BBVA has committed $200 million to KKR´s Global Climate Strategy, which invests in solutions at scale focused on transitioning to a low-carbon economy.
BPCL Forges Joint Ventures with Sembcorp and GPS Renewables
Both ventures align with BPCL’s long-term goal to diversify its business and support India’s energy transition initiatives.
Tata Power Begins Solar Cell Production at Tirunelveli Plant in Tamil Nadu
The manufacturing facility is India’s largest single-location solar cell and module plant and will boost domestic manufacturing of these clean energy components.
Suzlon Secures Wind Energy Order of 1,166 MW from NTPC Green Energy
This landmark deal will contribute significantly to India’s renewable energy goals and strengthen Suzlon’s position as a leading player in the sector.
BNP Paribas Cleantech Fund Raises $166M, Eyes 20 Ventures
The fund has raised €150 million to invest in European and North American startups driving sustainable solutions in energy and agriculture.
China Cuts New Coal-Powered Plant Approvals by 80%, Finds Greenpeace
China’s combined wind and solar capacity of 11.8 terawatts exceeded coal capacity of 11.7 TW for the first time in the first half and made up 84.2 percent of all new grid-connected capacity.
Petronas Inks Deal with ADNOC, Storegga to Assess Carbon Storage in Malaysia
The three companies have signed an agreement to assess the CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage facilities in the Penyu basin, offshore Peninsular Malaysia.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
$12 Trillion Investment is Required for Global Renewable Energy Expansion
COP28 President Al Jaber outlined four key priorities essential for advancing climate finance: infrastructure, technology, people, and support for the Global South.