India’s largest renewable energy company, ReNew Power, and the UN Environment Programme (UNEP) have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency. The strengthened partnership between the two parties – who signed the Memorandum of Understanding (MoU) on 10th July 2020 in Delhi- focuses on enhancing access to renewable energy and improving ...

Power solutions provider, SparkMeter, announced the closing of a $12 million Series A financing. The latest funding will allow the company to launch its new digital solutions offering, connecting smart grid data insights to business operations for large electricity distribution utilities in emerging markets. The round was led by Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goo ...

[The Association of Southeast Asian Nations (ASEAN)] has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 with energy demand in the region is expected to grow by 50 percent. According to the International Renewable Energy Agency (IRENA), this objective entails a “two-and-a-half-fold increase in the modern renewable energy share compared to 2014.” With the r ...

•       Rolls-Royce division with its MTU products and solutions posts an 11% fall in revenue •       Comprehensive package of early countermeasures shows favorable impact •       Crisis accelerates the division's transformation into a solution provider First-half financial results at Rolls-Roy ...

•       Power Systems establishes new company division for technology development  •       Emphasis on the decarbonisation of drive, propulsion and energy systems •       Fuel cell systems have been newly added to the portfolio Rolls-Royce with its Power Systems business has set up a new o ...

WinJi, a Swiss start-up that developed the innovative “True Power” renewable energy asset management platform, has been awarded a $1.5 Million (CHF 1.8 M) loan guarantee by the Swiss Technology Fund. This loan guarantee will facilitate WinJi’s upcoming debt-raising, with a view to accelerate the company’s growth and finance further platform developments. Technology Fund successfully approved WinJi’s technol ...

AC Energy Inc., the power unit of the Ayala Group, will build two new solar plants in Central Luzon as it continues to expand its renewable energy portfolio. In a disclosure to the Philippine Stock Exchange yesterday, ACEN said the two projects, with a combined cost of about P6.2 billion, would have an aggregate capacity of up to 150 megawatts (MW). One project will involve a 75-MW facility located in Araya ...

Engineering consulting firm SMEC has been hired to support hydropower development projects in India and Nepal. In India, contractor Megha Engineering & Infrastructures has selected SMEC to serve as its engineering and project management services partner for the Kundah Pumped Storage Hydroelectric Project. Megha Engineering & Infrastructures is the project’s main contractor, operating under a contrac ...

SET-listed Banpu Power (BPP) saw a slight increase in sales revenue for the second quarter of 2020, helped by three combined heat and power plants in China. Profit fell 11% from the same quarter last year to 806 million baht on total sales revenue of 1.06 billion baht because of the changing price of coal. BPP maintained gross profit of 12% while the average cost of coal for the quarter was at 540 yuan ...

MHI Vestas Offshore Wind will source towers from CS Wind/Chin Fong partnership as purchase agreement signed, delivering on the OEM’s local ambitions. Further positioning Taiwan at the centre of the emerging offshore wind energy industry in Asia Pacific, MHI Vestas has finalised a purchase agreement with the CS Wind/Chin Fong partnership to source towers for its offshore wind turbines in Taiwan. This purchas ...