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CrossBoundary Energy secures $140m from Standard Bank
CrossBoundary Energy has secured a $140 million senior debt commitment from Standard Bank of South Africa to scale its renewable energy portfolio across Africa. The financing marks the first tranche of a broader $300 million debt mandate with Standard Bank. CrossBoundary Energy’s current portfolio spans 18 African countries, including 330 MW of solar and wind…
India and Denmark renew energy cooperation MoU
India and Denmark have signed a renewed Memorandum of Understanding (MoU) to strengthen their partnership on clean energy. This move builds on five years of collaboration and supports India’s goal of achieving net-zero emissions by 2070. The original MoU, signed on June 5, 2020, was set to end in 2025. By renewing it early, both…
SSE and FuturEnergy submit plans for Irish wind farm
SSE Renewables and FuturEnergy Ireland have submitted a planning application for the 122 MW Cummeennabuddoge wind farm to An Bord Pleanala, Ireland’s national planning authority. The project, located 5km northwest of Ballyvourney on the Cork-Kerry border, aims to power 81,900 homes annually and contribute to Ireland’s clean energy goals. The 17-turbine wind farm could produce…
Hero Future Energies secures hybrid project in Andhra Pradesh
Hero Future Energies (HFE), through its special purpose vehicle Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 1,908 crore in funding from the State Bank of India (SBI) and Canara Bank to develop a 120 MW hybrid renewable energy project in Kurnool, Andhra Pradesh. The project, contracted with SJVN, will integrate wind, solar,…
MoEFCC proposes GEI targets for carbon market compliance
The Ministry of Environment, Forest and Climate Change (MoEFCC) has released a draft notification on 23 June 2025, setting greenhouse gas emission intensity (GEI) targets for 118 industrial units. These targets are part of the compliance mechanism under the Carbon Credit Trading Scheme, 2023. The notification outlines how obligated entities—mainly from the aluminium and steel…
European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen reports
According to LevelTen, a price tracking platform, European power purchase agreement (PPA) prices for green electricity dropped by 12.4% in Q3 2024 compared to the same period in 2023. This decrease is attributed to declining inflation and reduced market volatility following the COVID-19 pandemic and the 2022 energy crisis. LevelTen’s quarterly report suggests that current…
