renewable investments

Global | News

Brookfield raises USD 20 billion for second global transition fund
By October 10, 2025October 10, 2025

Brookfield Asset Management has completed the final close of its Brookfield Global Transition Fund II (BGTF II), raising USD 20 billion to accelerate investments in clean energy and low-carbon technologies worldwide. The fund will finance a broad portfolio across wind, solar, battery storage, carbon capture, and other clean energy assets. In India, it will support more than 10 GW of renewable and storage projects through its joint venture, Evren. BGTF II exceeded its initial fundraising…

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India | News

Bondada to develop 2,000 MW solar project in Andhra Pradesh
By May 26, 2025May 26, 2025

The Government of Andhra Pradesh (GoAP) has allocated a 2,000 MW (2,600 MWp) solar power project to Bondada Engineering Limited. The project was awarded on May 22, 2025, and will be developed over the next 24 months at an estimated cost of Rs 90 billion. The rollout of the project will be phased. A 250 MW capacity will be commissioned by FY 2026, 750 MW by FY 2027, and the remaining 1,000 MW by FY…

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Global | News

Shell reduces offshore wind investments, restructures power division
By December 5, 2024December 5, 2024

Shell is scaling back its offshore wind investments and restructuring its power division following a comprehensive review. This shift aligns with CEO Wael Sawan’s strategy to focus on high-return activities, particularly in oil, gas, and biofuels, while reducing costs in low-carbon and renewable sectors. A Shell spokesperson confirmed that the company will not lead new offshore wind developments but remains interested in offtakes with acceptable commercial terms and may consider equity positions in compelling investment…

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Global | News

ACWA Power grows renewable portfolio in Africa
By November 4, 2024November 4, 2024

ACWA Power’s Redstone Concentrating Solar Power (CSP) plant in South Africa has synchronized 50 MW to the national grid, with full capacity expected to reach 100 MW shortly. Developed in collaboration with Herlogas and SEPCOIII, the Redstone CSP is set to deliver clean energy to approximately 200,000 households, significantly curbing carbon emissions. Meanwhile, the Kom Ombo Photovoltaic (PV) plant in Egypt has achieved its full production capacity of 200 MW, supplying clean energy to over…

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