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TOYO to build 2GW solar cell manufacturing facility in Ethiopia
Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up…
GAIL and TruAlt Bioenergy form JV for compressed biogas plants
GAIL (India) Limited has entered into a joint venture with TruAlt Bioenergy to expand the compressed biogas (CBG) sector. As part of the agreement, GAIL will acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a wholly owned subsidiary of TruAlt. The transaction is subject to conditions precedent and approval from the…
Global shift towards sustainable energy drives $3.1 trillion investment surge
A new report from the International Solar Alliance (ISA) highlights a global increase in sustainable energy investments, rising from $2.4 trillion in 2018 to an expected $3.1 trillion by 2024, with solar energy dominating green investments. Solar alone now accounts for 59 per cent of these investments, primarily due to decreasing technology costs and a…
ACME Solar secures SBI funding for 400 MW FDRE project
ACME Venus Urja Private Limited, a subsidiary of ACME Solar Holdings Limited, has arranged long-term financing of Rs 3,892 crore from State Bank of India for a 400 MW firm and dispatchable renewable energy project in Barmer, Rajasthan. The loan will be repaid over 19 years. The project marks ACME’s largest financing support from SBI…
World Bank approves loan for Bosnia and Herzegovina’s energy transition
On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select…
NTPC Renewable adds 133.7 MW solar capacity at Khavda
NTPC Renewable Energy Limited (NREL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has declared commercial operation of two additional solar capacities at its Khavda projects in Gujarat. A 95.75 MW part capacity from the 1,255 MW Khavda-I Solar PV Project under the CPSU Scheme Phase-II Tranche-III commenced commercial operation from October 18,…
