The European Investment Bank (EIB), known as the world’s largest multilateral bank and a leading financier of renewable energy projects, has made a landmark commitment by signing its first-ever investment in Bhutan. This €150 million loan agreement, aimed at enhancing renewable energy generation, marks a significant milestone in Bhutan’s efforts to maintain its status as […]
Brigade Enterprises Limited has announced a significant new venture, the Brigade Tech Boulevard, by entering into a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt Ltd. This collaboration aims to develop a ‘Grade A’ office space located on the bustling Pallavaram-Thoraipakkam Radial Road in Chennai. With an investment of approximately ₹400 crores, the […]
ExxonMobil has announced a final investment decision on the Whiptail development project located offshore Guyana in the Stabroek block, marking a major advancement in the country’s oil sector. This decision, backed by necessary government and regulatory approvals, forecasts an increase in daily oil production capacity by approximately 250,000 barrels, aiming for full operation by the […]
OKEA ASA (OSE: OKEA), in a strategic collaboration with its partners, has officially announced the final investment decision (FID) for the Brasse development, marking a significant milestone in North Sea oil exploration. Located just 13 kilometers south of the Brage field, the Brasse development is poised to be a key player in the energy sector, […]
Vedanta Aluminium, India’s preeminent aluminium producer, has announced a landmark expansion, signaling its intent to enter the top tier of global aluminium production. The company has successfully commissioned a new 1.5 million tonnes per annum (MTPA) expansion at its state-of-the-art alumina refinery in Lanjigarh, Odisha. This strategic move is part of Vedanta’s broader expansion plan, […]
TP Saurya Limited (TPSL), under Tata Power Renewable Energy Limited (TPREL), announces the successful commissioning of a 200MW solar project in Bikaner, Rajasthan. This project, aimed at Tata Power Trading Company Limited, a subsidiary of The Tata Power Company Limited, is expected to generate 485 Million Units of energy annually. It represents a significant stride […]
In a landmark move for nuclear science and sustainable development, the Philippine Nuclear Research Institute (PNRI) and Curio Legacy Ventures, Inc. (Curio) have entered into a significant Memorandum of Understanding (MOU) on March 4, 2024. Officially reaffirmed at Curio headquarters on March 14th, this partnership sets the stage for a series of collaborative efforts designed […]
In a significant move within the renewable energy sector, Ocean Winds (OW), a joint venture between EDP Renewables and ENGIE dedicated to offshore wind energy, has acquired full ownership of the SouthCoast Wind project located off the coast of Massachusetts, United States. This acquisition marks a pivotal step in the expansion of offshore wind energy […]
In a major move towards sustainable development, Iberdrola has announced its plan to invest €41 billion and hire 10,000 individuals by 2026, accelerating the electrification process. This massive investment includes the acquisition of an 18.4% stake in Avangrid, previously disclosed. Additionally, Iberdrola’s partners in renewables are set to contribute €5 billion, effectively netting the investment […]
In a significant stride towards bolstering its renewable energy footprint, Recurrent Energy, a subsidiary of the global solar power giant Canadian Solar Inc. (NASDAQ: CSIQ), has announced the acquisition of a substantial solar photovoltaic (PV) portfolio located in the south of Spain. This move underscores the company’s commitment to enhancing its development pipeline and asset […]