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TPREL and Tata Motors Collaborate for 131 MW Wind-Solar Hybrid Project
Tata Power Renewable Energy Limited (TPREL), Tata Power's renewable energy subsidiary, signed a landmark Power Purchase Agreement (PPA) with Tata Motors for co-developing a 131 MW wind-solar hybrid project. The project will supply clean energy round-the-clock to six Tata Motors manufacturing facilities in Maharashtra and Gujarat. A Green Milestone for...
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Coal India Plans Major Expansion of Thermal Power Plants
Coal India, the largest coal producer in the nation, has announced plans to establish new thermal power plants in order to cope with increased electricity demand. This expansion includes major projects positioned in Madhya Pradesh and Odisha and is set to be completed by 2030. In Madhya Pradesh, the firm...
Atlas Renewable Energy Raises $510M for Chile's Largest Hybrid Solar and Storage Project
Atlas Renewable Energy has raised $510 million in funding for its Estepa Project, a massive hybrid solar photovoltaic and battery energy storage system (BESS) in Chile's Antofagasta region. It is the company's largest funding deal to date. The transaction was arranged on strongly competitive terms with the assistance of a...
US Finalizes Tariffs on Solar Cell Imports from Southeast Asia
US trade authorities have finalized high tariffs on solar cell imports from Southeast Asia. The step supports American solar companies which filed a trade complaint last year. These companies, including Hanva Cussels and First Solar, claimed that Chinese -owned firms were reducing the US market. The complaint accused manufacturers in...
Chevron Begins Production at Ballymore Oil and Gas Project in Deepwater Gulf of Mexico
Chevron Corporation has begun oil and gas production at its Ballymore subsea tieback development in the deepwater Gulf of Mexico. The project supports the company’s wider objective of achieving 300,000 net barrels of oil equivalent per day from the area by 2026. Efficient Tieback to Blind Faith Platform The Ballymore...
European Investment Bank and AllianzGI Expand Climate Financing with €450 Million Fund
The EIB and Allianz Global Investors (AllianzGI) have closed the Emerging Markets Climate Action Fund recently with a total size of €450 million; with €20 million in a contribution by the German government. The instrument has since transformed to be one of the biggest blended finance equity funds in
Quinbrook Secures AUD$722 Million Debt Financing for Supernode Battery Storage Project
Quinbrook Infrastructure Partners said it has secured debt financing of AUD$722 million for its Supernode battery storage project in Queensland. This marks the largest stand alone Battery Energy Storage System (BESS) project financing in Australia to date. Australia's Largest BESS Project The supern
Catalyze Secures $85 Million Tax Equity Financing from RBC to Fund 75MW of Solar Projects
Catalyze, an integrated developer and Independent Power Producer (IPP) of distributed renewable energy properties, has obtained an $85 million tax equity investment from RBC Community Investments. The financing will be used to construct and commission around 75 megawatts (MW) of commercial and industrial (C&I) and community solar projects throughout the...
Zero Industrial Raises $10 Million to Advance Clean Industrial Heat Solutions
Zero Industrial, Inc., a US-based developer focused on decarbonizing industrial heating through thermal energy storage (TES) systems, has raised $10 million in a recent funding round. The investment was led by Evok Innovations, with additional support from Rusheen Capital Management. Ted Kniesche, co-founder and CEO of Zero Industrial, said, “We...
Coal India Plans Major Expansion of Thermal Power Plants
Coal India, the largest coal producer in the nation, has announced plans to establish new thermal power plants in order to cope with increased electricity demand. This expansion includes major projects positioned in Madhya Pradesh and Odisha and is set to be completed by 2030. In Madhya Pradesh, the firm...
Chevron Begins Production at Ballymore Oil and Gas Project in Deepwater Gulf of Mexico
Chevron Corporation has begun oil and gas production at its Ballymore subsea tieback development in the deepwater Gulf of Mexico. The project supports the company’s wider objective of achieving 300,000 net barrels of oil equivalent per day from the area by 2026. Efficient Tieback to Blind Faith Platform The Ballymore...
IFC Partners with Santander Chile for $100 Million Green Building Loan
International Finance Corporation (IFC), a member of the World Bank Group, has announced a $100 million loan to Santander Chile to speed up the construction of green building projects. This project marks IFC's first green loan in Chile exclusively for green construction and the first-ever green financing provided by IFC...
Blastr Green Steel Secures Funding for Ultra-Low CO2 Steel Plant in Finland
Blastr Green Steel (Blastr) announced closing of its second strategic partner financing round, securing critical funding to advance its European integrated ultra-low CO2 steel value chain. The investment will support the development of its flagship steel plant in Inkoo, Finland, a key milestone in B
White House Dismisses Rumours of Executive Action Targeting Climate Nonprofits
Climate focused nonprofits can breathe easier for now. According to a Reuters report, the White House has no plans to strip their tax-exempt status. This assurance comes as advocacy groups brace for potential executive actions linked to environmental regulations. Climate Organizations Prepare for Potential Policy Changes Last week, the American...
EU Considers Easing Methane Rules for US LNG to Avoid Trade Rift
The European Union is considering ways to allow US liquefied natural gas (LNG) exporters to meet its new methane emissions regulations more easily, in an effort to ease trade tensions with US President Donald Trump and potentially prevent retaliatory tariffs, as reported by Reuters. The move is part of a...
Trump Budget Proposal Targets NOAA Cuts, Climate Research and Fisheries Protections
The Trump administration is planning to make cuts to the National Oceanic and Atmospheric Administration (NOAA), according to a draft budget. The plan will reduce NOAA’s fudning by $1.67 billion. This amount represents about 27% of its current budget. This cut to the budget could severely impact and reshape the...
Trump Administration to End Climate Assessment Contract
The Trump administration plans to end its contract with global advisory firm ICF, which plays a key role in producing the National Climate Assessment (NCA). The NCA is a comprehensive report published every five years that assesses how climate change impacts the United States. The administration’s decision to scrap this...
Google Expands Renewable Energy Portfolio with Offshore Wind Deal in Taiwan
Google has announced its first offshore wind power purchase agreement (PPA) in Asia. The search engine giant has signed an agreement to purchase renewable energy from a new Taiwanese wind farm. Copenhagen Infrastructure Partners (CIP) is in charge of developing the project. Expanding Google’s Clean Energy Footprint in Taiwan This...
Atlas Renewable Energy Raises $510M for Chile's Largest Hybrid Solar and Storage Project
Atlas Renewable Energy has raised $510 million in funding for its Estepa Project, a massive hybrid solar photovoltaic and battery energy storage system (BESS) in Chile's Antofagasta region. It is the company's largest funding deal to date. The transaction was arranged on strongly competitive terms with the assistance of a...
EIB and Iberdrola Sign €108M Green Loan to Boost Valdecañas Hydro Storage
The European Investment Bank (EIB) has entered into two green loan agreements with Iberdrola for a total of €108 million to finance modernization at the Valdecañas hydroelectric facility in Spain. The package of financing comprises a €50 million loan from EIB's own resources and a further €58 million from the...
Repsol Launches Chile’s Largest Wind Farm
Repsol has commenced electricity production at Antofagasta Phase 1, the company's biggest wind power project to date and one of the largest wind farms in Chile. The facility is situated in the Taltal municipality of the Antofagasta region and has an overall installed capacity of 364 megawatts (MW) and marks...
DKSH and Klimate Partner to Advance CO₂ Removal and Net-Zero Goals
DKSH has entered into a carbon removal purchase agreement with Klimate, a trusted provider of high-quality, verifiable carbon dioxide removal (CDR) solutions. This partnership demonstrates DKSH’s proactive commitment to mitigating climate change while progressing toward its net-zero targets. The agreement covers two innovative removal technologies, direct air capture and artisanal...
STAX Engineering and Seabound Launch Carbon Capture Solution at Port of Long Beach
California-based STAX Engineering and UK-based Seabound successfully unveiled the maritime industry’s first fully integrated emissions capture and carbon removal system at the Port of Long Beach. The showcase presented a fully integrated, real-world approach to significantly cutting both criteria pollutants and greenhouse gas emissions from docked ships, offering a scalable...
Microsoft Signs the World's Biggest Carbon Removal Contract in Louisiana
Microsoft has announced the signing of an agreement for what it describes as the world's largest permanent carbon removal project, as per Reuters. The deal includes the removal of 6.75 million metric tons of carbon dioxide over the course of 15 years using a bioenergy with carbon capture and storage...
Norne Awarded License for CO2 Storage Exploration in Denmark’s Thorning Structure
Norne Thorning Storage ApS, a company backed by Fidelis New Energy, LLC, has been granted an exploration license by the Danish Minister of Climate, Energy and Utilities for the Thorning structure in central Jutland. The license marks a key step toward establishing one of Denmark’s future hubs for safe and...