Adani Group

India has long been dependent on coal-fired power for much of its electricity, and the country still gets about 70% of its energy from burning coal according to government data. The Institute for Energy

India’s Adani Group announced more development of renewable energy, with the company on Dec. 27 saying its Adani Green Energy arm has received $300 million for the transfer of a 1,050-MW clean energy portfolio as part of a joint venture (JV) with France’s TotalEnergies. The announcement Wednesday came one day after Adani, led by billionaire […]

India has one of the world’s most aggressive solar development targets. The country’s leaders have said they want to install 450 GW of renewable power generation capacity by 2030, a figure that would

Siemens Buys Out Iberdrola, Readying to Spin Off Gas and Power and SGRE Businesses. Siemens AG will acquire Spanish renewables giant Iberdrola SA’s full 8.1% stake in Siemens Gamesa Renewable Energy (SGRE)

Financing has reportedly been secured for a 1,600-MW coal-fired power plant in India’s eastern state of Jharkhand. Qatar’s Gulf Times newspaper reported April 6 that Power Finance Corp., a state-run lender in India, and its subsidiary REC approved a $1.5 billion loan for the project. The report said the new plant would be funded through loans […]