Other

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Higher Operating Costs Drive Fuel Cell Firm Ballard’s Net Loss Up 39% YoY in Q3

Ballard Power Systems, a fuel cell and clean energy solutions provider, recorded a net loss of $42.88 million in the third quarter (Q3) of 2022, a year-over-year (YoY)...

November 9, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Solid Power Posts Loss of $12.4 Million in Q3 As Operating Expenses Soar

Solid Power, Inc., a U.S.-based developer of all-solid-state battery cells for electric vehicles (EVs), reported a net loss of $12.4 million for the third quarter (Q3)...

November 9, 2022

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Satish Shetty

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Other

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Renewable Energy
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MNRE Approves ₹8.5 Billion National Bioenergy Program

The Ministry of New and Renewable Energy (MNRE) has notified the National Bioenergy Program, valid from FY 2021-22 to FY 2025-26. The program has been recommended for...

November 9, 2022

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Rakesh Ranjan

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Other

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Renewable Energy
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CERC Announces Levelized Tariffs for Small Hydro, Biomass and Biogas Projects for FY23

The Central Electricity Regulatory Commission (CERC) has issued levelized generic tariffs for renewables for the financial year (FY) 2022-23. The control period of the...

November 9, 2022

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Funding and M&A Roundup: Carlyle Acquires Majority Stake in Aspen Power for $350 Million

From: Mercom Capital Group Carlyle, a global investment firm, acquired a majority stake in Aspen Power Partners, a distributed generation platform focused on solar and...

November 9, 2022

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Staff

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Finance and M&A

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Other
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Daily-News Wrap-Up: Power Ministry Amends Charging Infrastructure Guidelines for EVs

Here are some noteworthy cleantech announcements of the day from around the world: The Power Ministry has issued amendments to Charging Infrastructure for Electric...

November 9, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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Early Rollout of Fiscal Policy Could Reduce Emissions in the Middle East & Central Asia

The Middle East and Central Asian countries have collectively pledged to reduce annual greenhouse gas emissions (GHG) in 2030 by 13-21%, a new IMF study estimates. On...

November 9, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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KKR to Invest $400 Million in Serentica Renewables

Private equity firm KKR will invest $400 million in Serentica Renewables to ramp up its clean energy portfolio and provide energy transition solutions to industries....

November 8, 2022

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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People Without Electricity Set to Increase in 2022 for First Time in Decades

The number of people living without electricity is set to rise by nearly 20 million in 2022, reaching nearly 775 million, finds International Energy Agency’s (IEA)...

November 8, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties

Vestas Wind Systems, a wind turbine manufacturer, posted a loss of €147 million (~$146.33 million) in the third quarter (Q3) of the calendar year (CY) 2022, compared to...

November 7, 2022

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Rakesh Ranjan

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Other

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Wind
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Amara Raja Advance Cell Company to Manufacture Lithium-Ion Batteries

Amara Raja Batteries recorded a consolidated net profit of ₹2.02 billion (~$24.54 million) in the second quarter (Q2) of the financial year (FY) 2023, a jump of 40%...

November 7, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Farm-downs, Partnerships Drive Wind Developer Orsted’s Profit Up in Q3

Denmark-based wind developer Orsted posted a net profit of DKK9.36 billion (~$1.26 billion) in the third quarter (Q3) of 2022, a massive jump of 1,821% year-over-year...

November 8, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales

Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from...

November 8, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity

The World Bank Group (WBG) recently approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using...

November 8, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-Up: MNRE Amends Bidding Rules for Wind-Solar Hybrid Power Projects

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for...

November 8, 2022

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Arjun Joshi

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Other

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Renewable Energy

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