REC Raises $500 Million Through Bonds

REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bond issued under its Global Medium Term Programme of USD 7 billion. The transaction was priced inside the fair value of existing secondary curve of REC USD bonds and is the lowest coupon ever achieved by REC in the USD bond market. Commenting on […]

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Northvolt plans to expand gigafactory in Poland

Swedish battery manufacturer Northvolt is planning to invest another $200 million in its Polish production facility in Gdansk, in northern Poland. “The investment will facilitate a ramp-up in the manufacturing capacity of battery modules and systems in order to fulfill contracts that Northvolt has secured with customers seeking long-term, high-volume supply agreements for complete battery […]

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AI based Market Bidding platform developed by Fluence gets selected for 182.5 MW BESS project in CA, US

Fluence, the leading global energy storage technology, software and services provider, today announced that its A.I.-powered Trading Platform has been selected to provide optimization and market bidding services for Pacific Gas and Electric Company’s 182.5 MW, 730 MWh battery energy storage system in Moss Landing, Calif. Using artificial intelligence, advanced price forecasting, portfolio optimization and […]

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Alstom confirms acquisition of Bombardier

Alstom, a major French rolling stock manufacturer, recently completed its acquisition of Bombardier Transportation. Alstom integrated Bombardier Transportation while levering its Alstom In Motion strategy and says that it hopes to strengthen its leadership in the growing sustainable mobility market. Here’s how the acquisition of Bombardier is expected to benefit Alstom and their collective customer […]

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New Opportunities For India To Build A New Energy Future!

India is set to see the largest increase in energy demand of any country over next 20 years, new IEA report says, highlighting potential for policies and investment to accelerate clean energy transition India’s ability to ensure affordable, clean and reliable energy for its growing population will be vital for the future development of its […]

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