Singapore Revises Clean Energy Claims Rules to Address Greenwashing Risks

Singapore’s Ministry of Energy, Trade and Industry announced the release of an updated Singapore Standard 673 (SS 673), its standard for companies using RECs (Renewable Energy Certificates) to demonstrate their use of renewable electricity for sustainability reporting, with tighter rules…

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India has 5.3GWh of operational BESS, with 185GWh under development, CEA official says

India has 5.3GWh of operational battery energy storage system (BESS) capacity, with a further 185GWh of projects under development, according to Prashant Bhamu, deputy director of integrated resources planning at the Central Electricity Authority (CEA), part of the Ministry of…

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Iberdrola Returns to U.S. Debt Market with $1.6 Billion Green Bond Issuance

Spanish multinational energy company Iberdrola announced that it has raised $1.6 billion in a green bond issuance in the U.S., with proceeds to be used to finance U.S. electricity network asset investments, including transmission and renewable energy facilities. The offering…

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Hg Acquires Majority Stake in Renewable Energy Advisory and Software Provider 3E

Software and services-focused investment firm Hg announced the acquisition of a majority stake in renewable energy software and technical advisory services provider 3E from India-based renewable energy developer and operator ReNew and minority shareholders. Founded in 1999 as a spin-off…

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Masdar Issues Inaugural $600 Million Blue Bond to Fund Water-Based Clean Energy Projects

UAE-based renewable energy developer Masdar announced that it has raised $600 million through its first blue bond issuance, with proceeds aimed at financing marine-based renewable energy projects, including offshore wind. The issuance follows the release last month of Masdar’s updated…

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