India's first sovereign green bond issue yields better than expected. The 10-year bond has a coupon rate of 7.29%, 6 basis points lower than sovereign debt of similar maturity. Proceeds will be used for renewable energy projects and infrastructure. Prime Minister Narendra Modi's goal is to zero greenhouse gas emissions by 2070.

AdGreen Energy reported sales of its solar portfolio surged 9% from 2.3 billion units to 2.507 billion units in the quarter ending December 2022. The growth is supported by the commissioning of 150 MW in Rajasthan in November 2022 and a 140 basis point increase in capacity utilization (CUF), the company said.

The solar-powered Zephyr drone is designed to stay at altitudes of about 70,000 feet (21 kilometers) for months at a time. The drones run on solar power, with secondary batteries charged during the day to power nighttime flights. Airbus plans to retain ownership of Aalto, but will consider outside investment to help accelerate the company's goals.

The King of Wales wants to use the proceeds of a new multi-million pound wind farm deal with the Crown Estate for the "wider public good", Buckingham Palace said. Profits from the Crown Estate finance the British Crown, and profits from it finance the maintenance of the Crown. Crown Estate has secured agreements for six offshore wind projects worth around £1bn. Six projects could start generating green electricity by the end of the decade, potentially powering seven million homes. The Sovereign Appropriation is 25% of the Crown Estate's annual profits and is used to cover the expenses of the Crown.

Unigel announced plans to build the plant last July, when it said it would make an initial investment of $120 million. Green hydrogen will use electrolysers supplied by Thyssenkrupp Nucera. Much of the plant's output will be exported to regions such as Europe to meet demand for products that reduce or eliminate carbon emissions.

European Commission President Ursula von der Leyen has presented the outlines of her "Green Deal Industrial Plan". The 27-nation bloc will become stronger in its fight against unfair trade practices if they emanate from Washington, or more importantly, Beijing. The EU does not want to be dependent on China for rare-earth materials critical to the development of battery storage, hydrogen and wind power.

The United Arab Emirates (UAE) has decided to invest $30 billion in Korean industry. Investments will target sectors such as nuclear power, defence, hydrogen and solar. South Korean President Yoon Hee-yeol met with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. The two countries also signed 13 memorandums of understanding on expanding economic cooperation.

The proposed rule change is expected to save developers $1 billion over 20 years. The U.S. Department of the Interior has approved the first two commercial-scale offshore wind projects in the United States. The department expects to hold as many as four auctions and review at least 16 new commercial facilities by 2025. President Biden's administration has set a goal of having 15 GW of floating offshore wind capacity by 2035.

Zimbabwe's net metering system, launched in 2020, allows those producing private renewable energy to transfer excess generation to the national grid. The southern African country is suffering from chronic power shortages, especially after its main Kariba hydropower plant cut power last month due to low water levels. According to the latest official figures, Zimbabwe's net metering system currently has 117 active customers with a total power capacity of 4.9MW. But some analysts and lawmakers have questioned whether the system can be relied upon or expanded sufficiently to truly address the worsening energy crisis.

Albania aims to become the region's energy leader and net electricity exporter by 2030. The drought and energy crisis of the past year and a half have devastated the state's finances. Albania is almost 100% dependent on hydroelectric power plants as it still has no wind farms. The country is preparing for its first wind auction. Deputy Prime Minister Edi Balluku has announced plans to conduct 200 megawatts (MW) of solar auctions by the end of the year.

In the initial public call, the quota was 100 MW, with the possibility of increasing to 150 MW. A total of 55 projects are awaiting approval from the Ministry of Infrastructure and Energy, Balluku said. In her words, the total capacity is 1.7 GW and the total value is 1.1 billion euros.