Renewable Energy

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

Role of prosumers in renewable energy adoption in India – EQ

February 12, 2024 Anand Gupta

In Short : Prosumers, a portmanteau of “producer” and “consumer,” play a crucial role in driving renewable energy adoption in India. These individuals or entities not only consume electricity but also generate it, often through the installation of renewable energy systems like solar panels. In Detail : Draft amendments to the Electricity Act 2003 (EA […]

Morocco should harness its abundant renewable energy potential for climate mitigation: IMF

November 2, 2023 Anand Gupta

In Short : The International Monetary Fund (IMF) has advised Morocco to tap into its abundant renewable energy resources to mitigate climate change impacts. With its substantial solar and wind energy potential, Morocco can significantly reduce greenhouse gas emissions and transition to a more sustainable energy system. By investing in renewable energy projects, the country […]

Renewable Energy

Siemens Energy weighs sale of stake in Indian firm to Siemens: source

October 31, 2023 Anand Gupta

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Siemens Energy (ENR1n.DE) is considering selling a part of its 24% stake in Indian-listed Siemens Ltd (SIEM.NS) to former parent Siemens AG (SIEGn.DE) to shore up its balance sheet, two people familiar with the matter said. The stake is currently worth around $3.4 billion and a partial sale would be a quick way for the […]

Renewable Energy

International Copper Association India reports notable 16 per cent growth in Copper demand in 2023

October 31, 2023 Anand Gupta

Copper demand in India has surged to 1,522 KT in 2023 from 1,311 KT in 2022. The findings are part of the Copper Demand Study in India (FY23)which was released by the International Copper Association India (ICA India) today. The copper demand registered double-digit growth for consecutive years after a contraction in FY21 due to […]

Renewable Energy

Manitoba Unveils Ambitious 10 GW Vertical Solar Panel Project in Collaboration with RCT Solutions

July 29, 2023 Anand Gupta

Canada’s Manitoba provincial government has revealed its ambitious plan to establish a state-of-the-art solar manufacturing hub with an impressive 10 GW annual capacity to meet the surging demand for solar energy in North America. Joining forces with Germany’s RCT Solutions GmbH, a renowned player in the solar industry, the $3 billion project aims to create […]

Renewable Energy

US to open Energy Department land to clean energy development

July 29, 2023 Anand Gupta

WASHINGTON : The US will announce on Friday a program to repurpose Department of Energy Department land, including part of a site contaminated during the production of atomic bombs about 80 years ago, for generation of clean energy including wind, solar and nuclear power. The DOE said it has identified about 70,000 acres (283.28 square […]

Renewable Energy

COP28 host UAE pledges to triple renewables – EQ Mag

July 4, 2023 Anand Gupta

The oil-rich United Arab Emirates said it would triple renewable energy production as part of a raft of environmental initiatives announced on Monday, months before it hosts UN climate talks. The UAE, one of the world’s biggest exporters of emissions-producing crude oil, also unveiled national strategies on hydrogen and electric cars. Few details were revealed […]

Renewable Energy

Power ministry to benchmark biomass pellet prices

June 28, 2023 Anand Gupta

New Delhi : Ministry of Power (MoP) has decided to benchmark the prices of biomass pellets used for co-firing in Thermal Power Plants (TPPs). The decision comes in view of evolving market conditions for biomass pellets and requests received from stakeholders including thermal power plants, pellet manufacturers, farmers, bankers etc. The benchmarked price shall take […]

AP bets on renewable energy to meet goals

May 30, 2023 Anand Gupta

VISAKHAPATNAM : Anticipating a further increase in the electricity demand, the state energy department has focused on transformation of the sector. The annual energy consumption in the state has increased by over 31% in the last six years – from 50,077 million units in 2017-18 to 65,830 MU in 2022-23. The power utilities met the […]

Renewable Energy

Bhutan, Bitdeer plan $500 million green crypto fund

May 5, 2023 Anand Gupta

Bhutan and Singapore-based Bitdeer Technologies Group (比特小鹿) have announced plans to raise US$500 million to establish cryptocurrency mining operations that use the Himalayan kingdom’s plentiful hydropower. Huge amounts of electricity are needed to power the vast computer farms that mine for cryptocurrency, leading to heavy criticism of its effect on the climate and efforts to […]

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