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Adani Electricity to meet 30% of Mumbai power demand via renewable sources – EQ Mag Pro

The company has linked these targets with financial penalty for non-achievement under its recent issuance of US Dollar denominated Bond to international investors, demonstrating commitment Adani Group firm Adani Electricity Mumbai Ltd, which distributes power in Mumbai, on Wednesday said it will meet 30 per cent of the energy demand of the metro city through […]

New climate target poses upside risks to outlook for renewable growth: Fitch Solutions – EQ Mag Pro

With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long plagued renewable proliferation. At the 2021 Climate Change Conference, also known as COP26, Modi outlined a net zero emissions target by 2070 for India. Fitch Solutions on Thursday said the new climate […]

UAE and IRENA Launch USD 1 billion Global Finance Platform to Accelerate Renewable Energy – EQ Mag Pro

Energy Transition Accelerator Financing (ETAF) Platform secures USD 400 million anchor funding from Abu Dhabi Fund for Development as first strategic partner. Platform launched at COP26 aims to finance 1.5 GW of new renewable energy power in developing countries by 2030. Glasgow :  The United Arab Emirates and the International Renewable Energy Agency (IRENA) today […]

Adani Electricity to meet 30% of Mumbai’s power demand through renewable energy – EQ Mag Pro

The company has linked these targets with financial penalty for non-achievement under its recent issuance of US Dollar denominated bonds to international investors, demonstrating commitment. Adani Group firm Adani Electricity Mumbai Ltd, which distributes power in Mumbai, on Wednesday said it will meet 30 percent of the energy demand of the metro city through renewable […]

Fitch Solutions says new climate target poses upside risks to outlook for renewable growth – EQ Mag Pro

Fitch Solutions on Thursday said the new climate targets announced at the COP26 summit by Prime minister Narendra Modi pose an upside risk to its outlook for renewable growth in the country. With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long […]

German parties aim to abolish renewable energy surcharge from 2023-sources – EQ Mag Pro

FRANKFURT  : Germany’s Social Democrats, Greens and Free Democrats have reached an initial agreement in talks on forming a new government to abolish a renewable energy surcharge by January 2023, negotiators told Reuters on Wednesday. The EEG surcharge, which is used to fund wind and solar power production costs of more than 20 billion euros […]

India voluntarily, unilaterally enhanced self-declared commitments of renewable energy: Shringla – EQ Mag Pro

Glasgow [UK] : India voluntarily and unilaterally enhanced its self-declared commitments in terms of renewable energy at the 26th session of the Conference of Parties (COP26) in Glasgow, Foreign Secretary Harsh Vardhan Shringla said on Tuesday at Special Briefing on Prime Minister Narendra Modi’s visit to Glasgow. “The ‘Panch Amrit’ that Prime Minister announced was […]

PM Modi to unveil ambitious plan for expanding clean, renewable energy at COP26 in Glasgow to meet 2030 targets – EQ Mag Pro

Prime Minister Narendra Modi will unveil an ambitious plan on expanding clean and renewable energy at COP26 in Glasgow. India is among the top countries in the world in terms of installed renewable energy, wind and solar energy capacity and is on course to achieve the target of 450 GigaWatt of renewable energy by 2030. […]