Keeping in view that the overall debt requirement is large and reducing the cost of financing to the renewable energy developers is important, it also suggested that the Ministry of New and Renewable Energy (MNRE) may explore the possibility of prescribing Renewable Finance Obligation on the lines of Renewable Purchase Obligation (RPO) for banks and […]
CORPORATE CLEAN ENERGY BUYING TOPS 30GW MARK IN RECORD YEAR – EQ Mag Pro
Corporations purchased 31.1 gigawatts of clean power through long-term contracts, largely driven by activity in the U.S. and from large technology companies New York and London : Corporations bought a record 31.1 gigawatts of clean energy through power purchase agreements, or PPAs, in 2021, up nearly 24% from the previous year’s record of 25.1GW according […]
UNEP, partners to train rural women on clean energy livelihoods – EQ Mag Pro
New Delhi : The UN Environment Programme (UNEP), ReNew Power, India’s leading clean energy company, and the Self-Employed Women’s Association (SEWA) have launched a partnership in the Indian state of Gujarat to teach women from the informal sector skillsthat will allow them to work in the modern clean energy industry. The multi-pronged programme will facilitate […]
China Sets Offshore Wind Record Amid Clean Energy Surge – EQ Mag Pro
China added a record amount of offshore wind last year as the country added massive amounts of renewable energy to help meet climate goals. The country now has the largest fleet of offshore wind turbines in the world after adding 16.9 gigawatts in 2021, state-owned CCTV reported, citing National Energy Administration data. Total wind installations […]
Geely Going Solar at Car Factories as Part of Clean-Energy Push – EQ Mag Pro
China’s biggest private carmaker Zhejiang Geely Holding Group Co. will install photovoltaic cells on the roofs of all of its factories within two years as it seeks to reduce carbon emissions 25% by 2025, according to Gong Jin, chief executive officer of Geely JoiNet Energy Co. Geely JoiNet, the division charged with greening the automaker’s […]
Biden revives ‘clean energy’ program with $1B loan guarantee – EQ Mag Pro
WASHINGTON (AP) : The Biden administration has issued its first clean energy loan guarantee, reviving an Obama-era program that helped launch the country’s first utility-scale wind and solar farms a decade ago but has largely gone dormant in recent years. The Energy Department said it would guarantee up to $1 billion in loans to help […]
Achieving the clean energy target – EQ Mag Pro
There is a need for a dedicated entity to deal with challenges renewable energy faces in India The year 2022 could be a pivotal one for India’s energy transition. Recently, some of India’s biggest energy companies—Reliance Industries Ltd, Adani Group and NTPC Ltd—had announced massive investments in renewable energy (RE), mostly solar, to herald their […]
ACORE Statement on Biden-Harris Administration Actions to Deploy Clean Energy, Create Jobs and Lower Costs for Consumers – EQ Mag Pro
Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy: “We applaud the Biden-Harris Administration on taking several bold actions today to deliver the clean energy Americans want and deserve, including a historic offshore lease auction, a multi-agency effort to expedite project reviews and a new initiative to facilitate transmission expansion. […]
U.S. pushes forward on clean energy with plan for record offshore wind sale – EQ Mag Pro
The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden’s ambitious climate change […]
China’s solar giants have a fix for their broken supply chain – EQ Mag Pro
The supply chain snarl that tripled the price of a key raw material for solar panels is about to get fixed, clearing the way for a renewed boom in the use of the clean energy technology. China is spending billions of dollars on new factories to produce polysilicon, used to make photovoltaic cells for solar […]