With the signing of the Paris Agreement in 2016, Indonesia is committed to reducing its 29% carbon emission by 2050. The other duty is to meet its ambitious target of 23% new renewable energy by 2025. However, the most significant contributor to carbon emission in Indonesia is the energy sector. Hence, the development of green […]
McCain completes first phase of 8.2MW renewables plant in Victoria
McCain Foods Australia has completed the first phase of its plans to install an 8.2MW behind the meter renewable energy system, cutting the ribbon this week on the first 4.5MW of what will be a 7MW solar array to power its Ballarat processing facility in Victoria. Plans for the solar project were unveiled by the […]
Australia braces for solar price hike as supply chain pressures start to bite
Australia’s solar market could be hit by a panel price shock as early as next month, industry experts warn, as global price increases driven by a prolonged shortage of polysilicon and other materials start to catch up with the local market. The solar industry is being buffeted by a string of different price problems – […]
ADB Project in Mongolia Secures $175 Million in Funding from the Green Climate Fund
ULAANBAATAR, MONGOLIA — The Green Climate Fund (GCF) has approved $175 million in funding for an Asian Development Bank (ADB) program to support the Government of Mongolia’s efforts to improve rangeland management and reduce climate vulnerability of its rural economy. GCF funding, which consists of a $130 million highly concessional loan and a $45 million […]
A Green Recovery Starts with Cities
National governments face an enormous triple challenge right now: recovering from COVID-19, creating sustainable and inclusive development, and addressing the climate crisis. New research shows that focusing on cities is key to overcoming these challenges while generating considerable economic, social and environmental benefits. A report by the Coalition for Urban Transitions, Seizing the Urban Opportunity, […]
Australia adds record 7GW of renewables in 2020 as rooftop PV deployment soars
An estimated 3GW of rooftop solar capacity was installed in Australia last year. Australia beat renewable energy deployment projections in 2020, driven in part by a 40% year-on-year increase in rooftop solar installs, according to new figures from the country’s Clean Energy Regulator. The 7GW of new renewables capacity exceeded the regulator’s 6.3GW estimate for […]
Booming electric vehicle sales drive surge in cobalt prices
Payables – a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle (EV) batteries – are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. LONDON: Demand and prices for battery material cobalt are soaring as electric vehicles stream […]
Concerted global action needed for achieving affordable, clean energy for all: India at UN
United Nations, India has said the Sustainable Development Goal of achieving affordable and clean energy for all will require concerted global action, strong political commitment as well as innovative ways of expanding energy access and promoting renewable energy. “We have about 10 years to attain Sustainable Development Goal number seven, and ensure access to affordable, […]
DERC Extends Scheduled Delivery Date On account of Force Majeure
In the matter of: Petition seeking extension of Scheduled Delivery Date (SDD) under Section 86(1)(b), (e) and (f) of the Electricity Act, 2003 read with Article 4.1.1 read with Article 7 of the respective Power Purchase Agreements dated 15.07.2015 executed between M/s TPDDL and SEI Renewable Energy Private Ltd., SEI Jyotiswaroop Power Private Ltd. and […]
Doldrums to continue for power distribution sector: Ind-Ra
New Delhi: Ratings agency India Ratings and Research has maintained a negative outlook on the power sector for FY22, on account of a further weakening in the financial position of distribution companies due to Covid-19 led business disruptions. According to the ratings agency, the discoms relief package of Rs 1.25 trillion was expected to reduce […]