JOHOR BARU — The highly-anticipated RM1.4 billion Sultan Ibrahim Solar Park’s official ground-breaking ceremony scheduled for this month has been scrapped due to the federal government remaining silent on the project. The post said the decision to cancel the ceremony was made as the federal government has yet to give any response with regards to […]
EDP to invest €24bn in energy transition
The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]
$300 bn investment lined up in Hydrogen projects globally
New Delhi: A mammoth $300 billion investment is currently lined up in Hydrogen projects globally that is set to materialize by 2030. Of this, projects entailing investment of $80 billion is already in mature stage, according to a new report. The report “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness” released […]
With Patchy Guidance, Companies May Have Climate Risk Blind Spots
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone. Scientific evidence tells us […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
US to Extend Solar investment tax credit at 26% Until 2022
Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. The wind industry also received a […]
Bharat Forge invests another Rs 2.87 cr in ASPL to use 8.20 MW solar power
After this investment, the company now holds 11 per cent stake in ASPL. Bharat Forge has presence in automotive, power, oil and gas, and construction sectors. New Delhi: Bharat Forge on Friday said it has made an additional investment of Rs 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH […]
WBERC approves the investment proposal of Rs.1019 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme
WBERC approves the investment proposal of Rs. 1019.00 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme IN REGARD TO THE APPLICATION SUBMITTED BY THE WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED (WBSEDCL) FOR INVESTMENT APPROVAL FOR STRENGTHENING AND EXTENDING ELECTRICITY DISTRIBUTION NETWORK (SEEDN) IN TERMS OF REGULATION 2.8.2.3 OF THE WEST BENGAL ELECTRICITY […]
Clean Energy Investment Trends 2020
Mapping Project-level Financial Performance Expectations in India. The Clean Energy Investment Trends is a joint project of the CEEW Centre for Energy Finance (CEEW-CEF) and the International Energy Agency (IEA). By monitoring market activity and identifying market and financing trends, the project seeks to provide a practical guide to stakeholders for understanding how the interaction […]
ADB to Invest $15 Million in Avaada Energy to Expand Renewable Energy Capacity in India
NEW DELHI, INDIA: The Asian Development Bank (ADB) has signed an agreement to invest $15 million in INR equivalent in Avaada Energy Private Limited (AEPL) to help the company to scale up photovoltaic solar energy generation capacity in India. This is ADB’s second investment in AEPL after a first round of $50 million invested in […]