Despite pandemic disruptions, there is plenty of investment capital available for renewable projects While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note. Policy-related headwinds and a […]
IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific
From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as […]
IEEFA India: World-leading solar parks kick-start India’s dynamic clean energy transition
Ultra-mega utilities attract foreign capital and global developers to a renewables investment boom The Indian government set itself a formidable target in 2016: Install a massive 175 gigawatts of renewable energy by the 2021/22 financial year and 275 gigawatts by FY2026/27 to transform the country’s power sector from an expensive, unreliable, and polluting fossil fuel‑based […]
IEEFA update: Who would still fund a new coal power plant in India?
Coal power generation has worn 100% of the COVID-19 power demand drop The coronavirus pandemic and national lockdown has highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being superseded by international finance investing in new, cheaper, and cleaner renewable energy, finds a new IEEFA briefing note out today. Entitled Who […]
Record low bids for DEWA’s latest solar offer
Solar prices fall to new record low in Saudi-led bid for 900MW Dubai project A consortium led by Saudi Arabia-based ACWA Power has reportedly lodged a world record low price bid of $16.953 ($A25) a megawatt hour for a 900MW solar park in Dubai. The bid – reported by infrastructure journal IJGlobal – is one […]