HANOI : The International Finance Corporation is funding the development and construction of two wind power projects in central Việt Nam to support the country’s transition to cleaner low-carbon power generation. Construction site of Lợi Hải 2 wind power project in Ninh Thuận Province. The member of the World Bank Group IFC is providing a […]
India Adds 12.1 GW Power Generation Capacity in FY21: Report
India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India’s total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions, driven by a post-lockdown surge in electricity demand. The share of RE in the energy mix was […]
SK E&C to Invest 300 Bil. Won in ESG Projects Abroad
SK Engineering & Construction (SK E&C) has recently decided to create a corporate partnership (COPA) fund with a private equity fund (PEF) company to invest in overseas ESG projects. The builder has sent requests for bidding proposals (RFPs) to several PEF management companies. The size of the fund is estimated at 300 billion won. It […]
SJVN Issues EOI to Acquire Hydro, Solar, and Wind Projects in India
Expression of Interest from Independent Power Producers (IPP’s), Power Generation Companies, Power Plant Developers, State Electricity Boards, Lenders etc. for offering their Hydro/Solar/Wind Power Projects in India for acquisition by SJVN. For more information please see below link.
Iraq, Total agree to work jointly on associated gas, solar power projects
Iraq wants to lower dependence on Iranian gas, electricity 1,000 MW solar power plant Natural gas produced mainly from pumping oil Dubai — Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country’s oil ministry said March 29, as OPEC’s second largest producer seeks to […]
Renewables to occupy 50% installed capacity by FY27
The country’s current installed generation capacity is around 3,79,000 MW. Of this coal based capacity is roughly over 2,05,000 MW while renewables is around 1,30,000 MW. New Delhi: Coal based power plants would remain the major contributors to India’s energy needs over the medium term, but the composition is set to witness a major change […]
Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure
HANOI: Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9% in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media has reported. Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development […]
Sustainable future: Are electric vehicles as environment friendly as you believe
Electric vehicles are far cleaner than their fuel-based counterparts. As they become mainstream, we must develop green techniques to manufacture and power them. KEY HIGHLIGHTS Extraction and manipulation of rare-earth elements for production of batteries of electric cars cause emissions. To achieve sustainability through electric mobility, we must end our relationship with carbon-intensive means of […]
IEA says India’s solar energy output to match coal-fired power by 2040
Coal currently dominates India’s electricity sector, accounting for over 70% of overall generation with only about 4% produced through solar CHENNAI – The share of solar energy in India’s power generation could equal coal-fired output by 2040, the International Energy Agency (IEA) said on Tuesday, driven by falling renewable tariffs and a government push to […]
India moved from power deficit to surplus under Modi govt: Union minister
Jammu: Union minister R K Singh on Sunday said India has become power surplus under the leadership of Prime Minister Narendra Modi over the past six years and is also witnessing the highest growth rate in renewable energy in the world. “There is no power deficiency in the country. We have a maximum demand of […]