Union Rural Development and Panchayati Raj Minister Giriraj Singh on Sunday said India has set an ambitious target of meeting half of its energy needs from renewable resources by the decade-end and reach the net zero emission levels by 2070. The minister said the word is facing consequences of developed nations’ exploitations of the nature. […]
Citicore to start construction of Pampanga solar power plant
MANILA, Philippines: Citicore Power Inc. said it would commence the construction of its solar power plant in Pampanga – which is in partnership with the Ayala Group – within the first quarter as it rebrands all its projects in its portfolio to align itself with its 2025 goal. Citicore said it would soon break ground […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
India’s Investment in Renewable Resources Not Enough
India needs to make an annual investment of more than Rs 1.77 lakh crore ($25 billion) every year for 10 years to reach its target. India’s national climate action plans, known in UN parlance as nationally determined contributions (NDCs), under the Paris Agreement set three major goals – to increase the share of non-fossil fuels […]