Hero Future Energies (HFE), the renewable energy arm of the Hero group, received orders worth $3 billion in its first green bond issuance in the overseas markets. The company, through its subsidiary Clean Renewable Power (Mauritius), received the orders and priced at a coupon rate of 4.25 per cent for a six-year maturity period. The […]
Vietnam: Key highlights of new draft of national power development plan
In brief On 22 February 2021, the Ministry of Industry and Trade of Vietnam (MOIT) released the draft proposal for the national power development plan for the period of 2021-2030, with a vision to 2045 (“Draft PDP8”) for public comments. This is the third version of the draft, which the MOIT prepared and updated in […]
UAE’s Masdar, Malaysia’s PETRONAS sign deal to explore renewable energy opportunities
Apart from Malaysia, the companies are also interested in countries in the region that have pledged to accelerate the development of renewable energy Masdar, one of the world’s leading renewable energy companies and Malaysia’s PETRONAS, a global energy and solutions company, have signed a Memorandum of Understanding (MoU) to explore renewable energy opportunities across Asia […]
Goldman Weighs Sale of Majority Stake in Japan Renewable
Goldman Sachs Group Inc. is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion, according to people familiar with the matter. Goldman is working with its in-house investment banking team and Bank of America Corp. on the potential sale of its 75% stake in Japan Renewable, […]
TMEIC SOLAR WARE STATION Utility-Scale PV Inverters provide 580MW of Renewable Energy in Vietnam
TMEIC Solar Ware Inverters support Vietnam’s FIT Phase 2 In December 2020, Toshiba Mitsubishi-Electric Industrial Systems Corporation (hereinafter, “TMEIC”; President & CEO Masahiko Yamawaki) completed the installation of its SOLAR WARE STATION for newly developed utility-scale solar PV plants in Vietnam. The SOLAR WARE STATION delivered is a packaged solution offering a PV […]
Australia to reach 30% non-hydro renewable energy by 2030
Australia has “high potential” to become a global powerhouse of green hydrogen energy generation and accelerate the renewables market’s growth, according to new research. A recent study by market analyst Fitch Solutions now claims that non-hydro renewable energy generation will make up close to a third (30%) of Australia’s total power mix by the end […]
Amazon is the biggest corporate buyer of renewable energy
Tech companies are leading the charge to power their operations with renewable energy. By the end of 2020, Amazon had moved to the front of the pack, surpassing Google for the first time. More companies are signing on to science-based decarbonization targets, in which one key aim is to use only fossil-fuel-free electricity. But when […]
Why Africa Hasn’t Kickstarted Its Renewable Energy Boom
Africa has a solar energy potential of as much as 1,000 GW and wind potential of 110 GW, not to mention 350 GW in hydropower potential and 15 GW of geothermal potential. And yet, all this huge potential remains largely untapped, even though solar and wind farms are getting so cheap, they are said to […]
Japan lags as economies worldwide shift to renewable power
Flexibility in grid operation holds key to expanding green energy TOKYO/FRANKFURT: The 21st century is becoming the age of renewable power as economies around the world ramp up their decarbonization efforts. But as the costs of solar and wind generation dramatically decline, Japan is lagging behind in its efforts to implement green electricity. In the […]
Japan on track to achieve 2030 renewable power goal
Japan is on track to achieve its target for renewable power capacity installed by 2030, paving the way for its 2050 carbon neutral goal. But cost pressure could grow further as the country’s consumer surcharge to fund renewable electricity is set to rise higher than previously predicted. Japan’s renewable power sources will account for 22pc […]