New Delhi: The share of renewables in energy mix came down marginally to 10.7 per cent in September quarter this fiscal year from 11.4 per cent in the year-ago period, as per a report. According to the latest edition of the CEEW-CEF’s quarterly Market Handbook, the prominent reason for the decline was the unseasonable […]
Renewables Buoy RWE and EDF as Clean Energy Outlook Brightens
RWE forecasts 10 gigawatts of cumulative renewables deployments by the end of 2020; EDF has nearly 40 GW of wind and solar in its pipeline. Two of Europe’s major utilities have demonstrated the signs of a post-coronavirus lockdown recovery, highlighted by growing renewables capacities. EDF and RWE both reported their Q3 results at the end […]
Sungrow Adds 95 MWac of PV Installations to Its Kazakhstan Portfolio
Nur-Sultan, Kazakhstan: Sungrow, the global leading inverter solution supplier for renewables, announced that 95 MWac of 1500V medium-voltage central inverter solutions were operational well in Total Eren’s two solar PV projects in Kazakhstan to fully support the Central Asian renewable ambition. A Closer Look at the Landmark Plants The two solar projects, which are a […]
US energy chiefs weigh what Biden means for oil, renewables
With Joe Biden inching close to an Electoral College victory, energy executives are weighing the potential impact of a president who supports shifting away from fossil fuels. While utilities that already embrace clean energy don’t see much impact, oil and natural gas suppliers are girding for a bigger threat. If he wins, Biden may halt […]
Investments into renewables seen rising 35% by FY23: Report
The past three years saw fresh investments into the renewables sector led by solar and partly by wind power, surging to Rs 1.1 lakh crore, showed a Crisil report in a sectoral analysis. Positive investor interest and enabling regulations can boost the investments into the renewables sector by a healthy 35 per cent to Rs […]
Key role for renewables as Vietnam outlines US$130bn power investment plans
Vietnam will prioritise the development of renewables as the country’s government announces its ambition to invest around US$130 billion in new power plants and transmission networks over the next ten years. With demand for electricity in the country forecast to rise by 8.6% between 2021-2025, plans are in place to reach a total installed power […]
Renewables investor opens new front in Singapore
Investment company Urban Renewables, which focuses on sustainable energy solutions in metropolitan areas, has launched a subsidiary in Singapore. Urban Renewables (Singapore) PTE will support the island state’s journey in becoming a more sustainable and climate resilient city through developing and investing in innovative energy solutions. Managing director and co-founder Edgare Kerkwijk said: “The set-up […]
These 7 auctions show India’s renewables sector is still primed for growth
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 […]
Renewables Are Primed for Growth in Asia
Investment in wind and solar power is expected to surpass fossil-fuel power in coming years, despite dropoff in subsidies Renewable-energy operators are planning for further growth in Asia despite a falloff in subsidies, betting energy demand will keep rising. In China, government support has driven a rapid buildup and turned the country into the world’s […]
GAIL India looks at petrochemicals, renewables for growth
State-owned GAIL India Ltd NSE 1.51 % is eyeing expansion in petrochemicals, specialty chemicals and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said. The nation’s largest gas marketer and shipper has adopted a revised strategic plan identifying priority business initiatives. “This strategic plan […]