The agency added the world’s capacity to make battery cells has expanded rapidly in recent years and currently manufacturing operations globally can produce around 320 GWh of batteries per year for use in electric cars New Delhi: The world needs battery manufacturing capacity of 1,000 Gigawatt hour (GWh) per year by 2025 to meet the […]
NEARLY HALF OF BLOOMBERG LP ENERGY USAGE NOW COMES FROM RENEWABLES, UP SHARPLY FROM 17% IN 2018
Bloomberg Now at Midpoint of Reaching 100% Renewable Energy Target by 2025 New York: Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today. This puts […]
Uzbekistan to double power generating capacity, go heavy on renewables
The former Soviet republic of 34 million aims to increase its capacity to 29.3 gigawatts (GW) from the current 12.9 GW, and rely less on natural gas, which dominates its power mix at present, it said in a strategic plan\ TASHKENT: Uzbekistan plans to more than double its power generating capacity over the next 10 […]
COVID-19: States taking economic package must not act biased against RE, says Tata Power CEO Praveer Sinha
He said that this is an opportunity to move away from high carbon businesses in order to reduce emissions and move to sustainable energy New Delhi: The government should encourage renewables and ensure that states taking the economic stimulus package to minimise the impact of COVID-19 are not biased against renewable energy (RE) projects, according […]
Iberdrola bets on cash pile, investments to defy coronavirus
Powering more than 30 million homes and businesses in Spain, the United States, Brazil and Britain brought in net profit of 1.26 billion euros ($1.37 billion) in the first quarter versus a Refinitiv SmartEstimate of 1.20 billion MADRID: Ready cash, multi billion-euro investments, price hedging, regulated networks business and capital gains should help global wind […]
SUNGROW SIGNIFICANTLY GROWS REVENUE IN 2019 – OVERSEAS SHIPMENTS INCREASE BY 87.5%
Hefei, China: Sungrow, the global leading inverter solution supplier for renewables, has recently released its annual report 2019 to shareholders, reporting a robust fiscal performance and key milestones in its business fields. Overview of Sungrow fiscal year · The shipments in 2019 reached 17.1GW, allowing the accumulative shipments to hit 100GW as of December 2019. […]
Covid-19 Pandemic: 150 GW renewable energy projects at risk in Asia Pacific
If the coronavirus outbreak evolves into a financial crisis, funding may be harder to secure, leading to reduced competitiveness of renewables. New Delhi: Up to 150 Gigawatt (GW) of wind and solar power projects across the Asia Pacific could be delayed or cancelled over the next five years (2020–24) if the coronavirus-led recession extends beyond […]
Duke Energy Renewables and Colorado Springs Utilities bring 60 megawatts of solar energy online
Palmer Solar will provide clean energy to customers of Colorado Springs Utilities Project is largest solar facility contracted by Colorado Springs Utilities CHARLOTTE, N.C.: Duke Energy Renewables, a commercial business unit of Duke Energy (NYSE: DUK), and Colorado Springs Utilities (Springs Utilities) today announced the start of operation for a new solar energy generating facility, […]
Japan Revises Down Emission Figures Cut by Renewables, Nuclear
Japan revised lower its latest greenhouse gas emissions figures, which it had already reported as the least since records began in 1990. Read More…
ENGIE North America signs Major Tax Equity Financing for its 2 GW US Renewables Portfolio
HOUSTON: Today ENGIE North America announced it has signed a major tax equity financing for its renewables portfolio. The portfolio consists of 2.0 GW of renewable assets, comprised of 1.5 GW of onshore wind and 0.5 GW of utility-scale solar PV projects (11 farms in total). These assets are located in key markets, including Electric Reliability […]