However, new renewable power accounted for 72 per cent of all power expansion last year, said International Renewable Energy Agency’s (IRENA) new data on Monday New Delhi: The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the 179 GW added in 2018. However, new renewable power accounted […]
Renewables Account for Almost Three Quarters of New Capacity in 2019
Sector adds 176 GW of generating capacity with solar and wind accounting for 90 per cent of additions Abu Dhabi, United Arab Emirates: The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018. However, new renewable power accounted for 72 per […]
Senegal opens West Africa’s first big wind farm in push for renewables
DAKAR: Senegal inaugurated the first large-scale wind farm in West Africa on Monday, a facility that will supply nearly a sixth of the country’s power when it reaches full capacity later this year. With the wind farm, Senegal will get 30% of its energy from renewable sources, which has been a goal of President Macky […]
OPINION: Coal-fired power is losing ‘unfair fight’ in India to renewables
If there was one major theme at this week’s annual industry gathering, Coaltrans India, held in the resort state of Goa, it was that the domestic coal sector is under siege, and probably faces a future of limited growth and eventual disbandment BAMBOLIN, Goa, India: Coal-fired power in India is being increasingly priced out of […]
Pestech, Japan’s RS Renewables terminate MoU on collaboration to bid for solar project
PETALING JAYA: Pestech International Bhd’s wholly owned subsidiary Pestech Power Sdn Bhd and Japan’s RS Renewables KK have mutually agreed to terminate an memorandum of understanding (MoU) to bid for a large-scale solar photovoltaic plant project. The termination of the MoU takes effect immediately, in view of the fact that the parties’ intention as […]
Unlock long-term financing for solar power in Vietnam
The Asian Development Bank has just signed a $37.8 million loan deal with TTC Energy Development Investment JSC to provide long-term financing to develop and operate a 50MW photovoltaic solar power plant in Tay Ninh province in Vietnam. The Asian Development Bank’s (ADB) assistance for the Gulf Solar Power Project was provided through an innovative […]
SAEV to invest $500m in renewables and energy efficiency technologies to diversify its energy mix
SAEV to invest $500m in renewables and energy efficiency technologies to diversify its energy mix, says GlobalData Saudi Aramco Energy Ventures (SAEV), the corporate venture capital arm of Saudi Aramco, is planning to set up a $500m fund to promote energy efficiency and renewable energy solutions. Bhavana Sri Pullagura, Power Analyst at GlobalData, comments: “The […]
China to stop subsidy for offshore renewables, eyes 2021 start for green quota trading
The move comes as China, whose renewable power installations make up about 41 per cent of total energy capacity, aims to cut a backlog of subsidy payments exceeding 100 billion yuan ($14.5 billion) and achieve “grid price parity” BEIJING : China will halt subsidies for new offshore wind power and concentrated solar power (CSP) projects and adopt a green certificate […]
Spain declares climate emergency signals move to renewables
Madrid, Jan 21 (AFP) Spain’s new government on Tuesday declared a “climate emergency” and pledged to unveil a draft bill on transitioning to renewable energy within its first 100 days in office. In a statement announced after the weekly cabinet meeting, the government committed to bringing a draft bill “to reduce greenhouse gas emissions with […]
Govt. aiming to boost renewables to 50% by 2030
Says with hydro it could be higher, pipeline of projects identified Significant increase from current 10% of renewables PUCSL approval given for 150 MW solar power and 60 MW of wind power Measures are being taken to ensure 50% of Sri Lanka’s total power generation is derived from renewable energy, including large hydropower plants by […]