New Delhi : Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable as well as sustainable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant […]
U.S. Shifts Focus to Renewables, Natural Gas in Eastern Mediterranean – EQ Mag Pro
The U.S. is backing natural gas and low-carbon power sources as its seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region. “We are shifting our focus to electricity interconnectors that can support both gas and renewable energy sources,” the nation’s embassy in Greece said in a statement. “We […]
Spain to hold 500-MW renewables auction for CSP, biomass in April – EQ Mag Pro
The Spanish government will hold its next renewable energy auction in April 2022 to award 500 MW to mostly solar and biomass-based projects, the ministry for the ecological transition announced today. The ministry put the proposal for the auction terms to public consultation until January 21. The plan is to hold the event on April […]
Power Plants Get More Expensive But Renewables Still Cheapest
Power Plants Get More Expensive But Renewables Still Cheapest.Read More…
$7 Million ADB Grant to Help Marshall Islands Move to Renewables – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) and the Government of the Marshall Islands (RMI) today signed agreements for a $7 million grant to support the Marshalls Energy Company (MEC) improve its performance to enhance the disaster resilience of RMI’s energy network and to prepare for a shift to renewables. The agreements, part of […]
The Power Crunch Just Made Renewables Stronger – EQ Mag Pro
A few months ago, it looked like a cascading global power crunch was about to turn back the tide of the energy transition. In China, shortages of coal drove prices of solid fuel to 1,908.20 yuan per metric ton ($299.29), leading to power cuts and industrial shutdowns as generators refused to sell fixed-tariff power at […]
AES Buys Closely-Held Community Energy Solar in Renewables Push
AES Corp., a U.S.-based power plant developer, said it has purchased Community Energy Solar LLC of Pennsylvania as part of a push to deploy more renewable energy. AES didn’t disclose the terms of the deal. Community Energy, which is closely held, has developed more than 3 gigawatts of solar and energy storage projects, according to […]
How energy as a service is enabling investments in renewables – EQ Mag Pro
The effective utilisation of the EAAS concept demands intensive digitalisation. Consumers will have to switch to smart electric devices that allow sharing real-time power consumption data. Power sector is all set to undergo a huge change. Currently, the energy sector works on a centralised model. Discoms produce power at a big plant, and deliver electricity […]
CAF to use $7 bln capitalization for recovery, renewables in Latin America – EQ Mag Pro
The board of CAF, which has 19 member countries across Latin America, the Caribbean and Europe and 13 private bank members, approved the capitalization plan this week. It will take place gradually. BOGOTA: CAF, the Development Bank of Latin America, will use $7 billion in planned equity capitalization to back economic recovery and renewable energy […]
Study suggests India could economically meet electricity demand through renewables by 2030 – EQ Mag Pro
The Lawrence Berkeley National Laboratory (LBNL) this week released an in-depth study of India’s future power system investments which suggested that India could economically meet electricity demand through renewables by 2030…Read more...