More than 40 per cent of the world’s coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday. More than 40 per cent of the world’s coal plants are operating at […]
US utility solar contracts ‘exploded’ in 2018 despite tariffs, says report
US utility solar contracts ‘exploded’ in 2018 despite tariffs, says report A record 8.5 GW of utility solar projects were procured in the first six months of this year after President Donald Trump in January announced a 30 per cent tariff on panels produced overseas Procurement of solar energy by US utilities “exploded” in the […]
India, China driving global energy market transition, says report
India, China driving global energy market transition, says report Globally, the rapid growth of clean technologies will see fossil fuel demand peak in the 2020s, putting trillions at risk for unsavvy investors oblivious to the speed of the unfolding energy transition, said the report San Francisco: Emerging markets India and China are driving growth in […]
Piramal Group looks to set up renewable energy platform, says report
Piramal Group is considering setting up an aggregation cum investment platform for renewable energy assets: report The company is also looking to get an external investor to set up the renewable energy cum asset aggregation business: report The platform could be along the lines of the $1 billion stressed assets platform: report Piramal Group is considering setting […]
‘Make in India’ a misnomer? PSUs, states buying Made in China, says report
The parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India A parliamentary panel has said the Narendra Modi government’s flagship Make in India programme has failed to ensure that the Centre, state governments and public sector undertakings (PSUs) purchase products manufactured in India, and […]
Aditya Birla Group looking for an investor for its renewable energy business, says report
The energy firm is jointly owned by Birla Group and Gulf-based Abraaj. The group will want the new investor to acquire part or whole stake currently owned by private equity house Abraaj Group. ditya Birla Group is looking for an investor for its renewable energy business, reported LiveMint. The group want the new investor to […]
World saw largest rise in renewable energy capacity in 2017, says report
Renewable power accounted for 70 per cent of net additions to global power generating capacity in 2017, the largest such increase in modern history, a report said on Monday. Renewable power accounted for 70 per cent of net additions to global power generating capacity in 2017, the largest such increase in modern history, a report […]
Five of the world’s top 10 solar parks are coming up in India, says report
CHENNAI: Five out of the world’s biggest under-construction solar parks, designed to accommodate total solar power capacity of 7,475 MW, are in India. When one of them — Bhadla Industrial Solar Park, in Rajasthan — houses solar plants to its fullest capacity (2,225 MW), it will be the world’s biggest. When it comes to operating […]