Apraava Energy, a leading integrated energy solutions provider, has signed Memorandum of Understanding (MoUs) with REC Limited (Rural Electrification Corporation) and PFC (Power Finance Corporation Limited) for financial assistance worth INR 9120 crore (USD 1.1 billion) to develop Apraava’s wind, transmission and Advanced Metering Infrastructure (AMI) projects in the country. This milestone reaffirms Apraava’s sharp […]
The installation of new wind and solar power must happen five times faster by 2030, at a rate of 1.5 TW per year, according to a new analysis that imposes sustainability restrictions and minimises the need for carbon dioxide removal (CDR). This is necessary to keep global warming to 1.5 degrees Celsius. By the end […]
Corrects to say forecast is for a 15% drop in coal-powered output, not demand, in paragraph 1 The Energy Information Administration (EIA) expects the largest increases in the U.S. electricity generation this summer to come from renewable energy sources and natural gas, contributing to a 15% reduction in coal-powered output from the previous year. Power […]
FRANKFURT : Siemens Energy, which supplies equipment and services to the power sector, expects to hit the lower end of its profit margin target this year, the company said on Monday, adding its wind turbine division remained under pressure. “Our adjusted outlook reflects the strong demand, as well as the continuous challenging market environment in […]
Washington DC: India and Taiwan can collaborate on offshore wind, solar energy and electric mobility, experts have said. “Taiwan is the largest producer of solar wafers which could feed into India’s renewable energy and battery programme,” said Kartikeya Singh, Director, Global Energy Futures Initiative. The two sides, he said, can also collaborate on electric mobility […]
Rise Light & Power ready to submit offshore wind proposal in New York. Rise Light & Power LLC, which plans a renewable repowering of New York City’s largest fossil-fuel power plant, is getting ready to submit on Thursday a proposal as part of New York State’s third offshore wind solicitation. A press statement released on […]
Hydro-Québec welcomes the mandate it has received from the Québec government , to ensure the optimal development of Québec’s wind energy resources. A new procurement strategy, which will ensure the participation of industry partners and local communities, will be put in place. This strategy will make it possible to respond efficiently and at the least […]
The Spanish ministry for the ecological transition on Thursday formally launched a call for proposals for wind and hydro repowering and blade recycling projects with the intention of awarding a total of EUR 222.5 million (USD 236.3m) of state aid through a competitive process. The money will be channelled through three so-called Circular Repowering programmes, […]