Reliance acquires REC Group

REC Group, an international solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive binding agreement to acquire 100% shareholding of the European solar panel brand. REC Group (REC) welcomes the decision as this will allow a significant acceleration of […]

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Global Energy Leaders to Convene at India Energy Forum by CERAWeek Conference to Discuss Turbulent Markets

The fifth annual event—to be held October 20-22, 2021—will gather energy leaders in New Delhi and virtually to propel important dialogue on India’s new energy future The dramatic turnaround in global energy markets—exemplified by acute energy crises in China and Europe; international gas and coal shortages; and renewed volatility in global oil markets—and India’s energy […]

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Financing options must be scaled up to boost the adoption of rooftop solar in India

Micro, Small and Medium-sized Enterprises (MSMEs) could be the key to accelerating the adoption of rooftop solar in India – but financial institutions are often reluctant to lend to MSMEs because they prefer borrowers with strong financial track records and good corporate credit ratings. A new report by the Institute for Energy Economics and Financial Analysis […]

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Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

Orsted, the once state-owned Danish utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive transformation to its energy sector. “During Orsted’s […]

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World installs 6.1GW of Offshore Wind in 2020, led by China: GWEC

Offshore Wind capacity grew steadily in 2020, but governments will need to act decisively to improve policy in order to scale up installations at the pace required to help the world meet its carbon emissions targets and avoid the worst effects of global heating, according to the Global Wind Energy Council, which launches its flagship […]

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India’s wind market set to bounce back with 50% growth: Report

A new report, India Wind Energy Market Outlook 2025, jointly released today by the Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+) finds that India, the world’s fourth-largest wind power market, is expected to add nearly 20.2 GW of new wind power capacity between 2021-2025. This would increase the country’s 39.2 GW wind market […]

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Universal Access to Sustainable Energy Will Remain Elusive Without Addressing Inequalities: Report

During the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa actually increased. Unless efforts are scaled up significantly in countries with the largest deficits, the world will still fall short of ensuring universal access to affordable, reliable, […]

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Renewable sources set to expand in coming years at a much faster pace : IEA

Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency. The growth in Europe and the United States […]

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PIL scheme for solar PV modules positive for domestic OEMs: ICRA

The Ministry of New & Renewable Energy, Government of India, has notified the guidelines for the Production Linked Incentive (PLI) scheme to promote the domestic manufacturing of high efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over […]

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A Record 260 GW of new renewable energy capacity added in 2020:IRENA

Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic said IRENA in a statement. According to data released by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding […]

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