Tags: green energy

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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Supporting battery swapping solutions would lead to faster EV adoption: Chargeup

Founded in 2019 by Akshay Kashyap and Varun Goenka, Chargeup is building country’s one of the largest network of Battery Swapping Stations for e-rickshaws. The company is helping India achieve its electric mobility target by creating the largest distribution network for electric 2 & 3 wheelers. It has deployed an advanced technology based approach and […]

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New coal-fired power plants in India will be economically unviable: IEEFA

According to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under construction and another 29GW in the preconstruction stage will end up stranded. “Coal-fired power simply cannot compete with the ongoing cost reductions of renewables. Solar tariffs in India are now […]

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World Environment Day: HDFC Bank Commits to Becoming Carbon Neutral by 2031-32

HDFC Bank announced it plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. As part of its ESG strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG […]

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IRENA Council Meets with Spotlight on Energy Transition ahead of COP26

More than 280 representatives from 96 countries will gather virtually to attend the 21st Council of the International Renewable Energy Agency (IRENA), next week as countries continue to calibrate energy policy in line with the achievement of sustainable development goals and a 1.5° future, ahead of COP26 this year.  The Council meetings will take place […]

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7MW solar plant developed by Ujaas Energy in Madhya Pradesh breaks down

Ujaas Energy recently said that its 7-megawatt (MW) solar power plant, located at Barod in Madhya Pradesh, has broken down. The firm in a BSE filing said “Seven MW solar power plant of the company situated at Barod location – Block No. S3 is under breakdown by fault identification and root cause analysis.” Ujaas Energy […]

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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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Fortum and Uniper reaching first milestones in strategic “One Team” cooperation

Fortum and Uniper have jointly finalised the first planning phase in the three strategic cooperation areas of Nordic hydro and physical trading optimisation, wind and solar development, and hydrogen. Under the proposed plans, Fortum would lead the operations of both companies’ Nordic hydro assets in the future. Uniper, meanwhile, would take the lead in the […]

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EU Commission approves 400 million Euros Danish state aid for renewable energy

The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement. “This Danish scheme will contribute to substantial reductions in greenhouse emissions, supporting the objectives of the Green Deal,” the commissioner in charge of competition, Margrethe Vestager, said. According to […]

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