Tags: renewable energy news

BNEF release report detailing how India has become the world’s largest clean energy auction market

Bloomberg Philanthropies and BloombergNEF (BNEF) on Friday released “India’s Clean Power Revolution,” a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market – and a model country for others looking to leverage low-carbon investments in their Covid-19 economic recovery strategy. The report outlines how India’s rapid […]

Read more

Renewable energy certificates sales down over 55 per cent in May

Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an […]

Read more

Fluence Lines Up 2,300 MW of Orders for Sixth-Gen Energy Storage Technology

Fluence, a Siemens and AES company rencently unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software and data-driven intelligence. The company in a statement said the new technology is changing the way energy storage systems are built and operated — making them simpler, safer, faster and more cost-effective to deploy at scale. […]

Read more

Consultancy firm lowers India’s solar, wind power capacity addition outlook over 2020-2024

Clean energy consultancy Bridge To India has lowered India’s solar and wind power capacity addition estimate over 2020-2024 citing weak economic outlook and further slowdown in power demand. It said the domestic energy sector has been hit by multiple demand and supply shocks, sharp reduction in power demand, delays in construction activity, and deferred payments […]

Read more

Renewables to be instrumental in economic recovery post COVID 19: UN

As Covid-19 hits the fossil fuel industry, a new UN report on Wednesday showed renewable energy is more cost-effective than ever — providing an opportunity to prioritise clean energy in economic recovery packages and bring the world closer to meeting the Paris Climate Agreement goals. The ‘Global Trends in Renewable Energy Investment 2020’ report — […]

Read more

Wind-solar hybrid capacity of around 15 GW to come up in 5 years: Crisil

Ratings agency Crisil in a statement said as the government continues to focus on increasing the share of renewable energy in the country, nearly 15 GW of wind-solar hybrid capacity is expected to come up over the next five years. Out of this 15,000 MW, works on nearly 10,000 MW are already either under construction […]

Read more

Equinor stands out as leader among oil majors promising RE investments

Oil majors’ investment in solar and wind energy projects until 2025 are expected to exceed $18 billion says new analysis from Rystad Energy. A closer look at the numbers reveals that some $10 billion, or 55% of the amount, is expected to be invested by a single company, Equinor, the only operator poised to direct […]

Read more

Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost: IRENA

International Renewable Energy Agency (IRENA) in its new report reveals that the Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new coal plants. The report […]

Read more

ONGC, NTPC to set up Joint Venture for Renewable Energy

Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to formalize this arrangement. The MoU will enable both companies to achieve their targets in Renewable […]

Read more

Renewable capacity additions expected to rebound in 2021: IEA

After a dip this year, new renewable capacity additions are expected to rebound in 2021, but policy certainty is critical to ensure investor confidence The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first […]

Read more