Total Global Energy Storage Capacity Could Triple by 2030: IRENA
In a brief prepared for COP24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the International Renewable Energy Agency (IRENA) has underscored the ...
World Bank Launches New Version of Global Wind Atlas for Onshore and Offshore Wind
The World Bank Group in partnership with the Department of Wind Energy at the Technical University of Denmark (DTU Wind Energy) has launched the Global Wind Atlas 2.3. The Global Wind Atlas ...
India Joins Hands with Japan and France for a Sustainable Future
The Cabinet has approved a Memorandum of Understanding (MoU) between India and France in the field of energy efficiency. The MoU is a science and technology agreement, which involves knowledge ...
Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction
The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
Namibia Announces Issuance of its First Green Bond
In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation
The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
MNRE Amends Policy for Biomass-Based Cogeneration Projects in India
The Ministry of New and Renewable Energy (MNRE) has amended two clauses in the policy to support the promotion of biomass-based cogeneration projects in sugar mills and other industries in ...
EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration
The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve ...
Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed two petitions filed by owners of bagasse-based cogeneration projects against the imposition of cross subsidy surcharge for self-consumption of power. Shri ...
World Bank Pledges $200 Billion to Combat Climate Change
Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
African Countries Receive Financial Assistance Against Payment Risk for Renewable Projects
The Regional Liquidity Support Facility (RLSF) has signed agreements with five African countries to provide financial assistance to their independent power producers (IPPs) against payment risks, noting that the lack of ...
Green Bank Network to Provide $41 Billion for Green Infrastructure Projects Around the World
Green Bank Network is expected to mobilize $41 billion in public and private capital for green infrastructure projects around the globe. Green banks are specialised financial institutions that work closely ...
IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects
In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including ...
Uttar Pradesh to Soon Begin Installation of Smart Meters in Partnership with EESL
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a petition filed by Uttar Pradesh Power Corporation Ltd. (UPPCL) regarding the rollout of smart meters in the state. The UPPCL ...
Tamil Nadu’s TANGEDCO Announces New Tender for 500 MW of Wind Projects
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has issued a tender for 500 MW of wind power projects in the state. The bid-submission deadline is December 28, 2018. TANGEDCO ...
Solar Potential in West Africa Ranges from 8 GW to Over 20 GW by 2030: Report
The International Renewable Energy Agency (IRENA) in its report “Planning and prospects for renewable power: West Africa” has highlighted scenarios for the growth of renewables in West Africa’s power systems ...
Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India
The European Investment Bank (EIB) has confirmed it is going to increase its support to investment in onshore wind through the expansion of an existing lending program with the State Bank ...
Google Announces its Green Energy Plans in Denmark
Adding another feather to its green cap, tech giant Google has now announced that it will invest 4.5 billion Danish crowns ($690 million) in building a renewable powered data center in ...
RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report
According to a new report published by RE100, its member companies sourced 72 TWh of renewable power in 2017, an increase of 41 percent compared with the preceding year. RE ...
Suzlon Registers a Net Loss of ₹2.8 Billion in Second Quarter of FY19
Suzlon, a leading wind turbine manufacturer and renewable energy project developer, has reported a net loss of ₹2.8 billion (~$38.86 million) in the second quarter of FY19. In the first quarter of ...
Railways’ Request for Energy Credit from Captive Wind Project Rejected
The Rajasthan Electricity Regulatory Commission (RERC) has declined the plea made by the Railway Energy Management Company Limited (REMCL) seeking credit of energy generated from a captive wind power project ...
India was Among the Top Recipients of Electricity Financing During 2015-16: Report
India was among the top recipients of electricity financing during the year 2015-16, with two-thirds of total financing concentrated in South Asia, according to a report titled “Energizing Finance: Understanding ...
ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India
The Asian Development Bank (ADB) has entered a $13 million grant agreement with India’s Energy Efficiency Services (EESL). The grant will be provided by the Global Environment Facility (GEF) for the additional ...
Five Indian Environmental Projects to be Showcased at Paris Peace Forum 2018
Five Indian projects have been selected to present at the Paris Peace Forum, new annual event based on the idea that international cooperation is key to tackling global challenges and ...
