Daily News Wrap-Up: Adani Green Approves 20 Million Share Sale to Green Energy Investment

Daily News Wrap-Up: Adani Green Approves 20 Million Share Sale to Green Energy Investment

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy’s management team approved the allotment of 20 million equity shares worth ₹38.5 billion (~$497.08 ...
Peak Power Demand Touches All-Time High of 201 GW

Peak Power Demand Touches All-Time High of 201 GW

The all-India peak power demand touched an all-time high of 201.066 GW on April 26, 2022, surpassing the peak power demand of 200.539 GW met on July 7, 2021. According ...
/ / Demand Response, Grid
Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

Share of Solar Rises to 13.2% of India’s Total Installed Power Capacity

India’s installed renewable energy capacity, including large hydro projects, stood at 155.26 GW, accounting for a 39% share of the overall power mix at the end of the first quarter ...
Daily News Wrap-Up: Adani Power Looks at De-Carbonizing its Coal-Fired Assets

Daily News Wrap-Up: Adani Power Looks at De-Carbonizing its Coal-Fired Assets

Here are some noteworthy cleantech announcements of the day from around the world: Adani Power Limited, IHI Corporation, and Kowa Company have signed a memorandum of understanding (MoU) to study ...
/ / Other, Renewable Energy
Solar’s Share in India’s Installed Power Capacity Mix Increases to 12.4% as of Q4 2021

Solar’s Share in India’s Installed Power Capacity Mix Increases to 12.4% as of Q4 2021

India’s installed renewable energy capacity, including large hydro projects, stood at 150.4 GW, accounting for a share of 38.41% in the overall power mix at the end of the fourth ...
US Could Install an Additional 21 GW of Solar in 2022 and 25 GW in 2023 EIA

US Could Install an Additional 21 GW of Solar in 2022 and 25 GW in 2023: EIA

In its short-term energy outlook, the U.S. Energy Information Administration (EIA) forecasts solar capacity to grow by around 21 GW in 2022 and 25 GW in 2023 in the United ...
/ / Markets & Policy, Solar
Solar Surpasses Large Hydro in Installed Capacity (MW)

Solar Now the Top Renewable Energy Source, Surpasses Large Hydro

Solar is now the top renewable energy source in India, with 46.8 GW of installed capacity. Solar energy has overtaken large hydro, which had an installed capacity of 46.51 GW ...
/ / Mercom Research Focus, Other
Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

India’s installed renewable energy (including large hydro projects) capacity stood at 147.8 GW, accounting for 38% in the overall power mix at the end of the third quarter (Q3) of ...
/ / Mercom Research Focus, Other
Rooftop Solar Plus Storage Can Save C&I Consumers from Power Cuts

Rooftop Solar Plus Storage Can Save C&I Consumers from Power Cuts

India is staring at a power crisis as coal stocks at thermal plants are depleting. The Power and Coal ministries, on their part, have said that the fears of a ...
Development of Solar Parks Crucial to Meet the Target of 300 GW by 2030

Development of Solar Parks Crucial to Meet the Target of 300 GW by 2030

India added 2,488 MW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2021, an increase of 19% quarter-over-quarter (QoQ) compared to 2,090 MW installed in Q1 2021, ...
/ / Markets & Policy, Solar
Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Coal India has ample coal available to meet the demand of power plants, and any fear of power supply disruptions is ‘entirely misplaced,’ the Ministry of Power has announced in ...
/ / Other, Other Energy
Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
/ / Finance and M&A, Other
If Coal Shortage Impacts Power Consumption, Can Solar Save The Day

If Coal Shortage Impacts Power Consumption, Can Solar Save the Day?

India is seeing a surge in power demand, with industrial and economic activity picking up pace in the past few months. But thermal power plants are in a crisis as ...
/ / Mercom Research Focus, Other
Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

The Chinese government has introduced an electricity rationing policy leading to some industrial sectors shutting down operations temporarily while others are operating only two to four days a week. According ...
/ / Markets & Policy, Solar
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
/ / Other, Renewable Energy
New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

According to the latest report published by the energy think tank Ember and Climate Risk Horizons, 27 GW of proposed new coal power plants in India could deplete scarce public ...
/ / Other, Renewable Energy
Renewables Could Meet All Power Demand in Australia at Certain Times by 2025 AEMO

Renewables Could Meet All Power Demand in Australia at Certain Times by 2025: AEMO

Australia’s mainland National Electricity Market (NEM) states could have sufficient renewable energy resources available in 2025 to meet the cumulative power demand of consumers in certain periods, Australian Energy Market ...
/ / Other, Renewable Energy
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
/ / Other, Renewable Energy
Decommissioning Coal Projects Older Than 25 Years Could Save ₹377.5 Billion Report

Decommissioning Coal Projects Older Than 25 Years Could Save ₹377.5 Billion: Report

Decommissioning coal power projects older than 25 years could save ₹377.5 billion (~$5.07 billion), the Council on Energy, Environment, and Water (CEEW) Center for Energy Finance has revealed in its ...
/ / Other, Renewable Energy
Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

The International Energy Agency (IEA) has released its latest report on ‘World Energy Investment 2021’. According to the report, the annual global energy investment is set to rise to $1.9 ...
/ / Other, Renewable Energy
Higher Execution of Solar EPC Projects Pushes Tata Power’s Revenues Up 14% YoY

Higher Execution of Solar EPC Projects Pushes Tata Power’s Revenues Up 14% YoY

Tata Power declared its financial results for FY 2021 and recorded a 14% growth in consolidated revenues at ₹330.79 billion (~$4.49 billion) compared to ₹ 289 billion (~$3.9 billion) in ...
/ / Other, Renewable Energy
India’s Solar Market to Recover Rapidly in 2021_ IEA Report

India’s Solar Market to Recover Rapidly in 2021: IEA Report

The International Energy Agency (IEA), in its Global Energy Review 2021, has said that India’s solar photovoltaic (PV) market is expected to recover rapidly in 2021, after experiencing a significant ...
/ / Other, Renewable Energy
Solar's Share in India's Installed Power Capacity Rises to 10.7%

Solar’s Share in India’s Installed Power Capacity Rises to 10.7%

India's installed renewable energy (including large hydro projects) capacity stood at 141.4 GW, accounting for a share of 36.94% in the overall power mix at the end of Q1 2021, ...
A Record 114 GW of Wind Power Capacity Added Globally in 2020

A Record 114 GW of Wind Power Capacity Added Globally in 2020

A total of 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to a report from Wood Mackenzie. This is the ...
/ / Wind
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