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 ...
Month in a Minute: Top Headlines from Indian Renewable Sector in February 2021
Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
Solar Energy to Equal Coal’s Share in India’s Power Mix by 2040: IEA
India is expected to see the largest increase in energy demand globally over the next two decades and will overtake European Union as the third-largest energy consumer by 2030, the ...
Renewables Overtake Fossil Fuels as Europe’s Primary Source of Electricity
Renewables overtook fossil fuels as the European Union’s (EU) primary source of electricity due to the rapid growth of clean energy and decline of coal power, according to a new ...
India’s Renewable Power Installations Reached 138 GW at the End of 2020
The overall share of renewable energy (including large hydro projects) in the country’s installed power capacity mix stood at 138.27 GW, with a total share of 36.7% at the end ...
Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey
McKinsey & Company recently released its 'Global Energy Perspective 2021,' which states that while energy demand rebounds to 2019 levels in one to four years, it would not return to ...
Wartsila and Fluence to Supply 1 GW of Grid-Scale Battery Storage to AGL in Australia
AGL Energy, an Australia-based energy company, has signed non-exclusive framework agreements with energy storage technology companies Wartsila and Fluence to supply up to 1 GW of grid-scale battery storage. AGL ...
West Bengal Tops List of States Buying ‘Dirty’ Coal-Based Power
West Bengal tops the list of states buying 'dirty' coal power, according to the latest coal power procurement assessment conducted by the Centre of Science and Environment (CSE). The assessment ...
US Renewable Energy Consumption Surpasses Coal for First Time in 130 Years
Annual energy consumption from renewable sources in the United States in 2019 exceeded coal consumption for the first time since 1885, according to the U.S. Energy Information Administration’s (EIA) ‘Monthly ...
Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030: Report
Renewable power in India is expected to be 56% cheaper than new-build coal by 2030, according to a report published by Wood Mackenzie, a United Kingdom-based research and consultancy firm. The ...
Coal India Plans to Invest Over ₹56 Billion in 14 Solar Projects by March 2024
Coal India Limited (CIL) has announced that it would invest ₹56.50 billion ($763 million) by March 2024 to develop 14 solar power projects to help power its mining operations, according ...
Solar’s Share in India’s Installed Power Capacity Stalls at 9.9% at the End of Q3
India’s share of renewable energy (including large hydropower projects) crawled to 36.4% in the third quarter of 2020 (Q3 2020) from 36.3% in the previous quarter, according to the data ...
Solar at the Centerstage, India’s Power Demand Outpaces other Regions by 2030: IEA Report
Solar is likely to be the new king in the world's electricity market, and India could be a leading market for utility-scale battery storage, says International Energy Agency's latest World ...
US Companies Ask Insurers to Say No to Fossil-Fuel and Support Renewable Businesses
Sixty U.S. companies have teamed up to persuade American insurers to ditch fossil fuel-based businesses. In a letter to insurers, these businesses said: “As insurance customers, we are expressing our ...
Solar Curtailment Could Rise Globally as PV Penetration Increases
The trend of curtailment of renewable power has started taking shape globally. Power firms in China, Chile, several U.S. markets, including Arizona, California, Hawaii, and Texas, had to curtail at ...
Shutting Down Old & Under-Construction Coal Projects Could Save ₹1.1 Trillion: Report
In India, shutting down 20-year or older coal-fired power projects and scrapping under-construction thermal power projects could save the government, power distribution utilities, and consumers almost ₹1.1 trillion (~$15 billion), ...
Thermal Units May Recover Pollution Control Retrofit Costs Over 25 Years, Suggests CERC
Thermal power projects retrofitting pollution control systems on commissioned units will be allowed to recover their costs in parts from buyers during the tenure of power purchase agreements, Central Electricity ...
US-Based Solar Workgroup Offers Renewable Jobs to Coal Workers
U.S.-based of The Solar Workgroup of Southwest Virginia has launched a new initiative to set up commercial-scale solar installations in the coalfield region of Southwest Virginia and offer renewable energy ...
UN Secretary-General Calls on India to Take Lead in Global Transformation to Renewables
United Nations Secretary-General, António Guterres, called on India to take the lead in transforming global economic, energy, and health systems to save lives, create inclusive economies, and avert the threat ...
Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019: Report
As the world embraces renewable energies to combat the disastrous effects of climate change, solar and wind power installations continue to surge despite challenges. BloombergNEF’s (BNEF) Power Transition Trends 2020 ...
India Installs Just 205 MW of Solar Capacity in Q2 2020
India added only 205 MW of solar capacity in the second quarter of 2020 (Q2 2020), an 81% decline from the previous quarter's 1,090 MW of additions. The findings were ...
Solar’s Share in India’s Installed Power Capacity Mix Rises to 9.8% as of Q1 2020
The share of renewable energy (including large hydro) in India’s overall installed power capacity mix rose marginally to 36.2% at the end of the first quarter of 2020, from 35.9% ...
Gujarat Successfully Runs Coal Project at 40% Capacity to Support Renewable Integration
The Gujarat State Electricity Corporation Limited (GSECL) has successfully managed to operate its 500 MW Ukai unit under its coal-based power project at 40% of its capacity during a recently ...
India Likely to Stop Coal Imports by 2023-24
The Union Minister of Coal and Mines, Pralhad Joshi, recently announced India’s plans to stop the import of thermal coal from 2023-2024. Coal-based power makes up the largest share of ...
Solar’s Share in India’s Total Installed Power Capacity Reaches 9.6% at the End of 2019
Renewable energy (including large hydro) accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019, according to data from the Central ...
