solar power

With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap

1 month ago admin2 Comments Off on With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap
In just the first half of the year, India’s booming renewable energy sector has seen merger and acquisition (M&A) deals worth over $2.5 billion (around Rs16,631 crore). In April, ReNew Power, India’s largest renewable energy company, acquired New Delhi-based Ostro Energy for around $1.5 billion, what has been the biggest such deal in the country Read More

The world set a new record for renewable power in 2017, but emissions are still rising

1 month ago admin2 Comments Off on The world set a new record for renewable power in 2017, but emissions are still rising
In 2017, the world deployed an ever-expanding amount of solar and wind power, setting a new record for renewable-power capacity added to the grid. In fact, the money spent on renewable installations was more than twice the sum spent on nuclear and fossil-fuel power, according to the annual Global Status Report published by renewables policy Read More

Why a 100-year-old Indian company is investing billions into renewable energy

2 months ago admin2 Comments Off on Why a 100-year-old Indian company is investing billions into renewable energy
Tata Power, one of India’s largest thermal power companies, is making a $5 billion bet on the country’s renewable energy sector. Over the next decade, the 103-year old company plans to quadruple its clean energy capacity, taking it from around 3,417 megawatts (MW) now to around 12,000 MW. The company currently has a total installed Read More

With the right moves, India’s renewables push could lift thousands of rural workers out of poverty

8 months ago admin2 Comments Off on With the right moves, India’s renewables push could lift thousands of rural workers out of poverty
India’s major renewable energy push could be as much about poverty reduction and job creation as it is about energy security and climate change. The Narendra Modi government aims to install 175 gigawatts (GW, 1 GW = 1,000 megawatts) of renewable energy capacity in the country by 2022—and this is expected to create over 330,000 Read More

Nearly 40% of all new power capacity in India this year is solar

8 months ago admin2 Comments Off on Nearly 40% of all new power capacity in India this year is solar
The solar energy sector has accounted for the largest capacity addition to the Indian electricity grid so far this year. It has contributed around 39%—over 7,100 MW—to the overall capacity additions, according to data from Mercom Capital Group, a US-based research and consulting firm. For comparison, solar energy capacity additions stood at only around 4,313 Read More

To help local firms, India may deal another blow to its struggling solar sector

8 months ago admin2 Comments Off on To help local firms, India may deal another blow to its struggling solar sector
India’s solar power sector is staring at yet another policy intervention that could put the viability of projects in the country under question. The Narendra Modi government is expected to impose an anti-dumping duty (ADD) on imported solar panels in order to boost sales of locally made ones. This is bound to increase the costs Read More

The UK’s biggest-ever solar farm will be built without government help

8 months ago admin2 Comments Off on The UK’s biggest-ever solar farm will be built without government help
Cleve Hill is set to become the UK’s biggest solar farm when it is built in 2020. At a capacity of 350 MW, it will be able to produce more than five times the power as the country’s current leader. And all this could happen without government help. Government subsidies for clean energy have worked Read More

Six weeks after the hurricane, most Puerto Ricans have had to make their own light

8 months ago admin2 Comments Off on Six weeks after the hurricane, most Puerto Ricans have had to make their own light
Adjuntas, Puerto Rico Most of Puerto Rico’s 3.4 million inhabitants are experiencing their 45th day without power. Hurricane Maria, which swept through the island Sept. 20, left transmission lines a tangled mess. The government has made some progress in restoring power—as of Nov. 4, nearly 38% of the island’s only electric utility’s generating capacity was Read More

The clean energy revolution tipping point is inevitable—but the sooner, the better

8 months ago admin2 Comments Off on The clean energy revolution tipping point is inevitable—but the sooner, the better
As global leaders gather for the UN’s annual COP meetings on mitigating the impacts of climate change, an energy revolution is underway with enormous implications, not least for the world’s poor. Renewable energy adoption will be a crucial component of meeting the Paris Climate Agreement to hold a rise in global temperatures below two degrees Read More