In letters that were leaked to Mexican media on Friday, the same day they were sent, the foreign powers said the rules threatened foreign investment in the energy sector. Diplomatic sources confirmed the letters were genuine on Saturday. MEXICO CITY: The European Union and Canada have formally raised concerns to Mexico about rules they say […]
Mexico cites virus in slapping down renewable energy
Industry associations said it will affect 28 solar and wind projects that were ready to go online, and 16 more under construction, with a total of dollar 6.4 billion in investments, much of it from foreign firms Mexico City: The Mexican government has cited the coronavirus pandemic as a justification for new rules that will […]
Liquidity support provides temporary lifeline to discoms: S&P
The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent Mumbai: The government’s stimulus measures will only provide a temporary lifeline to state-owned power distribution companies as the coronavirus pandemic has increased liquidity pressure […]
Moody’s outlook negative for Indian power sector
Maintaining liquidity buffers will be key for companies’ credit profiles. New Delhi: Moody’s Investors Service has changed its outlook for the Indian power sector to negative from stable on declining power demand, payment delays and an adverse impact from government measures that favor consumers over utility companies. The report dated May 15, however, is silent […]
Warren Buffett-backed largest U.S. solar project approved as nation’s renewable use on track to pass coal
Coronavirus impact speeds up coal’s retreat The Trump administration announced final approval this week of the largest solar energy project ever granted in the U.S., and one of the biggest in the world, despite objections from conservationists and worries that renewables promotion only comes alongside looser rules for fossil fuels. The $1 billion Gemini solar […]
India up at 74th place on WEF’s global energy transition index
In its report, the WEF said its study measuring readiness for clean energy transition in 115 economies showed that 94 have made progress since 2015, but environmental sustainability continues to lag New Delhi: India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of […]
Implementation of the directions of the GoK issued to the KERC regarding wavier / Reduction of late Payment Surcharge
Implementation of the directions of the GoK dated 16.04.2020 U/S 108 of the EA 2003 issued to the KERC regarding wavier / Reduction of late Payment Surcharge For more information please see below link:
WoodMac: Global Solar Market Set to Resume Growth in 2021 as Coronavirus Impact Fades
After a pause in 2020, the global solar market looks set to chart new heights each year in the 2021-2025 period. The global solar market is expected to stay nearly flat between 2019 and 2020 as a result of the coronavirus pandemic and its economic impacts, according to Wood Mackenzie. But a significant increase in demand is now […]
Engie Looking for More US Clean Energy Acquisitions: North America CEO
French power giant plans to ramp up investments into U.S. batteries, hybrid renewables and offshore wind — but gas plants are off the menu. Engie is on the lookout for more clean energy acquisitions in the U.S., where the company plans to ramp up its investments into grid-scale batteries, hybrid renewables projects and offshore wind, […]
U.S. approves massive solar power project on public land
The Gemini Solar project is expected to generate enough electricity to power 260,000 homes in the Las Vegas area and will include a battery system to store energy for use after the sun goes down, the U.S. Department of Interior said in a statement The Trump administration on Monday approved what it said would one […]