Solar stocks dazzled in 2020 and looked set to wrap up a year ravaged by the COVID-19 pandemic with triple-digit gains amid a shift in focus to ‘clean energy’ as the outbreak decimated the global oil industry. Giving the rally a leg up was Joe Biden’s victory in the November U.S. presidential election, along with […]
2020: Europe’s Energy Transition in 5 Trends
From a solar resurgence to hydrogen breakthroughs, Europe’s energy transition had a landmark year, just not the one it might have expected. With 2030 climate targets up for renewal, a new set of European commissioners in place, and the post-Brexit relationship to negotiate, this year was always going to be a big one for Europe’s […]
India to bank on innovative ways to garner Rs 1.75 lakh crore investment for renewable sector
NEW DELHI: India will look to be more innovative in its approach to garner additional investments worth Rs 1.75 lakh crore for having 35 GW of renewable power generation capacity next year to meet the ambitious target of 175 GW of clean energy capacity by 2022. At present, the country has a total installed […]
US to Extend Solar investment tax credit at 26% Until 2022
Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. The wind industry also received a […]
Petition seeking relaxation in the Banking provisions on account of unforeseen conditions of nationwide lockdown due to COVID-19 Outbreak
Petition of Siddhayu Ayurvedic Research Foundation Pvt. Ltd. and Peethambra Granites Pvt. Ltd. seeking relaxation in the Banking provisions for the month of April, 2020 on account of unforeseen conditions of nationwide lockdown due to COVID-19 Outbreak For more information please see below link: Petition of Adani Electricity Mumbai Ltd. -Distribution seeking reconciliation of the […]
ACORE Commends Congress for Including Commonsense Emergency Relief Measures for the Renewable Sector in Year-End Spending and COVID Relief Legislation
WASHINGTON, D.C.: Congress has reached a bipartisan deal that contains important emergency relief measures for the renewable energy industry, including a two-year extension of the investment tax credit (important for solar power), a one-year extension of the production tax credit (important for wind power), and a new 30% investment tax credit for offshore wind projects […]
Volvo Group begin customer deliveries of all-electric products
Launching a new generation of zero exhaust emissions products, leading French contractor Eiffage has taken delivery of an all-electric Volvo FE Electric truck and a Volvo ECR25 Electric compact excavator – becoming the first recipient of the products in France. The 17th December saw the first delivery of a Volvo Construction Equipment (Volvo CE) machine […]
IHS Markit: Global Investment in Renewables to Bounce Back in Coming Year to Pre-COVID Levels
Extra surge in capacity additions expected as falling costs give spending increase greater bang for the buck Global capex spending on renewables is poised to bounce back in 2021, rising 8.5% to $255 billion—in line with 2019 levels, according to Roger Diwan, vice president, financial services and the IHS Markit Energy Advisory Service. Annual […]
EIB Group backs € 12.5 billion COVID-19 support, business, clean energy transport and urban investment
€ 4.1 billion to tackle COVID-19 impact on health systems and private sector € 5.6 billion for corporate and SME financing with banking partners € 4.7 billion for clean energy and sustainable transport The European Investment Bank (EIB) Board of Directors today approved new financing totalling EUR 12.5 billion to support companies impacted by COVID-19, alongside […]
Ten ways to boost Indonesia’s energy sector in a postpandemic world
The success of Indonesia’s energy sector will depend on how the sector reimagines itself—and how public and private leaders address fundamental long-term challenges. Even before the COVID-19 pandemic, Indonesia’s energy industry had fallen on hard times. Production was well below what it had been just a decade ago, modernization efforts hadn’t kept pace with those of […]
