Dozens of children at a clinic in North Kivu, on the eastern border of the Democratic Republic of Congo (DRC), received a measles vaccine in May, made possible by a quiet revolution in refrigeration that keeps vaccines cold, even in places without reliable electric power. The “solar direct-drive” refrigerators – plain, box-like coolers that do […]
‘Astro-stays’ bring tourists and solar power to Himalayan villages
An Indian social business that leads Himalayan treks to set up solar micro-grids in remote mountain villages plans to expand its clean-energy work to other countries facing similar challenges, after winning a United Nations climate award. An Indian social business that leads Himalayan treks to set up solar micro-grids in remote mountain villages plans to […]
Green bonds shoot past $1 trillion mark in record month
Record Month Shoots Green Bonds Past Trillion-Dollar Mark Amid global turmoil, green bond issuance is serving as a beacon for sustainability, surpassing $1 trillion issued since the market’s inception in 2007 London and New York: Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, […]
Offshore wind firm Orsted beats third-quarter expectations
The world’s largest offshore wind farm developer kept its full-year guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) of 16-17 billion Danish crowns ($2.5-$2.7 billion) COPENHAGEN: Danish energy group Orsted beat third-quarter profit expectations on Wednesday, but said offshore wind projects in the United States faced “significant” delays. The world’s largest offshore wind […]
OPINION: Leveraging international capital flows for India’s green recovery and clean energy transition
The finance sector needs to better integrate long-term climate risks into investment decisions, and work with governments and development partners to design suitable financing vehicles to help scale private capital flows for clean energy New Delhi: COVID-19 induced economic recession in India has created an urgent need to ramp up investments and create much-needed jobs. […]
Covid-19 contributed in 2.5 years’ worth fall in emissions: BNEF report
The report attributed the current fall in emissions to build-out of wind and solar power, the uptake of electric vehicles and improved energy efficiency across industries. The New Energy Outlook (NEO) 2020 by Bloomberg New Energy Finance (BNEF) indicated, the drop in energy demand due to the coronavirus pandemic would remove 2.5 years’ worth of […]
NIMMA says MNRE Supports Solar MSME’s Manufacturers on BIS Issue a Big Relief
Ministry of New & Renewable Energy today came out with a official notification extending the exemption for the BIS Certification for solar module manufacturers with upto 50MW annual production capacity. It benefits close to 100 Such module Manufacturers. On this Ocassion, NIMMA President Mr. Manish Gupta expressed joy and thank MNRE for their support to […]
The Rockefeller Foundation Commits USD1 Billion to Catalyze a Green Recovery from Pandemic
Building on current efforts and long-standing programs, the Foundation will focus on two key areas: catalyzing billions of dollars in private and concessional investments to scale distributed renewable energy across developing countries; and ensuring more equitable access to COVID-19 tests and vaccines, science-based tools, and data to fight the pandemic, while strengthening public health systems […]
Big OEMs unlikely to invest electrification technology in short term: IND-RA
“Larger OEMs are waiting for a government policy, like that of the Delhi State policy, to incur heavy material Capex. However, both the OEMs and the auto ancillaries would continue to invest in small startup entities or collaborate with foreign partners,” says rating agency Ind-Ra NEW DELHI: The big original equipment manufacturers (OEMs) of two-wheelers […]
Covid impact: PU asked to expedite installation of rooftop solar panels
Amid dwindling finances, the university is hoping to save on electricity expenditure by switching to solar energy. Amid dwindling finances owing to the pandemic outbreak, Punjab University (PU) has decided to expedite the installation of rooftop solar panels on campus to curtail spending. The recommendation was made by a special panel constituted by the varsity […]