Despite pandemic disruptions, there is plenty of investment capital available for renewable projects While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note. Policy-related headwinds and a […]
Enel to build first solar plant in India after winning tender
MILAN: Italy’s biggest utility Enel said on Tuesday it had won its first photovoltaic tender in India and would be spending around $180 million to build its first solar plant in the country. In a statement, the group said its green energy unit had won the right to sign a 25-year energy supply contract […]
Red tape thwarts South Africa’s green energy potential
Based on the government’s plan to add 2.6 gigawatts (GW) of as yet unprocured wind and solar capacity in 2022, the next auction could attract more than $2 billion in investment, a analysis of industry estimates found JOHANNESBURG: World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a […]
After Violent Clashes of 2019, Investors Reassess Chile’s Prospects for Renewable Energy
Social unrest led Chile to give up hosting the U.N.‘s COP25 summit in December, but investors are showing signs of confidence in the country’s renewables market. Investors believe the prospects remain strong for Chile’s hot renewables market, despite recent social unrest that caused the nation to relinquish hosting climate talks last year. Chile was forced […]
Brooklyn gets New York’s biggest battery park from Italy’s Enel
MILAN: Italy’s Enel has installed New York City’s biggest battery storage system, which it said on Monday will help power the Brooklyn area during periods of peak demand. The need for battery storage systems is expected to mushroom as renewable energy plays an ever-greater role in helping to power the grid when there is not […]
Enel Builds New York City’s Biggest Battery, With a Twist
The city is a tough nut for storage developers, but Enel proved it has the cracker. Enel X has completed the largest battery storage project in New York City, using an unusual business model to break through in a tough market. New York City consumes a tremendous amount of electricity in a congested part of […]
Enel to Build 14GW of Renewables by 2022 as Decarbonization Race Heats Up
European utility already claims the world’s largest renewables fleet, with 46 gigawatts under management. European utility giant Enel has committed half of its total investment over the next few years to decarbonization, part of a new strategic plan revealed on Tuesday. Between 2020 and 2022, the Italian group will invest €11.5 billion ($12.6 billion) in […]
8 Countries (Besides the US) With Solar Under $25 per Megawatt-Hour
Around the world, solar power price records just keep on coming. One of the biggest U.S. solar stories of the summer was developer 8minute’s pricing record of $19.97 per megawatt-hour for a Los Angeles project. The project, which looks set to go ahead following initial union resistance, remains a relatively rare public example of sub-$25 […]
NextEra and Southern Company Rank as Largest Solar Owners Outside China
The global solar market is growing rapidly but remains highly fragmented, Wood Mackenzie says. NextEra Energy is the largest owner of solar PV capacity outside China, in a “highly fragmented” global market, according to a new ranking from Wood Mackenzie. NextEra has long dominated the U.S. wind market, where its 15-gigawatt base of installed capacity […]
UPDATE 1-Enel upbeat on outlook after renewables and grids boost earnings
MILAN: Europe’s biggest utility Enel painted an upbeat outlook after posting a strong rise in earnings in the first six months driven by its green energy and network businesses. “Our next Capital Markets Day will be hinged on strong organic growth fueled by strong cash flows,” CEO Francesco Starace told analysts. Enel, which controls Spanish […]