Financial commitments for utility-scale renewables projects in Australia have slowed to the lowest level in the past five years, according to the Clean Energy Council (CEC), which revealed investment in large-scale batteries in the country is booming. Just one large-scale renewable energy project was financially committed in Q1 2021 – the New England Solar Farm […]
Private Sector Investment Needed In Renewable Energy Development – Adu Koranteng
A Financial and Economic Journalist, Kwabena Adu Koranteng has called on the government to provide an attractive and business-friendly environment for the private sector to invest more in Ghana’s renewable energy drive in a bid to boost power supply in the long term. Speaking in an exclusive interview, Mr. Adu Koranteng who is also a […]
Johor’s RM1.4b Sultan Ibrahim Solar Park’s ground-breaking ceremony cancelled as Putrajaya stays tight-lipped about the project
JOHOR BARU — The highly-anticipated RM1.4 billion Sultan Ibrahim Solar Park’s official ground-breaking ceremony scheduled for this month has been scrapped due to the federal government remaining silent on the project. The post said the decision to cancel the ceremony was made as the federal government has yet to give any response with regards to […]
EDP to invest €24bn in energy transition
The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]
$300 bn investment lined up in Hydrogen projects globally
New Delhi: A mammoth $300 billion investment is currently lined up in Hydrogen projects globally that is set to materialize by 2030. Of this, projects entailing investment of $80 billion is already in mature stage, according to a new report. The report “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness” released […]
With Patchy Guidance, Companies May Have Climate Risk Blind Spots
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone. Scientific evidence tells us […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
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 […]
Bharat Forge invests another Rs 2.87 cr in ASPL to use 8.20 MW solar power
After this investment, the company now holds 11 per cent stake in ASPL. Bharat Forge has presence in automotive, power, oil and gas, and construction sectors. New Delhi: Bharat Forge on Friday said it has made an additional investment of Rs 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH […]
WBERC approves the investment proposal of Rs.1019 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme
WBERC approves the investment proposal of Rs. 1019.00 Crore under Strengthening and Extending Electricity Distribution Network (SEEDN) scheme IN REGARD TO THE APPLICATION SUBMITTED BY THE WEST BENGAL STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED (WBSEDCL) FOR INVESTMENT APPROVAL FOR STRENGTHENING AND EXTENDING ELECTRICITY DISTRIBUTION NETWORK (SEEDN) IN TERMS OF REGULATION 2.8.2.3 OF THE WEST BENGAL ELECTRICITY […]
