New North American service for advanced, full-service energy storage testing to assist customers in ensuring bankability and predictive modeling for battery technologies FREMONT, Calif. : As global demand expands for reliable energy storage and battery technologies to pair with solar, Renewable Energy Test Center and VDE Renewables are partnering to provide a new level of performance and reliability […]
Latin America pledges 70% renewable energy, surpassing EU: Colombia minister
UNITED NATIONS : Latin American countries have set a collective target of 70% renewable energy use by 2030, more than double what the European Union is planning, Colombia’s energy minister said, ahead of her country’s October renewables tender. Colombia presented the target at the United Nations Climate Action Summit this week, where world leaders were […]
PM Modi calls for increasing share of renewable energy at PSIDS leaders’ meet
New York : To mitigate the adverse effects of climate change, Prime Minister Narendra Modi on Tuesday called for increasing the share of renewable energy in the total energy mix during the India-Pacific Islands Developing States (PSIDS) Leaders’ Meeting held on the sidelines of the 74th session of United Nations General Assembly here. He also […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
ESG 2.0: How to Improve ESG Scoring to Better Reflect Renewable Energy Use and Investment
In the white paper, ESG 2.0: How to Improve ESG Scoring to Better Reflect Renewable Energy Use and Investment, the American Council on Renewable Energy (ACORE) explores the current state of environmental, social and governance (ESG) investing in the U.S. and provides recommendations for ESG methodologies that better reflect renewable energy use and investment. This report […]
Honda Secures Auto Industry’s Largest Renewable Energy Purchase, Resulting in 60% Reduction in CO(2) Emissions from its North American Manufacturing Operations
– Two Virtual Power Purchase Agreements (VPPAs) will secure 320 megawatts (MW) of wind and solar power totaling over 1 million megawatt-hours (MWh) of renewable electricity annually – Innovative “collar” structure expands market for renewable energy purchases TORRANCE, Calif. : Seeking to slash CO2 emissions from its North American manufacturing operations, Honda has entered into […]
India has committed $90 bn renewable energy investment so far: UNEP
With an investment of $90 billion in renewables, India leads the list of developing countries in the list of top 20 countries New Delhi: India has so far committed a mammoth $90 billion investment in the renewable energy sector and is fast emerging as a leading investor for green energy projects, according to United Nations […]
Energy project financier PFS to raise Rs 4,000 cr from various investors in FY20
Renewable energy sector has been doing quite well and the company’s 60 per cent exposure is in the sector. As of now, the company has zero stress, Pawan Singh, MD and CEO of PTC India Financial Servicestold in an interview. New Delhi: Energy project financier PFS is planning to raise up to Rs 4,000 crore […]
Vietnam shoots past renewable energy target
Renewables account for 9 percent of Vietnam’s energy mix now, already surpassing the target of 7 percent set for 2020. As of July the country’s solar energy capacity was 4,543 megawatts (MW) and wind power capacity was 626.8 MW, Le Hai Dang, a strategy board member at Vietnam Electricity (EVN), said at the opening of […]
Green finance for renewable energy
HÀ NỘI : Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support. The statement was made by Simon James, Climate Change and Energy Adviser at World Wildlife Fund (WWF) in Việt Nam, at a conference held in Hà Nội on Wednesday. The workshop aimed at updating the […]