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I Squared Sells Grupo T-Solar to Cubico for $1.8 Billion

Infrastructure investment manager I Squared Capital has agreed to sell Grupo T-Solar to Cubico Sustainable Investments Ltd. for 1.5 billion euros ($1.8 billion). T-Solar has 274 megawatts of installed and regulated solar power capacity in Spain and Italy, according to an emailed statement from I Squared. The internal rate of return for the deal was […]

EIB Investment Report 2020/2021: European Union is leading the way in green technology investment

Renewable power generation capacity to hit 1GW by August 2021

TEHRAN : Mohammad Satakin, who heads Iran’s Renewable Energy and Energy Efficiency Organization (SATBA), said the capacity of the country’s renewable power plants is going to reach 1,000 megawatts (one gigawatt) by the end of the current government’s incumbency (August 2021). To achieve this goal, SATBA has undertaken various activities, including monitoring and controlling the […]

Israel and UAE agree renewable energy deal

ADB approves $600 mln loan for Indonesia’s PLN for renewable power

  JAKARTA: The Asian Development Bank (ADB) on Tuesday approved a $600 million loan for Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy. The loan is part of the second phase of an electricity grid development programme covering the outer regions of Kalimantan, Maluku, and Papua in the […]

China doubles new renewable capacity in 2020, but continues to builds thermal plants

Renewable power is defying the Covid crisis with record growth this year and next

Renewables will account for almost 90% of the increase in total power capacity worldwide in 2020 and will accelerate in 2021 to their fastest growth in the last six years, new IEA report says Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the Covid-19 crisis in […]

The Economics and Technical Considerations of Solar + Storage

28 new renewable power plants to go operational in Iran by Mar. 2021

According to Ali Shab-Navard, currently, 54 companies are constructing renewable power plants, including solar, wind, hydroelectric, etc. with a total capacity of 229.39 megawatts (MW) across Iran. With the mentioned power plants going operational, not only 493,500 megawatt-hours (MWh) of electricity will be produced annually, but it will also save equivalent to 140 million cubic […]

Israel and UAE agree renewable energy deal

Corporate-driven PPAs to grab 20% of renewable power additions

The US has a growing portion of new renewable energy projects being built to meet demand coming directly from corporations, according to a new analysis by IHS Markit. Agreements by which corporations contract electricity from renewable power producers are expected to be responsible for 44-72 gigawatts (GW) of wind and solar additions in the country […]

Biden puts US back into fight to slow global warming

ALDI Australia wants 100% renewable power for stores, warehouses next year

Retailer ALDI Australia this week said it aims to achieve 100% renewable electricity use at its stores and warehouses by the end of 2021 through a solar installation programme and two power purchase agreements (PPAs) for wind. By the end of 2020, ALDI will have installed 31.6 MW of solar photovoltaic (PV) capacity at more […]

China doubles new renewable capacity in 2020, but continues to builds thermal plants

SABIC TO OPERATE CHEMICAL PLANT ON 100% RENEWABLE POWER

SABIC’s polycarbonate facility in Cartagena, Spain, is set to become the world’s first large-scale chemical production site to be run entirely on renewable power, following the signing of a major agreement with Iberdrola, a world-scale electric utility company. Iberdrola will invest almost €70m to construct a 100MW solar photovoltaic (PV) facility with 263,000 panels, on […]

Israel and UAE agree renewable energy deal

COVID-19: Renewable power generation remains unaffected amid lockdown, says report

According to the report titled ‘Power Watch: March 2020’, thermal plant load factor (PLF) declined to 52.6 per cent in March 2020 on account of the lower demand New Delhi: Amid the COVID-19 lockdown, renewable power generation remained unaffected due to their ‘must-run’ status while electricity from thermal sources were impacted most due to a […]

The Economics and Technical Considerations of Solar + Storage