Fitch Ratings-Singapore-03 May 2021: Portfolio mix, debt structure and financial profile are the key rating differentiators for APAC renewable issuers rated under Fitch Ratings’ Infrastructure and Project Finance Rating Criteria, says the agency in a peer review. The underlying credit assessments of 10 rated portfolios range from ‘bb-‘ to ‘bbb’. Fitch considers variance in actual […]
COVID Second Wave Can Hit Energy Demand in April-June Quarter: Report
The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra New Delhi: Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, India […]
Harnessing Renewable Hydrogen for Long Term Energy Storage
A reliable and affordable energy system is essential to the operation of nearly every function of the economy. One of the biggest challenges facing grid operators is to find cost effective ways to balance renewable energy production with demand. While batteries provide some flexibility, the ability to store large quantities of low-cost energy over long […]
KitKat to be carbon neutral by 2025, boosting sustainability efforts
KitKat, one of the world’s most popular chocolate brands, has today pledged to become carbon neutral by 2025. KitKat aims to reduce the emissions generated through the sourcing of its ingredients, the manufacturing of the product and its distribution by more than 50% as part of the plan. Most emissions occur when producing KitKat’s ingredients […]
Hyderabad based solar rooftop company Freyr Energy raises Rs 18 cr from Total, others
Total Carbon Neutrality Ventures is the venture capital arm of French energy giant Total. Its principal Florian Temimeat said Freyr eases acquisition of rooftop solar customers Mumbai: Hyderabad-based solar rooftop company Freyr Energy has raised Rs 18 crore equity investments from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners. The funds […]
50 MW green hydrogen facility one step closer to completion
The engineering of two transformative 50MW energy projects that could each produce nearly 24,000kg of renewable hydrogen a day is now complete, McDermott International confirmed today. Located in the US, each facility leverages New Energy Development Company’s proprietary design to power a series of electrolysers to produce green hydrogen and oxygen. The design also provides […]
Duke Energy and Wells Fargo sign renewable power agreement
Wells Fargo has executed a renewable power agreement under Duke Energy’s Green Source Advantage (GSA) program. Duke Energy announced that Wells Fargo will purchase more than 58 megawatts (MW) of solar capacity from the Blackburn Solar project, a planned facility on 600 acres in Catawba County. It will be developed, owned and operated by a […]
Tata Power Solar doubles manufacturing capacity of Cells & Modules to 1100 MW
It added that the expansion was a result of increased demand that the company saw for its solar modules New Delhi: Tata Power Solar, country’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, on Wednesday said it has doubled its manufacturing capacity of cells and modules to 1,100 MW at its Bengaluru […]
RENEWABLE CAPACITY STATISTICS 2021
Latham & Watkins Advises on Sale of AZUR SPACE Solar Power to 5N Plus
Latham & Watkins advised Renewable Investments Holding SA (which is controlled by a leading European insurance group) on the sale of AZUR SPACE Solar Power GmbH (AZUR) to 5N Plus Inc. (5N Plus). 5N Plus will acquire all of the issued and outstanding shares of AZUR for an expected total purchase price between €73‐79 million […]