LONDON: Massive post-pandemic stimulus packages are mostly failing to support action to tackle climate change or halt the loss of biodiversity, but the amount of green spending is slowly tracking upwards, according to a study published on Friday. Advocates of rapid action to slash planet-warming emissions see the packages as a once-in-a-generation opportunity to invest […]
Macquarie Raises Almost $2 Billion for Renewable Energy Fund
Macquarie Group Ltd.’s green investment arm raised 1.6 billion euros ($1.94 billion) for a renewable energy fund. The company’s Green Investment Group Renewable Energy Fund 2 closed after exceeding its target of 1 billion euros and received commitments from 32 pension funds and insurers from largely the U.K. and Germany, as well as from some […]
Energy storage must present itself as a solution to renewable integration woes: McCarthy
The energy storage industry must craft a better deployment strategy and do more to raise awareness of its role as a solution that will allow for greater integration of renewable energy, Gina McCarthy, national climate adviser for President Joe Biden, said at an industry forum. Energy storage will need to be a central part of […]
AFRICA: AREP’s investment will enable the expansion of energy company Sola
African Rainbow Energy and Power (AREP) acquires 40% of Sola Group, a solar energy provider based in Cape Town, South Africa. Through this investment by AREP, Sola Group will expand its activities in Southern Africa. African Rainbow Energy and Power (AREP) is now the majority shareholder in Sola Group, a solar energy provider that focuses […]
UPNEDA Announces Tender for 275 MW of Solar Projects
Bid invited for selection of Solar Power Developer for setting up capacity 275 MW Grid connected Solar PV Power Projects in U.P Solar Park The last date to submit the bids is March 1, 2021 For more information please see below link:
China seen using 6-7% more power in 2021, adding 140 GW renewable capacity
China, the world’s second biggest economy, used 7.51 trillion kilowatt hours (kWh) of power last year, up 3.1% from 2019. BEIJING : China is expected to use 6-7% more electricity in 2021 than last year, the China Electricity Council (CEC) forecast on Tuesday, despite concerns over a new coronavirus outbreak disrupting industrial activity. China, the […]
Australia leading world with record renewable take-up, new data finds
More than two million extra Australian homes were powered by new renewable energy generation last year as wind and solar projects hit record levels, official government data has found, despite the coronavirus-induced economic downturn. The Clean Energy Regulator estimates a record 7 gigawatts of new renewable capacity was installed throughout Australia in 2020 off the […]
China’s CEIC, China Reform set up $1.55 bln new energy fund
Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-owned Assets Supervision and Administration Commission said. SINGAPORE: State-run China Energy Investment Corp (CEIC) and China Reform Holdings Corp have set up a 10.02 billion yuan ($1.55 billion) fund […]
Nel says ‘green’ hydrogen could be as cheap as fossil alternative by 2025
Nel makes electrolysers used to make so-called green hydrogen from water rather than from fossil fuels, and also hydrogen fuelling equipment OSLO: Norway’s Nel, a maker of zero-emission hydrogen technology, will expand its operations in 2021 to make its products more cost competitive, leading to a significant loss for the year, it said on Thursday. […]
China doubles new renewable capacity in 2020, but continues to builds thermal plants
China’s 2020 figure is ahead of the 60.4 GW of new wind capacity added globally in 2019, according to data from the Global Wind Energy Council BEIJING | SHANGHAI : China more than doubled its construction of new wind and solar power plants in 2020 from a year earlier, government data showed, reflecting Beijing’s pledge […]