In Short – India can foster a circular economy for renewables by promoting recycling, enforcing producer responsibility, and optimizing resource use. These strategies enhance sustainability and minimize environmental impact in the renewable energy sector. In Details – To be energy secure, India will need to ensure a circular economy for its clean energy technologies […]
India Hits Record 18 GW Renewables in FY24 – EQ
In Short – In a significant achievement, India sets a new benchmark by reaching a record-breaking 18 gigawatts of renewable energy capacity during the fiscal year 2024. This milestone underscores the nation’s commitment to sustainable energy initiatives and highlights the growing importance of renewables in the country’s energy landscape. In Details – India has made […]
$2 trillion annual investment required to triple renewables by 2030: Report – EQ
In Short : A report highlights that an annual investment of $2 trillion is necessary to triple global renewable energy capacity by 2030. The report emphasizes the need for substantial investments to accelerate the transition to clean energy and achieve climate goals. Increased financial commitments, supportive policies, and technological advancements are crucial to meeting the […]
$293 billion needed for India’s tripling of renewables by 2030: Report – EQ
In Short : The estimated investment required for India to triple its renewable energy capacity by 2030 is approximately $293 billion, according to a report. This ambitious target indicates the substantial financial commitment necessary to significantly expand renewable energy sources within the country. In Detail : If the IEA global net zero pathways are to […]
India’s remarkable solar growth demonstrates the country’s commitment to renewables, highlighting their pivotal role in the future of sustainable energy – EQ
In Short : India’s remarkable growth in solar energy proves that renewables are the future of the country’s energy landscape. With increasing investments, supportive policies, and advancements in technology, solar power has become a driving force in India’s energy sector. This growth not only reduces the country’s carbon footprint but also fosters energy independence, creates […]
India needs to keep focus on renewables as oil price spike likely to deepen energy crisis – EQ
Global oil markets are firming up rapidly and it looks as if the gloomy forecasts of a high price scenario for next year may come true. Both Goldman Sachs and Citibank have predicted that crude oil will touch 100 dollars per barrel by the end of 2024. The hardening trend has arisen after Saudi Arabia […]
Over 50MW of tidal stream projects win contracts – EQ
Seven projects secure contracts in the Contracts for Difference Allocation Round 5 Seven tidal stream projects have secured contracts in the UK government’s latest renewables auction. Over 50MW of tidal stream capacity has been contracted, building on the 40MW secured in the previous round. The Marine Energy Council (MEC) said this was made possible by […]
Philippines’ latest auction awards over 3.4 GW of renewables – EQ Mag
The Philippines Department of Energy (DOE) has awarded about 3.44 GW of solar photovoltaic (PV) and onshore wind projects in the country’s second green energy auction round (GEA-2), significantly less than the initially offered capacity. The government’s Green Power Auction Bid Evaluation and Award Committee (GEA-BEAC) announced the successful bidders earlier this month. A total […]
Focus on ensuring stable power grid, renewables, not on green hydrogen: GTRI – EQ Mag
New Delhi : India should focus on ensuring a stable power transmission system and increasing renewables in the energy mix rather than on capital-intensive green hydrogen, think tank GTRI said in its report on Monday. Global Trade Research Initiative (GTRI) said that global private investments in green hydrogen are low, with rich countries providing substantial […]
G7 members should not compete against each other on renewables: European Commission President – EQ Mag
HIROSHIMA, Japan : The Group of Seven (G7) rich nations should work together to access technology and secure sources of critical minerals for a green transition, creating additional manufacturing capacity rather than competition, a top European diplomat said on Friday. The G7 is accelerating its push towards greener technologies after Russia’s invasion of Ukraine disrupted […]
