Lexus is known for producing a range of hybrid vehicles and thanks to that effort, the company has managed to sell more than 2 million electrified vehicles globally. US and Europe were the best performing markets. Luxury car manufacturer, Lexus has announced that the company has sold more than 2 million electrified vehicles all over […]
Uber, Lyft Asked to Use Mostly Electric Vehicles for Rides in California
Both Uber and Lyft had committed to converting their US fleets entirely to EVs last year. Ride hailing cab operators Uber and Lyft have been asked to use mostly electric vehicles for their rides in California for the next few years. This US state’s clean air regulator has adopted rules to pass this mandate. This […]
SunPower Reports Q1/2021 GAAP Revenues As $306.4 Million
SunPower Corporation’s Revenues Slid By Over 10% Sequentially In Q1/2021, While Growing More Than 5% Annually; Reiterates 2021 Annual Guidance. SunPower recognized 127 MW capacity in Q1/2021, a quarter when its revenues dropped by more than 10% annually. But the management is confident of being in a position to benefit from strong industry tailwinds and […]
Lesotho May See Global Assets Seized After Contract Breach
Lesotho faces having 50 million euros ($61 million) of its assets seized around the world after breaching the terms of a contract with Frazer Solar GmBH. Frazer Solar, which began legal action against the southern African nation in 2019 after what it said were a series of contractual breaches, won an arbitration proceeding in South […]
India Climbs to 3rd Spot on EY Index on Impressive Show by Solar PV Segment
The US retains top position on RECAI 57 and is expected to hold its position under President Joe Biden, it stated. This dramatic change has been driven by the Indian government’s policy ambitions, EY said. India has moved a notch higher at the third spot on EY’s Renewable Energy Country Attractiveness Index due to an […]
Targray Unveils BIPV Solar Module Line-up for Commercial, Residential Buildings
New product line addresses growing global demand for building-integrated photovoltaic solutions. International solar supplier Targray has unveiled a line of high-efficiency solar modules for building integrated photovoltaics (BIPV) systems. Featuring a range of solar tiles, shingles and wall panels that integrate seamlessly with any building’s cladding, the new product line addresses the growing demand for […]
How Climate Risk is Driving Institutional Investment in Renewables
RECAI 57: as institutional investors address climate risk, new tools are unlocking additional value in the renewable energy sector. Global renewable energy capacity investments grew 2% to US$303.5b in 2020 — the seventh year in which investments passed US$250b. Approximately 20% of institutional investors have invested indirectly through funds in renewables in the past two […]
Air Compression to be Used in the World’s Largest Non-Hydro Energy Storage System
The largest advanced compressed-air long-duration energy storage (A-CAES) system in the world is set to be constructed in California in the United States, paving the way for a reliable renewable electricity network. Canadian company Hydrostor has announced that it is developing two 500MW/5GWh A-CAES projects in conjunction with US renewables developer Pattern Energy and French […]
FERC Denies Grid Operator MISO’s Request to Delay Distributed Energy Storage Market Participation
The US Federal Energy Regulatory Commission (FERC) has blocked a request to delay implementation of new market participation rules for energy storage made by the Mid-Continent Independent System Operator (MISO). MISO delivers electricity across its grid network in 15 US states and Manitoba in Canada and also has responsibility for operating an energy market with […]
Renewable Energy Key Part of India’s Growth Programmes: Javadekar
India has only 3 per cent contribution in the historical emissions and that the US, Europe and other regions have contributed more to harmful emissions over the last 150 years, the Minister said. New Delhi: Environment Minister Prakash Javadekar on Sunday said India is increasingly leveraging renewable energy to fuel its growing power consumption as […]
