The country also added 4.78 GW of wind power between January and March, the NEA said SHANGHAI/BEIJING: China added 5.2 gigawatt of new solar power capacity in the first quarter, the National Energy Administration said in a briefing on Monday, which includes 2.4 GW from solar farms and 2.8 GW of new distributed solar projects. The country also […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Its Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
SaltX aims to compete with pumped hydro’s economics as 10MWh pilot launches
Electrical and heat storage using specially nanocoated salt (NCS) could be economically competitive with pumped hydro, SaltX has said, with a large-scale demonstration facility inaugurated in Berlin, Germany. Headquartered in Sweden, SaltX has been “working with salts for 15 years”, the company’s marketing director Eric Jacobson told Energy-Storage.news today. This specific application for the salt-based energy storage […]
Transition to 100 per cent renewable energy by 2050 will be cost-effective: Study
The study also finds that a 100 per cent renewable electricity system will employ 35 million people worldwide with roughly 9 million jobs in the coal mining sector from 2015 getting phased out completely by 2050 New Delhi: A transition of the global energy system to 100 per cent renewable energy by 2050 is possible […]
US wind power grew 8% in 2018 amid record demand
The American wind power industry emerged from 2018 stronger than ever, now able to power 30 million American homes after 8 percent capacity growth last year. The newly released US Wind Industry Annual Market Report, Year Ending 2018 reveals that US wind power supports a record 114,000 American jobs, over 500 domestic factories, and more […]
ReNew Power, NTPC eye PTC India’s wind power business
ReNew Power and NTPC are expected to soon submit binding bids for acquiring the PTC India’s wind power assets The sale, being managed by KPMG’s investment banking arm, could fetch a valuation of around ₹2,000 crore Mumbai: ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the […]
Renewable energy sector attracts FDI worth $7.48 billion since April 2000
Globally, India is the third largest solar market and has the fourth highest installed wind power capacity According to a report by the India Brand Equity Foundation (IBEF), the country’s renewable energy sector attracted foreign direct investments (FDI) worth $7.48 billion between April 2000 and December 2018. The IBEF report pegs new investments in clean […]
Vestas chairman expects some countries to reinstate wind power subsidies
Wind power businesses around the world have faced margin pressure as governments phase out subsidies and move towards more competitive contract tenders COPENHAGEN: The chairman of Vestas , one of the world’s biggest wind turbine makers, said he expects some countries to reinstate subsidies for wind power projects as governments are under pressure to build […]
Consumers Energy to Seek 5GW of Solar by 2030 Under Clean Energy Plan
Michigan utility agrees to a 50-50 split between utility and third-party RFPs to meet solar goals in a broader plan to eliminate coal use by 2040. Michigan utility Consumers Energy has filed a clean energy plan with state regulators that includes a promise to add 5 gigawatts of solar through competitive bidding by 2030, as […]