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Electricity Act

Electricity Demand to Rise 62%; Generation Capacity to Triple by 2050

As a result, an aggregate investment of about USD 13.3 trillion is expected to be attracted in the sector, including USD 4.2 trillion in solar and USD 5.3 trillion in wind energy. The world’s power generation capacity is likely to triple between 2018 and 2050, as the demand for electricity may grew by 62 per […]

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LONGi Ranked Most Financially Stable PV Manufacturer by BNEF

LONGi Solar has topped the BNEF Altman-Z score chart for solar module manufacturers for the first time. Chinese solar PV major, LONGi Solar has topped the Bloomberg New Energy Finance (BNEF) Altman-Z score chart for solar module manufacturers for the first time – and with a highly increased score. The Altman-Z ratio measures a company’s […]

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Target Commits to Sourcing 100% Renewable Electricity by 2030

Target Corporation, the eighth-largest retailer in the US plans to source 100 percent of its electricity needs from renewable energy sources by 2030. Target Corporation, the eighth-largest retailer in the United States has announced its plans to source 100 percent of its electricity needs from renewable energy sources by 2030. The goal will apply to […]

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Global Action Needed to Scale Up Hydrogen For a Clean & Secure Energy Future

The world has an important opportunity to tap into the vast potential of hydrogen to become a critical part of a more sustainable and secure energy future, the International Energy Agency (IEA) has revealed in a major new report. The in-depth study, which analyses hydrogen’s current state of play and offers guidance on its future […]

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Govt Planning To Open 50-GW Battery Manufacturing Tenders

Two months after the cabinet okayed the National Mission on Transformative Mobility and Battery Storage, the govt is in the process to open tenders to set up 50-GW battery manufacturing base in India The government is planning to issue tenders inviting companies to set up 50-GW battery manufacturing base in India soon. This will form […]

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Finally, some Solar action from Bihar as BREDA tenders out 250 MW

Bihar, a long term laggard in solar with barely a 100MW of operational solar installations in the state, is finally moving to change the status quo, it seems. The state’s nodal agency, Bihar Renewable Energy Development Agency (BREDA) has invited bids for setting up 250 MW of grid-connected ground-mounted solar photovoltaic (PV) projects in the state. […]

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Regulatory Challenges a Limiting Factor for RE in India

The increasing share of renewables in the total energy mix of the country may lead to an increase in regulatory challenges for coal-based projects in the long term, global rating agency Moody’s Investors Service has revealed. The higher share of renewable energy in the total energy mix presents key regulatory challenges in terms of integrating new renewable […]

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NTPC Granted Electricity Trading License by CERC

CERC has granted NTPC Ltd. with an Electricity Trading License to expedite solar and wind projects in the country. The Central Electricity Regulatory Commission (CERC) has approved the application filed by NTPC ltd. to grant the PSU with an electricity trading license in the country. The central commission has proposed granting the power utility with […]

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