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Energy Transition

ADB to Invest $1 bn for Renewable Transition in the Pacific

ADB will invest over USD 1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation The Asian Development Bank (ADB) will invest over USD 1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable […]

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Bank of America Extends Rs 356.5 cr LOC to Fourth Partner Energy

Distributed solar energy solutions provider Fourth Partner Energy has received a USD 50 million (Rs 356.5 crore) LOC from the Bank of America. Hyderabad-based distributed solar energy solutions provider Fourth Partner Energy has received a USD 50 million (Rs 356.5 crore) line of credit (LOC) from the Bank of America. This is Bank of America’s […]

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Akuo Energy Completes Financing of 132 MW Wind Capacity in Poland

Akuo Energy has announced the completion of the financing of three wind power projects in Poland in partnership with Mirova Eurofideme 4 Akuo Energy, an independent global renewable energy power producer and developer, has announced the completion of the financing of three wind power projects in Poland in partnership with Mirova Eurofideme 4, a fund […]

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Good, But Not Good Enough: Solar Energy Growth in Light of the Paris Agreement

From December 2-13, UN Secretary-General António Guterres is hosting the UN Climate Change Conference (COP25) in Madrid, where global leaders are discussing their environmental agendas and specifying their nationally determined climate contributions. With solar playing a key role in the decarbonization of the energy sector, it is time for REC Group to take stock of […]

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Survey Finds Govts Should Take Stronger Action on Energy Efficiency

Governments need to take stronger action to reverse the worrying slowdown in global energy efficiency improvements, according to a public survey by the IEA Governments need to take stronger policy action to reverse the worrying slowdown in global energy efficiency improvements, according to a public survey conducted by the International Energy Agency (IEA). The survey […]

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Solar PV Energy Capacity to Exceed 8000 GW by 2050: Report

A new report has predicted that while capacity additions in Asia, North America and Europe, the global PV solar capacity could exceed 8,000 GW by 2050. Wind energy and concentrated solar power (CSP) have reduced their costs significantly, but it is solar photovoltaic (PV) that has reduced its costs dramatically, thanks to rapid developments in […]

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Clean Energy Investments in Developing Nations Falls Post Slowdown in China

A new report has revealed that the investments in clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. A new report has revealed that the investments in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in […]

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Facebook Signs PPA for Procuring 61.6 MW Solar Energy

Apex Clean Energy has announced that Altavista Solar has executed a PPA with Facebook for a 61.6 MW portion of the project. Apex Clean Energy has announced that Altavista Solar has executed a power purchase agreement (PPA) with Facebook for a 61.6 MW portion of the project. Altavista Solar will become the first solar energy […]

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Asia Pacific’s Clean Energy Bill to hit $3.5 Trillion by 2040

New research has indicated that the Asia Pacific decarbonisation bill could hit USD 3.5 trillion by 2040. New research has indicated that the Asia Pacific decarbonisation bill could hit USD 3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydropower, collectively referred to as zero-carbon energy between now and 2040, under […]

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