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Ørsted and Nestlé Sign15-Year Offshore Wind PPA

Nestlé UK has signed a 15-year PPA with Ørsted to buy green power output worth 31 MW from the 573 MW Race Bank Offshore Wind Farm.   Nestlé UK, the UK subsidiary of one of the world’s largest food and beverage companies, Nestlé, has signed a 15-year indexed fixed-price power purchase agreement (PPA) with Ørsted, […]

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Nedstack, Providence to Co-Develop Hydrogen Based Soln to offer Affordable Solar Power

With an aim to offer affordable solar power around the clock, Sydney based innovation firm Providence Asset Group (Providence) and fuel cell manufacturer Nedstack have entered into a strategic partnership agreement to co-develop and deliver hydrogen-based power-to-power solutions for the Australian and Pacific region solar market. Both companies are also looking for the potential to […]

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Making Clean Energy a key Part of Global Economic Recovery: IEA Roundtable

IEA and the Government of Denmark recently hosted a meeting to discuss the importance of making clean energy a key part of the global economic recovery The International Energy Agency (IEA) and the Government of Denmark recently hosted a high-level roundtable meeting in which government ministers and business leaders from around the world discussed the […]

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France Aiming for 1/3rd Renewable Energy Mix by 2030

France has recently submitted its final 2030 NECP to the EC, with an aim for 1/3rd renewable energy in its energy mix by 2030. France has recently submitted its final 2030 National Energy and Climate Plan (NECP) to the European Commission. The country will aim for 33 percent or 1/3rd renewable energy in its energy […]

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Siemens Gamesa Secures O&M Contract for a 135 MW Senvion Wind Farm in Australia

Siemens Gamesa has secured a 20-year contract to provide full-scope O&M services for a 135-MW Senvion wind farm in Victoria, Australia. Siemens Gamesa Renewable Energy has announced that it has secured a long-term, 20-year contract to provide full-scope operation and maintenance (O&M) services for a 135-MW Senvion wind farm in Victoria, Australia. Under the agreement, […]

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58.1 GW of Renewables Added Since 2014, FDI Reaches $6.1 Bn

During the last 6 years, the cumulative renewables installed capacity has grown by about 72 percent to 138.9 GW, receiving USD 6.1 billion in FDI The Union Minister of Power and New and Renewable Energy RK Singh has said that during the last 6 years, the cumulative renewables installed capacity in the country has grown […]

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DSM Signs Largest Renewable Energy PPAs with EDPR, Origis Energy

Dutch multinational active in nutrition, health and sustainable living, Royal DSM has inked its largest renewable energy (RE) Power Purchase Agreements (PPAs) to date with EDPR and Origis Energy in Europe and USA respectively. With the signing of the PPA with EDPR, the company will source renewable power from 1 wind energy and 2 solar […]

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The Woodmac Weekly Update on Renewable Energy Worldwide

In the third of its weekly updates for the global renewables industry, Wood Mackenzie, the global research firm has shared its report for the week ending April 20. Solar and storage expected to see ~20% coronavirus impact compared to base case. Onshore wind impact is more muted in near-term, but cascading supply chain and construction […]

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China’s March Jump in PV Exports Unlikely To Sustain

China-based manufacturers got some relief in March, as PV equipment exports spiked 160 percent to 7.49 GW over the 2.83GW figure for February 2020. March was when most Chinese manufacturers restarted operations after the lockdown and disruptions caused there, by the Covid-19 outbreak. A resumption to full production is still in doubt, with restrictions rolling […]

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