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Georgia to invest in multiple renewable energy projects

The government of Georgia has given green signal to several projects for the development of renewable energy. The key decisions were taken during the official session of the Georgian Government Administration. The government has officially announced that the country will invest $200 million in wind, hydropower, and solar projects to take renewable energy to greater […]

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China, Europe Will Lead World To Record-breaking RE Capacity In 2022

The International Energy Agency (IEA) said today (May 11) that China and Europe would lead the world to set a new record in renewable energy capacity in 2022 after which the momentum could drop in the following year. The findings come from IEA’s Renewable Energy Market Update for May, 2022. A press release issued by […]

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Battery Boom Could Redraw Geopolitical Order

Russia’s invasion of Ukraine has accelerated a shift to investment in renewables and storage batteries as a way to reduce dependence on imports of fossil fuels a large part of which comes from OPEC and Russia. Dependent on Russia for supply of gas everyday, Europe and USA are desperately trying to break free and access […]

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50% of Power In Spain Comes From Renewables In April

Span’s national grid operator Red Electrica de Espana has informed in its estimates report that Spain had produced a little over half of its electricity from renewable sources of energy last month. It said that in April the Spanish power coming from clean sources was 50.1 per cent. It has higher than what was produced […]

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Renewable Energy Supply Increases By 15.5 GW: CEEW-CEF

New capacity addition of non-hydro renewable energy increased to 15.5 GW during FY22, according to the latest edition of the CEEW Centre for Energy Finance (CEEW-CEF) market handbook on May 6. Compared to 7.7 GW installed in the previous FY, it is quite an improvement. However, it is a poor consolation given India has the […]

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Envision Energy Gets 2000 MW Wind Turbine Orders in India

Chinese wind turbines and energy management software provider, Envision Energy has announced that it has been awarded a 2000 MW (2GW) wind turbine order in India. Envision has said that a total of 596 wind turbines, all manufactured in Envision’s India factory, will be delivered by the end of 2023. The official statement of Envision held […]

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Green ammonia from green hydrogen can reduce India’s fertiliser subsidy burden

A shift to green ammonia would significantly reduce the Indian government’s massive fertiliser subsidy burden and boost energy self-reliance by cutting dependence on imports of expensive liquified natural gas (LNG) for fertiliser manufacturing, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Of course, green ammonia itself would come […]

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Envision to Supply Turbines for ASEAN’s Largest Wind Farm

China based Envision Group has signed a ‘Letter of Intent’ with Impact Energy Asia Development Limited (IEAD) for the supply of wind turbines to the 600MW Monsoon Wind Project in Lao(s) PDR. The construction of the wind farm will start this year and is expected to be commercially operationalized in 2025. Envision plans to supply […]

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India will need $12.4 trillion to meet long term net zero goals: Report

India will require $12.4 trillion to transition to net zero and help the world in its efforts to stave off the worst of climate change, according to a latest study by Standard Chartered. It said that emerging markets, overall, would need an additional $94.8 trillion – a sum higher than annual global GDP – if […]

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