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Middle East

ADB Raises €600 Mn via Green Bond to Spur Climate Financing

Further, the bond has a coupon rate of 0.35 percent p.a. payable annually and a maturity date of July 16, 2025. It was priced at 99.924 percent to yield 43 basis points (BPS) over the DBR 0.5 percent February 2025. Philippines-based Asian Development Bank (ADB) has raised €600 million to help finance climate change mitigation […]

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World to Get 50% Electricity from Wind and Solar by 2050, says BNEF Report

“We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses,” said Seb Henbest, Head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. The world will generate half of the power generation […]

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Scorchio – Solar Energy is on the Up So too are Associated O&M Costs

The Early May Bank Holiday weekend saw record temperatures across the UK, with many southern and eastern counties experiencing hotter weather than the Mediterranean. Such was the weekend heatwave that solar power transpired to be the dominant energy source between 12.15 and 3.15 on the Sunday, producing more power that the conventional energy generation sources, […]

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Need of Hour: Reduce | Reuse | Recycle

What happens to all the “green” infrastructure when it reaches the end of its life? The question is how will India dispose 100 gigawatt (GW) worth of solar panels in the next 20 years? While the production of solar energy is green, is there a well thought out and environment-friendly plan for end-of-life treatment of […]

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Nuclear Power and Renewables Propelling Clean Power Generation

The highlight of the ‘Paris Agreement’ at the United Nation’s COP21 global climate conference held in late-2015 was its ‘binding’ aspects for the signatory countries. Although partial in their scope, these constitute a more decisive step compared to the earlier global climate summits. To make the emission reduction commitments made by nations, called ‘Intended Nationally […]

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ABB India Dec Quarter Net Profit up 5.3%; Eyes Solar Expansion Overseas

We have delivered balanced performance in 2017, and built a solid foundation for future growth and profitability as our nation’s and global markets improve, says Sanjeev Sharma. ABB India Ltd, a leader in power & automation technologies, has reported a rise of 5.3 per cent in its standalone net profit after taxes (PAT) at Rs 171.52 […]

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Global Concentrated Photovoltaic (CPV) Market Analysis to 2025: Market is Expected to Reach USD 6.35 Billion

The global concentrated photovoltaic (CPV) market is expected to reach USD 6.35 billion by 2025 at a 10.1 percent. Demand for concentrated photovoltaic is anticipated to register rapid growth owing to its ability to harness solar energy in areas with no space constraints. CPV technology is yet to gain worldwide acceptance and manufacturers are constantly […]

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JinkoSolar & Marubeni 1177 MW Sweihan Project Wins MESIA Large Scale Solar Project Award

The award is one of the Middle East’s most recognized honors and further demonstrates the significance of the Sweihan project. JinkoSolar Holding Co., Ltd. a global leader in the solar PV industry, announced that its world record breaking 1177 MW Sweihan project, co-developed by JinkoSolar, Marubeni, and the Abu Dhabi Electricity and Water Authority (“ADEWA”), […]

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How Automating O&M is Changing the Solar Game?

It’s the zenith of time when we keep aside the analog system trying to be devised under discreet technology. To more prudently christen the above statement, the unanimous metaphor in technology is automation, machine learning and cognitive technologies. With that saying, a light note on how a robot like “Vicky” of the popular American comedy […]

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