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Momentum Solar

Iberdrola Takes 100% Ownership in 496 MW Offshore Wind Project

Iberdrola has assumed 100 percent ownership of Ailes Marines, which is developing, constructing & operating the 496 MW Saint-Brieuc offshore wind farm in France. Iberdrola has increased its ambition in the offshore wind industry, following the conclusion of an agreement to take 100 percent ownership of Ailes Marines. The company is developing, constructing and operating […]

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What India’s Large Storage Tender Means for Its Coal Thermal Sector

Coal, despite its stubborn persistence to the country’s energy needs, might have seen the beginning of the end. The lead indicator? Prices discovered in the largest ever renewable plus storage tender by SECI. In August 2019, SECI, the country’s primary nodal agency for renewable energy auctions and purchases came out with a huge tender. On […]

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GWEC & JWPA Joint Task Force to Drive Offshore Wind Growth in Japan

GWEC and the Japan Wind Power Association have announced that they have formed a joint Japan Offshore Wind Task Force to drive offshore wind growth in Japan The Global Wind Energy Council (GWEC) and the Japan Wind Power Association (JWPA) have announced that they have formed a joint Japan Offshore Wind Task Force to drive […]

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GM Invests $2.2 Bn in its First 100% Plant Devoted to Electric Vehicles

General Motors’ (GM) is investing USD 2.2 billion in its Detroit-Hamtramck assembly plant to produce a variety of all-electric vehicles General Motors’ (GM) vision of an all-electric future is coming into clearer focus and gaining momentum with a USD 2.2 billion investment at its Detroit-Hamtramck assembly plant to produce a variety of all-electric vehicles including […]

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No. 1 Rank in Clean Energy Investment Underlines India’s Promise And Intent

Bloomberg New energy Finance, in its Climatescope survey titled “Emerging Markets Outlook 2019”  has placed India at the top among developing economies. The top ranking in a list of 104 emerging economies will come as reassurance to many investors, both existing and potential, about their plans for the country. India has been followed by Chile, […]

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ReneSola Halves Forecast for Q4 2019 Citing Delay in Project Sale

ReneSola has updated its financial guidance for Q4 & fiscal year 2019 to reflect the delay in recognising revenue from the sale of a solar project in Canada ReneSola, a leading fully integrated solar project developer has announced that it has updated its financial guidance for the fourth quarter (Q4) and fiscal year 2019 to […]

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Renewable Investments up 1% YoY in 2019, India Records 14% Less

Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1% from 2018, India saw an investment of USD 9.3 billion, down 14% Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1 percent from 2018’s USD 280.2 billion, with the world’s biggest market (China) slipping back, but […]

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Will ADITYA Succeed Where UDAY failed?

Based on the stories that have come out so far, the following aspects of the proposed new scheme to clear India’s discom mess have emerged. Called ADITYA (Atal Distribution System Improvement Yojana), the new scheme could be announced as early as February 1, with the union budget presentation. First, the scheme will reward performing discoms […]

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IEA Announces Award for 250 MW Wind Project in Illinois

IEA a leading infrastructure construction company with specialised energy & heavy civil expertise has announced a wind energy project award in Illinois. Infrastructure and Energy Alternatives, (IEA), a leading infrastructure construction company with specialised energy and heavy civil expertise has announced a wind energy project award in Illinois. The award is for the construction of […]

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