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Solar now the Cheapest Source of new Power in Many Markets: WoodMac

A new report finds that by 2030, solar will become the cheapest source of new power in every US state, plus Canada, China & 14 other nations The cost of solar power has dropped 90 percent over the last two decades, and will likely fall another 15 percent to 25 percent in the decade to […]

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Cabinet Approves MoU Between India and Uzbekistan for Cooperation in Solar Energy

The Union Cabinet has approved the MoU between India and Uzbekistan for cooperation in the field of Solar Energy. The Union Cabinet, chaired by Prime Minister Narendra Modi was apprised of the signing of Memorandum of Understanding (MoU) between India and Uzbekistan for cooperation in the field of Solar Energy. The main area of work under […]

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Urgency of Meeting Electricity Demand in China From Zero-Carbon Sources: Report

A new report has highlighted both the opportunity and urgency of meeting electricity demand growth in China from zero-carbon sources. On September 22, 2020, President Xi Jinping announced that China will strive to peak emissions before 2030 and achieve carbon neutrality before 2060. This new climate pledge is a critical step forward in the global […]

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Orsted, SGRE Consortium Receives Funding to Investigate Offshore Hydrogen Production

ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2 Joint […]

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Javadekar: India the Only Country Keeping Commitments on Climate Change

Union environment minister Prakash Javadekar has said that he believes that only India is keeping its commitments on climate change Union environment minister Prakash Javadekar has said that he believes that only India is keeping its commitments on climate change, despite accounting for only six to seven percent of total carbon emissions in the world. Speaking at a […]

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India has Moved From Being Power Deficit to Surplus: RK Singh

Union Power Minister RK Singh had said that India has moved from being power deficit to become power surplus during the Narendra Modi regime At a recent Memorandum of Understanding (MoU) signing between the J&K government and NHPC for the implementation of 5 power projects (hydropower) in the Union Territory, Union Power Minister RK Singh had said […]

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AMP Capital Joins Sterlite Power To Establish Transmission Platform

The two firms will invest USD 150 Million each in the development of four transmission projects Global investment manager AMP Capital has established a 50/50 partnership with Sterlite Power Transmission Limited (Sterlite Power) for the development of energy transmission projects in India. This marks the first investment in India for AMP Capital’s global infrastructure equity […]

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Vedanta Signs Declaration on Climate Change, Pledges to Carbon Neutrality

Vedanta, a leading natural resources company, has signed a declaration on climate change by pledging to move towards carbon neutrality. Vedanta, a leading natural resources company, has signed a declaration on climate change by pledging to move towards carbon neutrality at the Second India CEO Forum on Climate Change.  The firm stated that the mission […]

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India’s EV Market to Grow at 44 percent CAGR Until 2027: IESA

In its latest report, IESA has forecasted that India’s EV market is expected to grow at a CAGR of 44 percent between 2020-2027. In its latest report, India Energy Storage Alliance (IESA) has forecasted that in its base case scenario – India’s EV market is expected to grow at a CAGR of 44 percent between […]

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