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Woodmac Predicts Low Solar Achievement Rates for India By 2030

Market Research firm Wood Mackenzie (Woodmac) says that Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030.   China To Remain Leader   Even as China will remain leader in the region, woodmac says low completion rates in India mean the country will miss its 100 GW solar target for 2022, […]

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Wind Farms in Brazil’s Northeast Hit New Peak Generation Record, Again!

The Brazilian Northeast wind parks generated their peak —11,548 MW — at 23:56 local time on July 8, according to data from the National Electric System Operator (ONS). The volume produced by wind parks accounted for 99.2% of the regional need. This is the second time the region has broken its generation record this month. The previous […]

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Chief Manager – Finance

Focusing on month end treasury books closing. Timely renewal of working capital limit from existing banks. Management of LC/BG limit. Preparation of LC/BG MIS. Daily cash flow management. Assisting team in timely opening of LC and BG from various banks. Maintain and build sustainable relationships with working capital lenders and Credit rating agencies etc. Qualifications […]

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BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa

New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […]

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SECI Issues Tender for 100 MW Solar Plant in Chhattisgarh

The Solar Energy Corporation of India (SECI) on Friday (July 9) released a tender for the Design, Engineering, Supply, Construction, Erection, Testing & Commissioning of 100 MW (AC) Solar PV Project with Land having 15 years Plant O&M At Chhattisgarh. SECI had earlier issued a tender for land parcels in the state for 100 MW  […]

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New York Allocates $12.5 M for Green H2 Exploration

New York will use $12.5 million of state funds for long-duration energy storage technologies and pilot projects exploring the potential for green hydrogen production, said Governor Andrew M Cuomo recently. To support the state’s decarbonisation goals and its pledge to cut its carbon footprint by 85% by 2050, New York is also collaborating with the […]

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RE Capacity Addition to Grow to 11GW in FY22, Predicts ICRA

While renewable energy capacity addition reduced by 1.3 GW last year due to coronavirus-induced disruptions, ICRA expects the capacity addition to improve to 10.5-11 GW in FY22, led by a strong project pipeline of approximately 38 GW. Additionally, more than 20 GW RE projects are under the tendering phase from various nodal agencies, providing visibility […]

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Norway Allocates $1.2 bn for RE Projects in Developing Nations

The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […]

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2020 A Year Like No Other, Confirms BP Statistical Review

Acknowledging the massive disruptions caused by the Covid pandemic in 2020, the annual BP Statistical Review has called 2020 ‘a year like no other’, as it lays bare the hits and misses for the energy sector in 2020. The headline number in our view, Carbon emissions from energy use fell by 6.3%, to their lowest […]

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