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Renew Financial Sells Residential PACE Assets for $160 Million

Renew Financial has announced the sale of USD 160 million of residential Property Assessed Clean Energy (PACE) assets to Amalgamated Bank Renew Financial has announced the sale of USD 160 million of residential Property Assessed Clean Energy (PACE) assets to Amalgamated Bank, America’s socially responsible bank. PACE programs allow property owners to finance the costs […]

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Economic Survey 2019-20. Opportunity Ignored?

The Economic Survey for 2019-20 was presented by Finance Minister Nirmala Sitharaman today in parliament. The survey, which is taken as a useful indicator of government intent, though not always ability to take action, is notable for what it talks about, and perhaps worryingly, what it ignores. Thus, in a survey where there seems to […]

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Vena Energy to Begin Work on 100 MW Australian Battery Project

Vena Energy Australia has announced that it will soon begin construction of Queensland’s largest grid-scale battery near Wandoan in the Western Downs Renewable power producer Vena Energy Australia, which is a subsidiary of Singapore-based Vena Energy has announced that it will soon begin construction of Queensland’s largest grid-scale battery near Wandoan in the Western Downs, […]

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EVs to Cost Less Than ICE Vehicles Inside 3 Years: Niti Aayog CEO

EVs will cost less than ICE vehicles in 3 years as the price of battery packs is expected to fall by almost 51% per unit, NITI Aayog CEO Amitabh Kant said Electric Vehicles (EVs) will become cheaper than internal combustion engine (ICE) vehicles in three years as the price of battery packs of EVs is […]

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As Cancellations Surge, India’s Solar ‘Pipeline’ Drying Up

News from the much celebrated 2 GW auction of NTPC in 2018, where top developers had bid for prices as low as Rs 2.59 is not good. 70 percent of the capacity won by developers, namely, Acme Solar, Shapoorji Pallonji, and Azure Power, have opted out of the deal, citing regulatory delays. The option of […]

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Reduction in Power Cost due to Prepayment by Customers: Power Ministry

The Ministry of Power has asked the state and UT governments to consider reducing the cost of power due to prepayment by the end consumers. The Ministry of Power (MoP) has in its latest notification asked the state and UT (Union Territory) governments to request the state electricity regulatory commissions (SERC) to consider reducing the […]

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Limiting Global Warming Will Minimise Climate Costs: Study

A recent study suggests that if global warming can be restricted to 2 degrees Celcius, the costs of climate damage control will also decrease. A recent study by a group of Postdam scientists has found that the Paris Agreement apart from being politically sensible makes sense in terms of the economy as well. The Paris […]

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ITI Limited to Invest Rs 150 Cr to Boost Solar Panel Capacity

ITI Limited has announced its plans to invest around Rs 150 crore to scale up its solar panel manufacturing capacity to 90 MW in the next fiscal. Public sector electronics and telecom equipment manufacturer ITI Limited has announced its plans to invest around Rs 150 crore to scale up its solar panel manufacturing capacity to 90 MW in […]

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Capital Dynamics, 8minute Partner on 400 MW Solar & Storage Centre

Capital Dynamics and 8minute Solar Energy have partnered through equity financing and acquisition of the 400 MW Eland Solar & Storage Center in California. Capital Dynamics, an independent global private asset management firm has announced that its Clean Energy Infrastructure (CEI) business has entered into a development partnership with 8minute Solar Energy through the equity […]

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