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Despite Record Investments, World Off Track For 2030 RE Target: EY

Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […]

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$20bn To Flow Into European Offshore Substations: Rystad Energy 

A new report from Rystad Energy projects that 137 substations will be installed offshore continental Europe this decade, requiring $20 billion in total investment. The team said that installations are gathering pace worldwide leading to the need for reliable, accessible infrastructure to bring the generated power onshore and into the electricity grid. “Demand for offshore […]

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Bhutan Makes A Serious Push For Solar In 2024-25

Bhutan, one of the world’s few carbon negative countries, hasn’t felt the urgency to add more renewables to its significant hydropower  resources until now. In its 2024-25 budget report, the country has finally made a serious start to plans to add other renewables, notably solar and wind energy to its energy mix. The document, which […]

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Solar, Wind Generations See A Surge, Says CEA Data

Latest data from the Ministry of Power said that the generation of solar and wind energy witnessed a rise on a Year-on-Year basis (YoY) in the month of April this year in India.  The monthly generation data from the Central Electricity Authority (CEA) said that in the month of April 2024, India generated around 12,021 […]

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Solarpack, SJVNL Sign PPA For 482 MW Ganeko Hybrid Project

Spain-based Solarpack was recently awarded a power purchase agreement (PPA) for 25 years with SJVNL to supply clean energy to the company from 2026. This PPA would also allow Solarpack to supply clean energy for the 482 MW Ganeko wind-solar hybrid project. The Ganeko project is located in Gujarat and consists of 383 MW of […]

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Google, NV Energy Plan To Use Geothermal Power For Data Centers

In a bid to ramp up its commitment to clean energy, Google has partnered with Berkshire Hathaway electric utility NV Energy to fuel its Nevada data centers with advanced geothermal electricity. This move is part of Google’s broader goal to operate entirely on clean energy by 2030. The agreement, currently pending approval from state utility […]

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Capgemini Partners Equigy For European Decentralised Energy System

In order to better manage the supply and demand of electricity throughout Europe, Capgemini and Equigy have signed a long-term deal to establish a new decentralized energy system. The goal of this project is to create a crowd-balancing platform (CBP), which is a reliable, standardized data aggregator interface for integrating modest, adaptable, and dispersed energy […]

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Karnataka Proposes New Tariffs For Rooftop Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) in its latest order has proposed revised tariffs for the state for FY25 for grid-connected solar plants. This comes after the state power regulator came out with a discussion paper on the issue recently.  To arrive at the final tariffs for different segments of power generators and consumers, the […]

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Thailand, India Can Pose Challenge To China’s EV Market: Report

Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario.  The Bloomberg […]

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