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IEA Report on Renewables 2019

Renewables 2019 is the IEA market analysis and forecast from 2019 to 2024 on renewable energy and technologies. It provides global trends and developments for renewable energy in the electricity, heat and transport sectors. The analysis this year contains an in-depth look at distributed solar PV, which is set to more than double in capacity in […]

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Renewables to Grow by Nearly 1200 GW in Next 5-Years: IEA

A new report has predicted that the world’s total renewables-based power capacity will grow by 50 percent or 1200 GW between 2019 and 2024. A new report has forecasted that the world’s total renewables-based power capacity will grow by 50 percent between 2019 and 2024, and this increase of 1200 gigawatts (GW), which is equivalent […]

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Asia Could Become the Dominant Market for Wind Energy: IRENA

Asia could grow its share of installed capacity for onshore wind from 230 GW in 2018 to over 2600 GW by 2050, becoming the global leader in the segment Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report […]

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Scatec Solar Posts Strong Financial Results for Q3 2019

Scatec Solar delivered solid results in the Q3 of 2019 with proportionate revenues of USD 166.14 mn and EBITDA of USD 47.2 mn, a 68 percent increase YoY. Scatec Solar has announced that the company delivered solid results in the third quarter (Q3) of 2019 with proportionate revenues of NOK 1,522 million (1,259) (USD 166.14 […]

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Airtel Forays in to Renewables With 26% Acquisition of AMPSolar SPV

Bharti Airtel has signed a pact with AMPSolar Evolution to acquire a 26 percent stake in the solar energy solutions provider for a total of Rs 8.4 crore. Marking its debut in the renewables sector, Bharti Airtel has announced that it has signed a pact with AMPSolar Evolution to acquire a 26 percent stake in the solar energy solutions provider […]

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Siemens Gamesa Signs Turbine Contracts Worth 359 MW in Chile

Siemens Gamesa has signed 3 new orders to supply wind turbines worth a combined 359 MW in Chile for the development of wind projects Siemens Gamesa has recently signed three new orders to supply 359 MW in wind turbines to undisclosed customers in Chile, setting a record high of 640 MW of orders in the […]

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Mining Operations in Australia to be Powered by Renewable Energy

Western Australia’s Pilbara region will be the first major iron ore mining operation in Australia to be run entirely off renewable energy during the day. Western Australia’s Pilbara region is set to be home to the first major iron ore mining operation in Australia to be run entirely off renewable energy during the day. On […]

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CERC Brings Relief on Safeguard Duty for ACME Solar and Arisun

CERC has provided compensatory relief for ACME and Arisun after accepting their plea to consider the imposition of the safeguard duty as “Change in Law”. The Central Electricity Regulatory Commission (CERC) has in its latest order, provided compensatory relief for ACME Jaipur Solar and Arisun Clean Energy after accepting their plea to consider the imposition […]

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Wells Fargo Enters its Largest Solar Energy Deal

Wells Fargo has announced a 10-year structured renewable energy agreement for procuring nearly 62,000 MWh of solar energy annually to power its Texas operations. Wells Fargo has announced a 10-year structured renewable energy agreement with Reliant, an NRG Energy company, for procuring nearly 62,000 Megawatt-Hours of solar energy annually to power a bulk of its […]

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