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energ transition

No way out for Stranded Thermal Assets in India, Amid RE Push : IEEFA

India’s 40 GW of stressed and stranded thermal power assets, identified by a parliamentary committee in March 2018, still linger on – most of them without any feasible resolution. India’s 40 gigawatts (GW) of stressed and stranded thermal power assets, identified by a special parliamentary committee in March 2018, still linger on – most of […]

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Battery And EV Maker BYD Profit Up 162% in 2020, On Increased Demand

The China-based automotive subsidiary of BYD, BYD Auto Co., Ltd. reported stellar profit numbers, up 162 percent for the year 2020, yesterday. The sharp profit growth are on the back of increased demand worldwide for its electric vehicles, especially buses, where it is a global leader. BYD’s net income reached 4.2 billion yuan or USD […]

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Global Wind Power Installations Hit Record Levels in 2020

Industry to install nearly 1 TW of new capacity from 2021 to 2030 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.   China’s National Energy Administration reported 72 GW […]

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Record Fall in Coal Generation in 2020, but Emissions Remained High: Ember

New research has revealed a record fall in coal generation in 2020, however, power sector emissions were still higher than in 2015. New research has revealed that China was the only G20 country that saw a large increase in coal generation in the pandemic year. Globally there was a record fall in coal generation in […]

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CESL Ties up With CSC SPV to Build Demand for EVs; Design Solar & Battery Storage Solns

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), today signed an agreement with CSC e Governance Services India Limited (CSC SPV) to create demand aggregation for electric mobility, solar, energy efficiency solutions and other initiatives of CESL. The agreement was signed between Ms Mahua Acharya, MD & CEO, […]

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The 12 States Welcoming EV Adoption With Policies To Match: WRI India

12 states in India stand out for their electric vehicles (EV) policies which can actually support and nurture an EV transition, according to a recent report launched by the World Resources Institute India (WRI India). According to the report titled, “A review of State Government Policies for Electric Mobility”, a total of 14 states have […]

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PXIL Launches Green Term Ahead Market (GTAM)

Power exchange India Limited (PXIL), the energy trading market  promoted by NSE & NCDEX has launched the Green-Term Ahead Market (GTAM) on its transaction platform on 24th March 2021. The development took place after receiving approval from the Central Electricity Regulatory Commission (CERC) on March 19, 2021. To familiarize the market participants about the product and […]

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JICA Signs Loan Agreement for JPY 10 billion with TCCL for Climate Change Management Project in India

Japan International Cooperation Agency (JICA) signed a Loan Agreement for a maximum amount of JPY 10 billion with Indian Non-Banking Financial Company, Tata Cleantech Capital Limited (TCCL) to support the company to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency, to help mitigate the […]

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AGL Announces Construction of Grid-Scale Battery, Takes FID on 250 MW Project

Australia based integrated essential service provider AGL energy has announced that the construction of a 250 megawatt (MW), one-hour duration grid-scale battery at Torrens Island will begin this year, following AGL’s final investment decision (FID) on the project. South Australia is leading the way in the rollout of AGL’s 850 MW network of grid-scale batteries […]

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