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energy investments

UNOPS S3i, IFU & ACME Co-invest in 250 MW Solar Park in Rajasthan

An announcement revealed yesterday that Denmark’s state-owned fund IFU and United Nations Office for Project Services’ S3i have acquired 39% and 10% stake respectively in Acme Solar Holdings Ltd’s 250 MW solar project in Rajasthan. Acme Solar, a leading Solar IPP in India, holds the majority 51% stake in the project, which has a total […]

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Impact of Global Shift of Funds Away From Fossil Fuels on India: IEEFA

The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]

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Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA

The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […]

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Solar Generated Maximum Electricity Among all Renewables in Australia

Solar passes all other renewable resources in terms of Australia’s electricity generation in 2020. According to ‘Australia Energy Statistics’ 2020, published by the Department of Industry, Science, Energy, and Resources, the total electricity generation in Australia was estimated to be 265,232 gigawatt-hours (GWh) in the calendar year 2020, remaining materially unchanged since 2019. Interestingly, solar […]

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Wind-based Electrification Will Drive Europe to Net Zero: WindEurope

Electrification is the most cost-effective way to decarbonise Europe’s economy according to a report from ETIPWind and WindEurope out today. Wind energy will lead the process: the EU sees it being half of Europe’s electricity by 2050. With the right investments in grids and technology, the combined rate of direct and indirect electrification will be […]

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IRENA Members contribute to G20 Action Agenda on Offshore RE

On the occasion of the 2021 World Ocean Day, celebrated yesterday, over 70 IRENA members and private sector representatives came together in a Collaborative Framework on Ocean Energy and Offshore Renewables to accelerate the deployment of ocean technologies worldwide. Energy from the sea and through offshore renewables is increasingly recognised as significant climate solution for […]

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Ladakh To Add To Solar Imprint With 5 MW CESL MOU

The union territory of Ladakh has signed a memorandum of understanding (MoU) with Convergence Energy Services Ltd (CESL) for setting up of 5-MW Solar Power Plant at Zanskar in Kargil. Signed on June 5, World environment day, between Ladakh Autonomous Hill Development Council (LAHDC), Kargil and CESL . Speaking at  the virtual event, Lt. Governor […]

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Canada Launches $800 M RE & Grid Modernisation Program

Seamus O’Regan Jr., Canadian Minister of Natural Resources, recently launched a CAD 964 million (USD 800 mn) program that will support smart renewable energy and grid modernisation projects over four years, aiming to lower emissions and help the country achieve carbon neutrality by 2050. “Our new Smart Renewables and Electrification Pathways Program will increase our […]

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MoRTH Proposes Exempting EVs from Registration and Renewal Fees

The Ministry of Road Transport and Highways (MoRTH), in its ongoing efforts to support the EV ecosystem, has proposed some new steps. This time, MoRTH has issued a draft notification proposing the exemption of battery-operated vehicles i.e. EVs from the registration fee and its renewal charges. MoRTH issued this amendment in a statement, “Provided further […]

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