SUBSCRIBE NEWS LETTER

energy investments

Moody’s Report Calls For Sustainable Financing To Shift Towards RE In India

Moody, a financial service company, in its recent report, found a growing challenge faced by the renewable energy sector due to water scarcity in India. The report advocated for a shift towards renewable energy investments to mitigate these risks. Moody’s report cautions against a decrease in the per capita water due to its increased usage […]

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Shree Cement Reneweable Power Capacity Reaches 1GW

Shree Cement, the third-biggest cement producer in India, announced that it has achieved 1,000 MW of installed power capacity through the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh operation. “The one GW (Gigawatt) capacity includes a mix of solar, wind, thermal and waste heat recovery power plants, showcasing Shree Cement’s […]

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90% Solar Manufacturing Is Concentrated In 5 Developing Countries, Says Report

A recent report by REN21 found solar manufacturing to be concentrated geographically in just five countries, which are estimated to produce more than 90% of the global capacity for producing solar modules. These countries are namely reported to be, China which leads with around 80% of overall solar PV manufacturing capacity, followed by Vietnam, India, […]

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IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024

The International Energy Agency’s (IEA) recent report on world energy investment found that investment in solar PV surpassed all other generation technologies combined. It found a noticeable rise in solar panel costs that have decreased by 30% over the last two years. International Energy Agency (IEA) report said, “The prices for minerals and metals which […]

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IREDA Incorporates Subsidiary In GIFT City, Gujarat

Indian Renewable Energy Development Agency Ltd. (IREDA) has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary was officially incorporated on 7th May 2024, after receiving the No Objection letter from the Reserve Bank of India on […]

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Central, Eastern Europe Adds 39% Electricity From RE: EMBER

Central and Eastern European countries are advancing towards their renewables ambition, but EMBER report found it to be insufficient with their potential.  The EMBER report on, “Empowering Central and Eastern Europe” underlines the importance of upcoming Three Seas Initiative Summit to secure a low cost, resilient and interconnected clean power system. It mentioned, “In 2023, […]

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US Deploys Seventh GW Scale Sunrise Wind Offshore Commercial Project

The Biden-Harris administration has announced the approval of the Sunrise Wind offshore wind project which is the nation’s seventh commercial-scale offshore wind project. The Sunrise Wind offshore project is led by the Department of the Interior under President Biden’s leadership. These seven projects have the potential to provide more than 8 gigawatts of clean, renewable […]

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IEA Announce To Setup It First Southeast Asia Office In Singapore

International Energy Agency (IEA) recently announced the establishment an IEA Regional Cooperation Centre, in Singapore. It mentioned it to be IEA’s first office outside of its headquarters (HQ) in Paris, France. The announcement was made during the IEA’s 50th Anniversary Ministerial in Paris. IEA announcement, “This headquarter will work with all countries in Southeast Asia […]

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Amazon’s Portfolio Can Power 7.2 million US Homes Each Year: Report

Amazon, a corporate company in the United States (US) invested in more than 100 new solar and wind energy projects in 2023, becoming the one of the corporate purchasers of renewable energy for the fourth year in a row. Amazon claims these investments include the company’s first brownfield project—which will repurpose a previously polluted Maryland […]

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