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energy markets

Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF

A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […]

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BrightNight Elevates Naveen Khandelwal As CEO

BrightNight has announced the elevation of Naveen Khandelwal as Chief Executive Officer (CEO) of BrightNight India, effective November 24, 2023. Naveen will be responsible for leading BrightNight India in its next phase of growth, moving the business from project development to construction and operations. He previously served as BrightNight India’s COO & CFO, joining the […]

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China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie

A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved.  The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […]

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Servotech Adds 2,649 EV Chargers Order from BPCL

Servotech Power Systems Ltd., a manufacturer of EV chargers in the country, has bagged 2649 AC EV chargers order from Bharat Petroleum Corporation Limited (BPCL). The firm will be responsible for manufacturing, supplying and installing 2649 AC EV chargers order strategically across the nation. The EV chargers order comes under the BPCL E-drive project, equipping […]

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EU Witnessed Signing 7.1GW Of PPAs Till September 2023: EY Report

A report by Ernst & Young (EY) provided an update on the Renewable Energy Countries Attractiveness Index (RECAI), focusing specifically on offshore wind energy. According to the report, India maintained its 16th position, consistent with the previous year. India’s technological standing in Concentrated Solar Power (CSP) is noted at 34.3, while solar Photovoltaic (PV) is […]

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Gamechange Solar Bags 232MW Order From Bechtel In US

GameChange Solar (GCS) have announced that they will supply their Genius Tracker™ solar trackers for Sabanci Renewables’ Oriana Solar, a 232 MWdc project located on the Texas Gulf Coast in Victoria County. The company claims that its Genius Tracker technology helps improve energy gains with its WeatherSmart™ backtracking features and dynamic stow modes that protect […]

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Growth Of EV Market Highest In China, EU, Says WRI Report

Global energy think tank World Resource Institute (WRI), in its recent report on ‘State of Climate Action’, highlights that the share of electric vehicles (EV) in passenger car sales has grown at an average annual rate of 65%. It’s a rise from 1.6% of sales in 2018 to 10% in 2022. For the first time in […]

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Residential Solar Rooftop Potential Linked To Subsidies-CEEW Study

Over 25 crore households across India have the potential to deploy 637 GW of solar energy capacity on rooftops, according to a new report by the Council on Energy, Environment and Water (CEEW) report released today. The CEEW report found that deploying just one-third of this total solar technical potential could support the entire electricity […]

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