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Backlog of Unsigned PSAs Risk Slowing Indias Renewable Energy Growth

Delays in signing PSAs are a bottleneck in the growth of renewable energy capacity in India, jeopardising the 175 GW by 2022 target Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the governments renewable energy target of 175 gigawatts (GW) by 2022, dampening []

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ReNew Power Successfully Prices USD 585 Million of Green Bonds

ReNew Power has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured green bonds ReNew Power Private Limited, one of Indias leading renewable energy company, has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured green bonds due 2028 on March 31, 2021, to be issued by certain of its []

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Energy Transition to Renewables in US to Accelerate Over Next 2-3 Years: Report

The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the IEEFA U.S. Power Sector Outlook 2021. The report adds that solar and battery storage adoption is enjoying almost exponential growth, and wind and solar technology improvements have helped turn the two resources []

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Energy Storage Market Breaks Quarterly Deployment Record in the US

2,156 MWh of new energy storage systems werebrought online in the US in Q42020, making it the new record quarter for US storage. According to Wood Mackenzie and the US Energy Storage Associations (ESA) latest US Energy Storage Monitor report, 2,156 megawatt-hours (MWh) of new energy storage systems werebrought online in Q42020. This is an increase of []

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EDF, Oceanus, Plan Power & Desalination, By Using Pumped Storage, Renewable Energy

French energy utility major EDF and Oceanus have announced plans to build a pumped hydro storage station along with a desalination plant powered by wind and solar. The plan is to use saltwater to produce hydropower during periods of high demand, while producing affordable freshwater using the same energy. The project will be located in []

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Coal Plant Closures Imminent as Renewable Energy Surges in Australia: IEEFA

Several coal power plants in the National Electricity Market likely to be financially unviable by 2025 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants poor flexibility []

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Energy Partnership Between India & US Supports Sustainable Development

The energy cooperation between the US and India supports sustainable development, harnesses sources to meet 21st-century power needs, protects national security, and promotes regional and international stability, a senior official from Washington has said. At a daily news conference on Monday, the State Department Spokesperson Ned Price said, the US and India collaborate on natural []

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Earth Energy EV Uncovers Three new Indigenous Electric Two Wheelers

Mumbai based automotive startup, Earth Energy EV has launched its three all-new electric two-wheelers (E2Ws) Glyde+ scooter, and two motorcycles; Evolve R & Evolve Z, for Rs 92,000, Rs 1.30 lakh, and Rs 1.42 lakh, respectively. The company announced them as the on-road prices of the E2Ws that are absolutely indigenous.  However, the Glyde+ e-scooter []

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Continuum Wind Energy Raises USD 560 Million In Green Bond Sale

Continuum Wind Energy, a Morgan Stanley-controlled company is in international markets with a USD 560 million dollar-denominated green bond issue, according to two merchant banking sources. Continuum Green Energy is an India focused renewable energy group founded in June 2009.  It has a current portfolio of about 2 GW out of which 757.4 MW are []

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