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fossil fuels

EIB Backing of €400 million For Green Renewable Energy Developer

Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […]

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The Rise of Community Solar Initiatives Brightening Sustainable Future

Swati Singh, Product Marketing Manager of Oorjan Cleantech  Dayanita was born in the rural agrarian and fishing community of Hill Kaka, a remote hamlet in Poonch district, that’s almost cut off from the rest of India. At 19, she has never seen a light bulb lit up in her home. The rocky terrain, coupled with […]

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Powergrid Acquires Two SPVs for Evacuation Of Green Power From Rajasthan

Power Grid Corporation of India Limited (Powergrid) – a Maharatna CPSU under the Ministry of Power has recently acquired two Project Special Purpose Vehicles (SPVs) namely- Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited for the Transmission System Projects. They will be used for the evacuation of power from the Renewable Energy Zone (REZ) […]

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First Floating Solar Project of Duke Energy Kicks Off in Florida

The first floating solar project in Florida by clean energy firm Duke Energy is now operational and producing  renewable energy.  The floating solar project of close to 1 MW boasts over 1,800 solar panels floating atop two acres of water surface on a cooling pond at the Duke Energy Hines Energy Complex located in Bartow. […]

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Ultratech To Increase Its Green Energy Share To 85% By 2030

The $7.9 billion Indian Cement and Ready-Mix Concrete Company–UltraTech Cement Limited today announced its plans to increase the overall share of green energy in its total energy mix to 85 percent by 2030. As an interim target, UltraTech plans to increase its total green energy share threefold from its current 22% to 60% by FY26. […]

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Solar Became Cheapest Fuel Source For Newly-Built Power Systems: EY

The latest report by Ernst and Young (EY) claimed that solar energy emerged as the cheapest fuel source for newly built power systems globally, fueling a faster energy transition. The report said that despite the challenges like inflation and price rises, solar power seemed to be the leader. It claimed that with its lowest Levelized Cost […]

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Top 5 Reasons Why India’s Power Demand Exceeded Projections

India’s power demand has been rising steadily. The country’s higher than anticipated peak demand has been in the news, with peak demand touching a lifetime high of 223 GW in June 2023 when peak deficit touched 0.17 percent. As per the Load Generation Balance Report (LGBR) released by the Central Electricity Authority, the peak demand […]

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Current Growth Insufficient To Meet Global Net Zero Targets: KPMG Report

A latest report from KPMG said that current developments across the world were not enough to meet the net zero targets globally.  It said that governments and industry must deliver transformative change on net zero but are currently hamstrung by significant barriers, including global public debt, domestic tensions, increased opposition to decarbonization plans, and the […]

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Global Solar Investments Increased By 2% In Last 8 Years: Report

A latest report by the International Solar Alliance (ISA) stated that global investment in solar increased by an average of around 2 percent over the last eight years. It added that, on the contrary, fossil fuels are still receiving a major share at nearly a trillion dollars annually.  The report put the investment in the global energy sector […]

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