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Renewables, EVs Set To Reduce Global Oil Demand, Says Report

A latest report from the International Energy Agency (IEA) said that the global oil demand is likely to be tempered by clean energy transition. The report also said that the surge in Electric Vehicle (EV) sales and continued efficiency improvements of vehicles and use of more renewables in electricity production could negate the rise in […]

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China’s ‘Spare Solar’ Capacity Offers Energy Access Avenues: EMBER

A recent report by EMBER delved into the untapped potential of surplus solar manufacturing capacity in China, highlighting its pivotal role in addressing both energy access and climate change. It revealed that despite the exponential growth in global solar manufacturing capacity, the deployment of solar panels worldwide lags significantly behind. According to estimates by the […]

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SC Net Zero Ventures Raises €125 Mn For Energy Transition

SC Net Zero Ventures, the venture capital investment fund managed by Suma Capital in strategic alliance with Repsol as anchor investor, has completed its first closing raising €125 million. The fund has a target of €150 million. This substantial first closing is a very important step towards achieving the fund’s goals. Furthermore, this milestone underlines […]

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US DOE To Invest $9.5 Million In Four Solar Projects

The U.S. Department of Energy (DOE) has declared plans to invest $9.5 million in four new projects with the goal of increasing public awareness and confidence in large-scale solar advancements. This program supports the US’s objective of having net-zero carbon emissions by 2050, which is an important step given that the DOE estimates that 40% […]

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Courier Company Blue Dart To Expand EV Fleet

Courier and package distribution company Blue Dart has announced it will be expanding its EV fleet in order to cut down emissions. Balfour Manuel, Managing Director, Blue Dart, said, “Blue Dart is driving sustainable logistics in India, paving the path towards a greener future. By integrating electric vehicles into our fleet, we are poised to […]

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Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage

In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […]

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Climate Risk for Renewable Energy Projects & Parametric Insurance

Amidst the global conversation on climate change, the renewable energy sector finds itself at a critical juncture. As we grapple with shifting weather patterns and rising temperatures, the sector faces significant challenges in maintaining its infrastructure and ensuring operational efficiency. Research suggests a 12% reduction in wind turbine capacity by the century’s end, and a […]

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How US Import Barrier On Chinese Solar Cells Can Change Trade Game?

The recent trade barriers imposed by the United States (US) against the imports of Chinese solar equipment like solar cells has triggered speculations on the overall global trades of clean energy equipment. The Joe Biden led government recently triggered a new controversy by increasing the imports tariffs for solar cells for upto 50 percent and […]

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Global EV Market To Grow By $343 Billion In Next 4 Years: Report

The global electric vehicle (EV) market size is estimated to grow by USD 343.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.51% during the forecast period. The rise in concern over emissions from fossil fuel vehicles has spurred a surge in demand for low-emission and fuel-efficient […]

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