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SINN Power Builds World’s 1st Floating Ocean Hybrid Platform

With an aim to further expand footprints, Germany based SINN Power has invited solar panel manufacturers to demonstrate and test their photovoltaic (PV) modules on a floating platform in Iraklio, Greece. The company’s motive behind the move is to internationalise its ocean hybrid platform as a complete off-grid energy solution to provide renewable energy to […]

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ADB Grants $346 Mn Loan for Rural Electricity in Maharashtra

ADB has approved a USD 346 million loan to help provide an efficient and reliable power connection to rural agriculture customers in Maharashtra. The Asian Development Bank (ADB) has approved a USD 346 million loan to India to help provide an efficient and reliable power connection to rural agriculture customers in the state of Maharashtra. […]

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Is Solar Market At Risk of Shutting Out Competition?

With the Coronavirus pandemic taking a heavy toll on renewable players also, it is interesting to see how the market is panning out in India. No one could have missed the frenetic efforts by the Ministry of new and Renewable Energy (MNRE), under whom the sector falls, to ensure obstacles are removed. And obstacles have […]

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ADPower Gets Record Low Solar PV Price for 2 GW Project in UAE

Abu Dhabi Power Corporation (ADPower), a water and electricity company, has received the world’s lowest solar photovoltaic (PV) price of 1.35 US cents/kWh for the United Arab Emirates’ (UAE’s) largest 2 GW of the solar project. This 2 GW solar plant in Al Dhafra is expected to be completed during the second quarter of 2022 […]

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Covid-19 Hurts ABB’s Q1 Results; Revenue Slips across Businesses

Tech giant ABB has reported a significant drop in its first-quarter results of 2020 as its net income declined by 30 percent to USD 376 million on the back of coronavirus pandemic. The company’s net income remained at USD 535 million during the same period a year ago, ABB said in a statement. Further, it’s […]

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Amid Lockdown, India to boost Discoms With Electricity Despite Dues

Generation, transmission firms in India will be involved in the continuous supply and transmission of electricity to Discoms despite their outstanding dues In India, the central public sector undertaking (CPSU) generation and transmission companies will be involved in the continuous supply and transmission of electricity to distribution companies (Discoms) despite the huge outstanding dues. As […]

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IRENA, African Union to Advance Renewable Energy in Response to COVID-19

The African Union and the IRENA have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to COVID-19. The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have announced that they have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to COVID-19. […]

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Tata Power Wins 2020 Edison Award in the field of Innovation

Utility giant Tata Power has won the most designated global Edison Award for its Club Enerji #Switchoff2SwitchOn campaign under Social innovation category and Social Energy Solutions subcategory. The Edison Awards, named after Thomas Alva Edison, recognizes and honours the world’s best innovations and innovators. The company has won the award after all nominations were reviewed by the Edison […]

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Spain Plans to Install 2.2 GW Wind Capacity Annually through 2030

The 2030 National Energy and Climate Plan has been issued in Spain, with the European nation seeking to deploy 2.2 GW of wind capacity annually until 2030. The Spanish government has submitted its 2030 National Energy and Climate Plan (NECP), raising the country’s ambitions on greenhouse gas emission reduction to 23 percent compared to the […]

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