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Statkraft to Invest $1.2 Bn in Renewable Energy

In order to achieve the target, Statkraft has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Renewable Energy generator, Statkraft in a bid to strengthen its position in the renewable energy industry has planned to invest USD 1.2 billion in the renewable energy segment during the period 2019-2025. In […]

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Poland Passes Amendment to Back Renewable Energy

Waiting for the president’s assent, the amendment aims at reducing the carbon footprint for the country which is heavily dependent on fossil fuel energy. Giving support to the use of clean energy, upper house of the Polish parliament passed an amendment to encourage more investment in Poland renewable energy. Waiting for the president’s assent, the […]

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TechnipFMC India CSR Initiative Seed of Hope Wins Special Recognition From UN Global Compact Network India (GCNI)

TechnipFMC (NYSE: FTI) (PARIS: FTI) has received a special recognition award for their flagship community development initiative in India, ‘Seed of Hope’, at the 13th National Convention 2018 held by Global Compact Network India on 8th June 2018 at Shangri-La, Bengaluru. Over 65 entities from private sector, public sector, NGOs and academic institutes contested in […]

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World to Get 50% Electricity from Wind and Solar by 2050, says BNEF Report

“We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses,” said Seb Henbest, Head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. The world will generate half of the power generation […]

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Renewable Generation Costs Keep Plunging : IRENA

IRENA extends that all sustainable power source advances will contend with fossils on cost by 2020. For new undertakings appointed in 2017, power costs from inexhaustible power age have kept on falling fundamentally contrasted with the petroleum derivatives, as indicated by another report from the International Renewable Energy Agency (IRENA). It gauges inland breeze is […]

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Artificial Intelligence (AI) Will Enhance the Efficiency of Renewable Energy Projects: Reports

The use of autonomous drones will offer quicker and efficient remote inspection and maintenance. As per the suggestion by DNV GL, stating that technologies such as autonomous robotics and machine learning can help improve areas such as decision making and planning, condition monitoring, inspections and supply chain optimization which in turn help boost efficiencies across the renewable energy […]

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Efforts to Address Climate through Clean Energy Lag in Emerging Markets

Two years post-Paris, Climatescope research from Bloomberg New Energy Finance highlights slowing investment from OECD countries and limited policy-making follow-through in non-OECD nations. Two years since the signing of the Paris climate agreement and eight years after Copenhagen, countries on both sides of the rich-poor divide are falling short on promises made to address climate […]

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Siemens Gamesa Wins First Order For a Hybrid Wind-Solar Project in Karnataka

The Wind Solar Hybrid (WiSH) project constitutes the hybridization of an existing 50 MW wind farm with a 28.8 MW solar power plant to be executed in the state of Karnataka, the company said in a statement. Siemens Gamesa has been mandated to develop India’s first large commercial hybrid wind-solar project, where a 28.8-MW solar […]

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Renewable Energy Will Be Reaching 49 percent in India by 2040: BNEF

“Wind and solar energy account for 48 percent of installed capacity and 34 percent of electricity generation world-wide by 2040. This is compared with just 12 percent and 5 percent today. Installed solar capacity increases 14-fold and wind capacity fourfold by 2040. We anticipate renewable energy reaching 74 percent penetration in Germany, 38 percent in […]

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