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France Top Destination for Renewable Energy Investment in G20: Report

France gains the 1st position due to an overall favorable environment for renewables, leading the G20 in investment attractiveness of renewables. France has overtaken Germany as the most lucrative destination for renewable energy investment in the G20 bloc, Allianz Climate and Energy Monitor 2018 has found. “France gains the 1st position due to an overall […]

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Hungary Plans to Fully Rely on Renewable Energy by 2030

An estimated drop of 30% in the prices of photo-voltaic modules will give Hungary an opportunity to meet its renewable energy targets. Setting the right precedent, Hungary has announced that it aims to phase out the use of coal by 2030 and will be fully reliant on renewable energy for country’s energy needs. With a […]

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UPERC Accepts NPCL’s Response over Renewable Purchase Obligations

UPERC had initiated suo moto proceedings against NPCL and Uttar Pradesh Power Corporation Ltd (UPPCL) for failing to submit the required information. The Uttar Pradesh Electricity Regulatory Commission (UPERC) has accepted Noida Power Company Limited’s (NPCL) submission regarding meeting the past renewable purchase obligations (RPO) targets. UPERC had initiated suo moto proceedings against NPCL and […]

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Rise of Renewable Energy to Put Competitive Pressure on Coal Plants: Fitch

The report further said that the share of renewable energy sector will be further boosted by falling technology cost and increasing availability of cheaper finance. Despite the dominance of coal as a major source of electricity, a steady shift towards renewable energy is slated create competitive pressure on some thermal power plants, especially in developing […]

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India Becomes Global Leader in Renewable Energy Auction: Report

India’s second rank signifies a jump of three spots from last year when it was on 5th position in the green energy. China which was at the top position last year has slid down to the 7th position. Becoming a global leader in the renewable energy race, India is now the biggest market in the […]

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Government has tendered 26 GW of renewable energy: IREDA Chairman

IREDA official further added that India is on the path to achieve 50 GW of energy production from renewable sources of energy. Indian government has tendered 26 GW of renewable energy, Indian Renewable Energy Development Agency (IREDA) Chairman K S Popli said at India Energy Forum’s (IEF’s) Renewable Energy Summit. IREDA official further added that […]

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GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables

ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […]

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India Ready to Share Renewable Energy Expertise: R K Singh

The minister was talking to delegates of various countries during the seminar of ‘Know India Programme’. Taking a leadership role in the renewable energy domain, Union Power and New & Renewable Energy Minister R K Singh said that India is ready to share its expertise in renewable energy sector with small island nations. The minister […]

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Adapt or Die – Can Renewables Save the Planet, or Is It Too Late?

Since the recently held Global Climate Action Summit where global leaders debated the practicalities of taking the climate change battle to the next level, media sources the world over have all been reporting the same thing: if global warming is not kept in check, there will be dangerous environmental and socio economical consequences. The BBC headlined with […]

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