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Mexico Targets Greater Cuts in Emissions, Expansion in Renewables

The COP27 is motivating governments across the world to declare higher environmental goals; most of the time accompanied by expansion in renewables to decarbonise their economies. In a fresh case, Mexico has announced that it will raise its target for cutting greenhouse gas (GHG) emissions and also provide much boost to the rollout of renewable […]

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Vedanta backed Serentica Renewables, Greenko Group In1500 MWhr Industrial Storage Deal

Vedanta resources backed Serentica Renewables, a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, has entered into an agreement with Greenko Group, to source 1500MWhr energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will capitalise on Greenko’s energy storage capacity from its […]

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Global Operations of Solar Leader JinkoSolar Powered 50% By Renewables

Solar product manufacturers are toiling to decarbonise their own very operations worldwide to show a true ‘clean energy’ face and ensure green growth of the world economy. Global solar conglomerate JinkoSolar Holding Co. is the latest to join the bandwagon following the announcement that renewable energy is providing more than 51 per cent of the […]

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Source Galileo JV Sets Sights on 5 GW Renewable Energy Development

Source Galileo- a Joint Venture between Source Energie and Galileo, is looking at developing over 5 GW of offshore and onshore renewable energy and storage projects in Ireland, Norway, and the UK. Source Energie looks into developing and bringing large new energy projects into operation and Galileo Green Energy is a pan-European, multi-technology, renewable energy developer, owner, and operator. Development activities […]

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OYA Renewables, Oil Well Shares Form JV to Develop 3 GW Renewables

North American energy transition solutions platform, OYA Renewables and Appalachian-based energy major Oil Well Shares have announced the formation of Chrysalis Energy, a joint venture by the two for the development and construction of community and utility-scale solar, wind and energy storage infrastructure projects across the PJM region. PJM is part of the Eastern Interconnection […]

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Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific

A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […]

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ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America

ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […]

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IRENA Report: Renewable Energy Targets in 2022

A study titled “Renewable Energy Targets in 2022” has been released by the IRENA (The International Renewable Energy Agency). The renewable energy objectives in NDCs are the main focus of this report’s assessment of the most recent adjustments to climate pledges made before COP27. Recent geopolitical and climate-related developments confirm the urgent need for action […]

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