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renewable energy

Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time BNEF

Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called  Energy Transition Investment Trends 2023, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in []

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The Top 5: Game-Changing Renewable Energy Projects In The Middle East

The energy transition towards renewables has recently seen an increase in Middle Eastern countries, especially in Saudi Arabia, UAE, Egypt, Morocco etc. Once dependent on its plentiful reserves of oil and gas for wealth, the region is finally embracing the zero-carbon emission goals. As per IRENAs World Energy Transitions Outlook (WETO), the region could obtain []

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ACME, Norfund Alliance for Renewable Energy In India

Gurugram headquartered renewable energy player ACME has collaborated with Norfund the Norwegian investment fund under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, I []

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Rajasthan to Welcome 1 GW Renewable Energy Projects from BPCL

PSU refiner Bharat Petroleum Corporation Ltd (BPCL) will be establishing renewable projects worth 1 GW of capacity in the state of Rajasthan. Towards this goal, an MoU has been signed between the Government of Rajasthan and BPCL. Details with respect to the timeline and investment have not been shared. The firm has set out on []

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Karnataka Renewable Energy Development Ltd Issues Tender for O&M of Solar Pumps

Karnataka Renewable Energy Development Limited has issued a tender through e-procurement for design, supply, installation, testing commissioning and 5 years comprehensive maintenance of AC off grid solar irrigation pump set of 3, 5, 7.5 & 10HP capacity to the farmers under PM-KUSUM, Component-B Scheme. Bidders shall be invited to implement: * Package-1: 3 HP Surface []

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Association of Renewable Energy Agencies of States & Industry Body CMAI Join Hands

Industry body Carbon Markets Association of India (CMAI) and Association of Renewable Energy Agencies of States (AREAS) have forged a partnership. They have joined hands to share knowledge and information on developments that are policy and regulations related. The two will work together for making progress in the carbon market and to encourage the set []

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Masdar, Azerbaijans SOCAR Sign Deal to Develop 4 GW Renewable Energy Projects

Expanding its already established-role in Central Asia, UAE flagship company developing renewable energy, Masdar has announced new deal with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop onshore wind and solar projects. Masdar will also develop integrated offshore wind and green hydrogen projects. The total combined capacity of projects has been []

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IIT Palakkad Offers Rs 2 Cr to Step Up Renewable Energy & Safety Solutions

In a key development, the Technology IHub Foundation (IPTIF) of IIT Palakkad has announced the launch of Samarth Maha Utsav that is aimed at encouraging innovation in Renewable Energy and Safety. The new contest is called the flagship national contest of IIT Palakkad. As per the premier engineering institute, candidates that are interested in the []

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