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renewable energy investment

Gujarat Fuels Renewable Energy Capacity Goals by Partnering with International Firms

Gujarat has signed various MoUs with the intention of accelerating the realization of its renewable energy capacity goals. The state has joined hands with Australia-based MeOH Giga Battery and Australian Premium Solar Pty Ltd. Australian Premium already has a manufacturing unit in Gujarat to give an impetus to its renewable energy capacity goals. Indian firms […]

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Behind China’s Global Renewable Leadership

Wood Mackenzie, in its latest projection finds that China is currently on target to reach its 230 gigawatts (GW) of wind and solar installations target this year. With this, the report claims that, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest […]

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EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030

The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […]

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AmpIn Energy Transition to Electrify Eastern India with 600 MW Renewable Energy

AmpIn Energy Transition, a renewable energy transition platform, is set to make a significant investment of INR 3,100 crores for setting up renewable energy projects of over 600 MW and an integrated manufacturing facility of solar cells and modules. Investments are planned in West Bengal, Bihar, Odisha, Jharkhand, Chhattisgarh and Northeastern states. In the region, […]

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Australia Aims To Hike Its Power Capacity To 32 GW With New Investment

The Australian government recently announced the expansion of its existing Capacity Investment Scheme (CIS) and the National Energy Transformation Partnership (NETP), in conjunction with the states. It is set to expand the capital investment through CIS from the current pilot stage to 9 GW of dispatchable capacity and 23 GW of variable capacity nationally – […]

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Australia’s Hydrogen & Renewable Energy Act 2023 Sees Light of Day

Both the houses of the South Australian Parliament have cleared the Hydrogen and Renewable Energy Act 2023. Some areas of the state will benefit from the Act with respect to the generation of hydrogen and renewable energy. The legislative framework of Hydrogen and Renewable Energy Act 2023 looks to introduce a ‘one window to government’ […]

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Five Clean Energy Sectors Employ Around 9 million Workers: IEA Report

A latest report from the International Energy Agency (IEA) titled World Energy Employment (WEE) 2023 mentions five sectors that employ around 9 million workers today. Among these sectors, solar PV is reported to be the largest, creating around 4 million jobs. On the other hand, manufacturing of EVs and their batteries has reportedly been the […]

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Solar Energy In US Can Surpass Hydropower By 2024: EIA Estimates

A latest Energy International Agency (EIA) report on solar growth in the United States (US) suggested that the country witnessed an increase in installed capacity by an average rate of by 44% annually from 2009 to 2022. It forecasted that the US would generate 14% more electricity from solar energy than from hydroelectric facilities in […]

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Global Solar Investments Increased By 2% In Last 8 Years: Report

A latest report by the International Solar Alliance (ISA) stated that global investment in solar increased by an average of around 2 percent over the last eight years. It added that, on the contrary, fossil fuels are still receiving a major share at nearly a trillion dollars annually.  The report put the investment in the global energy sector […]

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