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renewable energy investment

Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland

Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […]

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Indonesia Ramping Up Solar Capacity to Meet 18 GW Target For 2025: Report

Indonesia is considering how to reduce its growing greenhouse gas emissions. A moratorium on new coal power plants bodes well for growth of solar power in Indonesia. Yet harnessing solar power requires government action such as improving transparency around power purchase agreements and revising long- term power plans. A new report, jointly produced by BloombergNEF, […]

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GAIL Starts On Solar Plans With Call For Empanelment

Gas Authority of India Limited (GAIL), of of the last major energy PSU’s to have announced major plans for solar power, has finally begun acting on those plans in earnest. The firm has issued a notice for empanelment of solar engineering, procurement, and construction (EPC) contractors and operation and maintenance (O&M) service providers for its […]

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Saudi Arabia Gets Serious About Solar to Meet National, Youth Aspirations

Saudi Arabia is on a tight deadline. The kingdom has set itself some of the most ambitious economic and social targets in the region, with an aim to revamp its economy completely. Underpinning this drive for change is its youth population, now better equipped than ever to contribute productively. Not only does the kingdom want […]

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Irish Sovereign Fund to Invest €1bn in Climate Projects Over 5 Years

The Ireland Strategic Investment Fund (ISIF), managed by the National Treasury Management Agency (NTMA), has set out plans to invest €1bn in climate action projects over the next 5 years. The country’s sovereign fund will support green projects comprising renewables and battery storage till 2026. ISIF made the announcement alongside the publication of its half-year […]

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Green Projects Fuel Demand for Cogeneration Equipment Market: Study

The global cogeneration equipment market, which was valued at US$ 20.25 Bn in 2018, would expand at a CAGR of 9.84% during the forecast period of 2019–2027, according to analysts at market intelligence company Transparency Market Research (TMR). The concept of cogeneration includes simultaneous heat and electricity generation from a single fuel source, including biomass […]

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CRH Study Makes The Case For India To Drop 27 GW of Planned Coal Fired Generation

Yet another study, this time by Ember and Climate Research Horizons (CRH) has laid down a stark warning for India’s thermal power plans. The report released by the organisation states that based on analysis by Climate Research Horizons (CRH), 27 GW of pre-permit and permitted new coal power plant proposals are now “superfluous to requirements […]

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TotalEnergies Commits To 1 GW of Solar Capacity For Iraq

TotalEnergies, the Iraqi Ministries for oil and electricity, and the country’s National Investment Commission have signed, in the presence of the Prime Minister of Iraq, agreements covering several projects in the Basra region in Iraq, designed to enhance the development of Iraq’s natural resources to improve the country’s electricity supply. Iraq, a country rich in […]

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EDF, California Community Group Sign 300 MW Solar+Storage PPA

EDF Renewables North America (EDFR) and Clean Power Alliance (CPA) have signed a 15-year Power Purchase Agreement (PPA) for the Desert Quartzite Solar-plus-Storage project, which consists of of a 300 megawatt (MWac) solar project coupled with a 600 MWh battery energy storage system (BESS). The project is expected to begin delivery of clean electricity to […]

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