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renewable energy investment

Despite more RE invt, global eco recovery is ‘Uneven’, ‘Unsustainable’: IEA

Spending on clean energy amounts to 3% of the USD 16.9 trillion that governments have so far mobilised to bolster their economies from the recession triggered by the Covid-19 pandemic, according to the latest update from IEA (International Energy Agency). The share is up from around 2% in July but still leaves global carbon dioxide (CO2) […]

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MoP Notifies Rules for Timely Recovery of Costs due to ‘Change in Law’

The Ministry of Power (MoP) has notified a new rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards climate change, states a press release. MoP said that investors and other stakeholders in the power sector were concerned about the timely recovery of the cost due […]

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India Most ‘Cost-effective’ in Rooftop Solar Power; Beats China, UK & US

A global study has found that India is the most cost-effective country for generating rooftop solar energy at USD 66 per megawatt-hour, while the cost in China is marginally higher at USD 68 per megawatt-hour. Due to the lower cost, rooftop solar photovoltaics (RTSPV) technology, such as roof-mounted solar panels used in homes, and commercial […]

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The Time for Battery Storage & Green Hydrogen Is Here, Says IEEFA Note

A new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) states that battery storage and green hydrogen will be vital to India’s energy transition goals, especially the goal of 450 GW of renewables by 2030. “Grid-scale energy storage technologies will play a critical role in India’s decarbonisation journey, helping to integrate the 450 […]

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ISA Assembly Concludes With Trillion Dollar Pledge For 2030

The fourth General assembly of the International Solar Alliance (ISA) concluded on October 21 with a pledge to achieve the 1 trillion dollar funding target for creating new solar capacity by 2030. Presided by Union Power and New and Renewable Energy Minister R.K. Singh, who is also the President of the General assembly, the funding […]

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Sungrow Reaches Milestone for Sending 5 GW in Latin America

Sungrow, which provides inverter solutions for renewable energy, announced at Intersolar South America 2021, held in São Paulo from Oct. 18-20, that its shipments cumulative sales for Latin America exceeded 5 GW. This demonstrates Sungrow’s commitment to sustainable development and efforts to diversify the local energy sector and decarbonise, said the company. With a continuous […]

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Climate Tech Firm CarbonCapture Closes $35 M Series A Funding

CarbonCapture, a climate tech company that makes machines that remove CO2 directly from the atmosphere, has announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct […]

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John Kerry Gives a Huge Solar Endorsement at ISA Assembly Keynote

At the International Solar Alliance’s (ISA) fourth general assembly, John Kerry, U.S. Special Presidential Envoy for Climate and 68th U.S. Secretary of State, delivered the keynote address. In his address, Kerry highlighted the opportunities in the solar sector towards climate action and India as an investment destination for solar power. 106 countries are participating in […]

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Adani Boosts RE Association With Gallery At London Science Museum

The prestigious Science Museum in London has announced a landmark new gallery on Tuesday, which will examine how the world can undergo the fastest energy transition in history to curb climate change, with a subsidiary of the Adani Group being the title sponsor. Energy Revolution: The Adani Green Energy Gallery is supported with title funding […]

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