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renewable energy investment

RE Capacity Addition to Grow to 11GW in FY22, Predicts ICRA

While renewable energy capacity addition reduced by 1.3 GW last year due to coronavirus-induced disruptions, ICRA expects the capacity addition to improve to 10.5-11 GW in FY22, led by a strong project pipeline of approximately 38 GW. Additionally, more than 20 GW RE projects are under the tendering phase from various nodal agencies, providing visibility […]

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Norway Allocates $1.2 bn for RE Projects in Developing Nations

The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […]

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Local Firm to Set Up 100 MW Solar Plant in Botswana

The Botswana energy regulator has granted a generation licence for a 100 MW solar project to local firm Shumba Energy, making it the first independent power producer to set up a large scale solar plant in the country, according to media reports. This landlocked country in Southern Africa does not currently have large scale solar […]

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Egypt Gets Sterling & Wilson’s First Data Centre Project

Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company and one of India’s leading engineering, procurement, and construction (EPC) company and also the promoters of Sterling and Wilson Solar, today announced that it has successfully delivered its first prefabricated data centre project in Egypt. Project The project was executed for Faisal Islamic Bank […]

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Smart Grid Cell to be Set Up in Telangana, says State Regulator

The Telangana State Electricity Regulatory Commission (TSERC) has issued a notification for implementing the TSERC (Smart Grid) Regulation, 2021, to be enforced from the date of its publication in the Telangana Gazette. A smart grid is an electrical grid with automation, communication and IT systems that can monitor power flows from points of generation to […]

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Texas’s Winter Crisis Helps Build A Case For Solar Storage . Will It Be The Turning Point?

Earlier this year, Winter Storm Uri swept across North America in the month of February and thrust the U.S. state of Texas in the grip of a major power crisis, causing electricity outages, disrupting telecom facilities, and creating food, medical support, and heat shortages. Like many other power-dependent infrastructures, the Ullrich Water Treatment Plant in […]

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Top 10 Cleantech Trends for 2021 By IHS Markit

Asia will account for over 70 percent of total floating PV installations by 2024, says London-based information provider IHS Markit, among other cleantech trends expected this year. The whitepaper “10 Cleantech Trends in 2021” makes the following predictions vis a vis the renewables sector: 1. Renewable installations will rebound by double- digits after covid-19 impasse Annual […]

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Nissan Motors Reveals £1 Billion Electric Vehicle Hub ‘EV36Zero’ in UK

The Japanese Automaker, Nissan Motors has yesterday revealed its Euro 1 billion electric vehicle (EV) hub, EV36Zero in Sunderland, UK.  The transformational project has been launched with an initial Euro 1 billion investment by Nissan and its partners Envision AESC, a global player in world-leading battery technology, and Sunderland City Council. Comprised of three interconnected initiatives, Nissan […]

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Shell & EDF JV to Build 1.5 GW Offshore Wind Farm in New Jersey

Atlantic Shores Offshore Wind, a 50-50 joint venture between California-based EDF Renewables North America and British-Dutch firm Shell New Energies US LLC, has received the right to provide 1.5 gigawatts of renewable offshore energy, enough to power over 700,000 homes in the city, by the New Jersey Board of Public Utilities. The New Jersey regulators […]

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