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renewable energy investment

Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval

The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […]

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Energy Trading In An Interconnected World

Matteo Mazzoni, Director of Energy Analytics, ICIS Energy markets are evolving, moving away from discrete regional or local hubs to become truly global and far more interconnected than ever before. The rise of LNG and associated infrastructure investment, for example, has seen it emerge as an analogue of more traditional natural gas hubs. Whereas previously, […]

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West Bengal Proposes A Ceiling Tariff For Small Renewable Projects

The West Bengal Electricity Regulatory Commission (WBERC) has now released its draft regulations to govern the tariff determination in the state for different forms of electricity generation. The new draft regulations have been named WBERC (Modalities of Tariff Determination) Regulations 2023. The Commission has asked the public and the stakeholders to send their comments on the draft […]

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European Clean Energy Developer TagEnergy Raises €570 MillionTo Drive Growth

Clean energy developer and investor TagEnergy announced today a major capital injection, the closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000 (equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors. The fund raise comes at possibly the best time ever for European RE developers, with a market that […]

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Envision to Supply & Commission Wind Turbines of 350 MW Capacity for Serentica Renewables

Envision Energy, a firm that delves in renewable energy solutions has won an order from Serentica Renewables – a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, for the supply and commissioning of wind turbine generators for the 350 MW wind park coming up in Maharashtra. 106 units of. Envision’s state-of-the-art […]

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The Top 5: States For Renewable Energy in India

India’s power generation mix is rapidly shifting towards a more significant share of renewable energy. Today, India is the world’s third largest producer of renewable energy, with over 41 per cent of its installed electricity capacity coming from Renewable Energy Sources. Based on the recent Installed Capacity Report by Central Electricity Authority, this article sheds […]

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Despite A Volatile Market, Wind Energy Blows Strong

It was Wind Energy Day on June 15, and the day while acknowledging the role wind energy is set to play, also serves to highlight the massive strides this key part of the renewable puzzle has made, especially in the past decade.   Global Trends  2023: Big Start, Bigger Finish The wind sector is back […]

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US Proposal For Fee Reduction for Wind and Solar Energy on Federal Lands

The Biden administration unveiled a new proposal on Thursday to formalize a significant project fee reduction for wind and solar energy developments on federal lands. The regulation aims to boost renewable energy deployment as part of the administration’s strategy to combat climate change. Last year, the US Bureau of Land Management (BLM), a division of […]

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DOE Unveils $135 Million Investment to Propel Industrial Decarbonization in America

The U.S. Department of Energy (DOE) has announced a substantial investment of $135 million in 40 projects aimed at industrial decarbonization, crucial in driving the nation towards a net-zero emissions economy by 2050. By advancing transformative and innovative technologies, these projects will play a significant role in decarbonizing the U.S. industrial sector. “America’s industrial sector […]

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