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renewable energy investment

Australia’s 1st Offshore Wind Project Step in the Right Direction: IEEFA

Australia’s first offshore wind project in Victoria is a step in the right direction despite the over investment, a new note has revealed. The ‘Star of the South’ off Austalia’s coast, a massive 2.2 gigawatts (GW) offshore wind capacity proposal and will be Australia’s largest electricity project and worth reportedly USD 8 billion in investments, […]

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Ørsted Issues Green Bonds Worth $394 mn in Taiwan

Ørsted has secured nominal USD 394 million through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. The World’s largest offshore wind energy developer, Ørsted has announced that it has secured nominal Taiwanese Dollars (TWD) 12 billion (USD 394 million) through the issuance of green senior bonds, to finance […]

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ENGIE Africa Consortium Kicks off Operation of Egypt’s Largest Wind Farm

As per the 20-year Power Purchase Agreement (PPA), the power generated from the Engie Africa led consortium project will be supplied to the Egyptian Electricity Transmission Company (EETC). A consortium led by ENGIE Africa has completed the construction and commissioning of the Egypt’s largest 262.5 MW Ras Ghareb wind farm. The wind project has been […]

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Two New Countries Ink ISA Framework Pact; Membership Surges to 83

Speaking at the event, Co-President ISA and the French Minister for ecological and inclusive transition, Brune Poirson thanked India for its leadership in the field of solar energy. The two new countries, Eritrea and Saint Kittis and Nevis, have now become the member of International Solar Alliance (ISA) after signing the framework agreement on Thursday. […]

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PSEG to Acquire 25% Stake in Ørtsed’s 1.1 GW Offshore Project

PSEG will enter into exclusive negotiations with Ørsted, for PSEG to potentially become an equity investor in the 1.1 GW ocean wind offshore project The Public Service Enterprise Group (PSEG), a leading energy company with a utility serving 2.3 million New Jersey electricity customers, has announced it will enter into exclusive negotiations with Ørsted, for […]

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Mitsui to Sell Entire Stake in Solar, Wind Project in Canada

Tokyo-headquartered Mitsui has 30 percent stake in this project through its investment company MIT Renewable Inc. Mitsui & Co. Ltd, an arm of Japanese Mitsui Group, has signed a pact with Axium Infrastructure (Axium) in order to sell its entire shareholding in a Canadian project (i.e. C2C Power LP), having 679 MW of installed capacity. […]

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Uttar Pradesh Planning to Install Prepaid Smart Meters

The Uttar Pradesh government is planning to install prepaid smart meters for electricity consumption from mid-November, a senior official has announced The Uttar Pradesh government is planning to install prepaid smart meters for electricity consumption from mid-November. “We are planning to install prepaid smart meters for electricity consumption from November 15, 2019,” said Uttar Pradesh Energy Minister Shrikant Sharma. […]

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Siemens Gamesa Gets Firm Order for 376 MW Offshore Wind Project

Siemens Gamesa received a firm order from partners Macquarie’s GIG and Swancor Renewable Energy for the 376 MW Formosa 2 offshore wind project. The launch of the 376 MW Formosa 2 offshore wind farm project in Taiwan took a step closer to construction after Siemens Gamesa RE announced that it has received a firm order […]

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Is Chindia the Answer to India’s Manufacturing Puzzle?

When it comes to manufacturing in Solar, it is not a rankings fight globally. China settled that some time ago. By 2012 to be accurate. It’s a fight for the other 30 percent market share, be it with breakthrough innovations, temporary tariff protections or sheer cussedness as the US is doing right now. But eventually, […]

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