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renewable energy investment

Madhya Pradesh Increments Capacity to 32 MW For Rooftop Solar Tender

Madhya Pradesh has increased the solar capacity under its rooftop tender to 32 MW from 25 MW. The Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) has increased the capacity tender under its rooftop tender to 32 MW from 25 MW. MPUVNL had invited Request for Proposal (RfP) for the selection of bidders for the implementation […]

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Ørsted Selected to Develop 1,100 MW Ocean Wind Project in New Jersey

New Jersey has selected Ocean Wind, an offshore wind energy project with a capacity of 1,100MW proposed by Ørsted. The New Jersey Board of Public Utilities (NJBPU) has selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from Public Service Enterprise Group (PSEG), to negotiate a 20-year offshore wind renewable energy […]

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As 20 Delhi Schools Get Solar Power, 80 More To Join

The move is in line with the Delhi government’s flagship program to make the national capital a solar city in the coming years. Astoundingly, the returns from the government’s investment seem to be over 15%, based on government figures According to Delhi’s Department of Education, solar panel installation has been completed in 21 school buildings […]

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DEWA Issues Tender For 900 MW 5th Phase of MbRAM Solar Park

DEWA has issued a tender for the 5th phase of MbRAM Solar Park for 900 MW, based on the Independent Power Project (IPP) model. The Dubai Electricity and Water Authority (DEWA) has issued a tender for the 5th phase of the Mohammed bin Rashid Al Maktoum (MbRAM) Solar Park for 900 megawatts (MW) of electricity […]

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FMO Grants Rs 208 Cr to Srei Equipment For Refinancing Green Projects

Srei Equipment has received credit approval for Rs 208 crore from FMO. The industry leader in construction and mining equipment financing, Srei Equipment Finance Limited, a wholly-owned subsidiary of Srei Infrastructure Finance Limited has received credit approval for USD 30 million (Rs 208 crore) from FMO, a Netherlands based Development Finance Bank. According to Srei, […]

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Electricity Demand to Rise 62%; Generation Capacity to Triple by 2050

As a result, an aggregate investment of about USD 13.3 trillion is expected to be attracted in the sector, including USD 4.2 trillion in solar and USD 5.3 trillion in wind energy. The world’s power generation capacity is likely to triple between 2018 and 2050, as the demand for electricity may grew by 62 per […]

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Siemens Gamesa Receives 1st Offshore Wind Supplier Nomination in Japan

Siemens Gamesa Renewable Energy recently received its first preferred supplier nomination for an offshore wind project in Japan Siemens Gamesa Renewable Energy recently received its first preferred supplier nomination for an offshore wind project in Japan. The agreement with customer Obayashi Corporation currently includes using SG 8.0-167 DD offshore wind turbines for the Northern Akita Offshore Wind Farm project, and a long-term service agreement. All deliveries are subject to Obayashi Corporation’s final investment decision. […]

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NEXTracker Achieves 20 GW Solar Tracker Milestone

NEXTracker with 20 GW of its smart solar trackers delivered and under active fulfillment globally, has become the first company to reach the milestone. NEXTracker, a Flex company, has announced its latest industry milestone, with 20 gigawatts (GW) of its smart solar trackers delivered and under active fulfillment globally. NEXTracker was named the No.1 supplier […]

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US Solar Market Witnesses Best 1st Quarter in History

In the first 3 months of the year, the U.S. installed 2.7 GW of solar PV, making it the most solar capacity ever installed in the first quarter of a year. According to a new report, in the first three months of the year, the U.S. installed 2.7 GW of solar photovoltaics (PV), making it […]

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