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renewable energy investment

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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Nautilus Commissions its Community Solar Project in New York

Nautilus Solar Energy has completed its first of three community solar projects serving Orange and Rockland’s utility service territory in New York. Nautilus Solar Energy, a leading national solar acquisition, development, and asset management company, has announced the completion of its first of three community solar projects serving Orange and Rockland’s utility service territory in […]

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Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018

A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […]

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Siemens Gamesa Conditionally Awarded 376 MW Offshore Wind Project in Taiwan

Siemens Gamesa has conditionally received an order for the supply of offshore wind turbines for the 376 MW Formosa 2 Offshore Wind Farm Project in Taiwan. Siemens Gamesa Renewable Energy (SGRE) has conditionally received an order for the supply of offshore wind turbines including a 20-year full-service agreement for the 376 megawatts (MW) Formosa 2 […]

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Vattenfall Issues its First Green Bond Worth EUR 500 Mn

In line with the company’s investments in fossil-free energy and climate-smart solutions, Vattenfall has for the first time issued a green bond. In line with the company’s investments in fossil-free energy and climate-smart solutions, Vattenfall has for the first time issued a green bond. The size of the bond issue is EUR 500 million, with […]

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Norway Passes Law, Sovereign Fund To Become More Greener

Norway’s Government Pension Fund Global has obtained a go-ahead to divest as much as $13bn of investments from fossils fuels after its parliament voted to pass the law The world’s largest sovereign wealth fund which handles over $ 1trillion worth of Norway’s investments has been given a green light for the largest fossil fuel divestment […]

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