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renewable energy investment

New 3D Solar Cell Design Could Revolutionise PV Manufacturing

The innovative 3D design removes many of the manufacturing process steps required by existing photovoltaics (PV) modules An innovative 3D solar-cell design with a radically different architecture that can drive down the costs of cell manufacture may define the future of renewable energy as it potentially reduces optical losses within a device, according to UK […]

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Azure Power Chairman, CEO Inderpreet Wadhwa to Step Down

He will continue as Chairman and Chief Executive Officer (CEO) until a new successor is named or December 31, 2019, whichever is earliest. Inderpreet S Wadhwa, who has led Azure Power to become one of the country’s largest solar power developers and operators with over 1.5 GWs of operating assets plus over 1.5 GWs of […]

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US DOE Selects 4 Projects to Develop Next-Gen Wind Turbines

These projects will develop more efficient, smaller, and lighter-weight generators that will lower costs and make wind power more affordable. The U.S. Department of Energy (DOE) has selected four projects totaling up to $8 million in investment from the department to develop next-generation wind turbine drivetrain technologies that will facilitate the continued growth of wind turbines for […]

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KERC Recommends Halting New Solar Tenders, Auctions in Karnataka

Karnataka which is India’s top state in terms of installed solar capacity has stopped the building of new solar energy projects. The Karnataka Electricity Regulatory Commission (KERC) has written to the Karnataka Renewable Energy Development Limited (KREDL) regarding the procurement of solar power. According to the letter dated 7 March, the KERC reportedly has noted […]

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Enel Brings Online its First Solar Facility in Zambia

Upon completion, the facility is expected to produce around 70 GWh of electricity every year, while avoiding the annual emission of over 25,600 tons of CO2 into the atmosphere. Enel Green Power, the Enel Group’s global business line dedicated to renewable energy, has started operations of the 34 MW Ngonye solar PV plant, which is the Group’s […]

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Ørsted Takes FID on Two Offshore Wind Farms in Taiwan

Denmark-based power company has announced that it has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan.  Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently, Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff […]

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Indian Solar Sector Contracts in 2018-19

The Indian Solar sector saw only 6,529 MW addition during the last financial year while Wind energy Sector too recorded a slump in growth. According to the data supplied by the Central Electricity Authority, 2018-19 saw fresh capacity additions to a paltry 6,529 MW as against 9,010 MW in the previous year. The figures show […]

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Off-Grid Solutions Provider SolarHome Raises $1 Mn Follow-On Equity

Singapore-based off-grid solutions provider, SolarHome has announced that it has secured an additional $1 million in equity funding as part of its series A round. The startup which is working on providing off-grid solar solutions to households in Myanmar on a Pay-As-You-Go (PAYG) model has secured the funding from its existing investor Trirec. TRIREC an […]

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