SUBSCRIBE NEWS LETTER

renewable energy investment

Mumbai Housing Complex Goes Solar, To Reduce Electricity Bill by 70%

This would be the equivalent of reducing 140 diesel cars a month and around 1,700 such cars a year from Mumbai’s roads. In what is, perhaps, the largest renewable energy project in the city, a housing society in the Mumbai suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy […]

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Transition to 100% RE by 2050 ‘Cost-Effective’: EWG Study

A new study by the Energy Watch Group and LUT University is the first of its kind to outline a 1.5°C scenario with a cost-effective, cross-sectoral, technology-rich global 100% renewable energy system that does not build on negative CO2 emission technologies. In what should be good news for skeptics worried about the cost of transitioning […]

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China’s CEI, French EDF Group Team Up for Offshore Wind in Jiangsu Province

China Energy Investment and Electricite de France Group (EDF Group) have signed a deal to jointly develop an offshore wind power project in China’s eastern Jiangsu province. The project is the first offshore wind power venture with both domestic and foreign investment in China. A total of 7.94 billion yuan (US$1.18 billion) will be invested, […]

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Croatia’s HEP to Invest Over $100 Mn into Solar Power Plants by 2023

Croatia’s national power company, HEP, which has been engaged in electricity production, transmission and distribution for more than one century, has announced that it will invest close to $114 million into solar power plants by 2023. Solar power plants Kaštelir, Cres, Vis and Vrlika Jug, of the total capacity of 11.6 MW and the value […]

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Madhya Pradesh Tenders For 25 MW Rooftop Solar Projects under RESCO Model

The last date for online bid submission is May 10, 2019, and the last date for bid submission (hard copies) is May 15, 2019. The Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) has invited Request for Proposal (RfP) for the selection of bidders for the implementation of 25 MW grid-connected rooftop solar PV systems under […]

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Global Storage Market Predicted to Reach 158 GWh by 2024: Report

The global energy storage market will expand 13-fold by 2024, according to new research from consultancy firm Wood Mackenzie. According to the report, ‘Global energy storage outlook 2019: 2018 year-in-review and outlook to 2024’, energy storage has been creeping into decarbonising markets over the past 5 years. Commenting on the report, Ravi Manghani, Research Director, said, […]

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Saudi Arabia Tipped to Become Largest Wind Market in the Middle East

A new report has highlighted that Saudi Arabia is set to become the largest market for wind power in the Middle East by early 2020s. According to the report ‘Middle East Wind Power Market Outlook, 2019-2028’,  recently released by consultancy firm Wood Mackenzie, developers in Saudi Arabia are expected to build 6.2GW of wind capacity […]

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PFS Partners with USICEF For Financing Solar Projects in India

PFS has partnered with USICEF to leverage funds for distributed solar power projects in the country. Infrastructure finance company, PTC India Financial Services (PFS) has partnered with the US-India Clean Energy Finance (USICEF) to secure funds for funding solar projects in India. “It is an innovative facility which presents PFS with an opportunity to finance […]

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