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Solar Power Very Much on the Agenda for Bihar: Nitish Kumar

Bihar CM Nitish Kumar has said that due emphasis will be paid on solar power in the state and that panels are already being installed on government buildings Bihar Chief Minister Nitish Kumar has said that due emphasis will be paid on solar power in the state and that solar panels are already being installed […]

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Will The Recent Reduction in Corporate Tax Impact The Domestic Solar Market Too?

With an aim to provide much needed support to boost manufacturing sector in the country and to make them more competitive in the global market, Finance Minister Nirmala Sitharaman,in September, announced a significant reduction in corporate tax rate from 30 percent to 22 percent and for new manufacturing companies to 15 percent. Here are some […]

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27 Countries Pledge $9.776 bn to Replenish the Green Climate Fund

27 countries have pledged to replenish the Green Climate Fund (GCF) by USD 9.776 billion for the next four years, with more contributions expected The shared urgency of addressing climate change took a big step forward with 27 countries pledging to replenish the Green Climate Fund (GCF) by USD 9.776 billion for the next four […]

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Offshore Wind to Grow 15-Fold and Attract $1 Trillion in Investments by 2040

A new report finds that global offshore wind capacity may increase 15-fold and attract around USD 1 trillion of cumulative investment by 2040. A new report has predicted that offshore wind power will grow impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing […]

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Blackrock and GE Backed Firm Raises $250 mn to Fund Distributed Solar Projects

DSD, the business-backed by BlackRock and GE Renewable Energy, has announced the closing of a USD 250 million fund to invest in future solar projects Distributed Solar Development (DSD), the business-backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has announced the closing of a USD 250 million fund financed by […]

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To Meet Paris Climate Target 8x Higher Solar, Wind Needed: DNV GL

Governments, businesses and society as a whole need to change the prevailing mindset from ‘business-as-usual’ to ‘business-as-unusual’ to fast-track the energy transition, says Ditlev Engel. In order to meet the targets of the Paris climate pact, there’s a need for taking extraordinary policy actions to promote renewable energy, electric vehicles (EVs), energy efficiency, new decarbonization […]

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Rooftop Solar Plus Storage, now a Viable Solution for India

The declining cost of storage, along with that of rooftop solar installations, is likely to change the future dynamics of the Indian power sector. The declining cost of storage solutions, along with that of rooftop solar solutions, is likely to change the future dynamics of the Indian power sector. Several countries such as Australia, the […]

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Solar Manufacturing in India

Global Overview Globally, over 100 GW of PV capacity was installed in 2018, with China continuing to take the lead, as it added 45 GW of capacities during the year. Other countries to install large solar capacities included Europe, the U.S. and India. China is also the world’s largest producer of solar cell/module, followed by […]

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New York Finalises Contracts for 1700 MW Offshore Wind Projects

NYSERDA has finalised contracts with Equinor and Sunrise Wind (Ørtsed and Eversource) to deliver 1700 MW of offshore wind energy to New York. Governor of New York, Andrew M. Cuomo has announced that the New York State Energy Research and Development Authority (NYSERDA) has finalised contracts with Equinor Wind US for its 816 MW – […]

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