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solar and wind

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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RWE Acquires 1.5 GW of Offshore Wind Capacity in Poland

RWE Renewables has acquired a pipeline of up to 4 offshore wind projects in Poland with a total generation capacity of more than 1.5 GW RWE Renewables has announced that the firm has acquired a pipeline of up to 4 offshore wind projects in Poland as part of its ambitions to enter the Polish offshore […]

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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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US DOE Grants $28 Million For Wind Energy R&D

The US DOE has announced the selection of 13 projects to receive a total of USD 28 million to advance R&D in wind energy nationwide. The US Department of Energy (DOE) has announced the selection of 13 projects to receive a total of USD 28 million to advance research and development (R&D) in wind energy […]

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China Playing Catch-up in Offshore Wind Technology: GWEC

A new analysis has revealed that while China is dominating in the supply of offshore turbines, it is still playing catch-up in terms of technology In 2018, 11 manufacturers installed 735 units of offshore wind turbines globally, totalling 3,693 MW of capacity, and six out of these top ten suppliers are from China. The firms […]

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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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Amazon Announces 3 New Renewable Projects in US and UK

Amazon has announced 3 new renewable projects in the US and UK that support its commitment to reaching 80 percent renewable energy by 2024 Amazon has announced three new renewable energy projects in the US and UK that support its commitment to The Climate Pledge and reaching 80 percent renewable energy by 2024 and 100 […]

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Iberdrola Acquires 118 MW of Spanish Wind Projects from Siemens Gamesa

Iberdrola has reached an agreement with Siemens Gamesa for the acquisition of three wind farm developments in Spain, with a total capacity of 118 MW Iberdrola is progressing its plan to relaunch clean energies following its agreement with Siemens Gamesa for the acquisition of three wind farm developments in Spain, with a total installed capacity […]

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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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