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solar and wind

MNRE Clarifies on Payment Security Mechanism Directive for Gencos

The energy generated during the non-dispatch period shall be calculated on the basis of Capacity Utilization Factor as declared by the generators in Power Purchase Agreements. The Ministry of New & Renewable Energy (MNRE) has issued a clarification on the power ministry’s latest directive, which is applicable from today, for power distribution companies (dZiscoms) to […]

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EnBW Launches Green Bonds Worth €1 bn to Fund Clean Energy Projects

EnBW has launched its first two green hybrid bonds on the capital markets with a total issue size of €1 billion Energie Baden-Württemberg AG (EnBW), a publicly-traded electric utility company headquartered in Karlsruhe, Germany, has launched its first two green hybrid bonds on the capital markets with a total issue size of €1 billion. Making […]

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EBRD Grants €149 Million Loan to Upgrade Ukraine’s Transmission

European Bank for Reconstruction and Development (EBRD) has announced that it will provide a €149 Million Loan for the upgrade of Ukraine’s transmission network The European Bank for Reconstruction and Development (EBRD) has announced that it will provide a €149 Million Loan to support the upgrade of Ukraine’s transmission network. The investment will help Ukrenergo upgrade […]

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Tesla Introduces New Battery for Utility Scale Energy Storage

To match global demand for massive battery storage projects, Tesla has designed a new battery product specifically for utility-scale projects: Megapack. Two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia using Tesla Powerpack batteries. Since then, the facility saved nearly USD 40 million in its first year alone and helped […]

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Siemens Gamesa Doubles Net Income in First 9 Months of FY 19

Siemens Gamesa has reported in its results of the first nine months (Oct-Jun) of FY 2019, that it doubled its net income to €88 million in the period. Siemens Gamesa Renewable Energy (SGRE) has reported the results of the first nine months (October-June) and the third quarter (April-June) of the fiscal year (FY) 2019. The […]

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India Leads Asia Pacific With Lowest Renewable Cost: Report

India has emerged as the market leader with the lowest renewable energy cost in the Asia Pacific region. According to data furnished in a new report, India has emerged as the market leader with the lowest renewable energy cost in the Asia Pacific region. The report “Battle for the future: Asia Pacific renewable power competitiveness […]

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Industry Reacts to High Court Stay on AP Order for PPA Review

High Court ordered a stay that gave respite to wind firms while state action to temporarily shut projects added to their jitters Reacting to the High Court stay on the AP order for reviewing PPAs, law firm J Sagar Associates that represents ReNew Power in high court said that Andhra Pradesh government has ‘no right’ to […]

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US DOE Grants $16 mn for 14 Energy Infrastructure Projects

The US DOE has announced more than $16 million in funding for 14 tribal energy infrastructure projects The US Department of Energy (DOE) has announced more than $16 million in funding for 14 tribal energy infrastructure projects through DOE’s Office of Indian Energy. The investment will help Native American and Alaska Native communities harness their […]

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Adani Green Energy Planning 800 MW RE Projects

Adani Green Energy plans to add over 800 MW of renewable energy projects in the current financial year and 3300 MW in two more years Adani Green Energy (AGEL) plans to add over 800 MW of renewable energy projects in the current financial year and 3300 MW in two more years, the company has announced in a […]

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