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solar and wind

Investments in Renewable Energy Sector Could Hit $11T By 2040

India and China lead the development in renewable energy investments, accounting for almost 50 percent of new global capacity. Investments in renewable energy (RE) could climb to a cumulative $11 trillion by 2040, mostly in emerging markets, according to a study by the International Finance Corporation, a member of the World Bank Group. Major reforms […]

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Elon Musk Won US$50 Million In A Bet to Build A Huge Battery In 100 Days

Musk took it as a challenge in order to solve South Australia’s power woes which had witnessed a state-wide blackout. Tesla and SpaceX Founder and entrepreneur Elon Musk has won a bet for building a giant battery in a record time of 100 days, $50 million was on stake during the bet and Musk has […]

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Modi Govt to Step Beyond Renewable Goal With China-Scale Tenders

With renewable energy targets second only to those set by the government of China, India has a long way to go from a current base of 60 gigawatts to reach its ambition of 175 gigawatts in five years. In a bid to fulfill Prime Minister Narendra Modi’s climate pledges, India announced that it will tender […]

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Air-breathing Battery Could Cut Costs of Renewable Energy Storage

Solar power and wind are increasingly popular sources for renewable energy. But intermittency issues keep them from connecting widely to the U.S. grid: They require energy-storage systems that, at the cheapest, run about $100 per kilowatt hour and function only in certain locations. Now MIT researchers have developed an “air-breathing” battery that could store electricity […]

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Artificial Intelligence (AI) Will Enhance the Efficiency of Renewable Energy Projects: Reports

The use of autonomous drones will offer quicker and efficient remote inspection and maintenance. As per the suggestion by DNV GL, stating that technologies such as autonomous robotics and machine learning can help improve areas such as decision making and planning, condition monitoring, inspections and supply chain optimization which in turn help boost efficiencies across the renewable energy […]

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India’s Clean Energy Sector Aims To Generate 330,000 New Jobs: Report

The Union Government is planning to set up 160,000 Megawatt (Mw) of fresh renewable energy generation capacity in the five years between 2017 and 2022. More than 330,000 new jobs are likely to be generated from India’s growing renewable energy sector over the next five years, according to US-based global research organisation World Resources Institute […]

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Indian renewable energy companies among lowest rated: Report

India’s renewable energy companies has poor score on investments in Asia-Pacific region says Fitch According to a report released by ratings agency Fitch, India’s renewable energy companies are among the most poorly rated investment grade companies in the Asia-Pacific region. “Most of the issuers are owned by their respective sovereigns due to the strategic importance […]

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ADFD & IRENA Started Accepting Applications For Funding Opportunities For Renewable Energy Projects

The Facility allocated US$189 million to 19 renewable energy ventures across the globe, covering up to 50 per cent of the project costs. The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded […]

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India’s Renewable Energy Capacity Crosses Milestone of 60GW

India has set an ambitious 175GW clean energy target by 2022, of which 100GW is to come from solar projects. India has achieved a major milestone in solar power generation capacity. India added 10,000 MW clean energy capacity in the last nine months, taking country’s total renewable energy capacity to 60,000 MW in the September […]

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