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Ørsted and Nestlé Sign15-Year Offshore Wind PPA

Nestlé UK has signed a 15-year PPA with Ørsted to buy green power output worth 31 MW from the 573 MW Race Bank Offshore Wind Farm.   Nestlé UK, the UK subsidiary of one of the world’s largest food and beverage companies, Nestlé, has signed a 15-year indexed fixed-price power purchase agreement (PPA) with Ørsted, […]

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Dominion Energy Remains on Schedule to Build 2.6 GW Offshore Wind Project

Dominion Energy and its contractors remain on track to ensure that the 2.6 GW Coastal Virginia Offshore Wind project remains on schedule Dominion Energy has issued a notification claiming that it along with its contractors remains on track to ensure that the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project remains on schedule to become an economic […]

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ADB Approves $100 mn Loan for Development of Advanced BESS in Mongolia

ADB has approved a USD 100 million loan to help supply RE to Mongolia by installing its first large-scale advanced battery energy storage system (BESS) The Asian Development Bank (ADB) has approved a USD 100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS). […]

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France Aiming for 1/3rd Renewable Energy Mix by 2030

France has recently submitted its final 2030 NECP to the EC, with an aim for 1/3rd renewable energy in its energy mix by 2030. France has recently submitted its final 2030 National Energy and Climate Plan (NECP) to the European Commission. The country will aim for 33 percent or 1/3rd renewable energy in its energy […]

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SECI Reschedules Pre-Bid Meet for 2 GW Wind Projects Tender for April 30

In line with the Central Government’s directive to follow social distancing norms amid Covid-19 crisis, state-owned Solar Energy Corporation of India (SECI) on Friday intimated that it has rescheduled the pre-bid meeting for 2 GW wind projects tender to April 30, 2020, from the earlier scheduled date of April 08, 2020. The nodal agency had […]

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58.1 GW of Renewables Added Since 2014, FDI Reaches $6.1 Bn

During the last 6 years, the cumulative renewables installed capacity has grown by about 72 percent to 138.9 GW, receiving USD 6.1 billion in FDI The Union Minister of Power and New and Renewable Energy RK Singh has said that during the last 6 years, the cumulative renewables installed capacity in the country has grown […]

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RWE Renewables Closes Financing for 151 MW Wind Project

RWE Renewables has announced that it has completed the successful tax equity financing of its 151 MW Peyton Creek wind farm in Matagorda County, Texas. RWE Renewables has announced that it has completed the successful tax equity financing of its 151-megawatt (MW) Peyton Creek wind farm in Matagorda County, Texas. A subsidiary of Bank of America provided […]

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E2 Report on Clean Jobs America 2020

E2’s 2020 Clean Jobs America report details the sheer size of this important employment sector, the troubles it is currently facing due to COVID-19 and how focusing recovery policies on clean energy can get America’s economy humming again—quickly and for the long run. Before the COVID-19 crisis, nearly 3.4 million Americans worked in clean energy— […]

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Renewable Energy can Support Resilient and Equitable Recovery: IRENA

Advancing the renewable-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, IRENA has revealed. Advancing the renewable-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, the first Global Renewables Outlook released by the […]

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