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Global Investments in Renewable Energy Hit $288 Billion: BNEF Report

The dip in investment in 2018 can be partly attributed to falling technology costs in solar photovoltaics, which meant that the required capacity could be secured at a lower cost and slowdown in PV installations in China. Global investment in renewable energy has hit $288.9 billion in 2018, with the amount spent on new capacity […]

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Inability to Forecast is not the Disability of Regulation

With openly accessible documents/regulations/ on Deviation Settlement Mechanism (DSM), due to forecasting and scheduling (F&S) of wind and solar power generation at different SLDCs like Punjab, Haryana, U.P., A.P., Telangana, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat (Mock-trial), it is surely that the forecasting of the variable generation is under litmus-test. The F&S of solar […]

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Advances in Storage Disrupting the US Electricity Sector: Report

According to a new report, momentum is gaining around an industry shift toward utility-scale battery storage systems nationally in the US. According to a new report, momentum is gaining around an industry shift toward utility-scale battery storage systems nationally in the United States. It highlights that utility-scale batteries are giving renewables a big lift while […]

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UNDP and IRENA to Accelerate Low-Carbon Energy Transition

UNDP and IRENA announced a global partnership to accelerate the low-carbon energy transition. The United Nations Development Programme (UNDP) and the International Renewable Energy Agency (IRENA) have announced a global partnership to accelerate the low-carbon energy transition and offer concrete steps to achieve sustainable development.  Under the cooperation, the organizations will explore joint initiatives aimed […]

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LONGi Ranked Most Financially Stable PV Manufacturer by BNEF

LONGi Solar has topped the BNEF Altman-Z score chart for solar module manufacturers for the first time. Chinese solar PV major, LONGi Solar has topped the Bloomberg New Energy Finance (BNEF) Altman-Z score chart for solar module manufacturers for the first time – and with a highly increased score. The Altman-Z ratio measures a company’s […]

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DERC Issues Group and Virtual Net Metering Guidelines

DERC has issued the group and virtual net metering framework, paving the way for rooftop and agri-solar plants in residential areas and villages in the city The Delhi Electricity Regulatory Commission (DERC) has issued the capital’s group and virtual net metering framework, paving the way for the installation of rooftop and agri-solar plants in residential […]

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OPIC Approves $87 Mn in Funding For 250 MW Wind Project in Egypt

OPIC has approved $87 million in funding for a 250 MW wind project in Egypt to support economic growth through the development of power infrastructure. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in […]

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Siemens Gamesa Commissions Heat-Based Energy Storage Project

Siemens Gamesa Renewable Energy has begun operation of its electric thermal energy storage system, to store large quantities of energy cost-effectively Siemens Gamesa Renewable Energy (SGRE) has begun operation of its electric thermal energy storage system (ETES). The innovative storage technology makes it possible to store large quantities of energy cost-effectively and thus decouple electricity […]

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