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TransAlta Renewables Net Earnings Slip in Q1

Canada-based independent power producer (IPP) TransAlta Renewables has reported a sharp decline of CAD 73 million in its net earnings attributable to common shareholders to merely CAD 3 million, during the first quarter of 2020. The company’s net earnings attributable to common shareholders stood at CAD 76 million in the same period last year. Further, […]

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ARENA to Support BP Study to Scale Renewable Hydrogen in Australia

ARENA has announced AUD 1.71 million in funding to BP Australia to assess the feasibility of building a renewable hydrogen facility in Western Australia. On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced AUD 1.71 million in funding to BP Australia Pty Ltd (BP Australia) to assess the feasibility of […]

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‘PFC Should Lend More to Renewable Energy Instead of Stranded Assets’

Instead of backing obsolete & uneconomical coal-fired power plants that could soon become stranded assets, state-owned power sector lender, PFC should lend more to support renewable energy capacity addition, suggested by the Institute for Energy Economics and Financial Analysis (IEEFA) in its new findings. Both Power Finance Corporation (PFC) and Rural Electric Corporation Ltd (REC) […]

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Neoen Secures 352 MWp Landmark PPA With CleanCo

Neoen has signed a 352 MWp PPA with CleanCo Queensland in one of Australia’s most substantial renewable energy agreements to date. Neoen, one of the world’s leading and fastest-growing producers of exclusively renewable energy, has signed a 352 MWp power purchase agreement (PPA) with CleanCo Queensland in one of Australia’s most substantial renewable energy agreements […]

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India Inc Suggests on Proposed Electricity Amendments; Appreciates Govt’s Effort

Solar industry captains have broadly welcomed the Narendra Modi government’s proposed amendments to the Electricity Act, 2003, as it has tried to offer solutions for many lingering issues of the ailing power sector. In line with this, industry stakeholders believed that if new proposed amendments along with suggestions from the India Inc, implemented properly then […]

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Moody’s Lowers Forecast for Global Green Bonds Issuance due to COVID-19

Moody’s has lowered its forecast for global sustainable (green) bonds issuance this year after economic fallout from the coronavirus outbreak Bond credit rating agency Moody’s has stated that it has lowered its forecast for global sustainable bond issuance this year after economic fallout from the coronavirus outbreak reduced green bonds volumes in the first quarter, […]

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In Renewables Shadow, who Will Still Fund Coal in India? : Report

Why would any debt/ equity capital providers fund a high emission & polluting new coal power plant at double the cost of deflationary, domestic renewables? The COVID-19 pandemic and the subsequent nationwide lockdown to curb its spread has highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being superseded by international […]

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ACC Okays Appointment of PK Das as CMD, IREDA

The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, has provided its consent for the appointment of Pradip Kumar Das as new Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency (IREDA), a central power financial institution, as per the sources. ACC committee is comprised of the Prime Minister […]

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ADB Grants $346 Mn Loan for Rural Electricity in Maharashtra

ADB has approved a USD 346 million loan to help provide an efficient and reliable power connection to rural agriculture customers in Maharashtra. The Asian Development Bank (ADB) has approved a USD 346 million loan to India to help provide an efficient and reliable power connection to rural agriculture customers in the state of Maharashtra. […]

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