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sources of energy

MasTec to Acquire Infrastructure and Energy Alternatives (IEA)

MasTec and Infrastructure and Energy Alternatives (IEA) have announced signing an agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction. Each IEA share is valued at $14.00. The official statement of MasTec said that the transaction has been unanimously approved by the Boards of Directors of both […]

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MSEDCL Seeks Approval From MERC For Energy Storage Facility In Unique Bidding

Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) for approval of procurement of 250 MW flexible and schedulable power from renewable energy sources with green-shoe option along with an energy storage facility for 25 years and approval of the related tender documents. Maharashtra State Electricity […]

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UK Approves 8 GW Offshore Wind Energy Projects Development

In a quest to decarbonize the power industry of the United Kingdom, six fixed offshore wind projects, with a potential to generate renewable electricity for more than 7 million homes, have been given the green signal by the Secretary of State for Business, Energy and Industrial Strategy. This will facilitate the UK Government to enter […]

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NTPC, Morocco Ink MoU For Cooperation In Renewable Energy

India’s largest power producer and state-owned NTPC has signed a Memorandum of Understanding with Moroccan Agency for Sustainable Energy (MASEN) for mutual cooperation in the renewable energy sector. A statement by the Ministry of Power reads that the agreement was signed during the 17th CII EXIM conclave on India-Africa growth partnership in New Delhi from […]

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Global Energy Perspective Year 2022 by McKinsey

Mckinsey & Company  has released its study on Global Energy Perspective 2022. In this Global Energy Perspective 2022 report, Mckinsey & Company gave detailed information about Net Zero carbon emissions & other goal of more than 60 countries. Additionally, 60% of Fortune 500 corporations pledge to meet these decarbonization targets. The global energy revolution is […]

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Volkswagen And Energy Web To Provide 24/7 EV Charging Solutions

Germany-based automotive manufacturer Volkswagen Group has announced partnership with Energy Web, a Germany-based nonprofit building operating systems for energy grids. Under this collaboration, Volkswagen’s Elli and Energy Web have developed a new smart charging solution enabling EV owners to charge their vehicles with renewable electricity that is matched directly with the vehicle’s real-time electricity consumption. […]

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The Outlook for The Renewable Energy Sector Through 2022

The outlook for the renewable energy industry through 2022 has been published by Deloitte. As per the report, the renewable energy sector continued to be impressively robust in 2021. Renewable energy sources are now among the most cost-effective energy sources in several sectors thanks to quick technological advancements, falling prices, and improved competitiveness of battery […]

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Renewable Energy Market Update Outlook For 2022-23

The IEA has released its study on Renewable Energy Outlook For 2022-23. In its report, the IEA provided detailed information about how developments in the energy market in recent months, particularly in Europe, have once again demonstrated the critical role that renewable energy sources play in enhancing energy security in addition to their well-established efficiency […]

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