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Global EV Charging Station Market to Reach $93 Billion by 2027: Report

The global Electric Vehicle Charging Station (EVCS) market has been fuelled by a growing awareness of environmental conservation and carbon emission reduction. Hence, it has been estimated that the global EVCS market will grow at a compound annual growth rate (CAGR) of 20% from 2021 to 2027 and reach $93 billion by 2027, according to […]

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ACWA Power Achieves Financial Close for 1500 MW Sudair Solar Plant

ACWA Power, based in Saudi Arabia, has announced the financial close for the 1500 MW Sudair Solar plant, a key project under the Public Investment Fund (PIF) renewable energy program in the country. The program aims to support Saudi Arabia’s ongoing energy transition and diversification, and to deliver 70% of the country’s renewable energy under […]

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Borosil Renewables Q1 Results. Some Speed Bumps, But A Long Clear Road Ahead

Continuing its smart turnaround on the back of high solar glass prices, Mumbai-based solar glass manufacturer Borosil Renewables has reported a net profit of Rs 39.62 crore in Q1 FY22 as against a net loss of Rs 1.87 crore in Q1 FY21. The stunning results follow from a 151.8% YoY increase in net sales to […]

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S&W Solar Expands Menu, Adds Hybrid energy, Storage and Waste To Energy

Sterling and Wilson Solar Limited (S&W Solar) has announced that it will be expanding its EPC (Engineering, Procurement and construction) solutions offerings to cover Hybrid energy projects as well now. Besides this, it will double don further on its energy storage solutions and waste to energy offering now. Hybrid energy solutions involve combining two or […]

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French Firm Tysilio Brings Solar Power to Senegalese Farms

Based out of Southern France, solar company Tysilio has signed a partnership agreement with Senegal’s National Programme for Community Agricultural Estates (Prodac) that will enable the construction of a containerised solar system with battery storage in farms in the south of the country. This project is expected to reduce farmers’ dependence on highly polluting generators. Tysilio […]

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Denmark Leads in Share of RE Production, India Yet To Break Into Top 15

Wind and solar produced 2,435 TWh of electricity in 2020, providing almost a tenth of the world’s electricity. While European countries like Denmark, Ireland, and Germany are leading among the world’s top 15 producers, India is not part of his group. Even though India’s renewable energy capacity is being added to each year, with the […]

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SE Asian Countries Have Strong Demand for 2 &3 Wheeler EV’s for Last Mile Delivery

Introduction According to a World Economic Forum report, demand for urban last-mile delivery would increase by 78% by 2030, resulting in the deployment of 36% more delivery vehicles in the world’s top 100 cities. In most Southeast Asian countries, the use of last-mile deliveries has expanded dramatically in recent years. The rise of online retail […]

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Amid Renewable Energy’s Expansion, Gas is Losing Traction: IISD Report

The Step Off the Gas report, published earlier this month by the International Institute for Sustainable Development (IISD),  examines international public finance for natural gas expansion in the Global South and the choices countries face in how to develop their energy systems while meeting socio-economic needs. The report assesses economic and environmental risks from gas […]

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Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA

The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […]

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