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Accepting Gas Power Plants as Sustainable Investments in Asian Taxonomies Heightens Greenwash Risk: IEEFA

Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise […]

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AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition

The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]

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NZ’s Infratil To Invest in Renewable Platform In Singapore

New Zealand-based investment firm Infratil is investing $233m in a renewable energy development platform in Singapore. The new platform will be called Gurīn Energy. Infratil CEO Jason Boyes said that “this is the 4th such platform Infratil has established to cover global growth of the sector. Infratil will own the business in partnership with the […]

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After Hurricane Ida, Communities in US Get help From Solar Installations

South Louisiana communities hit hard by Hurricane Ida are now using the power of the sun in their recovery efforts. New Orleans Solar Company, PosiGen Solar, has teamed up with the Footprint Project to deploy 12 solar power stations at disaster supply sites in hurricane-damaged areas. A dozen firehouses, churches and community centers damaged or […]

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Shell & CoensHexicon to Build 1.4 GW Floating Wind Farm in South Korea

Shell Overseas Investment BV, a unit of Dutch oil and gas major Royal Dutch Shell, and CoensHexicon have established a joint venture to fund, develop, and operate MunmuBaram, a 1.4 GW floating offshore wind farm for South Korea. MunmuBaram is expected to power over 1 million homes once it begins operating. The two companies announced their […]

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World’s 1st Commercial Installation of Perovskite Solar Cells in Poland

Poland-based Saule Technologies, a perovskite solar tech company, has launched its first installation of photovoltaic blinds – sun breakers with perovskite solar cells. This world’s first commercial implementation of perovskite solar cell technology was a collaboration with Aliplast, said the company. Saule’s new product was first presented in October 2020. The profiles with solar modules, […]

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48 MW Scottish Offshore Wind Project Fully Installed

The 48MW Kincardine Offshore Wind project, touted as “the world’s largest installed floating offshore wind farm,” has been fully installed now. It is expected to generate enough electricity to power approximately 55,000 Scottish households. Last year, Scotland narrowly missed a target to generate the equivalent of 100% of its electricity demand from renewables. The figure […]

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Masdar JV Reaches Financial Close On Indonesia’s First Floating Solar Plant

UAE-based renewable energy company Masdar and its partner PT PJBI announced today that their joint venture (JV) has achieved the financial close on the Cirata Floating Solar Power Plant project in Indonesia. The construction work of Indonesia’s first-ever floating solar power plant has begun. PT. PMSE (Pembangkitan Jawa Bali Masdar Solar Energi) is the JV […]

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Waaree Completes 300 MW Production for US Order

Waaree Energies Ltd., the over Rs 2000 crore Mumbai-based solar manufacturing firm has completed the production of 300+ MW solar modules for Aquamarine, a 250-MW solar photovoltaic project that is part of the first phase of Westlands Solar Park (WSP) in California’s San Joaquin Valley. WAAREE has provided 385, 390 Wp Mono PERC Solar PV […]

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