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IRA to Swell US Renewables Investment to $114 Billion: Wood Mackenzie

A new report by Wood Mackenzie says that the Inflation Reduction Act (IRA), a Biden law that accelerates renewables and decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. It said that a rise from $64 billion in 2022 to nearly $114 billion is expected by 2031. The […]

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View From WFES-India Risks Falling Behind In Solar and Other Renewables Push

At the World Future Energy Summit in Abu Dhabi, it was interesting to hear the views of delegates, both Indian and foreign when it came to the market attractiveness of India for renewable energy. While there is zero doubt about the emergence of the country as a renewable energy powerhouse that has even pushed many […]

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Association of Renewable Energy Agencies of States & Industry Body CMAI Join Hands

Industry body Carbon Markets Association of India (CMAI) and Association of Renewable Energy Agencies of States (AREAS) have forged a partnership. They have joined hands to share knowledge and information on developments that are policy and regulations related. The two will work together for making progress in the carbon market and to encourage the set […]

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USA’s Utility-Scale Renewables Generated More Electricity Than Coal On 169 Days

As per a report by Institute for energy Economics and Financial Analysis, USA’s clean energy transition received major impetus in 2022. The report highlights that the US clean energy transition is witnessing an upward trend and has made major progress since 2019. The report has highlighted three major trends in renewables for US electricity generation. […]

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Solar Tech Startup Loom Solar Raises $2 Mn Funding from SIMA Funds, USA

Emerging start-up in solar tech Loom Solar has raised $2 Million funding from US-based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others. The start-up that looks into the manufacturing of bi-facial solar panels and lithium battery, is headquartered in […]

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Greek Developer Mytilineos Secures Funding for 230 MW Solar Projects in Australia

Greek industrial and energy giant Mytilineos has secured financing of A$234 million for another three solar farms. Mytilineos informed that two solar projects are in Queensland and one in New South Wales. This also marks the final closing of the second of projects pipeline that belong to Mytilineos in Australia. Mytilineos said that the finance […]

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