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wind generation

Coming up. A 100 MW Solar Park in Bangladesh with Saudi backing

The AlFanar Group, a leading Saudi construction and manufacturing conglomerate, has agreed to provide a $100 million worth of financing for an upcoming solar project in Bangladesh. Financing has been a challenge for  developers in Bangladesh, with projects struggling due to inability of the developers to raise funding.The Riyadh-based Alfanar signed a Memorandum of Understanding […]

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SunPower Launches Industry First 400+ Watt Home Solar Panels

Delivering up to 415 watts of electricity, A-Series is the most powerful solar panel that customers in America can buy for their home today. US-based SunPower has introduced the highest-power solar panels available today for the residential market. In the United States, the company has launched its Next Generation Technology home solar panel called A-Series, […]

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Minnesota Sets Sight For 100% Carbon-Free Electricity by 2050

Governor Tim Walz has set an ambitious goal for Minnesota to get 100 percent of its electricity from carbon-free sources by 2050, though his plan was short on specifics of how to meet that target. Walz said his clean energy proposals would put Minnesota at the forefront of addressing climate change while ensuring “reliable, affordable and sustainable […]

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Fortum Wins Right to Build 250 MW Solar Project in India

Fortum will build and operate a 250 MW solar plant in Rajasthan at a fixed tariff rate of Rs 2.48/kWh for 25 years. Finland-based Fortum has won the right from Solar Energy Corporation of India (SECI) to build a 250 MW solar power plant in Rajasthan, India. The project is expected to be commissioned in […]

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Spain Amends Renewable Energy Targets to 74% By 2030

The Spanish government has raised the RE target for the country to 74% by 2030, taking the expected installed capacity in the electricity sector to 157 GW. Pointing to the far more favourable conditions and constituency for renewable energy in Spain, as compared to say, the US, the Spanish Council of Ministers has approved the […]

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Spain’s Iberdrola Steps Up Plans With Euro 34 Bn Investment Planned by 2022

47% of the overall amount (Euro 16 billion) will be invested in Networks and 39% (Euro 13.3 billion) in Renewables. Generation and Supply will receive 11% of the total (Euro 3.8 billion). Iberdrola is stepping up global growth with investment rising to Euro 34 billion in the 2018-2022 period. This breakthrough means an upward revision from […]

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Cheap Finance Can Make Renewables Cost-Competitive Faster in Developing Countries

A new report pinpoints how concessional finance can make wind, solar, and batteries cost-competitive faster in developing countries, accelerating the shift from fossil-fuelled power. Cut-rate financing has the potential to substantially speed the transition from fossil-fuelled power generation to renewable energy in developing countries, according to a new report produced by BloombergNEF (BNEF) and commissioned […]

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Maldives Steps Up Renewable Adoption With 5 MW Solar Tender

The 5MW solar system will be developed under design, build, finance, own, operate, and transfer basis. The Government of the Republic of Maldives is implementing the “Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE)” Project and has invited bids from investors for installation of 5MW Grid-connected Solar PV Power System in the Greater Malé Region […]

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Fitch Ratings Assigns BB(EXP) Rating to ReNew’s USD Notes

Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II. Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II, which is a restricted group of subsidiaries owned by ReNew Power Ltd.  “The rating of the proposed notes reflects […]

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