Tags: renewables

World Is Falling Short of Sustainable Energy Goals: IRENA

Despite significant progress in recent years, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030. Ensuring affordable, reliable, sustainable and modern energy for all by 2030 remains possible but will require more sustained efforts, particularly to reach some of the world’s poorest […]

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World nations failing the poorest on energy goals: Study

More than 150 million people are gaining access to electricity every year, reducing the ranks of those who live without power, but this is not enough to meet global development goals, according to a report released Wednesday. Furthermore, efforts to cut pollution from cooking food and promote renewable power for heat and transportation are likewise […]

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Adani Green Energy’s OFS for 8.75 crore shares on Tuesday

Adani Green Energy said on Monday that two of its promoters Adani Tradeline LLP and Universal Trade and Investment together would offer 8.75 crore equity at an offer price of Rs 43 per piece on Tuesday. The offer for sale would open for one day on Tuesday, May 21, 2019, stated a BSE filing. Adani […]

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Panasonic India aims Rs 700 cr revenue from energy biz by 2021

Diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around Rs 700 crore in revenue by 2021 from this vertical, said a top company official. The company has divided its energy space business into two segments — energy storage and mobility solutions, Panasonic President and CEO Manish Sharma […]

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Brookfield set to acquire Axis Energy’s two wind farms: Report

Canada based firm Brookfield Asset Management Inc is gearing up to acquire Hyderabad-based Axis Energy’ two wind farms for INR 500 crore, reports ET citing sources. When acquired this will be Brookfield’s first direct acquisition in the renewable energy space in India. The firm back in 2017 acquired SunEdison’s solar yieldco TerraForm Global Inc, which […]

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Renewable energy is taking strides towards a subsidy-free era: EY report

EY in its 53rdRenewable Energy Country Attractiveness Index (RECAI) revealed that the renewable energy sector is entering a new phase of subsidy-free growth across the world. Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a […]

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Energy investment has risen most rapidly in India: IEA

Aloha! India now carries the much awaited tag of the fastest growing energy market in the world. According to the International Energy Agency (IEA) investment in the energy sector in the country grew at a rate of 12 per cent in 2018 — the highest growth rate as compared to any other country. “Energy investment […]

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‘Step-change’ in energy investment needed to meet climate goals: IEA

The world must double spending on renewable power and slash investment in oil and coal by 2030 to keep the Paris climate treaty temperature targets in play, the International Energy Agency (IEA) said Tuesday. For that to happen, however, trend lines on both fronts moved in the wrong direction last year, the agency reported in […]

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India to add 80 GW of renewable energy capacity in next 5 yrs: Survey

India is expected to add about 80 gigawatts (GW) of renewable energy capacity in the next five years, according to a survey. About 47 GW will be from utility scale solar, 21 GW from wind, 8 from rooftop solar and 3 GW from floating solar projects, the survey by consultancy Bridge To India, in which […]

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