Tags: wind power

PM Modi calls for focus on alternate energy, economic cooperation at SCO Summit

Prime Minister Narendra Modi on Friday called for greater cooperation among the SCO countries in combatting terrorism, promoting economy, alternate energy and healthcare as he outlined India’s commitment to peace and economic prosperity in the region. Addressing the Shanghai Cooperation Organisation (SCO) Summit here, Modi gave a template, ‘HEALTH’, for strengthening cooperation. “Our vision is to strengthen the healthy cooperation among […]

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Global offshore wind O&M spend to grow to Euro 11 billion by 2028: WoodMac

The global offshore wind operation and maintenance (O&M) market is expected to grow by 17% annually to €11 billion by 2028, according to new research from Wood Mackenzie Power and Renewables. Europe is the largest contributor with €6.7 billion in value while the Asia Pacific region is keeping up the pace in O&M market size […]

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GE lost billions by ‘misjudging’ renewables: Report

Investors in General Electric (GE), once one of the world’s most valuable companies, lost tens of billions of dollars after the Paris climate deal as it failed to adapt to the pace of the green energy transition, new analysis showed Thursday. A report by the Institute for Energy Economics and Financial Analysis (IEEFA) said GE […]

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Former NY City Mayor to plunge USD 500M into clean energy effort

Former New York City Mayor Michael Bloomberg is plunging USD500 million into an effort to close all of the nation’s remaining coal plants by 2030 and put the United States on track toward a 100% clean energy economy. The billionaire Bloomberg’s investment in the Beyond Carbon initiative marks the largest ever philanthropic effort to combat […]

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All you need to know about MNRE’s Preliminary Project Proposals for Gravity Storage

The Ministry of New and Renewable Energy (MNRE) has been supporting a research programme on different aspects of renewable energy and energy storage. With increasing share of renewables, there would be requirement of Energy Storage for absorbing fluctuations and for grid balancing. For different application segments, the demands from the storage system would vary. Gravity […]

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Increasing share of renewables in energy sector poses regulatory risk: Moody’s

The increasing share of renewables in the total energy mix of the country may lead to an increase in regulatory risk for coal-based projects in the long term, global ratings agency Moody’s Investors Service said Monday. The higher share of renewable energy in the total energy mix presents a key regulatory challenge in terms of […]

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Bimstec nations could tap India’s green energy transition: Experts

With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts. The New Delhi-based organisation CarbonCopy said the annual electricity trade potential between South Asian and Southeast Asian countries could be from 65,000 MW […]

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Falling Renewable Power Costs Open Door to Greater Climate Ambition: IRENA

Renewable power is the cheapest source of electricity in many parts of the world already today, the latest report from the International Renewable Energy Agency (IRENA) shows. The report contributes to the international discussion on raising climate action worldwide, ahead of Abu Dhabi’s global preparatory meeting for the United Nations Climate Action Summit in September. With […]

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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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Toshiba, Siemens Gamesa, Blackstone interested in Senvion

Japan’s Toshiba, Siemens unit Gamesa and buyout groups such as Blackstone are interested in buying insolvent German wind turbine maker Senvion, German Manager Magazine said on Tuesday, citing sources close to talks. Senvion was not immediately available for comment.Senvion filed for insolvency in April, but said the objective of the proceedings was to transform the […]

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