Author: Khushboo Goyal

Australia to remain an attractive investment hotspot for renewables

Australia to remain an attractive investment hotspot for renewables

April 11, 2021 |

Both domestic and foreign investors point to a slightly more favourable outlook for state versus federal policy, APAC-based investors in particular (96%). European investors are the notable exception with 66% expecting state policies to be supportive versus 81% for federal policies. Australia-based investors are marginally less positive about government support than they were in the previous survey with 91% anticipating supportive policies from state government and 85% from federal government, versus 90% overall (federal and state) in the 2019 study.

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US-based Swift Current Energy to sell majority ownership to Buckeye Partners and Nala Renewables

US-based Swift Current Energy to sell majority ownership to Buckeye Partners and Nala Renewables

April 9, 2021 |

Buckeye Partners and Nala Renewables will together acquire majority ownership of Swift Current Energy, a North American clean energy development and investment platform. As part of this transaction, Swift Current Energy’s management team will retain a minority ownership in the company through their holding company, Lookout Ridge Energy Partners. The same team will also remain in place as the company’s management.

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Poland awards CfD for 2.5 GW Baltica Offshore Wind Farm

Poland awards CfD for 2.5 GW Baltica Offshore Wind Farm

April 9, 2021 |

The Polish Energy Regulatory Office has awarded a Contract for Difference (CfD) to the Baltica Offshore Wind Farm which is reported to be the largest offshore wind project in the Polish part of the Baltic Sea. Its two phases, Baltica 3 and Baltica 2, would together have a cumulative capacity of up to 2.5 GW. The CfD was awarded at a maximum of PLN 319.60/MWh in accordance with the Decree of the Minister of Climate and Environment of Poland and the Offshore Wind Act.

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India-based ReNew Power targets net zero emissions by 2050

India-based ReNew Power targets net zero emissions by 2050

April 9, 2021 |

India’s leading renewable energy IPP, ReNew Power, has announced its committment to achieve net zero greenhouse gas emissions by 2050. The company’s latest announcement aligns with the ‘Race To Zero’ campaign which is a global alliance committed to achieving net zero carbon emissions through leadership and support from businesses, investors as well as cities and regions.

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PV module recycling policies in the United States

PV module recycling policies in the United States

April 8, 2021 |

With the rapidly increasing solar PV capacity in the U.S. the volume of modules is also expanding significantly and so is the problem of their safe disposal. There has been a growing awareness regarding the recycling of PV modules either to extract their precious metals or to manufacture new modules once the old ones reach their end of life. These concerns have enabled government- and industry-led discussions, policies, and initiatives on recycling-based resource recovery of PV modules in the U.S.

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More than 260 GW of renewable energy capacity added globally in 2020 says IRENA

More than 260 GW of renewable energy capacity added globally in 2020 says IRENA

April 6, 2021 |

According to the latest data released by the International Renewable Energy Agency (IRENA), 2020 witnessed more than 260 GW of renewable capacity additions globally. These massive capacity additions have exceeded the 2019 installations by roughly 50 per cent despite the slowdowns on account of the covid-19 pandemic. In terms of total installed renewable power capacity worldwide, there has been a 10.3 per cent rise when compared to 2019.

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Indian telecom giant Airtel sets up a captive solar plant for powering its data centres

Indian telecom giant Airtel sets up a captive solar plant for powering its data centres

April 6, 2021 |

Indian telecom company Airtel (Bharti Airtel) has commissioned a 14 MWp captive solar plant in the state of Uttar Pradesh. This solar project will help the company to meet the power requirements of its core and edge data centers in the state. The project is in Tilhar the Shahjahanpur district of Uttar Pradesh. Earlier Airtel had acquired a 26 per cent equity stake in AMP Solar Evolution.

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Eco-design and energy labelling for solar PV in the EU

Eco-design and energy labelling for solar PV in the EU

March 31, 2021 |

The European Commission’s policy scenario evaluation concluded that the best way to further regulate PV panels was via a combination of mandatory and voluntary policy instruments. This scenario evaluation considered mandatory instruments such as eco-design measures for photovoltaic panels and inverters, augmented by the use of the Energy Label for residential PV systems, and voluntary instruments such as Green Public Procurement Criteria.

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An Emerging Market: Opportunities and Challenges in Africa’s Solar Segment

An Emerging Market: Opportunities and Challenges in Africa’s Solar Segment

March 27, 2021 |

Africa has seen increasing uptake of solar, especially in the northern part of the continent. In fact, solar power is becoming a popular alternative to fossil fuel-based energy generation and it is supplementing hydropower in countries where water resources are scarce. It is gaining traction across the utility scale, commercial and industrial as well as micro- and mini-grid segments.

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RWE to start construction of the 1.4 GW offshore wind project in UK

RWE to start construction of the 1.4 GW offshore wind project in UK

March 26, 2021 |

RWE has taken the financial investment decision on its 1.4 GW flagship Sofia Offshore Wind Farm project. The 100% RWE-owned project is the largest offshore project in the company’s renewables fleet and represents a total investment of approximately £3 billion. The company will soon begin the construction works with onshore enabling works due to start in spring 2021.

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India’s Tata Cleantech receives JPY 10 billion loan from JICA

India’s Tata Cleantech receives JPY 10 billion loan from JICA

March 26, 2021 |

Japan International Cooperation Agency (JICA) has signed a loan agreement with Tata Cleantech Capital Limited (TCCL), an Indian non-banking financial company. The financing for a maximum amount of JPY 10 billion will help support TCCL to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency. The loan, provided through the Private Sector Investment Finance scheme of JICA is co-financed with the Sumitomo Mitsui Banking Corporation (SMBC).

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Masdar plans to develop 500 MW of solar power capacity in Ethiopia

Masdar plans to develop 500 MW of solar power capacity in Ethiopia

March 22, 2021 |

Abu Dhabi based renewable energy company, Masdar has signed an MoU with the Government of the Federal Democratic Republic of Ethiopia to explore the development of solar power projects across Ethiopia. As part of the agreement, a total solar power capacity of 500 MW is to be developed across the country along with related grid infrastructure.

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TechnipFMC and Magnora to jointly develop floating offshore wind projects

TechnipFMC and Magnora to jointly develop floating offshore wind projects

March 22, 2021 |

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities. They have formed a new venture for this called Magnora Offshore Wind. The joint company, Magnora Offshore Wind, is already operational and will bid in the upcoming first offshore wind application round in Norway.

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Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

March 22, 2021 |

A leading Indian IPP, Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. The funding will be utilised to finance 1.69 GW of solar-wind hybrid projects currently being developed in the Indian state of Rajasthan.

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Can voluntary carbon markets change the game for climate change?

Can voluntary carbon markets change the game for climate change?

March 22, 2021 |

Carbon credits are created in projects where actors implement activities resulting in lower or negative emissions. These credits can be sold by the actor who implemented the carbon reduction and can be traded and purchased by other actors, e.g. companies, to ‘compensate’ for their emissions. The motivations of the actors purchasing these offsets might be to comply with emission standards or regulations, to voluntarily improve their carbon footprint, or to support decarbonization projects.

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Amazon announces a 62 MW solar project in Singapore

Amazon announces a 62 MW solar project in Singapore

March 19, 2021 |

Amazon plans to set up a 62 MW ground-mounted solar project in Singapore. This is the company’s first renewable energy project in Singapore and is expected to be completed in 2022. It will be among the largest aggregated movable solar energy projects in the country and will supply power to the national electricity grid.

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