A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse. Buyers will increasingly turn away from traditional long-term contracts in favor of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd. More …
Read More »India Overstretches in Trying to Counter China’s Solar Industry
India’s leading renewable energy developer, ReNew Energy Global PLC, has reportedly planned to switch its strategy, from growth based on China’s raw material supply to seek independent development, which has been viewed as India’s move to “counter China” in the sector. Until recently, ReNew Energy and other Indian renewable energy …
Read More »Abu Dhabi’s Masdar Gets Cracking with Its First Wind Farms in Poland
Abu Dhabi’s renewables energy company Masdar has commissioned its first wind farms in Poland. These ‘farms’ are jointly owned with Taaleri SolarWind II Fund. In January, Masdar and Taaleri SolarWind II Fund each acquired a 50 per cent stake in the projects, marking their first investment in the Polish renewable …
Read More »Offshore Wind Projects Increase Significantly in 2021
The world’s wind project pipeline increased significantly from the second quarter and fourth quarter of this year as efforts to mitigate climate change spur the adoption of renewables, according to a report by Fitch Solutions. The pipeline of wind projects has risen sharply to 423 gigawatts from 320 gigawatts in …
Read More »IEA Sees Renewables Overtaking Fossil Fuels and Nuclear by 2026
A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide. Renewables have grown quickly in recent years, but are now entering a faster phase of …
Read More »Amazon Aims to Make AWS the Greenest Cloud Option with Investments in Renewable Energy Projects
Amazon announced its plans to scale up investment in renewable energy projects to power most of its business operations via renewable energy. At its AWS re:Invent 2021 event in Las Vegas, the company announced 18 new renewable energy projects, primarily wind and solar, across countries such as Finland, Germany, Italy, …
Read More »Sinopec Breaks Ground on $470m PV Green Hydrogen Project in China
China Petroleum & Chemical (Sinopec) has broken ground on a CNY3bn ($470.77m) photovoltaic (PV) green hydrogen production project in Kuqa, Xinjiang, China. Dubbed as Sinopec Xinjiang Kuqa green hydrogen pilot project, the facility is expected to produce 20,000 tonnes per year of green hydrogen after its completion. Sinopec is targeting …
Read More »US Greenlights Second Major Offshore Wind Project
Just a few days after the go-ahead of a giant commercial-scale offshore wind project off the coast of Martha’s Vineyard in the US state of Massachusetts, the US Interior Department approved the second major offshore wind farm. The approximately 130MW South Fork Wind project will be located 19 miles southeast …
Read More »Germany Plans to Install 30GW of Offshore Wind Capacity by 2030
Germany’s new coalition government has reportedly set a target of installing 30GW of offshore wind capacity by 2030, up from the country’s previous target of 20GW. The coalition agreement signed by the Social Democrats, Greens and Free Democrats pledges to install 40GW of offshore wind capacity by 2035 and 70GW …
Read More »China’s Installed Clean Energy Capacity Registers Rapid Growth
China’s installed capacity of renewable energy power generation reached 1 billion kilowatts (kWs) by the end of October, accounting for 43.5 percent of the total installation, data from the National Energy Administration (NEA) showed Saturday. The 1 billion-kW threshold doubled the figure at the end of 2015, the NEA said. …
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