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U.S. installed 26 gigawatts of new clean power in 2020; 170 GW of capacity enough to power 50 million homes Industry employs 415,000 Americans and has invested $334 billion in the U.S. economy since 2005 with more growth coming The American Clean Power Association today released its first Clean Power Annual report, which showed wind, utility solar, and battery storage power capacity in the U.S. topped 170 gigawatts (GW), following a record 26 GW of clean energy projects coming online in 2020.
Solar and wind plants can produce green hydrogen with the help of electrolysers, and JSW Energy’s collaboration aligns with its plan to expand the renewable energy share in its portfolio to 85% by 2030 from the current 30%. The country currently consumes about around 6 million tonne of hydrogen nnually. JSW Energy said on Thursday its subsidiary JSW Future Energy has entered into a framework agreement with Australian Fortescue Future Industries to collaborate on green hydrogen production. Solar and wind plants can produce green hydrogen with the help of electrolysers, and JSW Energy’s collaboration aligns with its plan to expand the renewable energy share in its portfolio to 85% by 2030 from the current 30%.
"Low-carbon hydrogen isn't ""cost competitive with other energy supplies in most applications and locations"" and the situation is unlikely to change unless there's ""significant support to bridge the price gap,"" according to the World Energy Council. Published Tuesday, the analysis – which was put together in collaboration with PwC and the U.S. Electric Power Research Institute."
For international investors seeking a piece of India's renewables boom -- and the bankers who sit across the table with them -- all roads go through the country's domestic energy players. That's the message from Bank of America Corp.'s Gaurav Singhal, who leads the busiest team in India's green energy M&A sector in the past 12 months, according to data compiled by Bloomberg. The biggest of the deals saw the U.S. bank advising SoftBank Group Corp.
The solar industry has spent decades slashing the cost of generating electricity direct from the sun. Now it’s focusing on making panels even more powerful. With savings in equipment manufacturing hitting a plateau, and more recently pressured by rising prices of raw materials, producers are stepping up work on advances in technology — building better components and employing increasingly sophisticated designs to generate more electricity from the same-sized solar farms.
Gujarat is making rapid strides into the renewable energy (RE) sector with a slew of mega green energy projects. These projects relate not just to electricity generation but also to equipment manufacturing. Backed by policy initiatives and strong investor support, Gujarat’s renewable power generation capacity is expected to jump to 38,466MW by 2025 and 61,466MW by 2030, according to the state government’s estimates.
Chiranjeev Saluja is scaling up. In April 2021, when CarbonCopy spoke to him, installed capacity at his solar module and cell manufacturing company, Telangana-based Premier Energies, stood at 500 MW. That was set to change. “We are opening a new unit producing modules worth 750 MW next month,” said the firm’s founder and managing director. “With that, our scale will go up to 1.25 GW in modules and 500 MW in cells.”
The lockdown in India led to hundreds of thousands of workers in cities returning to their hometowns. With most jobs concentrated in urban regions, their exodus highlighted the precarious employment situation for millions in rural India. Even before the pandemic, jobs were a challenge. In 2019, the unemployment rate in India was the highest in 47 years.
Now may be the perfect time to buy shares in green energy giant Ørsted, analysts at Swiss bank UBS said on Wednesday, with winds of change picking up even as the stock has tumbled more than 30% in 2021.Pressure on the renewables sector since February, amid a dampening of market sentiment on clean energy and other growth stocks, has recently depressed shares in Ørsted ORSTED.
The agreement was signed between the Government of Sri Lanka and the Export-Import Bank of India.A press statement from the Indian High Commission in Colombo said, ‘India has become the first country to partner with Sri Lanka in fulfilling the vision of the President of Sri Lanka, Gotabaya Rajapaksa, to ensure that 70% of Sri Lanka’s national power requirements are fulfilled by renewable energy sources by 2030,”
According to a new report published on Thursday, Maharashtra could save as much as ₹75,000 crore in the next decade by implementing three steps in its energy sector: shutting down old coal power plants by 2022, halting the construction of a new unit at the Bhusawal thermal power plant (which is in surplus to the state’s requirements) and replacing coal contracts with cleaner alternatives over the next 10 years.
So-called "green" hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity by 2035.
Shares of renewable energy stock Orbital Energy Group (NASDAQ:OEG) jumped as much as 21.5% on Wednesday after announcing a new solar project. At 11:15 a.m. EDT today, shares were up 15.4% and holding steady for the day.Orbital Energy Group's subsidiary Orbital Solar Services was selected to be the engineering, procurement, and construction (EPC) provider for a 137 megawatt project in Arkansas.
Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.The new analysis, published today (9 June) as part of a collaboration with the World Economic Forum (WEF) and World Bank, assesses the investments made in renewable generation, nuclear generation, biofuel generation and related technologies in recent years.
KKR & Co.'s Independence Energy and Contango Oil & Gas Co. are near an agreement to combine in an all-stock deal that could value the new business at about $5.5 billion, including debt. The aim is to expand the combined firm's oil and gas footprint. The new company, which will be based in Houston and operate under a new name and ticker symbol, plans to seek a listing on the New York Stock Exchange.
West Texas Intermediate futures surpassed the $70 mark to close at its highest since Oct. 2018 after briefly touching the key psychological level earlier this week. Investors focused on the health of the U.S. market ahead of inventory data.
Indonesia’s oil reserves will run out in about 10 years, assuming no new reserves are discovered. Natural gas is also estimated to be exhausted in approximately 22 years with existing reserves at 77.3 trillion cubic feet. Meanwhile, coal reserves of 37.6 trillion tonnes will be exhausted within 65 years if exploited at the same scale as today.
The world is looking for alternate sources of energy because our non-renewable energy deposits are limited and depleting fast. Therefore, companies like the Sunbuy Renewables Private Limited, which is one of the biggest EPC firms in Western India, is what the future needs. Sunbuy, currently working in the B2B segment, has its own management tools for processing Solar Power Plant assets and presently, it has 50MW of projects in hand.