Rooftop Solar Companies Worst Hit Due to COVID-19 Pandemic: Report

“Smaller rooftop players don't have the financial capacity to bear losses or meet extra working capital requirements. They are also unlikely to get any financial assistance from the government or banks,” said Vinay Rustagi, Managing Director of renewable energy consultancy firm Bridge To India (BTI)

Renewable energy / Solar PV | 06/04/2020 | By Moulin

United Nations COP26 Climate Change Conference Deferred to 2021 Over COVID-19 Concerns

"In light of the ongoing, worldwide effects of COVID-19, holding an ambitious, inclusive COP26 in November 2020 is no longer possible," the government said in a statement, adding that dates for a rescheduled conference in 2021 would be announced later

Business | 02/04/2020 | By Moulin

Variable Renewable Energy Technologies to Back 60 Percent in Power Generation by 2050: IRENA

However, the system value of storage is often poorly accounted for in electricity markets, resulting in the sub-optimal deployment of electricity storage. Based on a recent analysis by IRENA, the share of renewables in global power generation is expected to grow from 25 percent today to 86 percent in 2050

Business | 02/04/2020 | By Moulin

GCL System Integration Plans World’s Largest PV Module Factory Worth 60 GW in China

The project will be developed in four phases, with the first 15 GW stage to be launched this year, the company said. It will build the other phases by the end of 2023, depending on sales and production capacity

Renewable energy / Solar PV | 30/03/2020 | By Moulin

Coronavirus Pandemic Will Drive Responsible (ESG) Investing ‘Skywards’: deVere Group

The prediction from the boss of deVere Group, which has more than $12bn under advisement, comes as Bloomberg analysis reveals that the average Environmental, Social and Governance (ESG) fund fell by half the decrease registered by the S&P 500 Index over the same period during the Covid-19 crisis

Business | 27/03/2020 | By Moulin

Renew Power Pledges Rs.20 Crores in Fight Against COVID-19

Out of this, Rs. 10 crores. will be contributed to the PM CARES fund, and Rs. 5 crores will go towards the Chief Minister’s relief fund in various states. The rest will be spent on several activities targeted to directly help communities impacted by the lockdown and to bolster the health infrastructure to tackle the pandemic

Business | 08/04/2020 | By Moulin

Investments in New European Wind Farm Projects May Face Delays in 2020: WindEurope Report

When refinancing, procurements and other transactions related to prevailing wind farms was included, total investment in 2019 in Europe was 52 billion euros, 5 billion euros less than in 2018, the group said in its annual report

Renewable energy / Wind Power | 08/04/2020 | By Moulin

AfDB Provides €12.46 Million for Development of Renewables in São Tomé and Príncipe, Africa

The five-year-long program is expected to cost around €13 million (~₹1.09 billion), of which €550,462 (₹46.2 million) has been provided by the Santomean government to promote green growth and sustainable development of the electrical network of the country.

Business | 08/04/2020 | By Moulin

Alfa Laval Launches Innovative Path-Breaking Heat Transfer Technology for Heavy Industry Duties

The new Alfa Laval Compabloc+, which can handle significantly higher pressure, is a more energy-efficient alternative to the traditionally used technology in the demanding refinery and petrochemical industry

Business | 08/04/2020 | By Moulin

USA Moderates Wind, Solar Installations Projection for 2020

The agency now anticipates the US to install 19.4 GW of wind and 12.6 GW of utility-scale solar capacity in 2020, down by 5% and 10%, respectively, from its previous Short-Term Energy Outlook (STEO). Renewables will remain the fastest-growing source of electricity generation for the year

Business | 08/04/2020 | By Moulin

Siemens and Uniper Join Forces to Decarbonize Power Generation

The focus of the planned cooperation in the production and use of “green hydrogen” – in other words, hydrogen from renewable energy sources. The companies intend to implement projects in this field together, addressing the entire value chain

Renewable energy / Hydrogen / Fuel Cells | 08/04/2020 | By Moulin

SolarEdge Launching Interactive, Virtual Solar Show

During the 2-day online solar show, SolarEdge will present its newest commercial and residential smart energy solutions in its virtual booth, offer personal meetings with its team of experts and management, give online lab tours from its headquarters, and provide both training sessions and thought-leadership presentations

Business | 08/04/2020 | By Moulin

Tata Motors Adopts A 3 Pronged CSR Approach to Combat COVID-19

Various interventions by the company to facilitate the production of protective gear and medical kits. The provision and supply of essentials to the communities that are on ground-zero and to the lower social strata of the society that is most impacted by the lockdown

Business | 08/04/2020 | By Moulin

COVID-19 Pandemic Threatens to Impede India’s Solar Energy Plans: GlobalData

“The pandemic has caused major trouble for the solar components supply chain. This, in turn, has negatively impacted the projects in the pipeline, raising questions over the deadline within which these projects are to be completed."

Renewable energy / Solar PV | 08/04/2020 | By Moulin

Longroad Energy Completes Financing for 215 MWdc Little Bear Solar Projects

Additionally, two Danish pension funds, PKA and PenSam, represented by their investment manager AIP, announced that they are investing in 50 percent of the equity interests of both Little Bear Solar and Prospero I Solar, the 379 MWdc projects in Andrews County, TX

Business | 07/04/2020 | By Moulin

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