US’ Inflation Reduction Act Creates Over 100,000 Green Jobs in Six Months
Six months after the United States (U.S.) passed the Inflation Reduction Act (IRA) in August 2022, clean energy companies have announced more than 101,036 new green jobs in 31 states ...
IEX Traded 347 MU of Green Energy in January 2023, Up 24% YoY
The Indian Energy Exchange (IEX) traded 347 million units (MU) of renewable energy in January 2023, an increase of 24% year-over-year (YoY). However, the volume declined by 8% month-over-month (MoM) ...
India Aims at 9-Fold Jump in Public EV Charging Stations by 2030
The government aims to install a total of 46,397 public charging stations (PCS) for electric vehicles (EV) in nine major cities by the end of the decade. The information was ...
Adani Enterprises to Return Abu-Dhabi-Based IHC’s $400 Million Investment
(This article updates the previous story from January 31, 2023, to include Adani's announcement of FPO withdrawal) Adani Enterprises will return the recently announced investment of AED 1.4 billion (~$400 ...
Greenko to Source 28 Units of 5 MW Electrolyzers for Green Ammonia Plant
Hyderabad-headquartered Greenko Group has entered into a partnership with Belgium-based engineering company John Cockerill for the supply of 140 MW alkaline electrolyzers for large-scale applications. The electrolyzers will be used ...
West African States Kick Off $311 Million Project to Boost Renewables
The new Regional Emergency Solar Power Intervention Project (RESPITE) has commenced operations in Freetown, Sierra Leone, to expand electricity access to millions of consumers in Chad, Liberia, Sierra Leone, and ...
Renewable Industry Says Budget Proposals Will Expedite India’s Energy Transition
Renewable energy and green mobility sector stakeholders have welcomed the Budget 2023 proposals laid out by Union Finance Minister Nirmala Sitharaman. The allocation for capital expenditure, an emphasis on improving ...
DISCOMs Owed ₹329 Billion to Power Generators as of January 2023
Distribution companies (DISCOMs) owed power generators ₹329.72 billion (~$4 billion) in overdue payments for the monthly billing cycle at the end of January, according to Ministry of Power data. The ...
EU Seeks to Counter US and China with a €250 Billion Green Deal Industrial Plan
The European Commission has published the Green Deal Industrial Plan based on the idea of developing a ‘Single Market,’ which will utilize €250 billion (~$274.96 billion) of existing EU funds ...
Month in a Minute: Top Headlines from Indian Renewable Sector in January 2023
Here is a recap of important headlines from January 2023: India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 ...
Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF
Total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next three ...
Government Amends Green Energy Open Access Rules to Align with Regulations
The Ministry of Power (MoP) has issued the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023, under which it has added provisions for the banking settlement ...
Focus on Green Energy Transition at the Core of Union Budget 2023
The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven pillars for Budget 2023 ...
SECI Pays ₹7.91 Billion to Solar and Wind Developers in November
The Solar Energy Corporation of India (SECI) has released ₹7.91 billion (~$96.6 million) in payments to solar and wind power generators for the power purchased in November 2022. The disbursal ...
Economic Survey 2023: India Eyes Private Investment to Finance Net Zero Goal
The Economic Survey 2022-23, which was tabled in the Parliament today ahead of the budget sessions, said that India has become a popular investment destination for renewables over the last ...
STT GDC India to Buy Renewable Energy From O2 Power Under Open Access
ST Telemedia Global Data Centers India (STT GDC India) said it will buy power through open access under the captive mode from O2 Power, a subsidiary of O2 Energy SG ...
Canadian Solar to Expand Solar and Battery Storage Capacity in China
CSI Solar, a wholly-owned subsidiary of solar module maker Canadian Solar, has entered a multi-year investment agreement with the municipal government of Yangzhou City in Jiangsu Province of China for ...
US-based Corporations Procured 20 GW of Clean Energy in 2022
Even as power purchase agreement (PPA) prices increased, corporations in the United States procured nearly 20 GW of clean energy in 2022. Cumulatively, 326 companies contracted 77.4 GW of clean ...
Battery Maker Amara Raja’s Q3 Net Profit Rises 52% YoY on Robust Demand
Amara Raja Batteries recorded a net profit of ₹2.21 billion (~$27.09 million) in the third quarter (Q3) of the financial year (FY) 2022-23, a 52% YoY increase from ₹1.45 billion (~$17.77 ...
Vedanta to Source 691 MW of Renewables Through Open Access
The Vedanta Group said it will source 600 MW of solar and 91 MW of hybrid renewable power through open access under the captive mode for its various operations across ...
Solar Accounts for 15% of Installed Power Capacity in 2022; Coal Drops Below 50%
At the end of the calendar year (CY) 2022, India's renewable energy capacity, including large hydroelectric projects, made up 40.75% of the country's cumulative power capacity, with 166.9 GW, according ...
Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally
Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
US Lawmakers Seek Repeal of Duty Waiver on Solar Panels from Southeast Asia
Seven months after President Joe Biden announced a two-year duty exemption on solar modules and cells imported from four Southeast Asian countries, a bipartisan group of Congressmen is seeking to ...
ACME Partners with Norfund to Develop Renewable Energy Projects in India
ACME Group and Norwegian investment fund Norfund will co-invest in the development of greenfield renewable power projects in India. Norfund invests in developing countries and manages the Norwegian Climate Investment ...
Consumers with Smart Energy Meters Must be Billed on Actual Load: Minister
Union Minister of Power and New & Renewable Energy R.K. Singh has advised states to ensure that no penalty is levied on any consumer for higher load discovered after the ...
