asia

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Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have...

February 27, 2024

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Arshreet Singh

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Markets & Policy

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Mercom Research Focus
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ADB Launches New Financing Program to Accelerate Climate Action in APAC

The Asian Development Bank (ADB) has announced a new financing program for the Asia Pacific (APAC), which will significantly help the region accelerate actions required...

May 3, 2023

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Gourav Mishra

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Other

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Renewable Energy
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A Decarbonized Global Energy System by 2050 Could Result in Savings of $12 Trillion

Transitioning to a decarbonized energy system by around 2050 will save the world at least $12 trillion compared to continuing our current levels of fossil fuel use,...

September 19, 2022

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Vijayalakshmi Sridhar

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Other

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Renewable Energy
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Husk Power Secures ₹310 Million in Debt Financing to Expand Solar Microgrids

Husk Power Systems, a renewable energy company working towards rural electrification, announced that it has secured ₹310 million (~$4.2 million) in debt financing from...

February 17, 2022

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Harsh Shukla

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Finance and M&A

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Solar
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Renewable Power to be 12% to 29% Cheaper than Fossil Fuel in India, China, Australia: Report

India, China, and Australia are the top three countries where renewable energy is cheaper by 12% to 29% compared to the lowest-cost fossil fuel, Wood Mackenzie, a...

January 18, 2022

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Harsh Shukla

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Other

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Renewable Energy
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EDP Renewables Acquires Majority Stake in Sunseap at $815 Million Valuation

EDP Renewables (EDPR), a Spain-based renewable energy company, has acquired a majority stake in Singapore-based solar energy company Sunseap. The deal values Sunseap at...

November 3, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019-...

October 14, 2021

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Harsh Shukla

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Finance and M&A

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Other
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Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, TotalEnergies, VINCI, and other international companies have come together to sponsor the creation of the world’s largest fund exclusively dedicated to...

October 5, 2021

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Harsh Shukla

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Finance and M&A

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Other
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DNV Issues Guidelines to Mitigate Impact of Earthquakes on Wind Power Projects

Norwegian independent energy expert and assurance provider DNV has published a recommended practice, ‘Seismic Design of Wind Power Plants,’ aimed at guiding...

September 16, 2021

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Arjun Joshi

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Uncategorized
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Global Offshore Wind Installation Totaled 6.1 GW in 2020

In its recent report, the Global Wind Energy Council (GWEC) said that the global offshore wind installation stood at 6.1 GW in 2020, a slight decline compared to 6.24 GW...

September 15, 2021

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Harsh Shukla

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Wind
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SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

Social Investment Managers and Advisors (SIMA) has launched the Energy Access Relief Fund (EARF) with a first close of $68 million and a target closing of around $84...

September 3, 2021

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Staff

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Markets & Policy

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Solar
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Offshore Wind Segment to be the New Hiring Haven for Energy Jobs: Report

The offshore wind energy segment will be the new hiring haven for energy jobs, according to Rystad Energy analysis. Demand for offshore wind staff will triple by the end...

February 23, 2021

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Staff

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Wind
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Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030: Report

Renewable power in India is expected to be 56% cheaper than new-build coal by 2030, according to a report published by Wood Mackenzie, a United Kingdom-based research...

December 1, 2020

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Nithin Thomas

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Other

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Renewable Energy
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ADB Approves $300 Million for Facilitating 110 MW of Geothermal Power in Indonesia

The Asian Development Bank (ADB) has approved a loan of $300 million (~₹22.4 billion) to help PT Geo Dipa Energy (GDE), an Indonesian state-owned company, to expand its...

June 10, 2020

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Rakesh Ranjan

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Other

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Other Energy
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Myanmar Announces Tender to Develop Over 1 GW of Solar Projects

Myanmar’s Ministry of Electricity and Energy (MOEE) has invited bids for the implementation of 1.06 GW of ground-mounted solar power projects from independent power...

May 20, 2020

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Nithin Thomas

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Solar

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Tenders & Auctions

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