Clean Energy

KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’

KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […]

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How India has Become the World’s Largest Clean Energy Auction Market: BNEF

BNEF has released a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market Bloomberg Philanthropies and BloombergNEF (BNEF) released “India’s Clean Power Revolution,” a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market – and a model […]

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Clean Energy Investments the Ideal Route for COVID-19 Recovery in APAC: ADB

More and consistent investments in clean energy infrastructure will contribute to APAC’s recovery from COVID-19 and make economies more resilient More and consistent investments in clean energy infrastructure will contribute to Asia and the Pacific’s (APAC’s) recovery from the coronavirus disease (COVID-19) pandemic and make economies more resilient against similar future shocks, participants at the […]

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Majority of Clean Energy Technologies Failing to Keep Pace: IEA

A new assessment finds that a majority of clean energy technologies are failing to keep pace with long-term climate, air pollution and energy access goals. A new assessment of clean energy transitions finds that a majority of technologies and sectors are failing to keep pace with long-term climate, air pollution and energy access goals. And […]

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We are on Track to reach 2 GW Renewable Development in India: Harmanjit Nagi

We are strongly committed to renewable development in India, with 2GW of renewable capacity targeted by 2022 through wind, solar and hydro projects. I’m happy to say we are on track to reach this target. Thanks to new opportunities in 2019 and early 2020, we now have significant pipeline of renewable projects under development: 1 […]

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EU Commits to Clean Energy in COVID-19 Recovery Strategy

The EU has pledged to stay away from fossil-fueled projects in its COVID-19 recovery strategy, but environmental groups said they were unimpressed. The European Commission (for the EU) has pledged to stay away from fossil-fueled projects in its coronavirus (COVID-19) recovery strategy and to stick to its target of making Europe the first climate-neutral continent […]

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COVID-19: 155 Global Corporations Jointly Urge World Leaders for Net-Zero Recovery

In the largest-ever UN-backed CEO-led climate advocacy effort, major multinationals reaffirm their own science-based commitments to achieving zero-carbon economy and call on governments to match their ambition. The 155 global corporations, with a combined market capitalization of more than USD 2.4 trillion and representing more than 5 million employees, have signed a statement urging governments […]

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Nearly 600,000 Clean Energy Jobs Lost in the US due to Pandemic: Report

A new report has revealed that April saw at least 447,200 new clean energy jobs lost, bringing the total to 594,300 since the beginning of the pandemic. A report tracking the impact of the Coronavirus pandemic on US employment has revealed that April brought clean energy job losses triple those seen in March, for an […]

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