Fossil Fuels

Indonesia Mulls Over Six-Month Plan to Accelerate Pvt Investment in RE

Indonesia is now bullish on a national plan with regards to renewable energy. The country is looking to accomplish the plan in six months manifesting investments that will expedite the country’s transition to renewable energy from fossil fuel-based power supply. As per reports, the new plan is part of the $20 billion Just Energy Transition […]

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PE Investments in Electrical Vehicles Could Reach $1 Billion in 2022

As consumers see new policy measures and the rising price of fossil fuels pushing the adoption of green mobility, experts predict that private equity investments (PE Investments) in India’s electrical vehicle (EV) market could top $1 billion this year. During the nine months leading up to the end of September, investors invested $904 million through […]

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IRENA Study Calls Renewable Pathway More Cost Effective than Fossil Fuels in Indonesia

A new study by the the International Renewable Energy Agency (IRENA) states that Indonesia’s untapped potential for renewable energy can  help meet the growing demand and prove to be more cost effective when compared to its dependence on domestic and imported fossil fuels. The report entitled Indonesia Energy Transition Outlook, which has been jointly put […]

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SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only

Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […]

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Coal Mining Company NLCIL Signs MoU For RE Projects With APDCL

A Memorandum of Understanding (MoU) has been signed by coal mining company NLC India Ltd and Assam Power Distribution Company Limited (APDCL). It may be noted that Tamil Nadu based NCL India Ltd and APDCL- fully owned by the Assam Government, are Navratna public sector organisations. According to the agreement, the objective of the MoU […]

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Germany Looks At Rapid Renewable Energy Expansion

The German government is looking to come up with a major package of reforms that would give speed to renewable power generation. Speaking in a renewable energy industry event, German Chancellor Olaf Scholz has said that his government wants to end supplies of fossil fuels from Russia considering its armed conflict with Ukraine. The European […]

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NLC issues tender for 100 MW ISTS-connected solar projects

Chennai-based thermal energy giant NLC India has issued a tender to set up 100 MW ISTS (Inter State Transmission System) connected solar power project on pan India basis with Operation & Maintenance (O&M) for 3 years. NLC India Limited is a government-owned-fossil fuel miner and thermal power generator under the ownership of Ministry of Coal, […]

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