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Global Wind Technology Tenders Down 26 percent in Q3 2019

Wind technology tenders activity in Q3 2019 saw a drop of 26 percent over the last four-quarter average of 58. Wind technology tenders activity in Q3 2019 saw 43 tenders announced, marking a drop of 26 percent over the last four-quarter average of 58, according to a new analysis. According to GlobalData’s power industry tenders […]

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Global Solar Tender Activity Down 26 Percent in Q3 of 2019

Solar technology tenders activity in Q3 2019 saw 314 tenders announced, marking a drop of 26 percent over the last four-quarter average of 427. Solar technology tenders activity in Q3 2019 saw 314 tenders announced, marking a drop of 26 percent over the last four-quarter average of 427, according to GlobalData’s power industry tenders database. […]

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100 Percent Renewable Energy Deal Struck for Sydney

A new agreement will ensure all City of Sydney operations, including depots, buildings, and the Town Hall, will be powered by 100 percent renewable energy A new agreement with innovative energy company Flow Power will ensure all City of Sydney operations, including pools, sports fields, depots and buildings, including the historic Sydney Town Hall, will […]

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Chile Predicted to Have 50 Percent RE in its Energy Mix by 2030

Renewable energy is expected to comprise 50 percent in the Chile power mix by 2030, according to a new report by GlobalData Renewable energy, the only way forward to the global climate change mitigation and environmental requirements, is expected to comprise 50 percent in the Chile power mix by 2030, according to a new report. […]

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REC Sales Down 61 Percent in July

Sale of REC declined by 61 percent to 6.29 lakh units in July as compared to 16.18 lakh in the same month a year ago due to lower supply Sale of renewable energy certificates (REC) declined by 61 percent to 6.29 lakh units in July as compared to 16.18 lakh in the same month a year ago […]

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GST on EV Chargers Brought Down to 12 Percent

The GST council held on June 21, 2019, has approved the reduction of GST on EV chargers to 12 percent, down from 18 percent previously. The Goods and Services Tax (GST) council held on June 21, 2019, has approved the reduction of GST on electric vehicle (EV) chargers to 12 percent, down from 18 percent […]

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UPERC Approves RFP and PPA For Procurement of 500MW Solar Power

UPERC approves a petition filed by UPNEDA and UPPCL seeking approval of RFP and PPA of 500 MW power from solar power projects. The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a petition filed by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and Uttar Pradesh Power Corporation Ltd. (UPPCL) seeking approval […]

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Pharma Major Cipla Acquires 26 Percent Stake in AMPSolar Owned Local SPV

The acquisition is expected to be completed by June 12, 2019. Cipla has invested Rs 12.9 crore for the 26 percent stake in the SPV. Indian multinational pharmaceutical and biotechnology company, Cipla, has announced the acquisition of a 26 percent minority stake in AMPSolar Power Systems Pvt. Ltd. (AMPSolar), a wholly owned subsidiary of AMPSolar […]

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Iberdrola Posts First Quarter Profit Increase of 15 Percent

The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […]

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