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Finland, Luxembourg Commit For EU’s Renewable Energy Financing Mechanism

The implementation of the EU renewable energy financing mechanism has taken an important step forward as binding commitments have come from Finland and Luxembourg who will now take part in a cross-border tender for renewable energy. The announcement by the two countries follows an invitation by the Commission to all EU countries last year to […]

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Finland’s Wind Energy Saw 75% Surge in 2022

As per the Finnish Wind Energy Association (FWPA), the wind power capacity of Finland witnessed a 75% surge in 2022. Of this, nearly half of it was owned by Finland domestically. “Wind power is now increasing our country’s energy self-sufficiency at a really good pace – just when new and affordable electricity production is most […]

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Dutch Ignore Warnings, Impose ‘Super Profits’ Ceiling On Solar Power

India’s ‘windfall profits’ levy on oil refining firms has found an echo in Netherlands. Except that the Dutch have proposed a price ceiling on renewable energy producers to curb excess profits. The government of the Netherlands announced a €130/MWh (US$136) profit ceiling for solar and wind generation as part of the EU’s established ‘intramarginal levy’ […]

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Ministry of Power Launches Scheme for Procurement of Aggregate Power of 4500 MW

The Ministry of Power has launched a scheme for procurement of aggregate power of 4500 MW on competitive basis or five years on Finance, Own and Operate (FOO) basis under B (v) of Shakti policy. PFC Consulting Limited (a wholly owned subsidiary of PFC Ltd) has been designated as the nodal agency by the Ministry […]

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Deloitte Report: ‘Electric Power Supply Chains: Achieving Security, Sustainability, and Resilience’

A study entitled “Electric Power Supply Chains: Achieving Security, Sustainability, and Resilience” has been released by Deloitte India. Operations in the majority of businesses have been impacted by several supply chain interruptions over the past two years. The electric power industry is also not an exception. Even before the recent disruptions brought on by the […]

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Sympower Funding Crosses EUR 25 Mn to Help RE Expansion, Power Networks in Europe

The total funding of the Amsterdam-based Sympower has reached to EUR 25 million as the start-up in climate tech has received a fresh funding of EUR 3 million as the company delves in technology that helps to balance the supply and demand of electricity across networks. The start-up is expected to expand across Europe. The […]

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Germany To Build First Green Ammonia Import Terminal in Hamburg

Germany’s Germany Trade & Invest (GTAI) has has decided upon the northern city of Hamburg for the country’s groundbreaking new green ammonia landing site.  The operational start is planned for 2026. The facility will be a milestone for Germany’s efforts to decarbonize industry by the employment of hydrogen. German Minister for Economic Affairs and Climate […]

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Learnings From the $12 billion Brookfield Bid For Australia’s Origin Energy

Global investment management firm Brookfield’s $11.8 billion bid that is also supported by the target firm’s board is a clear indication of the volume and direction of money chasing renewable energy assets and growth. Origin energy, which has 4.5 million customrs in Australia, has comitted to a phase out of its non renewable assets. “The […]

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