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Vibrant Gujarat: MoUs worth over Rs 1 Lakh Cr Inked in Renewables

Post completion, this is expected to create over 10,000 jobs by 2020 and 2021, said officials. In an effort to provide further boost to the renewable space, the Memorandum of Understanding (MoUs) proposing investment of more than Rs 1 lakh crore were inked on the final day of the Vibrant Gujarat Summit (VGS). Post completion, […]

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Abu Dhabi’s Masdar Eyes Minority Stake in Hero Future Energies

Asian energy producers including Petronas of Malaysia, Masdar and Singapore’s Sembcorp are in separate discussions to acquire a minority stake in Hero Future Energies Abu Dhabi’s Masdar Clean Energy has thrown its hat into the ring  for a minority stake in Hero Future Energies. It has entered into exclusive talks to acquire a 30-35% stake […]

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U.S. Energy Storage Market size to exceed $4 Bn by 2024

The U.S. energy storage market is anticipated to continue its exponential growth graph as storage continues to get cheaper, out-competing other resources. U.S. Energy Storage Market is set to grow from its current market value of more than USD 400 Million to over USD 4 Billion by 2024; according to a new research report by Global […]

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Clean Energy Investments in 2018 Exceed $300 Bn with Decline in Solar Commitments: BNEF

Even with PV additions crossing the 100 GW mark for the first time, Solar commitments declined 24 percent ($ value) in 2018. According to figures issued by research company BloombergNEF (BNEF), Global clean energy investment totaled $332.1 billion in 2018, marking the fifth consecutive year that investments crossed the $300 billion mark. However, investments in […]

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Gujarat Sets Sight for 30 GW Renewables in Next 10 Years

The Gujarat government is planning a Rs 2,20,000 crore investment in the renewable energy sector to produce 30 GW of renewable energy during the next 10 years. By 2022, the state government aims to increase the generation of renewable energy to 53% of the total power production in the state, from a current 28% said […]

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Huawei Supplies 1500V Smart PV Soln for Solar Plant in Saudi Arabia

The plant is expected to be completed in October 2019. Power projects developer ACWA Power has chosen Huawei, as the sole supplier of inverters to integrate FusionSolar 1500V Smart PV Solution, including the SUN2000-90KTL string inverter and cutting edge FusionSolar Smart PV Management System in Saudi Arabia’s first large-scale ground-mounted PV plant. ACWA Power won […]

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Duke Energy’s Hamilton Solar Power Plant opens in Florida, providing more carbon-free energy for Sunshine State customers

Duke Energy today announced the completion and operation of its new 74.9-megawatt (MW) Hamilton Solar Power Plant in Jasper, Fla. The plant’s carbon-free power is enough to energize more than 20,000 homes at peak production. Across Duke Energy’s Florida service territory, the company’s 1.8 million customers — and the environment — are now benefiting from approximately 300,000 solar […]

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Vibrant Gujarat to See RE Deals Worth Rs 50,000 Cr

Gujarat Power Corp Ltd, owned by the Gujarat government, will be laying the foundation stone for one of the biggest solar power park. The 9th edition of the Vibrant Gujarat Global Summit 2019 (VGGS) which is happening from January 18th to 20th, 2019, is expected to witness investment commitment of a massive Rs 50,000 crore […]

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