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Equis invest $4BN in RE in next 2 years

Singapore-headquartered renewable energy and waste infrastructure developer Equis Development plans to invest over $4 billion in renewable energy projects across the Asia Pacific over the next two years, a top executive said. In addition to renewable energy, Equis will also invest around $2 billion in recycling infrastructure, said its managing director David Russell. In order to fulfil these needs, the com ...

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India’s renewable energy generation capacity has grown 72 per cent in six yrs

Of the renewable energy sources, excluding large hydro above 25 MW, installed capacity of solar energy capacity registered the highest growth The installed capacity of renewable energy generation in the country has grown 72 per cent from 80 gigawatt (GW) to 138.9 GW during the past six years, according to new and renewable energy minister R K Singh. He also added that the foreign direct investments of $6.1 ...

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Coronavirus Disrupting RE Projects

As the coronavirus outbreak rages on, renewable energy is taking a hit. Factory shutdowns in China have disrupted global supply chains for wind turbines and solar panels, with consequences for clean energy progress this year around the world. The spread of COVID-19, now declared a pandemic by the World Health Organization, is expected to slow solar energy’s rate of growth for the first time since the 1980s. ...

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Total Solar Distributed Generation Signs One of Thailand’s Largest Corporate Solar Power Purchase Agreements with Betagro

Total Solar Distributed Generation (DG) will provide agro- industrial company Betagro with solar-powered rooftops for 24 facilities across Thailand. The 25 MWp system will generate an estimated 38 GWh of renewable electricity per year, providing about 15% of the company's total power consumption. Annually, it will reduce CO2 emissions by 26,000 tons, which is equivalent to removing 4,325 cars annually. “Cus ...

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Indonesia should use auctions & not FiT for Renewable goals

Indonesia should enact clean energy auctions, not feed-in tariffs (FiTs), to meet its renewable energy goals, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a new report out last Friday, the think tank hailed the country's recent announcement that it will replace 13GW+ of aging fossil fuel plants with clean energy as a matter of “national priority”, to drive pro ...

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Will India become an Electricity driven economy?

While India is taking small steps towards electrifying vehicles, power minister Raj Kumar Singh believes that the country will eventually become an electricity-based economy, powered by renewable energy. Singh added that the entire power sector is going through a revolution, which will continue in the future as well. Speaking on the sidelines of an event hosted by Energy Efficiency Services Ltd (EESL), Sing ...

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Powerwall puts solar power on a par with conventional electricity

Prices for home power-storage batteries look likely to fall in Japan as U.S. electric car maker Tesla moves to offer its Powerwall batteries here, with major implications for the country's utilities. The Powerwall is much cheaper than competing Japanese products in terms of storage capacity per kilowatt-hour. Taking into account the cost of installing solar panels and other costs, the batteries can make sol ...

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ENGIE Commission 250MW Kadapa Solar Plant

ENGIE  announced the full commissioning of the 250 MW solar project in Andhra Pradesh, India. The 200 MW phase was commissioned ahead of schedule in May 2019 and this milestone supports ENGIE’s ambition to be a major renewables development partner as India becomes one of the fastest growing countries in global energy transition. The remaining 50 MW were recently commissioned to the existing 200 MW capa ...

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Clenergy & Obton close sale of 65MWp Solar Project

Clenergy (Xiamen) Technology Co. Ltd  (Shanghai Stock Exchange: SHA: 608628) (“Clenergy”), a leading high-tech company specialising in solar PV power stations (project business, development, investment and EPC) and Obton, a Danish solar photovoltaic (PV) business specialised in acquisition, development and management of solar projects, closed the sale of a 65 MW solar farm power project in Ganzlin, Germany. ...

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Sunseap secure $50 Million funding

Sunseap Group Pte Ltd has secured a total of $50 million from ABC World Asia, an Asia-focused impact investing private equity fund, and Temasek, a global investment company headquartered in Singapore. Sunseap’s President and Executive Director Mr Lawrence Wu said:”Sunseap was founded on the idea that we could provide attractive clean energy solutions to businesses and individuals on a commercially viable ba ...

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