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Are Concrete Blocks the Next Batteries?

This company has a unique plan for storing renewable energy. ENERGY VAULTYOUTUBE Energy storage is an increasingly large problem with renewable energy. Energy Vault wants to solve it by storing the extra energy as potential energy in concrete blocks. The company recently received a major investment from the Japanese holding company SoftBank. That money will allow Energy Vault [...]

2019-10-18T07:56:55+00:00October 18th, 2019|News|Comments Off on Are Concrete Blocks the Next Batteries?

New India blow as wind and solar hit by ratings downgrade

Fresh signal of challenges to government ambitions as ICRA cuts ratings for 1.9GW of projects Financial rating agency ICRA downgraded 1.9GW of wind and solar projects and cited “significant headwinds” impacting investor sentiment, in another sign of the challenge India faces to hit its 2022 renewable energy goals. ICRA’s downgrade covers about a fifth of [...]

2019-10-18T02:59:45+00:00October 18th, 2019|News|Comments Off on New India blow as wind and solar hit by ratings downgrade

LGT Lightstone looks to fund AMP’s India unit

LGT will acquire a minority stake in AMP Energy for $50 million LGT has invested around $180 mn in India, including a $12 mn investment in Lithium Urban Tech NEW DELHI: Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said [...]

2019-10-18T02:40:16+00:00October 18th, 2019|News|Comments Off on LGT Lightstone looks to fund AMP’s India unit

This Adani Group stock has doubled your money in six weeks

In the past six weeks, Adani Green Energy has zoomed 107 per cent from the level of Rs 44.95 on September 5. In comparison, the S&P BSE Sensex has gained 6 percent during this period Shares of Adani Green Energy (AGEL) continued their upward journey on Thursday, hitting a new high of Rs 92.85, up 16 percent [...]

2019-10-18T02:29:08+00:00October 18th, 2019|News|Comments Off on This Adani Group stock has doubled your money in six weeks

Eyeing economic growth, South Africa seeks to renegotiate old renewables projects

JOHANNESBURG (Reuters) - South Africa has started discussions with power producers to try to get cheaper electricity from some older renewable energy projects and give the economy a boost, several participants in the talks say. But participant power firms - some of which are backed by big names such as EDF Renewables (EDF.PA) - say [...]

2019-10-18T02:23:07+00:00October 18th, 2019|News|Comments Off on Eyeing economic growth, South Africa seeks to renegotiate old renewables projects

Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change NEW DELHI: India [...]

2019-10-18T02:15:17+00:00October 18th, 2019|News|Comments Off on Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

Princely Family of Liechtenstein’ investment platform bets on green energy

Investment platform plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit It will acquire a significant minority stake in the green energy firm New Delhi: Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said [...]

2019-10-17T08:53:57+00:00October 17th, 2019|News|Comments Off on Princely Family of Liechtenstein’ investment platform bets on green energy

KWA provides 25 lakh connections

This was announced during a review meeting of the projects chaired by Water Resources Minister K Krishnankutty. THIRUVANANTHAPURAM: The number of new water connections provided by the Kerala Water Authority (KWA) has exceeded 25 lakh in the state. KWA achieved this goal by adding 80,894 new connections in the past six months. This was announced during [...]

2019-10-17T08:44:18+00:00October 17th, 2019|News|Comments Off on KWA provides 25 lakh connections

New set of reforms: Discoms’ roles to be redefined, multiple private franchises in each area to recover full tariffs

The ministry has also laid down the broad contours of the revenue streams and the basic roles and responsibilities of the new franchisees. The government has drawn up plans to address the issue of lack of competition in the electricity distribution segment by allowing multiple private franchisees in each area, while state-run utilities will continue [...]

2019-10-17T01:46:38+00:00October 17th, 2019|News|Comments Off on New set of reforms: Discoms’ roles to be redefined, multiple private franchises in each area to recover full tariffs

Discoms get relief as Andhra HC stays Centre’s order

Effective August 1, it has been mandatory for discoms to open/maintain bank guarantee to buy power from gencos. In its interim order, the court also stopped the power ministry from disallowing AP-based discoms to buy power through the open access system and on the power exchanges. In a move that could undermine the Centre’s efforts [...]

2019-10-17T01:37:14+00:00October 17th, 2019|News|Comments Off on Discoms get relief as Andhra HC stays Centre’s order
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