Hexa Climate to invest $500 Million in Fortum India Renewables Assets
Hexa Climate Solutions - backed by I Squared Capital - has purchased Fortum's Indian Renewables Portfolio. The company plans to invest $500M to expand their clean energy projects. Hexa announced on Tuesday that the deal included a 100% stake of Fortum India…
Coal India will set up a power plant as a joint venture
Coal India will invest 165 billion rupees to build a coal-powered 1,600 megawatt plant in Jharkhand, a state located in eastern India. This investment is needed to meet the growing demand for electricity. On Monday, the state-owned company…
BPCL and Sembcorp form a joint venture to develop renewables, green hydrogen in India
Bharat Petroleum Corporation, an Indian refiner, signed a joint-venture agreement on Tuesday with Singapore's Temasek backed Sembcorp for the development of green hydrogen and renewable projects in India. According to the companies, the…
Data shows that global coal power capacity is expected to increase in 2024.
Global Energy Monitor, a U.S.-based think tank, reported on Thursday that the world's coal power fleet increased by 18,8 gigawatts, its smallest increase in over two decades. However, new additions to China and India continue to offset closures in other countries.
German emissions dropped 3.4% in 2024 and are on track to meet 2030 climate goals
The Federal Environment Agency of Germany said on Friday that greenhouse gas emissions have fallen by 3.4% in the last year in Europe's largest economy, which puts it on track to reach its 2030 climate goals. Carbon dioxide emissions dropped to 649 millions tons in 2018, the agency reported.
Tata Power, India's Tata Energy unit, is exploring a $5.6 billion investment in clean energy in Andhra Pradesh
Tata Power Renewables Energy Ltd. (TPREL), an Indian company, said it was exploring the possibility of setting up seven gigawatts of green energy in Andhra Pradesh's southern state for a total investment of 490 billion Indian Rupees ($5.63billion).
Mexico advances energy reform to reinforce dominant roles of state-owned companies
Mexico's Senate passed on Wednesday laws for an energy reform which strengthens the dominance of state-owned companies Pemex CFE, while opening up new opportunities for private investment in order to achieve the country's goals of self-sufficiency.
Report: India must double its renewable energy capacity to achieve 2030 clean-energy goals
Global Energy Monitor's (GEM) report released on Wednesday said that India needs to double its annual additions of solar and wind power over the next five year in order to reach its 2030 clean energy targets. This is despite 2024 adding record numbers.
India's NTPC has plans to invest over $23 billion in renewable energy in Madhya Pradesh
The Indian state-owned power company NTPC announced on Monday that it will invest over 2 trillion rupees (about $23,07 billion) in renewable energy projects located in Madhya Pradesh. The company has announced several investments in renewable energy that it plans to make.
US pressures EU to align LNG methane regulations
A letter obtained by showed that U.S. officials redoubled their efforts to convince EU counterparts that shipments of liquefied gas meeting current U.S. regulations on methane would automatically meet the new European standards for gas imports.
India will mandate the use of solar cells made locally in all clean energy projects by June 2026
From June 2026, Indian clean energy companies will have to use solar photovoltaic modules made from local cells by a list of approved companies. This is a measure to reduce imports from China, the top supplier. India has already required…
Adani allegations bring India's clean-energy conundrum to the forefront
The allegations of bribery against Adani Group's founder Gautam Adani highlight the increasing difficulty that India's renewable energy developers have in finding buyers for their power. Officials say that while India's central governments…
Biden officials ask EU methane regulations to be aligned with US rules to ease LNG flow, says letter
According to a letter obtained by the, President Joe Biden’s administration asked that the European Union ensure that liquefied gas imports meeting U.S. regulations for methane automatically meet Europe’s standards. The linking of U.S. methane…
UN chief warns at COP29 that if you don't pay up, the climate will lead to disaster for humanity.
At the COP29 Summit on Tuesday, United Nations Secretary General Antonio Guterres urged world leaders to "pay up", in order to prevent climate-driven humanitarian disasters. He also said that time was running short to limit a destructive increase in global temperatures.
The US climate envoy said that work would continue despite Trump’s return
John Podesta, U.S. Climate Envoy, urged governments on Monday to believe in the promise of the United States to combat global climate change. He said Donald Trump could slow down, but not stop the transition away from fossil fuels, when he returns to the White House in January. The annual U.N.
Turkey plans to quadruple its wind and solar power capacity by 2035
Alparslan Bayraktar, the Energy Minister of Turkey, said that $108 billion in public and private investments will be needed to quadruple Turkey's wind and solar power generation capacity to 120,000MW by 2035.Bayraktar, speaking at a conference…
Hindustan Zinc's chairman says the company aims to switch over to renewable energy within five to seven years.
Priya Agarwal, chairperson of Hindustan Zinc, said on Tuesday that the miner plans to switch to renewable energy in five to seven years to power its operations. "We have plenty of thermal power (captive). The plant won't shut down tomorrow.
IRENA report: Record growth in renewables fuels cost-competitiveness
A report released by the International Renewable Energy Agency on Tuesday showed that solar, wind, and other renewable sources were cheaper than fossil fuels. This shows the competitiveness of these sources. To reduce greenhouse gas emissions…
Best estimate of the new Swiss nuclear dawn is decades away
Energy experts and politicians warned that bringing new nuclear power plants online in Switzerland would take decades because of the many political and financial obstacles. This comes after the Swiss government announced its plans to lift an existing ban on new nuclear plants.
Orsted Energy shuts down last coal-fired power plant
Orsted, a Danish company, announced on Thursday that it will close its last coal-fired units this week. This marks a significant milestone in the transition of Orsted to fossil-free power generation. Since selling its oil business in 2017…
