News

Interviews

We are accelerating our transition: Equinor’s CEO Anders Opedal

We are in the biggest transition our energy systems have ever seen. Renewables are growing rapidly, and over time, oil and gas will play a smaller role. The plan we present today is a strategy to take advantage of the opportunities in the transition. This is not a new direction, but we are accelerating our transition, bringing forward our ambitions while growing cash flow and returns.

Opinion & Perspective

Benchmarking 2021: Still Big Opportunities for Cleaner Power

The Biden administration has committed the United States to delivering 50-52 percent economy-wide GHG emission reductions by 2030 through its Nationally Determined Contribution (NDC), setting the stage for strong global action on climate. NRDC has shown that reducing emissions is achievable and technologically feasible at modest costs with smart planning and policymaking. While achievable, reaching this goal is no small feat, and significant shifts towards clean alternatives to fossil-based energy must continue throughout the economy, beginning with the power sector.

Mega Trends & Analysis

Solar Power Investment Hotspots: Outperformers and Ones to Watch

Fitch Solutions highlight Spain and Japan as global solar power outperformers. Robust government support, declining renewables costs and a sizeable project pipeline will support substantial solar capacity growth in Spain. Japan is currently the second largest solar power market in Asia and will see the third largest capacity growth in the region, driven by the adoption of distributed solar generation systems. Poland is the solar power market to watch.

Policy Watch

OFTO Tender Regime Review: Ofgem to implement new rules in TR7 and beyond

To support the UK government’s efforts to achieve its revised ambitious offshore wind target of 40 GW by 2030 in a bid to reach net zero emissions by 2050, the Office of Gas and Electricity Markets (Ofgem) has been undertaking short- and long-term reviews of the offshore transmission network arrangements.

Tech Talk

600W+ Ultra High-Efficiency Solar Modules Boost Global Solar Power Growth Outlook

Major solar module manufacturers continue to make technological advancements, with several now offering modules that are equal to or exceed a power output of 600 watts (W). In June 2020, we highlighted the solar module manufacturers push towards offering high-efficiency solar modules that are equal to or exceed 500W capacity, with Risen Energy being the first to announce a 500W+ module in late 2019.

SPONSORED CONTENT & ADS

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Webinars & Videos

Interview with Dr Ajay Mathur, Director General, International Solar Alliance

Formed in 2015, the International Solar Alliance (ISA) has now become a global collaboration to promote solar energy uptake worldwide with 95 signatories and more on the way. Through advocacy and analysis, capacity building, resource mobilisation, and project implementation, ISA is enabling long-term visibility and scalability of solar power projects across nations. In this exclusive Q&A, Dr Ajay Mathur, Director General, ISA gives his perspective on the evolving global solar power landscape as well as ISA’s focus areas for the future and his vision for the organisation.

Knowledge Centre

Leveraging Local Capacity for Solar Water Heaters

Heating and cooling account for nearly half of global final energy consumption. As renewables increasingly become cost-competitive, solar alternatives especially for heating water are becoming more common. Solar thermal systems for water heating, or solar water heaters, are a mature technology that has been successfully deployed in several countries for more than 30 years.

Finance

Adani Green acquires SB Energy India

Until now, Adani Green Energy Limited (AGEL) had been focusing on renewable energy capacity expansion through greenfield investments. With this strategy, its renewable energy portfolio grew substantially, from only 0.3 GW in 2015-16 to 14.8 GW in 2020-21. However, recently, it signalled its strong interest in augmenting its renewable energy exposure through acquisitions as well. In May 2021, AGEL acquired SB Energy India, which has 4.95 GW of renewable assets, through an equity purchase worth $625 million (about Rs 46 billion).

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