Offshore Wind Capacity of 410 GW to be Installed Over the Next 10 Years
GWEC’s report pinpoints a significant acceleration in offshore wind installations towards the end of the decade, with two-thirds of the projected capacity coming online between 2029 and 2033.
IFC Invests $105 Million in Brookfield’s Solar Project
The IFC’s investment will be made through long-term loans allocated to the project’s special purpose vehicles and entities responsible for its implementation.
$2.5 Billion Qatar Green Bond Attracts Strong Investor Interest
Underscoring the growing appetite for sustainable investment opportunities globally, the $2.5 billion green bond was met with overwhelming investor interest, attracting bids worth more than three times the offered amount.
India Needs to Increase Renewable Energy Push to Meet 2030 Target, Report Warns
The report proposes lowering the GST on hydropower components from the current range of 18-28% to 12% and reducing the GST on wind projects from 12% to 5%.
Sri Lanka Eyes Progress on Adani Wind Projects, Hopes for LNG Deal Soon
The cash-strapped nation, seeking to ramp up green energy to reduce reliance on expensive imports, is currently evaluating the projects due to disputes over pricing and efficiency.
Hindalco Secures 26% stake in Ayana Renewable Power
Hindalco secures 26% stake in Ayana Renewable to power Odisha smelter with 100 MW clean energy, advancing its net-zero journey by 2050.
India Revs Up Green Hydrogen Integration for 24/7 Power Security
India is accelerating its green hydrogen integration strategy with CfD models to ensure 24/7 clean energy access, aligning with PM Modi’s vision for global leadership in hydrogen production and export.
ADB Raises INR 1.25 Billion in Green Masala Bonds
The bond, the largest by ADB, structured as a 4-year currency-linked instrument, features a one-time repayment at maturity and carries a fixed interest rate of 6.72% annually
Will India Achieve It’s Target of 40 GW Rooftop Solar Under ‘Pradhanmantri Suryodaya Yojana’?
Currently less than 1 million households produce 2.2 GW of rooftop solar electricity in India. With this scheme, the installed capacity of rooftop solar can be reached up to 22 GW
Abu Dhabi’s ADNOC to Invest Dh 84 Billion for Decarbonization
Abu Dhabi National Oil Company reinvests Dh178 billion into the UAE economy in 5 years; Dh84 billion into decarbonization efforts.