The Latest Breaking News from Renewable Energy

Iran War Fallout Set to Deepen China's Grip on Global Renewable Energy Supply

The US-Iran conflict accelerates the global shift from fossil fuels, with China emerging as a major beneficiary due to its dominance in renewable energy production and infrastructure.

International Business Times UK · Jul 1

MNRE opposes uniform DSM norms for renewable projects

The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they shouldn't face the same penalties as conventional power plants. Renewable energy's weather-dependent nature necessitates a tailored approach, the ministry stated, to avoid increasing financial risks and impacting project…

The Economic Times · Jul 1

Bijay Kumar Mohanty assumes additional charge as CMD, IREDA

India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of…

The Economic Times · Jul 1

PFC-REC merger: Which stock should you buy before the mega deal creates Rs 11 lakh cr power financing giant

Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger…

The Economic Times · Jun 30

'Can't hire our way out': mine giant to train sparkies

An Australian mining giant has partnered with TAFE to train more electricians as the nation faces a major renewable energy skills shortage.

AAP · Jun 30

AI could become the next competitive advantage for renewable energy companies: Report

Artificial intelligence is poised to become a major competitive edge for renewable energy firms, according to a BCG report. The focus is shifting from expanding capacity to enhancing efficiency and value from existing assets. AI can boost worker productivity by up to 25% and improve energy yield, with a strategic…

The Economic Times · Jun 29

Kazakhstan and UAE launch construction of €1.2bn wind farm

Kazakhstan and the United Arab Emirates have broken ground on a €1.2 billion wind farm in the Zhambyl region, marking one of Central Asia's largest renewable energy projects as the Kazakhstan accelerates its transition towards cleaner energy.

Euronews · Jun 29

Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey

India's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities' Pankaj Pandey. NBFCs also stand to gain from a softer interest rate environment. While IT acquisitions may take time for significant returns, power financiers and transmission…

The Economic Times · Jun 29

UP targets 20,000 MW renewable energy capacity in next 2-3 years: Yogi Adityanath

Uttar Pradesh is aggressively boosting its renewable energy capacity, aiming for 20,000 MW in two to three years from the current 6,000 MW. Over six lakh families are now energy self-reliant through rooftop solar, significantly cutting bills. The state is also a leader in ethanol and compressed biogas production, with…

The Economic Times · Jun 27

Business Brief (June 26): China, U.S. to Establish Trade Council

Alibaba sues U.S. Department of Defense, China sets renewable energy targets for 2030

Caixin Global · Jun 26