14 January 2015 2015 05:55 AM GMT

SunEdison Inks Deal to Develop 5GW of Clean Energy Projects in Indian State

SunEdison Inc. has signed an agreement with the state government of Karnataka in India to develop 5 gigawatts of renewable energy project in the state by 2020.

The electricity generated by these projects will be” cost competitive with coal produced electricity, without subsidies or incentives, and will ease the electricity deficit that Karnataka currently experiences,” SunEdison said in a statement.

Under the agreement, SunEdison will provide technology, development and financing expertise to build a mix of solar photovoltaic and wind energy power plants across Karnataka. The renewable energy power plants will supply electricity, to be sold under power purchase agreements, to distribution companies and utilities within the state, entities of the Central Government of the Union of India and various other third party off-takers within and outside Karnataka.

The state government, in turn, will explore location options with SunEdison to find suitable government land on which to construct the projects and will facilitate construction of the infrastructure required to connect the projects to the grid. The agreement includes details of an immediate plan to implement up to 1,500 megawatts by the end of 2016.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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