JSW Neo Energy expands renewable energy portfolio with 750 MW project
JSW Neo Energy, a subsidiary of JSW Energy, has received a Letter of Award from Solar Energy Corporation of India to install a 500 MW solar power plant connected to the interstate transmission system (ISTS). The project will include 250 MW of solar plants. JSW New...
Focuses on the specific growth rate (4%) and surpasses coal by renewables by 2025: IEA Reports
The International Energy Agency (IEA) reported that global energy demand is growing with a demand of approximately 4% annually in 2024 and 2025 which has been the highest growth since 2007 (excluding the COVID-19 pandemic years). Renewable sources of electricity are...
ADB Powers Up India’s Solar Surge With US $240.5 Million Rooftop Project
The Asian Development Bank (ADB) has sanctioned a $240.5 million loan to reinforce rooftop solar projects in India to advance the nation's renewable energy system. The ADB announced that this funding will support tranches Two and Three of the Multitranche Financing...
Spain and Portugal Shine Bright in Solar Energy
According to AleaSoft Energy Forecasting, all European markets see a major rise in electricity prices in the second week of July. The significant reason behind this is decreased wind energy production and a surge in electricity demand. The causes of the price rise...
US Solar Energy Hits 9%, Leads The Way in 2024
A recent report by FERC (The Federal Energy Regulatory Commission) on the US energy infrastructure showcased remarkable trends and developments in the US energy sector. According to this report, nearly 80% of the capacity is fulfilled in May production by solar which...
India Solar Capacity at 85.4 GW for Cleaner Energy Future
India has made growth in solar power capacity to 85.4 GW, as per the reports from the Ministry of New and Renewable Energy. The country has made remarkable progress from 73.3 GW which was at the end of 2023 to 85.4 GW till half of 2024. Rajasthan is the nation's...
Rajasthan Sets Ambitious Goal of 30 GW Solar Power by FY25
The Government of Rajasthan has set goals to produce 30 GW of solar power by the end of the year 2025. Chief Minister Bhajan Lal Sharma aims to boost the energy security of the state by decreasing dependency on fuels and supporting the vision of a self-reliant...
IRENA Advocates 16.4% Annual Renewable Energy Growth to Meet COP28 Goals
According to new data and statistics by IRENA- International Renewable Energy Agency whole world needs to expand its renewable energy capacity at the minimum rate of 16.4% per year through 2030 to achieve its goals at COP28. Source : IRENA IRENA reports also announce...
China ramps up wind and solar power with two-thirds of global projects underway
A new report was released which said that China is leading in the world of renewable energy. Approximately two-thirds of the largest solar and wind plants globally are being constructed in China. Coal power plants have declined due to a boost in renewable...
Rajasthan Budget: Finance Minister Diya Kumari Unveils Major Solar Energy Initiatives
Rajasthan’s Finance Minister and Deputy Chief Minister Diya Kumari announced the state budget on July 10, 2024. She has shared four major announcements related to solar energy in the state. Key initiatives include the introduction of Energy Express Home Reforms. In...
