Worldwide Clean Energy Investments Hit $333.5 Billion Last Year

Global investment in renewable energy hit $333.5 billion in 2018, the second-highest on record, according to a new analysis from Bloomberg New Energy Finance (BNEF). That’s a 3 percent jump from 2016 and 7 percent short of the $360 billion record set in 2015. In all, 2017 represented a record 160 commissioned gigawatts of clean …

‘World first’: Australian University Signs Deal for 100 Per Cent Solar Power

The University of New South Wales (UNSW) is hoping to make it into the green energy record books with a new deal to source all of its electricity from solar power. The Australian university yesterday announced it has signed a 15-year power purchase agreement (PPA) with developer Maoneng Australia and electricity retailer Origin Energy, which …

India Tenders 1.2 Gigawatts Of Solar Capacity In First Week Of 2018

Giving an overview of what to expected over the next few months, the Solar Energy Corporation of India announced three tenders for solar power projects within the first week of this year. The Solar Energy Corporation of India announced three separate tenders to set up solar power projects in the states of Karnataka, Andhra Pradesh, …

India Announces EOI For 10 Gigawatt Floating Solar Power Program

The Indian government has expressed intentions to launch another highly ambitious solar power program. The Ministry of New & Renewable Energy is exploring the appetite for setting up floating solar power projects. Solar Energy Corporation of India (SECI), an entity under the Ministry of New & Renewable Energy, recently issued a document inviting expression of …

Indian Insurers Launch Products For Solar Power Sector

With the rapid boom in the solar power market in India, increasing competition, and collapsing tariff bids, Indian insurance companies have launched products to protect lenders as well as developers. HDFC ERGO General Insurance Company has launched a solar energy shortfall insurance policy. The policy protects lenders and developers against any shortfall in the expected …

Green Tech Will Be Everywhere in 2018: Politics Cannot Stop the Revolution

In 2017, clean power gathered unprecedented momentum. Multiple automakers launched entire families of electric vehicles (EVs), including the most exciting one yet, Tesla’s Model 3. With climate change problems mounting, national and local governments are pushing for more renewable energy and an end to fossil-fueled cars — despite hostile moves in those areas by US President …

UK Clean Energy Records Make 2017 ‘Greenest Year Ever’

This year is set to be the “greenest ever” for the UK, according to data provided by the National Grid. Over the course of 2017, 13 different renewable energy records have been broken. “It’s been an exciting year managing the many ‘network firsts’,” said Duncan Burt, director of the system operator at National Grid. These …