News

Global fossil fuel demand set to fall from 2020, three centuries after the dawn of the Industrial Revolution Solar panels and electric vehicles are becoming cheaper so quickly that demand for oil and coal will peak in just three years, report predicts Demand for coal and oil will peak in 2020 as the renewable energy revolution gathers pace and undercuts ... Read More »

In big boost to Modi’s power push, Adani sets up world’s largest solar plant in India It took 8,500 men working two shifts every day for six months – and three shifts for two months – to finish, ahead of schedule, the Adani Group’s giant solar power plant in southern India. The vast, 10 sq km project in Ramanathapuram, in ... Read More »

Green Investment Bank, Oman SGRF eye stake in Leap Green Energy State General Reserve Fund of Oman (SGRF) and UK Green Investment Bank Plc. (GIB) are in separate talks to acquire a stake in JPMorgan-backed Leap Green Energy Pvt. Ltd, four people familiar with the development said. SGRF manages the oil and gas revenues of the energy-rich Oman and has ... Read More »

Power ministry seeks relief for renewable energy from GST impact The Union power ministry has told the influential goods and services tax (GST) Council chaired by finance minister Arun Jaitley that implementing GST in its current form could push up power generation cost, especially of renewable energy, which will further dent the ability of debt-ridden distribution companies to serve electricity ... Read More »

Investment Corp. of Dubai eyes India renewable energy investments Dubai’s sovereign wealth fund, Investment Corp. of Dubai (ICD) through its subsidiary Dubal Holding Llc is scouting for investments in an Indian renewable energy platform. The sovereign wealth fund’s interest in the Indian renewable energy space comes in the backdrop of Prime Minister Narendra Modi’s pitch for investment in August last ... Read More »

World needs green energy and gas to meet future demand At the heart of the world’s sustainable development goals lies one crucial statistic: By 2040, we will require at least 25% more energy than is currently produced to meet the needs of a rapidly growing, global population. Keeping pace with this demand in a way that is both economically and ... Read More »

Why are global solar firms in a wait-and-watch mode in India? India is expected to add new solar capacity of over 5 GW this year as against less than 1 GW just two years ago. There are an estimated 15 GW of projects already allocated and in different stages of development. 2017 onwards, India should join the exclusive top three ... Read More »

World temperatures hit new high in 2016 for third year in a row World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set by the Paris climate change deal, with extremes including unprecedented heat in India and ice melt in the Arctic, scientists said on Wednesday. The findings, providing ... Read More »

How you can help the planet as 2016 declared hottest year yet The Guardian’s live climate change coverage: how you can help In the lead-up to Donald Trump’s inauguration as the 45th president of the United States on Friday, the Guardian is running 24 hours of live uninterrupted digital coverage focused on climate change, and what you can do to ... Read More »

Believing in India’s solar mission takes a leap of faith The sun’s energy is free, but the capital required to harness it must earn a fair return. Try telling that to the gung-ho bidders for India’s utility-scale solar power projects. Auction prices will fall below Rs4 per kilowatt-hour this year, Bloomberg News reports. The record low 2016 bid was Rs4.34. ... Read More »