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ReNew Power, Fluence to form energy storage joint venture
ReNew Power, Fluence to form energy storage joint venture
The joint venture is expected to start operations in the first half of 2022.
Solarvest, QBE, Anora sign MOU to offer solar investment insurance
The product will allow coverage of consequential loss due to damages on property during PV installation.
Solar power to get 'lion’s share' of funding in next 5 years
Over 58% agreed the sector will attract the bulk of investments in Asia.
Pressure from government is the top reason for RE investments
About 44.6% of surveyed firms in Asia said so.
Opposition may cloud India’s new tax on solar
A 25% rate on solar cells and 40% on solar modules will be introduced by April.
Fewer are concerned over investment uncertainty in Asia's electric industry
24.6% cited it as the most challenging issue in the electric industry, a drop from 37.1% in 2020.
Renewable integration cited as most challenging issue in Asia’s electric industry
Around 35% said renewable integration is the top challenge for the industry.
7 in 10 leaders see hydrogen generation helpful in Asia's clean energy transition
Meanwhile, 51.4% believe that the answer is in retiring fossil-fuel generation.
Policies, underinvestment lead the biggest threats to Asia’s grid reliability
43.9% agree that policy debates serve as a hurdle in grid operations.
India’s power consumption to rebound “strongly” in 2022: Fitch
It is projected to reach 1,431TWh by year-end from 1,271TWh in 2020.
Philippines’ new sustainability framework restricts fossil fuel financing
Fossil fuel power-generation projects will be excluded from its green financing scheme.
Black & Veatch unit, EIP partner to develop RE in South Korea
This is in aid of South Korea’s target of a 20% reduction in emissions by 2030.
ARENA announces $28.8m R&D funding for ultra-low-cost solar
Funding round applications will open in February.
Sunseap, NTUC partner for 1.48MWp rooftop solar project at Downtown East
The project can generate 1.9GWh electricity annually when completed.
Renewable power gains ground in APAC despite cost inflation in 2021
The average cost of producing solar and onshore wind rose by 9% and 2%, respectively.
Indonesia’s geothermal capacity to reach about 3.5GW by 2030
It will remain as the largest geothermal market, according to Fitch Solutions.
Indonesia eases coal export ban, allows release of 14 vessels
It will re-evaluate the reopening of the coal export on Wednesday.
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
Commentary
Supply chain efficiency, skilled manpower are key for India’s renewable energy