Renewable energy investment in India beats Covid-19 lull

India will need a further $500 billion in investment in wind and solar infrastructure, energy storage and grid expansion to reach 450GW capacity target by 2030.

Investments in the renewable energy sector in India are seeing growth again following the slowdown in the previous financial year due to the onset of the coronavirus disease (Covid-19) pandemic, a recent study by the Institute for Energy Economics and Financial Analysis (IEEFA) found.

Between April and July this year, investment in the Indian renewable energy sector reached US$6.6 billion, surpassing the US$6.4 billion level record in the 2020-21 fiscal year. The findings in the study projected that and the investments have the potential to breach the US$8.4 billion milestones achieved in the 2019-20 financial year before the pandemic struck.

“Rebounding energy demand and a surge of commitments from banks and financial institutions to phase out fossil fuel financing are helping drive investment into Indian renewable energy infrastructure,” Vibhuti Garg, an energy economist at IEEFA, who co-authored the report, said.

Continue reading “Renewable energy investment in India beats Covid-19 lull”

Renewable energy investment hit record highs in first half of 2021

BNEF report estimates nearly $174 billion was invested in renewable energy projects and companies

Global investment in renewable energy projects and companies reached a record high in the first half of 2021, totalling $174 billion (£125bn).

That’s according to the latest Renewable Energy Investment Tracker report from the research company BloombergNEF (BNEF), which suggests the total investment is the highest ever recorded in the first half of any year. Continue reading “Renewable energy investment hit record highs in first half of 2021”

New wave of investors eyes renewable energy firms

 

The growing importance of sustainability-linked funding has driven investors to scout for clean energy opportunities

MUMBAI : Driven by the growing importance of sustainability investing and the large opportunity presented by the Indian market, several new investors, both financial and strategic, have committed capital to renewable energy investments in the country.

Earlier this month, US investment firm Augment Infrastructure said it will buy a majority stake in rooftop solar power producer Mumbai-based CleanMax Enviro Energy Solutions for 1,650 crore, marking its first investment in India. Also in August, Copenhagen Infrastructure Partners, a renewable energy-focused fund manager, announced its first India investment with a commitment of $200 million investment with Amp Energy India. Other investors that have written large cheques in recent months include Thailand’s state-owned utility PTT, Norway’s state-owned investor Norfund and Norway-based renewable energy firm Scatec.

Continue reading “New wave of investors eyes renewable energy firms”

Renewable energy investment hit record highs in first half of 2021

Investment into clean energy projects and companies swelled to $174bn in the first half of 2021, with record levels of public market financing offsetting a decline in renewable project investments.

That is the headline figure of new research from BloombergNEF, which found that the $174bn is the highest total ever recorded for the first half of a year. The financing levels are a 1.8% increase on the same time last year, although the second half of 2020 does dwarf this figure by 7% as nations ramped up clean energy investments as lockdowns began to ease temporarily.

The first half of the year did see a decline in investment into new renewables projects, however. Investment into wind projects totalled $58bn, matching levels recorded in 2018 and 2019, but well below the $85bn invested in the first half of 2020 ahead of subsidies closing or lapsing in nations such as China and the US. Continue reading “Renewable energy investment hit record highs in first half of 2021”

Bitcoin Mining Council to report renewable energy usage

A new Bitcoin Mining Council has been created to improve the crypto-currency’s sustainability, following a meeting of “leading” Bitcoin miners and Elon Musk.  The Tesla CEO tweeted the development was “potentially promising”. It’s hoped the council will “promote energy usage transparency” and encourage miners to use renewable sources.

The process of creating Bitcoin consumes large amounts of electricity. Its value fell earlier this month after Tesla withdrew its support of the crypto-currency, citing environmental concerns. Bitcoin operates on the blockchain, a digital ledger of transactions. Miners audit Bitcoin transactions in exchange for an opportunity to acquire the digital currency.

It requires enormous computing power, which in turn uses huge amounts of electricity.

Bitcoin’s electricity consumption is currently greater than The Netherlands’, according to the Cambridge Bitcoin Electricity Consumption Index. Continue reading “Bitcoin Mining Council to report renewable energy usage”

7 Renewable Energy Stocks for a Cleaner Future

Renewable energy stocks are delivering for investors again in 2020. Following a stellar showing, the S&P Global Clean Energy Index is higher by almost 43% year-to-date.

The rise of renewables is coming at the expense of traditional fossil fuels. Price action confirms as much as the S&P Energy Select Sector Index is lower by about 40% this year. There are stark realities applying to traditional and renewable energy stocks. In the U.S., a slew of state governments are increasing adoption of green energy sources.

Likewise, as prices decline, more corporations and consumers are embracing solar and wind power. Adding to the pressure on fossil fuels producers and bolstering the case for alternative energy equities is that an array of institutional investors, including college endowments, are saying “no” to coal, gas, and oil exposure. Continue reading “7 Renewable Energy Stocks for a Cleaner Future”

How Renewable Energy Can Save Us from Climate Change

Renewable energy is power generated from sources that are adequately replenished. It includes solar energy, wind energy, hydroelectric, tides, biomass, and geothermal heat. Some sources also consider hydrogen and fuel cells as a form of renewable energy.

Renewable energy should not be confused with alternative energy. The difference is that alternative energy specifically avoids fossil fuels such as oil, natural gas, and coal. It doesn’t harm the environment or add greenhouse gases that add to global warming. For example, wood burning is not alternative energy because it leads to deforestation and adds greenhouse gases. But it is a source of biomass renewable energy in that new trees can be grown.

Hydroelectric power is both renewable and alternative. But many in the environment movement frown on reliance on this source. It can disturb salmon runs, endangering not only the salmon but also the orcas and bears that feed on them. It also uses massive quantities of cement which emits greenhouse gases in its production. Continue reading “How Renewable Energy Can Save Us from Climate Change”

Clean energy investment & economic development go hand-in-hand

For years, there has been a running narrative that conservatives are not committed to addressing our real and pressing climate challenges.

That is, in part, because the conversation has been dominated by those on the far left who advocate for extreme environmental policies that fail to account for the harsh economic consequences that would inevitably result.

What we have heard less frequently are the conversations about environmental solutions that both drive clean energy innovation and support economic development.

But those conversations are happening every day here in Arizona, and those solutions are supported by a wide swath of Arizona voters, including conservatives.

Citizens for Responsible Energy Solutions, a conservative organization advancing clean energy policies, and The Western Way, a free-market conservation organization, recently released the results of a poll showing that a majority of Republican voters in Arizona believe climate change is a serious problem and strongly favor investment in the renewable energy sector. Continue reading “Clean energy investment & economic development go hand-in-hand”

What is Sustainable Energy

Sustainability: According to the United Nations (the UN’s Brundtland Commission popularized the term in 1987), sustainability is defined as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” True sustainability is when everyone, everywhere can meet their basic needs forever.

Using the above definition for sustainability, sustainable energy is energy that meets the needs of the present generations without compromising the ability of future generations to meet their own needs. Sustainable energy is about finding clean, renewable sources of energy—sources that renew themselves, rather than sources that can be depleted. Continue reading “What is Sustainable Energy”

5 reasons we should be optimistic about the world’s clean energy future

Five recent interlinked trends have great potential to prevent the worst ravages of climate change and ensure people worldwide have access to the energy and economic opportunities they need to enjoy healthier and more prosperous lives.

The Key Trends

Solar is leading renewables to new heights. The cost of solar power has been declining dramatically for years, and it has now become the cheapest option in many economies. China, Europe, India and the United States have driven solar’s rise in recent years. But solar projects are now springing up fast in many countries across the globe, ranging from Vietnam to the United Arab Emirates, and from Egypt to Brazil. Meanwhile, offshore wind has achieved game-changing technological leaps and cost declines that give it the potential to become a key source of clean power in many parts of the world. Continue reading “5 reasons we should be optimistic about the world’s clean energy future”