SJVN upscales power generation capacity target to 50,000 MW by 2040

State-run power producer SJVN Ltd on Wednesday announced that it has doubled its target of installed electricity generation capacity to 50,000 MW by 2040. Nand Lal Sharma, the Chairman & Managing Director of SJVN, in a statement said that SJVN has upgraded its Shared Vision to 5,000MW by 2023, 25,000 MW by 2030 & 50,000 MW by 2040.

According to the statement this revision has resulted from addition of multiple projects in its portfolio and an already established repute of successfully operating & implementing Mega Hydro Projects in India & abroad.

After hydro, the company has successfully added varied business verticals and forayed into thermal, solar, wind power generation, power transmission and power trading.

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The solar stocks looking to shine bright in 2021

With the solar industry continuing to rise in popularity, Maxim Manturov, Head of Investment Research at Freedom Finance Europe, advises on the top stocks to watch this year.

The last decade has witnessed a monumental shift towards solar power and renewable energy, as the global economy moves away from fossil fuels such as oil and natural gas to help reduce carbon emissions. The popularity of such stocks therefore comes as no surprise as investors increasingly look towards companies that are making a positive socio-economic impact, and will only continue to grow as younger, more conscientious investors enter the stock market and look to change the world one investment at a time.

Alongside this, seeing as it will take a significant amount of time and money to complete this transition to an eco-friendlier world, solar energy is clearly a compelling investment for those looking to benefit in the long term. For traders looking to combine investment with social responsibility, and make a real difference while gaining a profit, solar stocks and impact investing are the clear way to go.

What are the best value solar stocks to watch in 2021? And who should you look out for? Continue reading “The solar stocks looking to shine bright in 2021”

Amazon to source power from new renewable energy projects

Amazon has announced plans to buy power generated by 14 new solar and wind power projects across the US, Spain, Canada and Finland.

The latest move is part of the technology giant’s efforts to power all its operations with renewable energy by 2025, five years ahead of the company’s original target of 2030.

These projects will bring the company’s total renewable energy investments to date to 10GW, enough to power 2.5 million US households.

The new utility-scale solar and wind projects will provide electricity to Amazon Web Services (AWS) data centres, corporate offices and fulfilment centres.

With 232 renewable power projects worldwide, Amazon is claimed to be the world’s largest corporate buyer of renewable energy. Continue reading “Amazon to source power from new renewable energy projects”

NASA research into the development of clean energy

Clean Energy

Researchers at NASA Ames are conducting cutting-edge research in the development of clean energy technologies for NASA mission needs in the Exploration Systems Mission Directorate and the Science Mission Directorate. Our renewable energy focus is on advancing biofuels, solar, and wind technologies that also help reduce our nation’s dependence on petroleum-based fuels. By advancing clean energy technologies, NASA Ames hopes to help our nation reduce its generation of greenhouse gases and create a sustainable future here on Earth.

View online video archives of the Council on Competitiveness Western Energy Summit, courtesy of Clean Skies TV. The event was held at NASA Ames Research Center on July 30, 2009. Here’s the press release. Continue reading “NASA research into the development of clean energy”

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”

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”

McKinstry to install four solar arrays in western Arkansas

US National construction firm McKinstry will build four new solar systems for municipalities in western Arkansas. The solar arrays should generate more than 6 million kWh of energy each year, saving close to $350,000 in utility costs for Sebastian County, Miller County, and the City of Nashville, Arkansas.

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