AsiaElec - Asia Power
India’s Vikram Solar to build a 1.3-GW per year solar PV module manufacturing plant at the Indospace Industrial Park in Chennai, Tamil Nadu State.
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis (IEEFA) said.
Japan is to increase its 2030 target for renewables’ share of power generation to 36-38%, up from the current 22-24%, as it looks for ways to meet its 2030 Paris climate targets.
South Korea’s power networks are in danger of failing to meet demand during the present hot weather, with the difference between supply margin falling to a low of 10% this week.
Iberdrola has acquired Asian green developer Sowitec Vietnam in a move that gives it access to a 550-MW renewables pipeline, including a floating solar project and five onshore wind farms.
Renewables will soon account for 7% of Pakistan’s power output, with 2,000 MW of green capacity currently operating in the country.
Siemens Gamesa has won a 322-MW turbine supply deal from India’s ReNew Power for the Tondehal wind farm in the southern state of Karnataka.
Leading CEOs of the global wind industry are calling on G20 members to show leadership in the climate crisis by raising national ambitions and urgently laying out concrete plans for increased wind energy production to replace fossil fuels.