Government Allocates $95.2M to Create Model Solar Village in Every District
The outlay is part of PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on Feb. 15, 2024. It aims to transform India’s energy landscape by providing free electricity to households.
TN Clears ₹441B in Investment Proposals, Greenlights 3 Renewable Energy Policies
The projects span the electronics, food processing, renewable energy, and battery manufacturing sectors and will significantly change the state’s economic landscape and create 24,000 jobs.
World Bank’s $1.5 Billion Loan Boosts India’s Green Hydrogen Dreams
This loan marks the second round of support from the World Bank, following a similar $1.5 billion granted in June 2023.
India to Boost Solar Cell Production; to Curb China Import
Cells will likely be the next target for import restrictions, though the government plans a more cautious approach this time.
Adani Green Pledges S$24.2 Billion by 2030 to Build 40GW Capacity
Adani Green Energy Ltd (AGEL), a subsidiary of the Adani Group with a current renewable energy capacity of over 10 GW, aims to add 6-7 GW annually, reaching 50 GW by 2030.
Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
Diageo to invest €100 Million to Decarbonize Historic Guinness Brewery
The goals include achieving 100% renewable energy use, net-zero carbon emissions in direct operations, and a 50% reduction in indirect emissions from suppliers.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
Serentica, Indian Oil to Invest Heavily in Renewables
In a significant move, Indian Oil Corporation (IOCL), the country’s largest refiner, announced a Rs 5,215 crore investment to build a 1 gigawatt (GW) renewable energy capacity.
$12 Trillion Investment is Required for Global Renewable Energy Expansion
COP28 President Al Jaber outlined four key priorities essential for advancing climate finance: infrastructure, technology, people, and support for the Global South.