Day: September 24, 2024
Record Growth Drives Cost Advantage of Renewable Power
Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York today.
New and Renewable Energy Minister Pralhad Joshi to launch Economic Times Energy Leadership Summit 2024
The opening session of the two day summit will be attended by the "who's who" of the energy sector including Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy (MNRE); S C L Das, Secretary, Ministry of Micro, Small and Medium Enterprises; Ajay Kumar Sood, Principal Scientific…
Masdar to acquire Saeta Yield from Brookfield for $1.4 billion, expanding renewable energy footprint in Europe
Saeta Yield, a significant player in the renewable energy sector, operates 538 MW of wind assets in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain. The acquisition, however, does not include a regulated portfolio of 350 MW of concentrated solar power assets, which Brookfield will…
Renewable energy generation v. grid stability - A conflict of objectives?
It is well-known that availability of wind, solar or hybrid sources for RE generation, is based on climatic conditions and therefore cannot be accurately predicted on a daily basis. On the other hand, India’s power supply framework, which operates on a single national grid faces another serious…
COP28 goals could cut global emissions by 10 billion tonnes with right actions: IEA
These goals, aimed at achieving net-zero emissions from the global energy sector by 2050, involve transitioning away from fossil fuels and scaling up low-emission technologies.