Author: PPD Team Date: 21/10/2024
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India’s renewable energy capacity addition doubles to 15 GW in FY24
Author: PPD Team Date: 19/12/2024 India has added nearly 15 GW of renewable energy capacity between April and November this financial year, almost double the 7.54 GW added during the same period last year. Speaking at the CII International Energy Conference 2024, Union Minister Pralhad Joshi highlighted India’s growing leadership in the global clean energy sector. The country’s installed non-fossil fuel capacity now stands at 214 GW, up 14 per cent year-on-year. In November 2023…
Europe’s wind power growth falls short of 2030 targets
Author: PPD Team Date: 14/01/2025 Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to meet the EU’s 2030 climate and energy goals. Wind power currently provides 20% of Europe’s electricity. The EU aims to increase this share to 34% by 2030 and over 50% by 2050. However,…
Taiwan cuts Taipower subsidy, raising electricity cost concerns
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CCI approves acquisition of Fourth Partner Energy by IFC, ADB, and DEG
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Iberdrola secures green loan for photovoltaic plant in Sicily
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India rejects $300 billion climate finance deal at COP29 as “unfair” and “stage-managed”
Author: PPD Team Date: 26/11/2024 India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan. India argued the package is inadequate compared to the $1.3 trillion annually that the Global South has demanded to combat climate change impacts and transition to low-carbon economies. Developed countries, historically the largest emitters of greenhouse gases, are expected to finance,…