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Sustainable bond issuance drops in 1H 2024
Issuance of green, social, sustainability, sustainability-linked, and transition bonds fell 19 per cent quarter-on-quarter after a spike in Q1 2024. According to Moody’s Investors Service, global sustainable bond issuance declined in the first half of 2024, with Q2 issuance down 20 per cent year-on-year to USD 238 billion. However, reaching USD 1 trillion in full-year issuance is still “within reach.” The recent quarter saw USD 146 billion in green bonds, USD 39 billion in social…
GameChange to supply solar trackers to SWERL for Khavda solar park
GameChange Solar has signed an agreement with Sterling and Wilson Renewable Energy Limited (SWERL) to supply its Genius TrackerTM solar trackers for a 750 MWp solar photovoltaic plant at the Khavda solar park in Gujarat. This project marks one of GameChange Solar’s largest tracker installations outside the US. Earlier in April 2024, GameChange Solar secured a deal to supply its Genius Tracker solar trackers for four solar projects in Southern Africa, totalling over 500 MW….
Masdar expands in US with 50 per cent acquisition of Terra-Gen
Masdar has successfully acquired a 50% share in Terra-Gen Power Holdings II, LLC, a leading independent renewable energy producer in the US. The acquisition was made from Energy Capital Partners, which fully divested its stake, while Igneo Infrastructure Partners retained its 50% interest in the company. Before this acquisition, Masdar had a strong portfolio of utility-scale wind, solar, and storage assets, with over 1.4 GW of generating capacity. Terra-Gen’s current operational portfolio spans 3.8 GW…
Report: July 2024 transformation capacity update
In July 2024, India’s power sector saw the addition of 4,360 MVA to its transformation capacity. This brought the total capacity added for the fiscal year 2024-25, up to July, to 14,620 MVA. As a result, the current total transformation capacity in India reached 12,65,700 MVA. The Central Sector added 4,815 MVA in July. Powergrid, a key player in this sector, contributed 2,815 MVA to this total. The State Sector added 9,805 MVA. Andhra Pradesh…
Tata Motors partners with Delta Electronics and Thunderplus to expand EV charging network
Tata Motors has partnered with Delta Electronics India and Thunderplus Solutions to establish 250 new fast-charging stations for its electric commercial vehicles (CVs) across India. These stations will be strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, significantly expanding the current network of 540 commercial vehicle charging points. Under the partnership, Tata Motors will recommend optimal locations for the charging stations based on commercial EV movement. Delta…
Pollution tax can drive green transformation in Bangladesh
Despite its low per capita greenhouse gas emissions of 1.29 tonnes of CO2 equivalent—well below the global average of 4.58 tonnes—Bangladesh faces significant environmental challenges due to inefficient technologies causing high levels of pollution. To address this, the government is considering a pollution tax on environmentally damaging sectors to generate revenue, which can be reinvested to reduce pollution and promote sustainability. Currently, Bangladesh imposes an environmental surcharge on owners of multiple vehicles. Expanding this to…