Delhi-based KNP Arises Green Energy, founded by husband-wife duo Kirti and Sushil Vaishnav, and their friend Ravi Jain, collects waste cooking oil from 35 cities in India. This is then converted into biodiesel, a source of renewable energy.
Moody s Investors Service in its latest report said that close to 15-20 per cent of wind and solar power projects underperformed during 2019-20. However, with portfolio diversification, a lot of green energy companies will withstand the slowdown, it said. Moody s said India s renewable energy sector grew by 20 per cent in the last five years. About 15-20 per cent of Indian wind and solar projects did not meet capacity utilisation targets in fiscal years 2019 and 2020 because of wind generation curtailments and lower irradiance for solar projects, which were responsible for 56 per cent and 68 per cent of the underperformance respectively,” says Abhishek Tyagi, a Moody’s Vice President and Senior Analyst. As a result, rated renewable energy companies’ EBITDA declined 2-5.6 per cent in fiscal 2020, said the report.
UK investors eye renewable energy in Vietnam 16:05 | 26/02/2021
A wind farm in Binh Thuan province (Photo: VNA)
Hanoi - Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.
British Ambassador to Vietnam Gareth Ward said at the UK â Vietnam Renewable Energy Dialogue on Wednesday that clean energy was becoming a global trend, adding that every 1 investment USD in clean energy would help generate from 3-8 USD.
The Vietnamese Government in 2015 approved the renewable energy development strategy to 2030 with a vision to 2050 which aimed to increase the percentage of renewable power from 35 percent in 2015 to 38 percent in 2020 and 43 percent in 2050.
Update: February, 26/2021 - 08:39 |
A wind farm in Bình Thuận Province. Investors from the UK were showing significant interest in investing in renewable energy projects in Việt Nam, especially off-shore wind power. VNA/VNS Photo Mạnh Linh
HÀ NỘI Investors from the UK were showing significant interest in investing in renewable energy projects in Việt Nam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.
British Ambassador to Việt Nam Gareth Ward said at the UK – Việt Nam Renewable Energy Dialogue on Wednesday that clean energy was becoming a global trend, adding that every US$1 investment in clean energy would help generate from $3-8.