The price of electricity production using solar energy is increasingly outpacing other alternate sources. According to a report in the World Economic Forum, Solar and wind energy are finally at par or cheaper than fossil fuel capacity in more than 30 countries.

The post Solar power prices hit historic low, cheaper than fossil fuel for the first time appeared first on The Financial Express.

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Indian renewable power generation company ReNew Power, which is majority-owned by Goldman Sachs, has agreed to sell 10% equity stake to Japan-based JERA Co for $200 million, ahead of its IPO planned for later this year.

The post Goldman Sachs-backed ReNew Power to sell 10% stake to Japan’s JERA for $200 million appeared first on The Financial Express.

Read more: Goldman Sachs-backed ReNew Power to sell 10% stake to Japan’s JERA for $200 million

A report published on Monday by The Energy and Resources Institute (TERI) said power plants to be added after 2023-24 could be completely renewable energy-based. Reiterating the government’s draft electricity plan finding that current installed and under-construction capacity would be able to meet demand till 2026, TERI also estimated that no new investment is likely […]

The post Coal power plants may not be needed after 2024: Report appeared first on The Financial Express.

Read more: Coal power plants may not be needed after 2024: Report

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