Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTNovember 2 (Renewables Now) - Narendra Modi, the prime minister of India, announced on Monday that the country will achieve its net-zero target by the year 2070, whilst by the end of the current decade, it will aim to meet 50% of its energy requirements from renewables.
The minister made the announcement at the COP26 summit, noting that the nation will pursue a total of five objectives in the fight against climate change, including the above-mentioned two.
The other three are: increasing non-fossil energy capacity to 500 GW by 2030; reducing total projected carbon emissions by 1 billion tonnes from now onwards till 2030; and lowering the carbon intensity of its economy by 45% this decade.
Each of the US, Britain and the European Union is targeting 2050 as the year by which a net-zero status should be achieved, while China and Saudi Arabia are aiming at 2060. An unnamed COP official has told Reuters that they hope for India to bring forward its 2070 target.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST