CIT leads $225 million letter of credit facility for 8minute Solar Energy
CIT Group Inc. has announced that its power and energy business has arranged for a $225 million...
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Author: Sarthak Takyar
EDF Renewables, Enbridge and wpd start construction of the 500 MW Fécamp offshore wind farm
EDF Renewables, a subsidiary of the EDF Group, Enbridge, a leading energy infrastructure company...
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Equinor to invest over $10 billion in the renewable energy industry
According to an analysis by Rystad Energy, investments in solar and wind energy projects by the...
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Indonesia to get $300 million loan from ADB for geothermal electricity generation
The Asian Development Bank (ADB) has approved a $300 million loan for state-owned geothermal...
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Tasmania kickstarts its clean hydrogen business
The Tasmanian government has opened the expression of interest for a $50 million support package...
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The UK approves plan to develop the country’s largest solar farm in the south of England
The UK government gave the green-light for plans to develop the region’s largest solar park, Cleve...
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Offshore wind project near Virginia Beach to use turbines with 108-meter blades
The 2.64 GW Dominion Energy Coastal Virginia Offshore Wind Project planned to be set up off the...
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Maersk, Orsted and other Danish companies to produce sustainable fuels on a large scale
Several major Danish firms, including Orsted and Moller-Maersk, have formed a partnership aiming...
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Shell signs PPA with NextEnergy Capital for two solar projects
NextEnergy Capital (NEC) has signed two separate ten-year power purchase agreements with Shell...
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Systemic change from coal to renewable energy requires legislation and regulation
We are doing very well in terms of expanding the use of renewable sources in power generation, but this growth has not yet resulted in decreased use of fossil fuels.
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DSOs going digital: How to be a hero of the clean energy transition?
The global energy landscape is changing. This is particularly true in EU countries, which are preparing to implement the Clean Energy Package. Distribution System operators (DSOs) have historically had an important role in connecting low carbon generation, but with the pace of decarbonisation and electrification of the energy system they are having to adapt quickly.
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The changing energy dynamics in Sub-Saharan Africa points towards an emerging renewable opportunity
Sub-Saharan Africa is an emerging market that is fast moving towards solar and wind power generation with the potential for battery backup systems. Although in its early stages at present, solar energy is gaining traction on the back of falling costs and greater availability, and is expected to become a major source of additional energy generation in Sub-Saharan Africa.
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Our Carbon Problem Is A Multibillion-Dollar Opportunity
Everyone is worried about the carbon dioxide problem, but nobody wants to pay for it yet. Industrial activity has emitted some 2,200 gigatons of CO2 in the past 150 years and continues to produce about 40 GT annually. If we exceed 2,620 GT, we’ll miss our shot to contain global warming within 1.5° C. Ecosystems, economies and communities will suffer irreversible damage as a result.
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Floatovoltaics: Land-constrained SEA countries look to waterbodies for sustainable power generation
The unavailability of large swathes of land has forced developers in the solar power segment to look elsewhere to set up solar power plants in a more sustainable manner. In this regard, canal tops, hybrid power and other such technologies have emerged as important solutions. A recent phenomenon of this is also the emergence of floating solar power plants, or floatovoltaics, which have found a considerable market in the Southeast Asian region.
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