In Short : China plans to reduce clean power subsidies following a renewable energy boom. With solar and wind power costs dropping, the government is shifting to a market-driven model. Despite the rollback, China remains committed to its carbon neutrality goal by 2060, focusing on sustainable growth and technological advancements in the clean energy sector. […]
Bahrain Launches Tender for Solar Farm Within F1 Circuit
The last date for submitting the bids is June 9 and construction work is likely to begin later this year.Bahrain launches tender for solar farm within F1 circuit. Bahrain International Circuit, the home of the Formula 1 Bahrain Grand Prix, in partnership with Bahrain’s Sustainable Energy Authority (SEA), has launched an international public tender for […]
Next Bahrain Formula One Race to be Solar Powered
MANAMA: A major solar project at Bahrain International Circuit (BIC) that could power the 2022 Formula 1 Grand Prix is set to begin soon. BIC yesterday announced the launch of an international public tender for the development of the solar farm at the circuit. A Request for Proposal has been issued via the Government Tender […]
Why Africa Hasn’t Kickstarted Its Renewable Energy Boom
Africa has a solar energy potential of as much as 1,000 GW and wind potential of 110 GW, not to mention 350 GW in hydropower potential and 15 GW of geothermal potential. And yet, all this huge potential remains largely untapped, even though solar and wind farms are getting so cheap, they are said to […]
The Electric Vehicle Boom Is About To Kick Into Overdrive
NEW YORK : Elon Musk is now the richest person in the world–richer than Bezos. And Tesla (TSLA) has gained over 700% in a year, while Chinese Nio (NIO) has soared over 1,300% …Anyone who didn’t get in on those before they were hot shots missed the really big upside … and even diehard Tesla […]
Tesla Euphoria Powers Equity Boom for Electric Imitators
Tesla Inc.’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in. It’s a phenomenon that alarms valuation experts and even gives pause to those who stand to gain from the electric-car euphoria. The companies whose shares […]