Renewable power purchase agreements (PPAs) are an increasingly common way for large companies to secure clean energy and meet their climate targets, but typically have durations of 10 years or more LONDON : SSE and TotalEnergies will later this year launch tenders offering corporate customers power from their Seagreen offshore wind project for five-year terms, […]
Renewable Power Covers 29% of China’s Electricity Usage in 2020
Renewable power sources covered 28.8% of China’s electricity consumption in 2020, up 1.3 percentage points from 2019, the country’s National Energy Administration (NEA) said in a statement on Monday. China’s state planner in 2016 launched a scheme asking grid firms in some northern and northwestern to buy electricity generated by solar and wind power stations. […]
Japan to Promote Renewable Power And Reduce Fossil Fuel Imports During 2021-2030
Japan will focus on renewable power to reduce reliance on nuclear power as well as the cost of importing fossil fuels. Japan has no grid interconnections with other countries and has to generate power on its own. Prior to the Fukushima disaster, nuclear power was expected to be a dominant source of power, and until […]
IKEA To Help Suppliers in India, 2 Other Markets Transit to 100% Renewable Power
Swedish home furnishing retailing major IKEA on Thursday said it will launch a programme in India, Poland and China this year, helping suppliers there transit to 100 per cent renewable electricity. Under this initiative, the company would invest and support nearly 1,600 direct suppliers, IKEA said in a statement. IKEA is striving for 100 per […]
Vietnam May Have to Reduce Renewable Power in Next Five Years: Institute
It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy. A wind power farm in Phu Yen province. Hanoi : It is likely that Vietnam will […]
Electrolyser Maker Green Hydrogen Set For June IPO With $490 mln Valuation
Gross proceeds from the listing is expected at around 1 billion crowns after IPO costs, the Danish firm said in a prospectus ahead of its listing on Copenhagen’s stock exchange, adding that it expects first day of trading on June 25. COPENHAGEN: Green Hydrogen Systems, which makes electrolysers to produce hydrogen derived by using renewable […]
CleanMax Wins ‘Wind Solar Hybrid Project of the Year’
Wind Solar Hybrid Project of the Year was awarded to CleanMax Enviro Energy Solutions Pvt. Ltd. The award was presented at India National Level Solar eAwards 2020-21 on May 26, 2021. Tejus AV, Head- Wind and Solar Farm received the award. Cleanmax won the award for 8.4 MW Wind and 10.2 MWp Solar project in […]
Aker Horizons Closes Transaction to Acquire Mainstream Renewable Power
Aker Horizons ASA (“Aker Horizons”) has finalized and closed the transaction to acquire Mainstream Renewable Power Ltd. (“Mainstream”), a global pure-play renewable energy company. Existing Mainstream shareholders have re-invested and retain 25 percent ownership in the company. As part of the transaction, Aker Horizons also acquired an interest in superconductor technology company SuperNode. The transaction […]
China to Add at Least 90 GW Wind and Solar Capacity to the Grid in 2021
China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Thursday, as part of a new policy initiative aimed at meeting its low-carbon targets. The NEA also said it will set targets for the transmission […]
Gautam Adani Overtakes China’s Zong Shanshan to Become Asia’s 2nd Wealthiest
As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Billionaire Gautam Adani’s wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. Billionaire Gautam Adani’s net worth has soared past China’s Zong Shanshan to make […]