Perak will enter the renewable energy sector through a collaboration between the Perak State Development Corporation (PKNP) and Gading Kencana Sdn Bhd to build a solar farm in Bidor. Mentri Besar Datuk Saarani Mohamad said the green energy development agenda was a step by PKNP to form a strong economic chain with high potential and […]
BlackRock Real Assets Achieves a US$4.8 Billion Final Close for Global Renewable Power Fund III
Third vintage of flagship renewable power fund is largest yet, significantly exceeding the initial target. Global Renewable Power Fund III becomes largest independent climate infrastructure fund globally1. NEW YORK : BlackRock Real Assets has successfully achieved a US$4.8 billion final close of Global Renewable Power Fund III (“GRP III” or the “Fund”) with commitments from […]
Biden proposal: $174 bn for EVs, new funds for renewable power
US President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change, Reuters reported. The $2 trillion plan, which also seeks to invest in traditional projects like roads […]
Biden proposal: $174 billion for EVs, new funds for renewable power
President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change. The $2 trillion plan, which also seeks to invest in traditional projects like roads and bridges, is […]
Biden’s solar dreams collide with outrage over China’s ‘genocide’
President Joe Biden’s White House is trying to reconcile his desire to ratchet up U.S. renewable power generation with his outrage over alleged Chinese human rights abuses in Xinjiang, a major supplier of a key component in solar panels…Read More…
Qair brings live Nestle-contracted solar plant in Morocco
French renewable power producer Qair on Monday announced the commissioning of a ground-based photovoltaic (PV) plant in Morocco that will be supplying Swiss food and drinks giant Nestle SA (VTX:NESN). Located at the site of Nestle Morocco’s factory in El Jadida, the solar park is equipped with 2,600 PV panels that cover a total area […]
Hydrogen project pipeline tops $300 billion—report
Most of the world’s planned hydrogen projects and the biggest chunk of related investments this decade are expected to be in Europe, an industry report said on Wednesday, as the continent races to scale up the low-carbon fuel to meet climate goals. The European Union has made hydrogen a key plank in its aim to […]
Floating solar panels on 1% of reservoirs ‘could double’ Africa’s hydropower capacity
Floating solar could be a valuable tool to help African nations expand their power infrastructure sustainably, according to a new study and an energy expert. If panels covered 1% of reservoirs, this alone could double African hydropower capacity and increase electricity generation from dams by 50%. But unknowns remain, such as the impacts on water […]
Total to outpace Iberdrola and Orsted on renewable power capacity
Analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals Total will outpace clean energy majors Iberdrola and Orsted on renewable power capacity by 2030. The insight highlights the oil and gas major’s ambitions to reach 100GW of renewable power capacity by 2030, eclipsed only by utility Enel which aims to have 145GW. In […]
China plans to raise minimum renewable power purchase to 40% by 2030 – govt document
CHINA-CLIMATECHANGE/China plans to raise minimum renewable power purchase to 40% by 2030 – govt document BEIJING : China will force regional grid firms to buy at least 40 per cent of power from non-fossil fuel sources by 2030 in order to meet the country’s climate targets, according to a new government document seen by Reuters. […]