Riyadh : ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, has signed a Memorandum of Understanding (MoU) with Neutral Fuels, the GCC’s largest biofuel producer, for future collaboration on the supply of its Net Zero Biofuel™ for Saudi Arabia’s most ambitious regenerative tourism project on the Red […]
Spain Positions Itself to be Europe’s Green Hydrogen Hub
Toledo, Spain : Spain is in the “best conditions” to become Europe’s green hydrogen hub, Spain’s Prime Minister Pedro Sanchez said on Monday. Sanchez spoke after US engine maker Cummins announced on Monday it would build a plant in Spain to make electrolyzer systems to produce green hydrogen, a zero-carbon fuel created using renewable energy […]
Adani Green to Buy SB Energy’s 5 GW Renewable Portfolio for USD 3.5 Billion
Ahmedabad: Adani Green Energy Limited (AGEL), signed definitive agreements for the acquisition of 100 per cent interest in SB Energy India on May 19, 2021. Earlier, AGEL owned 80 per cent stakes in SB energy and the remaining 20 per cent was owned by Bharti Group. Reportedly, the transaction is for a fully completed enterprise […]
UAE’s Masdar Set to Make First Renewable Push Into Greece
Clean energy major announces plan to develop a 65MW solar project on site 65km north of Athens. Masdar, the Abu Dhabi-based renewable energy company, and Taaleri Energia have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG), a statement […]
Fluence Signs 1.5 GW of New Contracts to Optimize Trading of Renewable & Energy Storage Assets in Australia
Fluence Trading Platform now optimizing nearly 18% of all grid-scale wind and solar energy assets in the NEM. ARLINGTON, VA, USA : Fluence, a leading provider of energy storage technology, services and bidding optimization software, today announced that it has secured approximately 1.5 GW of new wind, solar and battery energy storage contracts for its […]
Reliance Power Q4 Turns to Net Profit of Rs72.56cr After Massive Rs-4206cr Loss in Mar-20 Quarter
Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. Reliance Power Ltd reported -7.98% yoy fall in consolidated sales revenues for the Mar-21 quarter at Rs1,654.57cr. In the midst of the challenges of COVID, Reliance Power managed to achieve 96.25% plant load factor (PLF) at its 3,960 […]
Portfolio Mix, Debt Structure Drive APAC Renewable Issuers’ Ratings
Fitch Ratings-Singapore-03 May 2021: Portfolio mix, debt structure and financial profile are the key rating differentiators for APAC renewable issuers rated under Fitch Ratings’ Infrastructure and Project Finance Rating Criteria, says the agency in a peer review. The underlying credit assessments of 10 rated portfolios range from ‘bb-‘ to ‘bbb’. Fitch considers variance in actual […]
COVID Second Wave Can Hit Energy Demand in April-June Quarter: Report
The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra New Delhi: Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, India […]
Harnessing Renewable Hydrogen for Long Term Energy Storage
A reliable and affordable energy system is essential to the operation of nearly every function of the economy. One of the biggest challenges facing grid operators is to find cost effective ways to balance renewable energy production with demand. While batteries provide some flexibility, the ability to store large quantities of low-cost energy over long […]
KitKat to be carbon neutral by 2025, boosting sustainability efforts
KitKat, one of the world’s most popular chocolate brands, has today pledged to become carbon neutral by 2025. KitKat aims to reduce the emissions generated through the sourcing of its ingredients, the manufacturing of the product and its distribution by more than 50% as part of the plan. Most emissions occur when producing KitKat’s ingredients […]