As part of an investigation into the awarding of contracts to independent renewable power producers. South Africa’s graft ombudsman will hold a week of hearings as part of an investigation into the awarding of contracts to independent renewable power producers. The probe was established in 2019 after a complaint by a non-governmental organization that alleged […]
Power producers can now replace thermal with renewables under existing PPAs – EQ Mag Pro
The Ministries of Power, and New and Renewable Energy have revised the relevant norms as part of the larger efforts to have 500 GW of clean energy generation capacity by 2030 In a significant move aimed at gradually reducing thermal power generation, the government has amended norms to allow power producers to bundle renewable energy […]
World’s Cheapest Renewables Will Aid India’s Push to Net Zero – EQ Mag Pro
India has an ace up its sleeve to help reach its surprising announcement to zero out emissions by 2070: some of the world’s cheapest renewable power. Abundant land, cheap labor and reliable sunshine and breezes make India home to the lowest-cost solar power and second-lowest onshore wind among 54 countries covered by BloombergNEF’s analysis of […]
AIIB Increases Funding for Renewables in Turkey Through TKYB – EQ Mag Pro
Additional USD100M for Renewable Energy and Energy Efficiency Projects The Asian Infrastructure Investment Bank has approved an additional loan of USD100 million to Türkiye Kalkınma ve Yatırım Bankası (TKYB) for the TKYB Renewable Energy and Energy Efficiency On-Lending Facility established to invest in renewable energy and energy efficiency projects. This approval will increase AIIB’s loan […]
Japan aims for 36% to 38% of energy to come from renewables by 2030
TOKYO : Japan has set an ambitious target for renewable energy in the nation’s electricity mix by 2030 as it aims to tackle climate change and achieve its 2050 carbon neutral goal. Under the plan, put forward in July and approved by Japan’s cabinet on Friday (Oct 22), renewables should account for 36-38 per cent […]
Iberdrola Shuns Renewables Auction, Blaming Uncertainty in Spain
Iberdrola SA skipped an auction for new wind and solar energy capacity in Spain in the latest show of unease by the country’s largest utilities at government attempts to contain energy costs. The company, one of the world’s biggest clean energy developers, didn’t take part in Tuesday’s sale process due to regulatory uncertainty that’s made […]
Fujitsu Sources 100% of Energy Needs for Global HQ from Renewables – EQ Mag Pro
TOKYO : Based on its medium- and long-term environmental vision, the “Fujitsu Climate and Energy Vision,” Fujitsu Limited demonstrated its commitment to contributing to the realization of a carbon-neutral society and adaptation to climate change with a pledge to source 100% of its energy needs for its global Shiodome HQ building from October 2021. For […]
BP gambles big on fast transition from oil to renewables – EQ Mag Pro
All oil majors face mounting pressure from regulators and investors worldwide to develop cleaner energy and divest from fossil fuels, a primary source of greenhouse-gas emissions that cause global warming. LONDON : Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel pipes and cooling towers that showcases the […]
India’s coal-fired power output falls 1.5%, renewables jumps in September – EQ Mag Pro
Renewable energy output rose 53.6% in September, driven by a more than doubling of wind power production and an 18.6% rise in solar power generation, the POSOCO data showed, making up for a 5.3% fall in hydro power output, and a 33.7% decline in gas-fired power. India’s coal-fired electricity generation so far this month fell […]
Vietnam to launch new price mechanism for rooftop solar – EQ Mag Pro
Vietnam’s government is drafting a new price mechanism for rooftop solar to replace existing feed-in-tariff (FIT) regime. Speaking at an industry seminar, Pham Nguyen Hung, deputy director of Vietnam’s Ministry of Industry and Trade (MoIT), said that the MoIT is currently drafting a framework to develop renewables including ground solar, rooftop solar and floating solar, […]