Equinor will increase the share of investment it dedicates to renewable energy and so-called low-carbon solutions as it seeks to broaden its business, the Norwegian oil and gas producer said in a strategy update on Tuesday. The company will increase its dividends and introduced a new share buyback initiative, it said. Equinor will increase the […]
Japanese Coal And Oil Giants to Build Big Solar Farm in Queensland
Japanese coal miner Sojitz and its oil company partner Eneos are to build a 204MW solar farm in the Western Downs region of Queensland in a first step to pursue green hydrogen opportunities in Australia. The Queensland government announced the investment on Thursday, on the same day it revealed it would create a $2 billion […]
Egypt Planning $4Bn Green Hydrogen Gas Project
The Ministry of Electricity and Renewable Energy has set a goal for 42 percent of the total energy produced in Egypt to be sourced from renewables by 2035. CAIRO: Egypt is planning to invest up to $4 billion in a project to generate green hydrogen gas through water electrolysis, according to the Egyptian Minister of […]
Renewables Giant Jumps in Debut After Biggest 2021 China IPO
China Three Gorges Renewables Group Co. surged 44%, the daily limit, in its trading debut as investors sought to gain from the country’s push toward cleaner energy. The unit of China Three Gorges Corp. saw its shares climb to 3.82 yuan apiece in trading Thursday on the Shanghai stock exchange, from its IPO price of […]
Finance Risks Falling Behind In a Greening World
The effects of climate change are all around us. Last year was the hottest on record; the last decade, the hottest ever recorded. Almost a decade and a half after the global financial crisis, experts warn that the effects — from rising sea levels, flooding, droughts and wildfires — could make financial crises more than […]
Sungrow Partners With Krannich Solar to Broaden Distribution Channels
MUNICH : Sungrow, the global leading inverter solution supplier for renewables, announced a new partner, wholesaler Krannich Solar, to distribute the Company’s broad product portfolio in Europe, further facilitating the economic decarbonization in more markets. Sungrow is poised to meet a wide range of applications in distributed generation markets with a comprehensive product portfolio covering […]
Green Hydrogen Leads Off US Energy Earthshots in ‘All Hands on Deck’ Technology Call
First ‘shot’ from new Department of Energy initiative announced by secretary of energy Jennifer Granholm aims to slash the price of green H2 by 80% in the next ten years. The US aims to slash the cost of green hydrogen production by 80% in the next decade in the first of a series of ‘energy […]
Sembcorp Industries Announces Inaugural S$400 Million Green Bond Offering to Support Its Growing Renewables Portfolio
First Certified green bond under the Climate Bonds Standard by a Singapore-based energy company Competitive pricing achieved with a “Greenium” that reflects strong interest for Sembcorp’s Green Bonds Sembcorp Industries (Sembcorp) today announces the successful pricing of its inaugural S$400 million green bond offering (Green Bonds). Through its wholly-owned subsidiary Sembcorp Financial Services (SFS), Sembcorp […]
UK Government’s US$100m Long-Duration Energy Storage Funding Competition Underway
UK-headquartered Highview Power has developed a long-duration technology based on liquid air called the CRYOBattery, and has already begun building large-scale commercial projects. Details of the UK government’s upcoming £68 million (US$96.12 million) long-duration energy storage innovation competition have been revealed, with an event to provide application support this month. First announced by the government […]
The US Set a Record for Renewables in 2020, But More Is Needed
Despite the challenging economic conditions created by COVID-19, 2020 was a record year for clean energy development in the United States, with the country nearly doubling the capacity installed in 2019. According to Bloomberg New Energy Finance, the U.S. installed 35 gigawatts (GW) of new renewable generating capacity in 2020, enough to power 9 million […]
