“A more responsive and interconnected power system is emerging. This changing energy landscape offers new opportunities”. UAE government reaffirms its commitment to cut CO2 emissions. The UAE Minister of Energy and Infrastructure, HE Suhail Al Mazrouei, has reiterated the UAE’s commitment to reduce carbon dioxide emissions by 70% and increase clean energy use by 50% […]
Gravitricity Adds Hydrogen to the Underground Energy Storage Mix
Scottish Energy storage company Gravitricity has revealed plans to add hydrogen and heat storage to their underground gravity energy system. Gravitricity has submitted a global patent to turn purpose-built shafts into pressurised energy stores, capable of safely accumulating significant quantities of the gas. “The future hydrogen economy will need to find economic and safe ways […]
Ayala Group, UPC Start Construction of Philippines’ Biggest Wind Farm
An AC Energy wind turbine in Iloilo.The Ayala Group’s energy arm AC Energy Corporation and its partner UPC Renewables have started the construction of a P11.4-billion wind farm in Ilocos Norte, set to be the country’s biggest wind farm to date. Located in Pagudpud in Ilocos Norte, the 160-megawatt Balaoi & Caunayan wind farm is […]
RWE Teams Up With Facebook for 150 MW of US Solar
The solar farm is to be located in Shelby County, an area the Tennessee Valley Authority is working to expand renewable generation capacity in through its Green Invest programme. A 150MW solar farm under development in Tennessee, US, is to power Facebook’s data centre in the state. The social media giant is to use 110MW of […]
RELEASE: HSBC Partners With WRI and WWF to Scale Next Generation Solutions to Climate Change
The US$100m global initiative aims to accelerate efforts to build a net zero global economy, forms part of HSBC’s climate strategy. LONDON : HSBC, in partnership with World Resources Institute (WRI) and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three […]
Canada Pension Plan Investment Board Eyes Assets in Shift to Clean Energy
TORONTO: The Canada Pension Plan Investment Board (CPPIB) is hunting for investments in the world’s transition to renewable energy as it aspires to be a global leader in sustainability, the head of the company told Reuters on Thursday. “One of the keys here is investing in the transition with a view that for the world […]
AC Energy to Build Philippines’ Largest Wind Farm at Cost of $239 mln
AC Energy aims to complete the project in the last quarter of 2022 and put the wind farm, which will consist of 32 wind turbines supplied by Siemens Gamesa, into full commercial operation by 2023. AC Energy Corp, the power generation unit of Philippine conglomerate Ayala Corp, will build an 11.4 billion-peso ($239 million) wind […]
ENGIE : Utility Engie to Boost Investments in Renewables and Step Up Asset Sales
PARIS : French power company Engie announced on Tuesday plans to boost investments in the renewables sector and step up disposals of non-core assets, as part of a strategic program to improve its business performance. Engie said it was targeting between 9-10 billion euros ($11-$12 billion) worth of disposals over 2021-2023, which in turn would […]
Philippines’ Further Shift to Clean Energy
The country’s energy grid continues to shift away from traditional sources and further to renewable ones. This was highly noticed in the past months as concerns on individual health and environmental welfare heightened amid the coronavirus disease 2019 (COVID-19) pandemic. Hearing the louder call to harness cleaner sources of energy, both public and private sectors […]
Mitsui Plans Solar Plant in Philippines With Local Partner
Japanese company Mitsui and Philippine independent power producer Global Business Power Corp will jointly develop a 115 megawatt (MW) solar project in the Philippines. It is reported that the project will be located in the northern province of Rizal and is expected to cost ¥7 billion yen ($63.8 million). 40% of the cost will be […]