Disruptive innovation almost always takes the incumbent by surprise. Successful organisations are very often good at sustaining innovation (that is, incrementally improving their business model), but they’re generally unwilling to foster disruptive innovation, and are often structurally or culturally unable to. But those disruptive innovations can blow their business model away—and by the time they […]
Replacing Coal Plants With Renewables Is Cheaper 80% of the Time
Replacing Coal Plants With Renewables Is Cheaper 80% of the Time. About 80% of U.S. coal plants are now more expensive to keep running than to swap out for new wind and solar capacity, according to a report from Energy Innovation, a non-partisan climate and energy think tank…Read More…
Low Carbon, Solar Future Could Increase Jobs in the Future – SAPVIA
The South Africa Photovoltaic Industry Association (SAPVIA) has launched a first of its kind report that details the impact of solar PV on South Africa’s employment statistics. Launching the Solar PV Industry Jobs Report, SAPVIA COO Niveshen Govender, said: “The impact of COVID-19 on the South African economy will be long lasting, but it also […]
Building Australia’s First-Ever Offshore Wind Farm
It is very hard to give up on one’s own resource bounty and Australia knows it only too well. Endowed with the world’s third-largest coal reserves coupled with ample hydrocarbon plays in offshore deposits, many of which are still yet to be assessed and located, Australia’s energy transition to include more of renewables into its […]
Iraq Wants Aid, but Saudi Arabia and the UAE See Investment Opportunity
To help weather the coming energy transition, Gulf countries are plowing money in renewable development abroad. In March and April, Iraqi Prime Minister Mustafa al-Kadhimi visited Saudi Arabia and the United Arab Emirates in search of financial aid. What he got instead was a commitment of investment: $3 billion from each government. And both capitals […]
Sungrow Global Market Share Reaches 27% in 2020
HEFEI, China : Sungrow, the global leading inverter solution supplier for renewables, has released the annual report 2020 to shareholders, reporting that the fiscal performance remains prosperous and the global market share reached 27% in 2020. Financials in 2020 The revenue increased by 48.3% to $2.956 billion (2019: $1.864 billion).The net income attributable to shareholders […]
German’s Blue Elephant renewables firm preparing for IPO
Blue Elephant has 1.1. Gigawatts solar and wind parks all over Europe. Recently, Blue Elephant Energy AG signed a 500MW deal of solar portfolio. Now, the company is getting ready for IPO listing as the fundings have gone low compared to the demand. Their stock market floatation is expected to be around $1 .2 billion […]
6 African cities leading the way to a green future
African cities are forecast to be home to an extra 950 million people by 2050, according to the OECD. Sustainable energy thinktank REN21’s Renewables in Cities: 2021 Global Status Report highlights actions being taken towards green energy transition in six cities on the continent. Transport is often a key driver of total final energy demand, […]
Saudi Arabia solar target raised after seven projects added including record low cost
HIGHLIGHTS Record low electricity cost of 1.04 cents/kWh Sakaka is Saudi Arabia’s first renewables project Other project costs at 3.40-4.90 cents/kWh Dubai : Saudi Arabia is closer to developing 3.3 GW of solar capacity up from only 300 MW currently operational as plans were announced earlier this month for seven projects, according to a new […]
Italy to produce 70-72 per cent of power from renewables in 2030 to reach EU targets
He added Italy would have to install 65-70 gigawatts of renewable energy over the next decade and that the remaining 28 per cent of energy would be produced with natural gas. MILAN: Up to 72 per cent of Italy’s electricity will have to be produced with renewable sources in 2030 in order for the country […]
