The country’s current installed generation capacity is around 3,79,000 MW. Of this coal based capacity is roughly over 2,05,000 MW while renewables is around 1,30,000 MW. New Delhi: Coal based power plants would remain the major contributors to India’s energy needs over the medium term, but the composition is set to witness a major change […]
Orix installs solar-plus-storage systems on Valor sites in Japan
The dedicated renewables business of Japanese financial services group Orix Corp has installed solar arrays with energy storage components at two stores in Japan owned by local chain Valor Holdings Co Ltd. The two solar plants have a combined capacity of 532 MW and each has a 159-kWh lithium-ion battery system. They were installed at […]
Edelweiss infra fund snaps up 74 pc stake in Engie Group”s India solar assets for USD 550 mn
Mumbai: Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund from the Edelweiss Group, on Thursday snapped up a controlling 74 per cent stake in French utility Engie Group”s solar assets in India for a reported USD 550 million. The Engie Group has 813 MW of operational solar assets in the country, and it plans […]
Green hydrogen has role to play in wind, solar energy in Africa
Africa has considerable potential to generate solar and wind energy at a low cost, as it hosts many areas of high solar irradiation and good wind speeds. There is also potential to transport that energy to other areas where there is high demand for green energy to produce hydrogen, Delft University of Technology Professor Dr […]
Bitcoin mining can be a ‘bridge’ to a renewable energy future by supporting green projects, a leading North American miner says
Bitcoin can be at the heart of the transition towards renewable energy, Foundry boss Mike Colyer said. He said bitcoin mining can help renewable projects manage oversupply and support more investment. Many remain unconvinced, with Bank of America attacking bitcoin’s energy use this week. Bitcoin mining can help the development of renewable energy technologies by […]
Sustainable future: Are electric vehicles as environment friendly as you believe
Electric vehicles are far cleaner than their fuel-based counterparts. As they become mainstream, we must develop green techniques to manufacture and power them. KEY HIGHLIGHTS Extraction and manipulation of rare-earth elements for production of batteries of electric cars cause emissions. To achieve sustainability through electric mobility, we must end our relationship with carbon-intensive means of […]
Six charts show how hard it is for India to hit net zero by 2050
The world’s third-biggest emitter has to meet the aspirations of 1.4 billion people for faster economic development, which will only happen with an accelerated pace of industrialization and energy demand. New Delhi: Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Doing so would mean an […]
Tectonic shift: How China’s push for energy security is changing the world
In setting its goal of carbon neutrality by 2060, China’s ultimate aim is to go from dependence on the rest of the world for imported fossil fuels to dominating the supply chains of clean energy that the world will need to decarbonise. In the 3rd edition of our new Horizons series, Gavin Thompson, Vice Chair […]
SunHydrogen partners with SCHMID Group
SunHydrogen, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced an agreement with SCHMID Group of Germany to design and define a process platform that enables mass manufacturing of SunHydrogen’s Gen 2 NanoParticle hydrogen panels. Founded in 1864, SCHMID Group employs over 700 professionals working across […]
U.K. Pension Fund Nest to Invest $347 Million in Renewable Power
Nest Corp., the U.K.’s biggest pension fund by members, will invest 250 million pounds ($347 million) in renewable energy through a partnership with investment manager Octopus Renewables. Nest’s managers are looking to diversify the fund’s holdings and support the transition toward clean energy. It’s part of a growing wave of investment by institutional investors into […]