Aker Horizons ASA (“Aker Horizons”) has finalized and closed the transaction to acquire Mainstream Renewable Power Ltd. (“Mainstream”), a global pure-play renewable energy company. Existing Mainstream shareholders have re-invested and retain 25 percent ownership in the company. As part of the transaction, Aker Horizons also acquired an interest in superconductor technology company SuperNode. The transaction […]
Requesting for Clarity on Waiver of Inter-State Transmission Charges and Losses
Requesting for clarity on waiver of Inter-State Transmission charges and losses on transmission of electricity generated from solar and wind sources of energy beyond 31st December, 2022. For more information please see below link:
MOROCCO: Xlinks to bring 10.5 GW of solar and wind power to the UK
The British company Xlinks is planning to develop a solar and wind power complex in the Moroccan desert. The aim is to produce 10.5 GW of electricity that will be evacuated to the UK via 3,800 km of undersea cables. In Morocco, a new solar complex could soon overtake the Benban complex (1.65 GWp) in […]
Solar and wind could entirely displace fossil fuels by 2050 says Carbon Tracker
In less than a decade, solar power will be economic in comparison to local fossil fuels globally, while wind will be economic in more than half of cases. This is according to a new report from thinktank Carbon Tracker, which found currently around 60% of solar generation and 15% of wind generation is economic when […]
Solar and wind are leading fastest energy transition the world has seen
Solar PV and wind Arguably, the fastest change in global energy systems in history is underway. In 2020, new solar photovoltaics (PV) and wind capacity comprised 75% of global net new generation capacity (Figure 1) according to the International Renewable Energy Agency. New PV and wind capacity was 10 times larger than net new hydro […]
Central Govt Steps Up Mesures To Build Production Capacity Of Green Hydrogen: Report
Moreover, hydrogen auctions will also be conducted to cut down greenhouse gas emissions as industries will be encouraged to use the technology to store electricity and also prospectively operate vehicles. Businesses such as the fertilizer and petroleum reneries will also be mandated to buy 10 per cent of their requirements of hydrogen from domestic sources […]
Coro Energy advances Philippine solar and wind projects towards first key milestones
Coro Energy PLC updated investors following its recent acquisition of Global Energy Partnership Limited and its portfolio of operated renewables projects. According to the statement, work is underway to progress its new flagship wind and solar projects in the Philippines which will each have some 100 megawatts of capacity. Progress has included talks over energy […]
KU Leuven: Solar And Wind Energy Can Prevent Conflict In Northeast Africa
A new study shows that a massive expansion of solar and wind power in northeast Africa could ease several tensions between Ethiopia, Sudan and Egypt around Africa’s largest hydroelectric power station, the new Grand Ethiopian Renaissance Dam (GERD). Adapting the operation of the GERD to support grid integration of solar and wind power is delivering […]
Johnson Controls Introduces Lithium-Ion Risk Prevention Solution for Protection of Energy Storage Systems
Designed to help protect Lithium-Ion Energy Storage Systems (ESS) in solar and wind farms, as well as Lithium-Ion batteries used in data centers and battery manufacturing facilities • Provides rapid off-gas detection, battery stack disconnection and early intervention activation resulting in an integrated and comprehensive solution • Delivers an early warning detection of off-gases and […]
Solar and wind generation break new record in Australia’s National Electricity Market
A new record for variable renewable energy was set in parts of Australia last week, with solar and wind contributing to 46.5% of the total energy used for 30 minutes on 20 August in the country’s National Electricity Market (NEM). Output from renewables reached 11.7GW across the NEM, which interconnects Queensland, New South Wales, Victoria, […]