In Short : “The European Investment Bank (EIB) greenlights €4.3 billion in transition funding, allocating €805 million towards clean power projects, reaffirming its commitment to supporting sustainable energy initiatives and combating climate change.” In Detail : The European Investment Bank (EIB) has announced approval for €4.3 billion of new financing to upgrade the region’s transport […]
Making clean power in US gets pricier on average but cheaper for big firms – EQ Mag
NEW YORK : The average costs to produce onshore wind and solar power in the United States have increased for the first time since 2009 as steel and silicon became more expensive and supply chains were disrupted, research from investment bank Lazard showed on Wednesday. President Joe Biden is among world leaders who hope that […]
India needs to double share of clean power to meet climate goals – EQ Mag
The share of clean sources in India’s power generation capacity should surge to 90% by 2047 more than double, federal Power Secretary said. The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, federal […]
Eskom signs land lease agreements with independent clean power generators for 2 GW in South Africa – EQ Mag Pro
In response to the President’s call for “an ambitious, bold and urgent response to the energy crisis”, Eskom today signed lease agreements with four independent power producer investors for the commercial lease and use of land parcels at two of its power stations in Mpumalanga province for the construction of new clean energy generation capacity. […]
Sungrow Energizes Beijing 2022 Winter Olympic Games with Clean Power – EQ Mag Pro
Beijing, China : Sungrow, the global leading inverter solution supplier for renewables, announced the Company supplied string inverter solutions to the PV plant installed on the rooftop of the National Speed Skating Oval (known as “The Ice Ribbon”) in Beijing. The venue will host speed skating during the upcoming 2022 Winter Olympic Games. This marks […]
Clean-Power Developers Warn Billions at Risk in Plea to Congress – EQ Mag Pro
Almost 300 renewable power developers and manufacturers are appealing to congressional leaders to advance the climate provisions in President Joe… Read More… Source : bloombergquint
Laggards in global clean power transition split evenly between rich and poor, says GlobalData – EQ Mag Pro
As the COP26 meeting in Glasgow gets underway, many countries are behind on their targets for increasing the share of renewables in power generation no matter their income levels, partly as a consequence from delaying mobilising at least $100bn in climate finance. Barbara Monterrubio, Energy Transition Analyst at GlobalData, a leading data and analytics company, […]
Global Energy Crisis Is the First of Many in the Clean-Power Era – EQ Mag Pro
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the U.K. to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets and supply squeezes for decades. […]
When the Wind Drops And the Sun Goes Down: How Can Southeast Asia Handle Fluctuating Clean Power Supply?
While solar and wind help countries meet energy security and environmental objectives, their variable nature poses challenges to electricity grids that require utilities to rethink operations. A technician cycles past the 73-megawatt Lopburi Solar Farm in Thailand’s Lopburi Province. Because solar power generation can be disrupted by cloud cover, it poses challenges to electricity grids. […]
RE100: Clean Power Initiative Struggles to Catch On in Indonesia
A global initiative that encourages corporations to commit to using only renewable energy is hoped to boost renewables in Indonesia’s energy mix, but experts say its success hinges on the government creating an enabling environment. Initiated by US-based NGO The Climate Group, RE100 has seen constant growth in its worldwide membership over the past years, […]