South African power utility Eskom Holdings SOC Ltd. has reduced its debt to less than 400 billion rand ($28 billion) as discussions ensue to secure funding for a transition to renewable energy, said Public Enterprises Minister Pravin Gordhan. The state-owned company announced in May it had reduced debt by a fifth to about 401 billion […]
Selecting the Best Inverter And Ensuring a Stable Income
With the rising cost of electricity and the shift toward cleaner energy, more and more people are looking to solar power as an alternative to conventional energy. The increasing maturity of solar power technologies and products, makes it possible nowadays to turn house, industrial and commercial roofs into solar power installations. For the end-user, a […]
World’s Biggest Wind Farm May Be Answer to Korea’s Net-Zero Dream
The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. He’s OK with that. “I initially opposed the idea when the plan was proposed because it will destroy our livelihood,” said Jung, who leads a […]
Greece eyes 44 bln euros in investment in switch to cleaner energy
ATHENS: Greece hopes to generate investment worth about 44 billion euros ($49 billion) over the next decade on projects to reduce its dependence on fossil fuels, authorities said on Thursday. A gameplan approved by the cabinet on Thursday showed Greece will try to reduce its carbon footprint by more than 55 percent by 2030 […]
Coal here to stay despite India’s ambitious goals for renewable energy
India wants to move towards cleaner energy sources, but cost and other factors make it a tall task. Coal is dirty. Really dirty. There is no getting around that fact. It is responsible for 40% of carbon dioxide emissions from fossil fuels. Mining coal wreaks havoc on the environment and on the people who live […]
South Korea steps up shift to cleaner energy, sets long-term renewable power targets
SEOUL: South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on Friday, over four times the current amount. Asia’s fourth-largest economy has been pushing to shed its heavy reliance on coal and nuclear power, […]
