The investment will be focused on electricity infrastructure, renewable sources and cross-border interconnections. Italy-based transmission system operator (TSO) Terna has announced a €10bn ($11bn) investment in Italy’s energy transition, energy independence and decarbonisation efforts. The company’s board approved the investment as part of its 2021-25 ‘Driving Energy’ industrial plan. Terna aims to bolster its role […]
Energy transition to create 3.2 million jobs by 2050, says Bhagwanth Khuba – EQ Mag Pro
The minister of state for new & renewable energy was speaking at a curtain raiser event for the third edition of Hybrid Conference & Digital Exhibition on ‘Aatmanirbhar Bharat – Making India a Global Manufacturing Hub for Renewable Energy’ organised by industry body CII. The Indian economy has not been able to generate enough jobs […]
Indonesia’s Pertamina Accelerates Energy Transition – EQ Mag Pro
Becoming a Global Energy Company JAKARTA : State-owned PT Pertamina (Persero), an energy company that has been active in the global arena, reaffirmed its commitment as a company that cares about the environment, social aspects and good corporate governance, setting the energy transition program as the company’s top priority. President Director & CEO Nicke Widyawati […]
ADB President Reiterates Need for “Just, Inclusive” Energy Transition at G20 Event – EQ Mag Pro
MANILA, PHILIPPINES : Asian Development Bank (ADB) President Masatsugu Asakawa today reiterated the importance of a just and inclusive transition to a low-carbon future and stressed the need for urgent collective action against climate change at an event organized under the G20 Presidency of Indonesia. “The battle against climate change will be won or lost […]
50Hertz increases investments in grid infrastructure to accelerate the energy transition, 50Hertz plans to invest up to €5.6 billion – EQ Mag Pro
The electricity transmission system operator 50Hertz increases investments in the infrastructure required for the transport of renewable energies. One focus of 50Hertz is on grid connections for large offshore wind farms in the Baltic and the North Sea. 50Hertz wants to boost the connection capacity for offshore wind farms from around 1 GW today to […]
Black & Veatch: Decarbonization Roadmaps First Step to Fair Energy Transition in Asia – EQ Mag Pro
Customized, implementable decarbonization roadmaps key to advance the region’s climate and sustainability agenda SINGAPORE : Clear and ambitious decarbonization roadmaps will help Asia achieve an equitable energy transition, yet more than 50 percent of industry respondents in Black & Veatch’s 2022 Asia Electric Report lack such plans. As more integrated generation, transmission and distribution energy […]
Leveraging infrastructure investment to meet net-zero goals – EQ Mag Pro
Investors have critical roles to play in delivering sustainable infrastructure to address the rising risks of climate change. Developing innovative solutions can accelerate the energy transition. In November 2021, 120 world leaders representing 197 states converged in Glasgow for the COP26 UN Climate Change Conference.1 There, they discussed the next decade of climate action and […]
Budget 2022 Focuses on Energy Transition, Increases Allocation for Renewable and Atomic Energy – EQ Mag Pro
While the world is marching towards green solutions to combat the climate crisis, India, too, is on the lookout for phasing down fossil fuel and expanding cleaner energy sources. From electric vehicles to solar cells, India is doubling down for ‘green’ and renewable energy sources to reduce its dependence on carbon-intensive sources like coal. The […]
GLOBAL INVESTMENT IN LOW-CARBON ENERGY TRANSITION HIT $755 BILLION IN 2021 – EQ Mag Pro
BloombergNEF’s annual investment report records a 27% rise from 2020 to 2021, with almost half of all investment occurring in Asia London, January 27, 2022 – Global investment in the energy transition totaled $755 billion in 2021 – a new record – off the back of rising climate ambition and policy action from countries around […]
Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro
Major step in supporting the sustainability of Essar Oil (UK) Limited Stanlow: Essar today announced that it has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to […]
