Home Tag "energy"

SAEV to invest $500m in renewables and energy efficiency technologies to diversify its energy mix

SAEV to invest $500m in renewables and energy efficiency technologies to diversify its energy mix, says GlobalData Saudi Aramco Energy Ventures (SAEV), the corporate venture capital arm of Saudi Aramco, is planning to set up a $500m fund to promote energy efficiency and renewable energy solutions. Bhavana Sri Pullagura, Power Analyst at GlobalData, comments: “The […]

Renewable energy: Curtailment is a bane that must be done away with

If solutions to the problem are not found, it will add to the operational risk of renewable energy projects, discouraging investments ‘Curtailment’ of power generated by wind and solar projects is a persistent problem for renewable energy (RE) developers in India despite a ‘must-run’ assurance in regulation. ‘Curtailment’ refers to an action under which off-take […]

Artificial Intelligence: Disrupting the Energy Sector for the Better

Artificial intelligence (AI) is quickly finding its way into every industry and sector. Today’s supercomputing semiconductor chips can execute thousands of calculations at once. And they do it at speeds of billions of times per second. This means energy, engineering, finance, healthcare, manufacturing, telecommunications and transportation are all benefitting in some form from AI. In 2017, the global AI market was worth […]

ADB Inaugurates Project to Replace Diesel Systems with Solar Hybrid Across Maldives

MALÉ, MALDIVES: The Asian Development Bank (ADB) and the Environment Ministry of the Maldives have inaugurated the implementation of a solar–battery–diesel hybrid system in 48 islands under the flagship Preparing Outer Islands for Sustainable Energy Development (POISED) Project to help the country tap solar power and reduce reliance on costly, polluting diesel. The POISED Project […]

India’s energy demand is set to double by 2040

IEA Launches First In-depth Review of India’s Energy Policies In partnership with NITI Aayog, International Energy Agency (IEA) today released the first in-depth review of India’s energy policies. The report highlights the achievements of India’s energy policies and provides recommendations to support the government’s goals of promoting well-functioning energy markets and boosting deployment of renewables. […]