Cooperation on the world stage is critical for minimizing climate change, but it’s in short supply right now, says Wood Mackenzie’s 2019 Energy Transition Outlook. Rising economic nationalism in the U.S. and China is dominating news headlines and making waves across the global economy. Less appreciated is the threat it poses to the energy transition. […]
NTPC inks two agreements with PNB for Rs. 650 crore
NTPC’s joint venture firm NSPCL has inked two agreements with Punjab National Bank (PNB) for Rs. 650 crore for financing two projects. The agreements are for part financing of two of its under-construction projects at Durgapur (2X20 MW) for Rs. 100 crore and Rourkela (1X250) for Rs. 550 crore. NSPCL is a joint venture of […]
BATTERY POWER’S LATEST PLUNGE IN COSTS THREATENS COAL, GAS
Lithium-ion batteries and offshore wind both see dramatic gains in competitiveness during the last year compared to longer-established energy options London and New York: Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the […]
How Should EV Owners Pay for Use of the Roads?
A new UC Davis report studies the optimal way to collect road user fees from drivers of electric vehicles. Drivers who make the switch to an electric vehicle from a gasoline-powered car stand to save big on fuel spending. Roads, meanwhile, lose out on a revenue-generating opportunity. The rise of EVs has prompted an important […]
Equinor seeks oil, gas, renewable investments in India: CEO
OSLO: Norwegian energy firm Equinor is exploring investment opportunities in India, its chief executive told Reuters on Wednesday. “We are looking at India both from oil and gas, but also from the renewables. It’s a very early (stage), but we need to be on the ground,” Eldar Saetre said on the sidelines of a business […]
For Oil Majors Investigating Clean Energy, It’s About Balancing Risk and Return
“Most of them understand this is the future.” Oil and gas companies are used to taking big risks, but they’ve also grown accustomed to large payoffs. That paradigm doesn’t necessarily translate easily to the renewables market, where relatively low risk translates to low, but mostly guaranteed, returns. “That’s the key pushback we get when we […]
