The energy sector needs collaborative measures not to exacerbate the perils of global warming.We are excited to welcome Chubu Electric as OMC Powers new partner and are looking forward to a long-term collaborative working with cross-learnings to improve OMCs energy generation, storage and distribution portfolio. OMC Power is excited to announce its new partnership through […]
ÖBB announces investment of €1 billion in renewable energies by 2030 – EQ Mag Pro
ÖBB will invest in hydroelectric power plants, photovoltaic systems, and traction current from wind power by 2030 to achieve their sustainability goals. ÖBB has announced the intention to invest around €1 billion in renewable energy and in hydropower, wind power and photovoltaics by 2030. This is intended to generate an additional 280 GWh from ÖBB’s […]
Nepal-India agrees to inject more investment in energy sector – EQ Mag Pro
During the meeting, Nepal had requested for approval of various proposals submitted by Nepal Electricity Authority to export electricity to India before the coming rainy season. Kathmandu : Nepal and India have agreed to build new projects by injecting joint investment in the hydropower sector. As per the agreement reached at Nepal-India Energy Joint Meeting, […]
RIL announces investment into EV technology company Altigreen Propulsions Labs – EQ Mag Pro
This transaction is proposed to be completed prior to March. Reliance Industries Limited’s (RIL) subsidiary Reliance New Energy Limited (RNEL) has entered into an agreement with the Bengaluru-based electric vehicle technology and solutions company Altigreen Propulsion Labs Private Limited. This agreement entails a subscription of 34,000 series A convertible preference shares having a face value […]
Investment in Australian Renewables Down as Financing For Big Batteries Soars
Financial commitments for utility-scale renewables projects in Australia have slowed to the lowest level in the past five years, according to the Clean Energy Council (CEC), which revealed investment in large-scale batteries in the country is booming. Just one large-scale renewable energy project was financially committed in Q1 2021 – the New England Solar Farm […]
Private Sector Investment Needed In Renewable Energy Development – Adu Koranteng
A Financial and Economic Journalist, Kwabena Adu Koranteng has called on the government to provide an attractive and business-friendly environment for the private sector to invest more in Ghana’s renewable energy drive in a bid to boost power supply in the long term. Speaking in an exclusive interview, Mr. Adu Koranteng who is also a […]
Johor’s RM1.4b Sultan Ibrahim Solar Park’s ground-breaking ceremony cancelled as Putrajaya stays tight-lipped about the project
JOHOR BARU — The highly-anticipated RM1.4 billion Sultan Ibrahim Solar Park’s official ground-breaking ceremony scheduled for this month has been scrapped due to the federal government remaining silent on the project. The post said the decision to cancel the ceremony was made as the federal government has yet to give any response with regards to […]
EDP to invest €24bn in energy transition
The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]
$300 bn investment lined up in Hydrogen projects globally
New Delhi: A mammoth $300 billion investment is currently lined up in Hydrogen projects globally that is set to materialize by 2030. Of this, projects entailing investment of $80 billion is already in mature stage, according to a new report. The report “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness” released […]
With Patchy Guidance, Companies May Have Climate Risk Blind Spots
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone. Scientific evidence tells us […]
