Swedish home furnishing retailing major IKEA on Thursday said it will launch a programme in India, Poland and China this year, helping suppliers there transit to 100 per cent renewable electricity. Under this initiative, the company would invest and support nearly 1,600 direct suppliers, IKEA said in a statement. IKEA is striving for 100 per […]
Vietnam May Have to Reduce Renewable Power in Next Five Years: Institute
It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy. A wind power farm in Phu Yen province. Hanoi : It is likely that Vietnam will […]
Electrolyser Maker Green Hydrogen Set For June IPO With $490 mln Valuation
Gross proceeds from the listing is expected at around 1 billion crowns after IPO costs, the Danish firm said in a prospectus ahead of its listing on Copenhagen’s stock exchange, adding that it expects first day of trading on June 25. COPENHAGEN: Green Hydrogen Systems, which makes electrolysers to produce hydrogen derived by using renewable […]
CleanMax Wins ‘Wind Solar Hybrid Project of the Year’
Wind Solar Hybrid Project of the Year was awarded to CleanMax Enviro Energy Solutions Pvt. Ltd. The award was presented at India National Level Solar eAwards 2020-21 on May 26, 2021. Tejus AV, Head- Wind and Solar Farm received the award. Cleanmax won the award for 8.4 MW Wind and 10.2 MWp Solar project in […]
Aker Horizons Closes Transaction to Acquire Mainstream Renewable Power
Aker Horizons ASA (“Aker Horizons”) has finalized and closed the transaction to acquire Mainstream Renewable Power Ltd. (“Mainstream”), a global pure-play renewable energy company. Existing Mainstream shareholders have re-invested and retain 25 percent ownership in the company. As part of the transaction, Aker Horizons also acquired an interest in superconductor technology company SuperNode. The transaction […]
China to Add at Least 90 GW Wind and Solar Capacity to the Grid in 2021
China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Thursday, as part of a new policy initiative aimed at meeting its low-carbon targets. The NEA also said it will set targets for the transmission […]
Gautam Adani Overtakes China’s Zong Shanshan to Become Asia’s 2nd Wealthiest
As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Billionaire Gautam Adani’s wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. Billionaire Gautam Adani’s net worth has soared past China’s Zong Shanshan to make […]
TIM and Orange Make Renewable Power Commitments
TIM subsidiary Telenergia has signed a 10-year agreement for 3.4 Terawatt-hours (TWh) of green energy to power operations from 2022 to 2031. Meanwhile, Orange has set out its plan to deploy solar power for its operations across the MEA region. TIM’s power requirements will be met by ERG’s wind farms and will account for more […]
Amazon Com : Seeks Renewable Power for Japan Data Centres – Nikkei
TOKYO : Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday. The U.S. online retail and tech giant is seeking ways to procure electricity over the long term from […]
Perak ventures into renewable power with solar farm project in Bidor
Perak will enter the renewable energy sector through a collaboration between the Perak State Development Corporation (PKNP) and Gading Kencana Sdn Bhd to build a solar farm in Bidor. Mentri Besar Datuk Saarani Mohamad said the green energy development agenda was a step by PKNP to form a strong economic chain with high potential and […]