New Delhi: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) plans to invest over ₹1 lakh crore over the next five years in raising petrochemical production capacity, gas business, clean fuel and augmenting marketing infrastructure, its chairman Arun Kumar Singh said on Monday. The investment will help BPCL prepare for the future where conventional fuels and zero-carbon mobility in […]
This Energy Storage Stock Will Benefit From Renewable Power Trends – EQ Mag Pro
As renewable energy takes more of the energy-generation pie, utilities need energy-storage technology. The wind doesn’t always blow and the sun doesn’t always shine. That means opportunity for new businesses. One is raising money in a SPAC merger. Its energy-storage technology, however, is unusual. It has nothing to do with batteries like a Tesla (ticker: […]
Andhra Pradesh Gets 106 MW Renewable Power Units in First 4 Months of Fiscal
The latest addition takes Andhra Pradesh’s cumulative renewable capacity to 8,800 MW. VIJAYAWADA : The state has added 106 megawatts (MW) of renewable energy units in the first four months of the financial year 2021-22 (FY22) to its generation capacity, according to the latest report by New and Renewable Energy Development Corporation (NREDCAP) Ltd. The […]
SSE, TotalEnergies to Offer Companies Shorter Renewable Power Contracts From Seagreen
Renewable power purchase agreements (PPAs) are an increasingly common way for large companies to secure clean energy and meet their climate targets, but typically have durations of 10 years or more LONDON : SSE and TotalEnergies will later this year launch tenders offering corporate customers power from their Seagreen offshore wind project for five-year terms, […]
Renewable Power Covers 29% of China’s Electricity Usage in 2020
Renewable power sources covered 28.8% of China’s electricity consumption in 2020, up 1.3 percentage points from 2019, the country’s National Energy Administration (NEA) said in a statement on Monday. China’s state planner in 2016 launched a scheme asking grid firms in some northern and northwestern to buy electricity generated by solar and wind power stations. […]
Japan to Promote Renewable Power And Reduce Fossil Fuel Imports During 2021-2030
Japan will focus on renewable power to reduce reliance on nuclear power as well as the cost of importing fossil fuels. Japan has no grid interconnections with other countries and has to generate power on its own. Prior to the Fukushima disaster, nuclear power was expected to be a dominant source of power, and until […]
IKEA To Help Suppliers in India, 2 Other Markets Transit to 100% Renewable Power
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 […]
