MANILA : The Philippines will in June auction rights to build up to 11,600 megawatts of new power capacity from renewable sources in the next three years, the Department of Energy said, as it seeks to gradually reduce its reliance on coal. The additional capacity will come from solar, onshore wind, biomass and waste-to-energy resources. […]
Malaysia needs to invest US$375 billion in renewables to reach 2050 climate goals – EQ Mag
MALAYSIA will need to double its investments in renewable energy transition to at least US$375 billion in order to achieve its ambitious goal of carbon neutrality by 2050, the International Renewable Energy Agency (Irena) said. The South-east Asian nation has pledged to cut its greenhouse gas emissions dramatically by 2030 and reach net-zero emissions by […]
Eni, ADNOC ink pact to cooperate in renewables, hydrogen, carbon capture – EQ Mag
Companies to collaborate in reducing GHG, methane emissions They plan to hit net zero emissions by 2050 Eni is a major oil and gas producer in UAE Italy’s Eni and the UAE’s Abu Dhabi National Oil Co. have signed a memorandum of understanding to explore collaboration in the development of renewable energy, blue and green […]
Renewables to dominate growth of global electricity supply: IEA report – EQ Mag
New Delhi [India] : Renewable sources are expected to dominate the growth of the global electricity supply over the next three years as together with nuclear power they meet the vast majority of the increase in global demand, according to a new International Energy Agency (IEA) report. The rise in the adoption of renewables would […]
India can attract over USD 20 billion investment in renewables in 2023: Industry estimates – EQ Mag
New Delhi : India has the potential to attract an investment of over USD 20 billion in renewables in 2023 and requires a strong framework for sustainable power, say industry experts at the renewable energy conference REConIndia 2023 on Friday. Based on the discussion at REConIndia 2023, a white paper will be prepared on solar […]
Investing in energy storage delivers multiple benefits for businesses – EQ Mag
THE volatile international energy markets of the last 12 months have shown us in the UK that the only way to avoid reliance on such markets is through continued build out of renewables infrastructure, linked to an increasing amount of energy storage. Energy storage is a rapidly growing sector, but it’s not just for utility […]
Renewables, Hydrogen To Make India World’s 3rd Largest Economy: PM Narendra Modi – EQ Mag
According to sources, Modi spoke of using 100 per cent renewable energy and increasing blends of ethanol and biofuels in traditional fuels Prime Minister Narendra Modi on Monday laid out his vision of making India the world’s third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut […]
Renewables supplied 88% of Portugal’s electricity consumption in January – EQ Mag
LISBON : Renewable utilities supplied 88% of Portugal’s electricity consumption in January, as heavy rains coupled with good wind and solar conditions allowed to sharply reduce the use of gas-fired power plants, grid operator REN said on Wednesday. The country aims to generate 80% of its annual electricity usage from renewable sources by 2026, up […]
Chile’s Codelco invites tenders to buy 2.5 TWh of renewables per year – EQ Mag
Chilean state-owned copper miner Codelco said on Friday it had launched a call for tenders to invite domestic and foreign companies to supply around 2,500 GWh of renewable power annually for its operations. The company is seeking to diversify its portfolio of renewable energy suppliers and encourage the development of the renewables industry, Codelco’s executive […]
Ecuador’s 500-MW renewables tender meets capacity, price targets – EQ Mag
Bidders in Ecuador’s international tender for the construction and operation of 500 MW of renewables have submitted economic offers below the ceiling price that, if finally accepted, could lead to around 511 MW of new capacity for the South American country. The ministry of energy and mining’s technical committee on Wednesday opened the envelopes containing […]