The International Renewable Energy Agency’s (IRENA) director-general has hailed the start of a “decade of renewables”, following a 2020 that saw China and the US drive global solar installations. With global clean energy additions beating estimates and previous records to reach 260GW, Francesco Camera said last year’s deployment figures “tell a remarkable story of resilience […]
Oman kicks off investment plans in green energy
Oman has reaffirmed that it begun to execute investment plans in the fields of clean and renewable energy, covering projects in solar energy and wind power whose feasibility was proved in studies, reported Oman News Agency (ONA). This was stated by Dr. Abdullah Ali al-Amri, Chairman of the Environment Authority, during the first regional dialogue […]
SunFunder reaches $70 million close for Solar Energy Transformation Fund
SunFunder’s Solar Energy Transformation Fund backs solar companies improving energy access across Africa and Asia. The off-grid solar finance company’s blended-finance fund closed $70 million with investments from OeEB, the development bank of Austria, Swedfund, Bank of America, Mercy Investment Services, the Schmidt Family Foundation and members from the Toniic impact investor network. The nine-year […]
Solar Financier Loanpal Plans IPO as Soon as This Year
Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value the company at more than $10 billion, according to people with knowledge of the matter. The company, which said in January it had raised more than $800 million from investors including New Enterprise Associates and […]
Power minister R K Singh meets John Kerry, discusses energy transition and emission reduction
The delegation led by Singh pointed out that India was the only major economy whose energy transition was consonant with a sub two-degree rise in temperature. New Delhi: Minister of State for Power and New and Renewable Energy, RK Singh on Wednesday met US Special Presidential Envoy for Climate, John Kerry, wherein he discussed India’s […]
Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%. WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy […]
US, UAE pledge joint effort to finance decarbonisation
On Sunday, the climate dialogue concluded with another statement that was signed by Bahrain, Egypt, Iraq, Kuwait, Qatar, Sudan, the UAE and the United States pledging to accelerate climate action, mobilise investment in a new energy economy and help the world’s most vulnerable cope with climate change. Kerry is also due to visit India, the […]
Kerry on India visit from Apr 5-8, will discuss upcoming US-hosted leaders summit on climate
MEA Spokesperson Arindam Bagchi said President Biden has invited Prime Minister Narendra Modi to attend the Leaders’ Summit on Climate, which will be held virtually, and the Major Economies Forum on Energy and Climate to be held on April 22 and 23. New Delhi : US’ Special Presidential Envoy for Climate John Kerry will be […]
Fuel retail in the age of new mobility
With the industry at a crossroads, operators need to move quickly to rethink strategy, build new capabilities, and transform their businesses. Over the past decade, fuel retail has been one of the more resilient segments in the oil and gas industry. The growth of both out-of-home consumption and small-format retail has enabled forecourts to capture […]
Iraq, Total agree to work jointly on associated gas, solar power projects
Iraq wants to lower dependence on Iranian gas, electricity 1,000 MW solar power plant Natural gas produced mainly from pumping oil Dubai — Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country’s oil ministry said March 29, as OPEC’s second largest producer seeks to […]