fetching latest news
News tagged in:
Stressing on the need to move towards renewable energy, Ashok Jhunjhunwala, institute professor, IIT Madras said that India has abundant solar and wind power to generate renewable energy for at least the next 25 years. Delivering the keynote address virtually at the R&D Showcase, IIIT Hyderabad, he said that the electricity cost will also reduce if solar and wind energy is used for electricity.
Norwegian oil giant, Equinor, yesterday, entered into an agreement to acquire Danish power and natural gas trading firm Danske Commodities (DC) for $468 million. The acquisition of Danske is in line with Equinor’s strategy to become a broad energy company. Equinor has vowed to spend 15-20% of its CAPEX towards finding “new energy solutions” by 2030. Shareholders and environmentalists are pressurizing oil firms to reduce their global carbon footprint.