fetching latest news
News tagged in:
An energy expert says he is "skeptical" of the Australian Energy Market Operator's (AEMO) target to build five major transmission projects within the next 10 years. Yesterday AEMO released its 30-year roadmap for the electricity grid's transition from fossil fuels to renewables, which it said would require more than $12 billion of investment in new transmission lines that should begin "as urgently as possible" to ensure supply was secure in the coming decade. Key points: AEMO's timeline for major transmission targets is flawed, according to an energy expert The Western Renewables Link in Victoria is being delayed due to community opposition VNI West powerlines are proposed in order to connect the Snowy Hydro with Victoria
The global energy management systems market is expected to grow at a CAGR of 14.2% to reach USD 75.0 billion by 2027, from an estimated USD 38.6 billion in 2022. The growth of the energy management systems market is proportional to the installation of smart grids and smart meters.
Global energy investment is set to increase by 8% in 2022 to reach $2.4 trillion, according to a new report by the International Energy Agency (IEA).
Badri Mahapatra, promoter of the firm said, “The investment will be made next year for a pan-India presence in the CBG business.
With the UK announcing a $1.2 billion package of public and private investment in green projects and renewable energy in India to tackle climate change. The climate advocates said that the partnership is a trendsetter for countries that how the public and private sectors can work together to speed the clean energy transition. This global partnership will boost private finance to support India's ambitious commitment to deploy 450 GW of renewable energy by 2030.
India and the UK on Thursday agreed on a USD 1.2 billion investment in green projects and renewable energy to boost India’s green growth ambitions at the 11th India-UK Economic and Financial Dialogue between Finance Minister Nirmala Sitharaman and her British counterpart Rishi Sunak, driving forward the bilateral agenda of an Enhanced Trade Partnership. Sitharaman and Sunak, who met virtually for the annual summit, signed off the USD 1.2-billion package of public and private investment in green projects and renewable energy in India.This includes a USD 1 billion investment from CDC, the UK’s development finance institution in green projects in India, joint investments by both governments to support companies working on innovative green tech solutions, and a new USD 200 million private and multilateral investment into the joint Green Growth Equity Fund which invests in Indian renewable energy.
Israel has received 11 bids to finance, build and operate a 300 megawatt solar-powered electricity generation plant and storage farm in the southern part of the country, the Finance Ministry said on Thursday. The project planned for the city of Dimona will be a public-private one and, according to the ministry, will be the largest solar power plant in Israel and one of the largest in the world. The selected developer will be responsible for planning, financing, building and operating the solar power plant, it added.
Investments in the renewable energy sector in India are seeing growth again following the slowdown in the previous financial year due to the onset of the coronavirus disease (Covid-19) pandemic, a recent study by the Institute for Energy Economics and Financial Analysis (IEEFA) found. Between April and July this year, investment in the Indian renewable energy sector reached US$6.6 billion, surpassing the US$6.4 billion level record in the 2020-21 fiscal year.
U.S. installed 26 gigawatts of new clean power in 2020; 170 GW of capacity enough to power 50 million homes Industry employs 415,000 Americans and has invested $334 billion in the U.S. economy since 2005 with more growth coming The American Clean Power Association today released its first Clean Power Annual report, which showed wind, utility solar, and battery storage power capacity in the U.S. topped 170 gigawatts (GW), following a record 26 GW of clean energy projects coming online in 2020.
Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.The new analysis, published today (9 June) as part of a collaboration with the World Economic Forum (WEF) and World Bank, assesses the investments made in renewable generation, nuclear generation, biofuel generation and related technologies in recent years.
Change Malik Amin Aslam on Sunday said Pakistan would become the world’s best example in green energy revolution as the government was on track to meet its renewable energy targets by 2030 and will raise it to 60 percent through renewable resources. Pakistan was encouraging private sector investment in renewable energy projects to reach its clean energy goal by 2030 and it would produce 60 percent of its electricity from renewable sources.
Following President Biden's Interim National Security Strategic Guidance signaling for continued growth in partnerships with African economies, the African Energy Chamber (AEC) believes it is vital to engage U.S. companies and investors to counter the often-wrong preconceptions about investing in the continent, as Africa has some of the fastest-growing economies globally and possesses significant investment and development opportunities for U.S. firms. Majors like Chevron, ExxonMobil, and Kosmos Energy making significant discoveries and operating in multiple countries like Angola, Mozambique, Nigeria, Equatorial Guinea, Senegal, Ghana, and others.
Sweden’s wind power market closed the first quarter of this year with almost 1GW of new capacity contracted and investments worth Skr10bn (€990m), according to figures from trade group Svensk Vindenergi. Most of these new projects are located in northern Sweden, with as much as 75% of the new wind power capacity to be added in the electricity areas SE1 and SE2.
Amp Energy’s Australian operating company, Amp Power Australia, is set to establish a portfolio of integrated solar photovoltaic (PV), wind and battery energy storage (BESS) assets. Amp Energy’s Australian operating company, Amp Power Australia, is set to establish a portfolio of integrated solar photovoltaic (PV), wind and battery energy storage (BESS) assets. The Renewable Energy Hub of South Australia (REHSA) will involve a total investment of more than A$2bn ($1.54bn).
Joaquim Silva e Luna, the new chief executive of Brazil's Petrobras, will look to respect the company's current pricing policy and keep investing in deepwater assets, he said at his swearing-in ceremony on Monday.The comments by the former army general signaled that Petrobras' incoming administration will attempt to maintain some form of continuity with the policies of the previous administration, which generally won market plaudits.
Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom.But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc. and SoftBank Group Corp. have yet to draw in the desired investment, it’s turning to the jewels of its energy industry to attract new money.
Saudi Arabian energy company ACWA Power has announced the opening of a utility-scale solar renewable energy project in the country. The 300MW Sakaka PV independent power producer (IPP), which was built with an investment of SAR1.2bn ($319m), was inaugurated by Crown Prince Mohammed bin Salman. Salman said: “The private sector plays a fundamental role in the development of renewable energy projects in Saudi Arabia.
Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash.The sale was flagged by Sempra in December and comes as the company sharpens its focus on renewables and energy storage to capitalize on the growing global demand for cleaner fuels.