Reuters/18-02-2020 LONDON: Standard Chartered on Tuesday said it would provide $75 billion in financing by 2024 toward sustainable development and clean energy projects, as it expands on its aspirations to support the Paris Agreement on climate change. The bank said it is also targeting net zero emissions from its own network of branches and offices […]

CNBC/17-02-2020 BEJING: The new coronavirus outbreak could have a significant impact on the wind energy industryin China, according to research by Wood Mackenzie. In a statement, the research and consultancy firm said the virus —officially known as COVID-19 —had “brought much of China’s wind turbine component production to a standstill in recent weeks.”While Hubei province […]

Reuters/14-02-2020 WARSAW: Shares in Polish state-run utilities Energa and Enea gained on Friday after they froze financing of their joint project to build 1 a GW coal-fueled power unit, citing difficulties raising funds due to environmental concerns. The ruling conservative Law and Justice Party (PiS) revived the long-dormant project in 2016 after winning an election […]

Reuters/11-02-2020 LONDON: Global carbon dioxide emissions from powerproduction flattened last year to 33 gigatonnes after two years of increase, even though the world economy expanded, the International Energy Agency (IEA) said. The growth of renewable energy and fuel switching from coal to natural gas led to lower emissions from advanced economies. Milder weather in several […]

CNBC/07-02-2020 SYDNEY: Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland. In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and said it would have a capacity of 120 megawatts. Work on the project is […]

CNBC/06-02-2020 European countries installed a record amount of offshore wind capacity in 2019, according to new figures from industry body WindEurope. The amount just over 3.6 gigawatts (GW) marked a leap higher than 2018, when more than 2.6 GW was installed. It takes overall offshore capacity for European nations to more than 22 GW. In […]

Bloomberg/24-01-2020 MILAN: Italy’s biggest retail bank Intesa Sanpaolo is ready to fund 50 billion euros in green investments in Italy, Chief Executive Carlo Messina said on Thursday. The comment came after the European Union unveiled a plan on Tuesday for a trillion-euro push to cut net C02 emissions to zero by 2050 and protect member […]

Bloomberg/22-01-2020 PARIS: France’s grid operator will test storing excess wind and solar power in batteries to reduce the need to build new transmission lines that involve heavy construction work and take longer to complete. Network operators across Europe are seeking ways to both minimize the cost and environmental impact of the energy transition. Reseau de […]

The Economic Times/21-01-2020 NEW DELHI: India’s electricity grid operators will have to install firewalls and other measures used by companies to avert an attack on their information technology systems and check rising hacking incidents of power networks across the world. Grid operators and regulatory agencies will need to have a continuity plan handy in the […]

The Guardian/21-01-2020 LONDON: UK investors could seize a $24bn investment opportunity by helping to connect millions of people without access to electricity to off-grid home solar power systems. The market for pay-as-you-go home solar packages is expected to boom in Africa, where millions of homes are using mobile technology to rent low-cost solar panels. UK […]

Reuters/19-01-2020 DOHA: Qatar has signed an agreement with France’s Total and Japan’s Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar’s energy minister said on Sunday. The cost of the project is about 1.7 billion riyals ($467 million), Saad al-Kaabi, who is also chief executive of Qatar Petroleum (QP), […]

CNBC/17-01-2020 ULROME: Construction work for a huge offshore wind farm in the North Sea is underway. In an announcement Friday, energy firm SSE said that onshore work for the 3.6 gigawatt (GW) Dogger Bank Wind Farms project had begun near Ulrome, a coastal village in the East Riding of Yorkshire, England. Dogger Bank Wind Farms […]