The European Union could move from one heavy energy dependence to another as the achievement of its green energy targets could depend on China as much as the EU’s gas deliveries depended on Russia until two years ago. The EU is sticking to its net-zero targets, and the European Parliament …
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Renewable energy sources are expected to generate more than 50% of Germany’s electricity this year, Economy Minister Robert Habeck said at a conference in Berlin on Monday. However, the minister from the Green party who is also responsible for climate action, warned that Europe’s biggest economy needs to accelerate the …
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The Inflation Reduction Act (IRA) is spurring a land rush for development sites and giving impetus to clean energy equipment manufacturing in the United States, which could see annual renewable capacity additions triple to 110 gigawatts (GW) in ten years, according to Wood Mackenzie. Despite supply-chain and tariff challenges unrelated …
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Britain has now installed more wind capacity than any other type of power source, with wind power capacity overtaking combined-cycle gas power stations for the first time and ending more than a century of fossil fuels dominating the electricity system, a new report prepared for power group Drax showed on …
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China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant …
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China has seen robust growth in the installed capacity of renewable energy in 2023 amid the country’s strenuous efforts to push green transition. The country’s total capacity of renewable energy reached about 2.71 billion kilowatts (kw) in the first half of 2023, according to the latest report by National Energy …
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India is on track to install a record-high capacity of solar rooftops in the 2024 fiscal year as solar module prices are falling and enterprises are looking to source greener energy, a new report showed on Friday. Rooftop solar is booming in India and the country is expected to install …
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Norway’s energy major Equinor is today launching the world’s largest floating wind power installation, with 88 MW of capacity. The Hywind Tampen installation, offshore Norway, will supply electricity to oil and gas platforms in the area, Reuters notes in a report on the news. According to Equinor, the wind park …
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Several Saudi firms, including oil giant Aramco and a company owned by the Kingdom’s sovereign wealth fund, announced on Sunday the financial close of a major solar project in Saudi Arabia worth $2.37 billion in investment, the Saudi Press Agency reported. Saudi Aramco Power Company (SAPCO), a wholly-owned subsidiary of …
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China’s energy company, Sungrow, said this week that it will provide its inverter skid technology and 1+X modular inverter solution for a 2.2 Gigawatt (GW) solar plant that Neom Green Hydrogen Company (NGHC) is building in Oxagon. The project site is in a port area close to the futuristic Neom …
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