Renewables and Efficiency

British multinational oil and gas company, BP, and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement for multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030, BP announced in a recent statement. As part of the …

In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In …

Denmark’s government wants to drop fossil fuels in domestic air travel by 2030 in its most recent push to meet its climate targets. The Nordic country, which recently proposed to boost investments in the green hydrogen industry, wants the first domestic flights to use green fuel no later than in …

The 271-metre-high wind turbine in Thy can deliver electricity for 18,000 households, but will be eclipsed by competitors by the end of this year. Denmark, one of the acknowledged international leaders in wind power, has launched the world’s largest wind turbine. The turbine spanning 271.4 metres measured from the ground …

China will continue to be the global leader in renewable energy capacity growth over the next five years, despite phasing out renewable subsidies and the country’s heavy reliance on coal, which will remain unchanged in 2022, according to analysts. The global renewable energy sector saw strong growth in the past …

A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse. Buyers will increasingly turn away from traditional long-term contracts in favor of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd. More …

India’s leading renewable energy developer, ReNew Energy Global PLC, has reportedly planned to switch its strategy, from growth based on China’s raw material supply to seek independent development, which has been viewed as India’s move to “counter China” in the sector. Until recently, ReNew Energy and other Indian renewable energy …

Abu Dhabi’s renewables energy company Masdar has commissioned its first wind farms in Poland. These ‘farms’ are jointly owned with Taaleri SolarWind II Fund. In January, Masdar and Taaleri SolarWind II Fund each acquired a 50 per cent stake in the projects, marking their first investment in the Polish renewable …

The world’s wind project pipeline increased significantly from the second quarter and fourth quarter of this year as efforts to mitigate climate change spur the adoption of renewables, according to a report by Fitch Solutions. The pipeline of wind projects has risen sharply to 423 gigawatts from 320 gigawatts in …

A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide. Renewables have grown quickly in recent years, but are now entering a faster phase of …