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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China has seen robust growth in the installed capacity of renewable energy in the first half of 2023 amid the country’s strenuous efforts to push green transition, with its total capacity reaching about 2.71 billion kilowatts (kw), according to the latest report by National Energy Administration (NEA). The country’s installed …
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China Three Gorges Corporation announced that the 16-megawatt MySE 16-260 turbine had been successfully installed at the company’s offshore wind farm near Fujian Province on July 19. The behemoth is 152 meters (500 feet) tall, and each single blade is 123 meters (403 feet) and weighs 54 tons. This means …
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TotalEnergies has signed an agreement with Rönesans Holding to acquire a 50% stake in Rönesans Enerji and jointly develop, through this joint-venture, renewable projects in Turkey, which is a liberalised growing electricity market. Rönesans Enerji is currently operating a portfolio of 166 MW hydro assets. The company has as well …
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Pakistan can attract foreign investment in manufacturing of solar panels and allied equipment at local level provided it formulates policies that deliver legal safeguards to investors and guarantee a consistent regulatory framework. Talking to WealthPK, Mustafah Abdullah, a wind and solar energy project developer and Chief Executive Officer of Moro …
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OPEC oil producer Iraq intends to award a new project for the construction of a solar power plant with a generation capacity of 700 megawatts, the country’s Electricity Minister Ziyad Ali Fadel was quoted as saying on Friday by Baghdad Al-Yaum news agency. The minister noted that the Cabinet would …
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Wind and solar power generation will continue surging to the point of accounting for more than one-third of global electricity by 2030, up from 12% now, according to a new analysis by the Rocky Mountain Institute (RMI), a nonprofit organization focused on the energy transition. The expected further surge in …
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