Enel plans to increase its renewable energy growth in Brazil with new investments in onshore solar and wind farms in the coming years, the company’s CEO Francesco Starace said. Brazil already accounts for 40% of Enel’s growth in the Latin American renewable energy market, and that figure is expected to increase as the group begins …
Enel to Accelerate Renewable Energy Growth in Brazil Read More »
TotalEnergies and Japan’s ENEOS plan to work together to develop distributed solar generation for businesses across Asia, the companies said in a joint statement. The two companies signed an agreement on the establishment of a joint venture (JV), with an objective to develop 2 GW of decentralized solar power over the next five years. The …
TotalEnergies and ENEOS to Jointly Develop Solar Energy in Asia Read More »
BlackRock Inc. anticipates a considerable increase in pledges to reduce greenhouse-gas emissions by 2030, with the majority of its assets invested in corporations and sovereign debt issuers that have stated objectives for halting global warming, Bloomberg reported. BlackRock said Thursday that the percentage of its assets invested in firms and sovereign governments with science-based aims …
BlackRock Expects 75% of Assets to be in Climate Commitment Targets Read More »
The process of decarbonization and the set goals of almost 50 percent of energy by 2050 to be from renewable sources are factors that drive the investments in renewable energy sources. It is estimated that about $100 trillion will be invested in this process over the next few decades. Investments that will provide more renewable …
Investments in Renewable Energy – Ethics or Opportunity for Good Earnings? Read More »
The International Renewable Energy Agency (IRENA) has released the next version of the annual collection of statistical data on installed renewable energy capacity by country, Renewable Capacity Statistics 2022. According to the latest IRENA data, last year, the capacity of power plants operating based on renewable energy sources (RES) increased by 257 GW. About the …
Capacity of Renewable Energy Power Plants in the World Exceeds 3000 GW Read More »
Empire Offshore Wind (JV Equinor and bp) has signed a contract with Maersk Supply Service to charter a new wind farm installation vessel (WIV), the press service of the Norwegian company said. This vessel, along with US-built barges and tugs operated by Kirby Offshore Wind, will be used to install Vestas V236-15MW project turbines. The …
Empire Offshore Wind Begins Construction of Wind Farms Near New York Read More »
Investments in the energy transition last year grew by a significant 27%. The total investment in 2021, in conditions of pandemic and restrictions, was $775 billion. Much of the investment has been in solar parks and wind farms. Some $366 billion has been invested in this sector alone. The growth in this segment compared to …
Will The Growth of Investments in The Energy Transition Continue in 2022? Read More »
China’s largest electric vehicle manufacturer, BYD, has halted production of internal combustion engine-powered vehicles that are dangerous to the planet, Reuters reported. BYD has said that as of March 2022, it will stop producing cars exclusively with internal combustion engines in favor of hybrid vehicles and electric cars. The company will continue to use gasoline …
Chinese Brand BYD Abandons Gasoline Cars Amid Record Sales of Electric Cars Read More »
The US Department of Energy has allocated $20 million for measures to reduce the cost of geothermal energy production. Drilling costs for the construction of geothermal energy facilities now account for, on average, more than half of the project’s investment budget. Within the framework of the allocated funding, the Ministry is ready to finance projects …
UAE authorities launched the second power unit at the Barakah nuclear power plant in the emirate of Abu Dhabi, World Nuclear News reported. The UAE is also the first Arab country to have a nuclear power plant. The UAE has set a goal of phasing out emissions from fossil fuels by 2050, and the commissioning of …
UAE Launches Second Unit of Barakah Nuclear Power Plant Read More »
