Finance & Investment

renewable energy

Australian Billionaires Pledge $210 Million for World’s Largest Solar Project

Andrew Forrest and Mike Cannon-Brookes, Australia’s most vocal billionaires on climate change, have invested another $210 million in the world’s most extensive intercontinental renewable energy system. The $30 billion Sun Cable Australia-Asia Power Link (AAPowerLink) project has already raised about $50 billion from Forrest and Cannon-Brooks in 2019 through their investment companies SquadronEnergy and GrokVentures. …

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sustainable funds

“Sustainable” Funds Are as Green as Traditional Ones, Study Found

According to new research that Reuters refers to, investment funds that represent themselves as sustainable funds under European laws generate comparable amounts of “green income” from the firms in which they invest. The percentage of revenues earned by items that help the environment, such as cleaner water, or contribute to climate change mitigation is referred …

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Cisco Systems, a technology powerhouse, and LAN pioneer has established net-zero emission objectives for 2040 as part of its bold and successful ESG efforts, Sustainability Mag reports.

Taiwan Power Company Asks for $3.5bn to Upgrade Power Grids

Taiwan needs $3.5 billion to improve its power infrastructure, Tsen Wen-sheng, chairman of state-owned Taiwan Power, said Focus Taiwan reported. Taiwan’s authorities need these funds to increase the stability of the island’s electricity transmission networks and reduce the excessive load on some sections of the network. For example, power plants could independently power significant energy …

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hydrogen

EU Unveils €600 Million Plan for Financing Hydrogen Research

The EU’s Clean Hydrogen Partnership, a public-private partnership, has issued its first request for proposals on 41 hydrogen-related research subjects. The majority of the funds will go toward hydrogen generation and storage. As the EU pledges to move away from fossil fuels, hydrogen is considered as a handy means of converting power from wind and …

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China Plans to Build World’s Largest Renewable Power Generation Park

The Chinese National Development and Reform Commission (NDRC) recently announced that Chinese authorities plan to build the world’s largest renewable power generation park in the Gobi Desert region. Thanks to solar and wind energy, the facility will offer an installed capacity of 450 GW. The project is a part of China’s plan to generate up …

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