The Kenyan Ministry of Energy has removed a block on new power purchase agreements (PPAs) discussions and clarified the procedures and approval systems already in place. Geothermal energy investments are anticipated to increase as a result of this latest development, The Kenya Times reported. The Ministry has previously prohibited PPA discussions to stop rising power …
Kenya Lifts Power Purchase Agreements Discussion Block Read More »
The Real Assets fund, managed by the American investment company BlackRock, will acquire the Australian company Akaysha Energy, which is developing energy storage projects, CNBC reports. On Tuesday, BlackRock said it intends to allocate about $700 million to support the creation of battery storage assets with a capacity of more than 1 gigawatt. Akaysha Energy …
BlackRock Invests $700M in Energy Storage in Australia Read More »
Israeli companies are interested in implementing projects in the renewable energy sector (RES) in Azerbaijan, Israeli ambassador to Azerbaijan, George Dick, told local media. “We encourage more Israeli companies to participate in RES projects, especially in solar and wind energy – these are the areas where we have a relative advantage compared to other countries. …
Israeli Companies Want To Implement Renewable Energy Projects in Azerbaijan Read More »
The Estonian state energy concern Eesti Energia has started preliminary design and preparation of environmental impact assessment documentation for the construction of Estonia’s first pumped storage power plant with a capacity of up to 225 MW. “The pumped hydroelectric power plant, planned in the industrial area of the Estonian Shale Mine in Ida-Virumaa, is a …
Estonia Starts Designing the Country’s First Pumped Storage Power Plant Read More »
RWE AG is investing more than initially planned to boost its domestic supply of renewable energy and green investment to make Europe more independent as the region’s energy crisis deepens. Germany’s largest electricity producer plans to spend more than 5 billion euros ($5.1 billion) on green technologies this fiscal year, including wind, solar, and batteries, …
RWE Invests 30% More Than Planned in Green Investment Read More »
Azerbaijan’s goal to diversify its energy mix received a significant boost after the approval of a US$114.2 million financing package from the European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and Abu Dhabi Development Fund (ADFD). The funds will be used to commission a 230 megawatt (MW) …
EBRD Invests $21.4mn in First Solar Power Plant in Azerbaijan Read More »
EMEA Power, a Dubai-based clean energy producer, said its latest green energy venture in Morocco is being funded by Attijariwafa Bank, the country’s largest banking group, MWN reported. In cooperation with GPM Holding, EMEA Power has already begun construction work on a $37 million solar plant in Northern Morocco. The 34 MW solar plant is …
Attijariwafa Bank to Finance EMEA Solar Plant in Morocco Read More »
Saudi Arabia has a lot of “free” money, and its ruler, Crown Prince Mohammed bin Salman, has grand ambitions and a desire to leave a significant mark on world history. The current candidate for the role of such a heritage is The Line project, which involves the construction of a city wall for 9 million …
Saudi Arabia to Build 170 Kilometers Long City Wall in the Arabian Desert Read More »
Mining giant BHP has begun installing 10MW solar panels to power its nickel mining operation in Western Australia’s northern Goldfields region, along with batteries and wind turbines, the Institute to Energy Economics and Financial Analysis reported. The 10.7 MW solar panels power center and 10.1 MW battery at the Leinster site are part of the …
Australian Company to Install Solar Panels in Mines across the Country Read More »
Securing energy supplies are one of the most relevant matters for modern civilization, and green energy has become a real trend in the last decade. This type of energy is designed to save many countries from hydrocarbon dependence. It will be helpful for investors to know what it is and how to make money on …
