Vitol, the world’s biggest independent oil trader, has announced its acquisition of a 10% equity interest in Gen2 Energy, a Norwegian green hydrogen producer, for an undisclosed sum. Over the last few years, the Dutch energy and commodity trading company has been expanding its foothold in the renewables sector and made investment commitments of $1 billion to […]
Last Friday, United Nations Secretary General Antionio Guterres and European Commission President Ursula von der Leyen opened the EU-Africa Green Investment Forum- the largest event for dialogue centred on investment in Africa to take place since the beginning of the coronavirus global pandemic. Hosted by EU Portuguese Presidency and the European Investment Bank, the event was attended […]
On Thursday, Colombo-headquartered independent power producer WindForce Limited, commenced trading on the Main Board of the Colombo Stock Exchange (CSE) above its price of LRK 16/share after raising an initial public offering (IPO) for wind power projects in Sri Lanka and Senegal, amounting to LRK 3.2 Billion- the largest at the CSE since 2011- which attracted […]
Norwegian state-owned hydropower company Statkraft is set to build its very first wind farm in Germany on a 67-hectare forest area in Bramwald in northern Hesse. By 2025, the so-called Oedelsheim wind farm is expected to comprise 6 turbines which will generate 36 MW of energy, adequate to supply 20,000 households with wind power each year and […]
Japan’s second largest auto-maker Honda Motor Co. revealed on Friday that it plans to fully transition to electric vehicles (EVs) and fuel cell vehicles (FCVs) by 2040. The announcement was made by Toshihiro Mibe, who took on the role of the company’s chief executive and representative director in April this year. The new commitment to […]
The Paris agreement sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C. Today, more and more countries are aiming for net zero emissions by mid-century and attention is shifting to the implication of this objective. While existing Nationally […]
Can solar panels generate energy even when the sun isn’t around? In a major breakthrough, researchers at the University of California have designed a unique night solar panel (NSP) that can produce 50 W under ideal conditions at night, one-fourth of what traditional solar panel produce during the day. In their paper entitled ‘Nighttime Photovoltaic […]
In response to recent reports suggesting that Chinese PV manufacturer LONGi, among other solar developers, had withdrawn from signed contracts with Indian power developers due to increasing commodity prices, the company issued a clarification stating that this information being passed around was false and that no such contracts had been terminated. The company claims that […]
Ola Electric, the electric vehicle arm of homegrown ride hailing firm Ola, announced yesterday that it will launch its much anticipated electric scooter in India as well as global market by July 2021, along with establishing a Hypercharger Network which will comprise 1 lakh charging points across 400 Indian cities. The company claims that the […]
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