IEA

Georgia to invest in multiple renewable energy projects

The government of Georgia has given green signal to several projects for the development of renewable energy. The key decisions were taken during the official session of the Georgian Government Administration. The government has officially announced that the country will invest $200 million in wind, hydropower, and solar projects to take renewable energy to greater […]

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China, Europe Will Lead World To Record-breaking RE Capacity In 2022

The International Energy Agency (IEA) said today (May 11) that China and Europe would lead the world to set a new record in renewable energy capacity in 2022 after which the momentum could drop in the following year. The findings come from IEA’s Renewable Energy Market Update for May, 2022. A press release issued by […]

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50% of Power In Spain Comes From Renewables In April

Span’s national grid operator Red Electrica de Espana has informed in its estimates report that Spain had produced a little over half of its electricity from renewable sources of energy last month. It said that in April the Spanish power coming from clean sources was 50.1 per cent. It has higher than what was produced […]

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Clean energy spending has jumped 50% to record levels since Oct end: IEA

Clean energy spending earmarked by governments in response to the Covid-19 crisis has risen by 50% over the past five months and now stands at over USD 710 billion worldwide, though there are troubling imbalances between regions, according to the latest update of the IEA’s Sustainable Recovery Tracker. This unprecedented amount of enacted spending is […]

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World’s Largest Rooftop Solar Power Plant Launched in Turkey

Huawei and Tosyali Holding have launched the world’s largest rooftop solar power project in the Osmaniye Province of Turkey, an official statement said. Huawei is a Chinese technology giant and Tosyali is a steel manufacturer based in Turkey. The total investment made by the companies will come up to $71 million, said the statement. The […]

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The Top 5: EV Battery Manufacturers in the World

Advances in electric vehicle (EV) batteries and their associated technologies are finally attracting the interest of individuals to purchase EVs, contributing to the growth of EV batteries. The top EV Battery Manufacturers in the World are the frontline contributors to the growth of the industry. The scale of production forms a litmus test about market […]

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ABB to Upgrade Eneti’s Offshore Wind Installation Vessels

South Korea-based Daewoo Shipbuilding & Marine Engineering Ltd. (DSME) will deliver two wind turbine installation vessels (WTIV) to Monaco-based offshore wind construction giant Eneti Inc. The deal is worth $330 million and the delivery is expected between the third quarter of 2024 and second quarter of 2025. ABB – the global leader in automation, digitization […]

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Coal Demand Rises In India, IEA Says Net Zero Should Have Stronger Implications

The IEA’s Coal 2021 report shares worrying insights for India. The global power generation from coal is expected to take a leap by 9% in 2021, after consecutively falling in the previous two years. An all-time high of 10,350 terawatt-hours is the demand so far.  India is the second-largest producer, consumer and importer has received […]

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