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Portugal’s floating solar energy auction sets world record negative price

Portugal’s first auction of rights to build and operate floating solar plants on the surfaces of its reservoirs set a world record low price of minus 4.13 euros per megawatt hour for future output, the environment ministry said on Tuesday. The government assigned rights to install floating panels with capacity to convert sunlight into 183 […]

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The Top 5: Biggest Exporters of Electricity in the World

In the aftermath of the Russian invasion of Ukraine, the western world reacted with a slew of sanctions on Russia. As it turns out, the sanctions topped short of a complete ban on Russian energy – oil, gas, and coal imports. Even as the UK decided to phase out Russian oil by the end of […]

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Uranium Miner Virginia Energy May Install 1000 Acres Solar Project in Coles Hill, Virginia

Uranium development and exploration company Virginia Energy Resources has signed an option agreement with a solar development company to evaluate the feasibility of a solar energy generation facility on 1,000 acres land owned by it at Coles Hill, Virginia, United States of America. If the solar project comes up, it would generate low carbon energy […]

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‘Now or never’ to avoid climate catastrophe, warns UN Panel

UN climate experts said Monday that humanity has less than three years to halt the rise of planet-warming carbon emissions and less than a decade to slash them by nearly half. They warned that the world faced a last-gasp race to ensure a “liveable future”. That daunting task is still — only just — possible, […]

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Lightrock Power to Build 400 MW Solar Projects in UK

After ‘farming friendly’, animal friendly solar is also getting here. Bristol based solar power developer Lightrock Power has announced that the company plans to develop a number of solar projects in the United Kingdom that will be ‘wildlife-friendly.’ The combined capacity of the solar projects will be 400 MW. As per Lightrock Power, these upcoming […]

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How are national oil companies tackling energy transition: Woodmac

Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, the energy transition strategies of most NOCs significantly lag those of their leading IOC peers, says Wood Mackenzie. NOCs account for more than half of global oil and […]

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Renewables Face An Oil Slick

A month after the Russian invasion of Ukraine, the geo-political crisis has taken a heavy toll on human life, Ukrainian cities and infrastructure, and of course the Russian economy. If anything, the cost of the crisis for both the countries in the weeks succeeding February 24 — the day Russia first sent its forces into […]

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Gautam Solar launches G-2X Mono Solar Panels with Dual Power Generation

Solar Module Manufacturer Gautam Solar has launched G-2X Mono crystalline series of Solar Panels upto 566 Wp. The G-2X module is a bifacial module  offering generation possibilities that are well above existing claims. Gautam Solar informs us that by generating power from both front and back of the module and the dual power generation module is […]

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OX2 Buys 500 MW Wind and Solar Projects in Greece

OX2 AB has announced that it has acquired two important portfolios of wind and solar development projects in Greece. The Swedish renewables developer said that the combined capacity of the two is in excess of 500 megawatt (MW). OX2 informed that the wind and solar projects are located in different regions of Greece. They are […]

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