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South Africa

Bank of America Meets 100% Renewable Electricity Goal a Yr Ahead

American lender Bank of America (BoA) on Tuesday said it has met its 100 percent renewable electricity (or carbon neutrality) goal a year ahead of its schedule. However, it is pending to the third-party verification. It was accomplished by reducing Scope 1 and 2 emissions from its facilities, purchasing 100 percent renewable power and buying […]

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Global Power Industry Contracts Slip 9% in Nov

The global power industry contracts activity saw a decline of 9 percent with 269 contracts announced in the month of November this year, against the last 12-month average of 296 contracts, as per the GlobalData. According to the data and analytics company, Asia-Pacific secured the top position with 91 contracts and 33.8 percent share during […]

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North America Solar Tenders Activity Drops 67% in Third Quarter

Solar tenders activity in the third quarter of 2019 saw 20 tenders announced in North America, marking a drop of 67% over the last four-quarter average of 61 The North America solar technology tenders in the third quarter of 2019 saw 20 tenders announced, marking a drop of 67 percent over the last four-quarter average […]

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Engie Inaugurates Egypt’s Largest and First Private Wind Project

Engie has now inaugurated the 262.5 MW Ras Ghareb wind park, Egypt’s first private and now the largest wind farm. Engie has announced that the firm and its consortium partners have now inaugurated the 262.5 MW Ras Ghareb wind park, Egypt’s first private and now the largest wind farm. Ras Ghareb project started commercial operation […]

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Another Stable Year of Growth for Wind Energy With China in the Lead

The wind power energy industry saw a fall of 3.6 percent fall when compared to 2017’s growth, however, GWEC claims that the growth has been stable The wind power energy industry installed 51.3 gigawatts (GW) of new capacity last year, a 3.6 percent fall when compared to 2017’s growth, the Global Wind Energy Council (GWEC) […]

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MHI Vestas Selected for 220 MW Japanese Offshore Wind Farm

MHI Vestas has been selected for the 220 MW Hibikinada Offshore Wind Farm. The first awarded, commercial-scale project to be announced in Japan. MHI Vestas has confirmed that its flagship V174-9.5 MW was selected as the preferred turbine for the Hibikinada Offshore Wind Farm. Hibikinada is the first awarded, commercial-scale project to be announced in […]

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€6.9 bn EIB Backing for Renewables, Sustainable Transport and Innovation

EIB has agreed to support EUR 6.9 billion of new financing to improve renewable energy, sustainable transport, social housing, communication, etc. The Board of the European Investment Bank (EIB) has agreed to support EUR 6.9 billion of new financing. This includes backing new investments across Europe and around the world to improve renewable energy, sustainable […]

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GE Gets Wind Turbines Orders Worth 494 MW From Engie

GE Renewable Energy has announced that it has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects. GE Renewable Energy has announced that it has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects. The agreements include 88 2.8-127 turbines for […]

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Global Wind Energy Market to Reach $124.6 bn by 2030

Significant capacity additions in the APAC region are expected to increase the market size of the global wind energy market to USD 124.6 billion by 2030 The global wind energy market size increased from USD 71.6 billion in 2010 to USD 96.4 billion in 2018. During the 2019–2030 forecast period, significant capacity additions in the […]

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