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Climate Financing by 7 of the Largest MDB’s Totalled $61.6 Bn in 2019

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled USD 61.6 billion in 2019 Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled USD 61.6 billion in 2019, with USD 41.5 billion (67 percent) in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development […]

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Facebook Signs PPA to Purchase Power From Apex’s 300 MW Wind Project

Apex Clean Energy has executed a PPA with Facebook for approximately 170 MW of renewable power from its 300 MW Lincoln Land Wind project in Illinois. Apex Clean Energy has announced that Lincoln Land Wind has executed a power purchase agreement (PPA) with Facebook for approximately 170 MW of renewable power from the Illinois-based wind […]

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Mercedes-Benz and CATL Expand Partnership on EV Battery Technology

Mercedes-Benz and CATL have entered the next stage of their partnership and will create cutting-edge battery technology for the German firms’ EV portfolio. Mercedes-Benz and Contemporary Amperex Technology Limited (CATL) have entered the next stage of their strategic partnership and will create cutting-edge battery technology in support of the high-volume electrification of the Mercedes-Benz model portfolio. […]

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Bosch Signs 3 Long-Term Agreements to Procure Solar Power

Bosch has signed three exclusive long-term purchasing agreements for solar electricity with the providers RWE, Statkraft, and Vattenfall. Bosch is expanding in-house power generation at its locations and is set to be a long-term customer of renewable electricity from newly constructed wind and solar parks. To this end, the supplier of technology and services has […]

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Retiring old Thermal Plants the 1st Hurdle in Reducing Discoms Debts: IEEFA

Discoms need to work with state governments to retire their old inefficient and expensive thermal power plants as the first step in reducing their debts A new report by IEEFA proposes recommendations to reduce financial and operational inefficiencies across India’s power distribution sector, which as of May 2020 had accumulated massive overdue payment liabilities of […]

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Offshore Wind to Surge to 234 GW by 2030, Create 900K Jobs: GWEC

Global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific region Global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific […]

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GE Joins 500 MW Pumped Hydro Storage Project in Australia

GE Renewable Energy and Walcha Energy will jointly develop the 500 MW Dungowan pumped hydro storage project in the New England REZ in NSW, Australia. GE Renewable Energy and Walcha Energy have signed an agreement to jointly develop the 500 MW Dungowan pumped hydro storage project in the New England Renewable Energy Zone (REZ) in […]

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bp Shifts Focus; Planning for 50 GW Renewable Capacity by 2030

bp has introduced its new strategy that will reshape its business as it pivots from being an international oil company to an integrated energy company bp has introduced its new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused […]

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Scientists Identify new Catalysts for More Efficient Hydrogen Electrolysis

A team of scientists has discovered the parameters that determine the efficiency of a class of low-cost catalysts called spinel oxides – a discovery that breaks a bottleneck in the extraction of hydrogen from water through electrolysis. A team of scientists led by the Nanyang Technological University, Singapore (NTU Singapore) has discovered the parameters that […]

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