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renewable energy investment

Turbine Orders in EU Fall 36% in Third Quarter: WindEurope Report

The new report by WindEurope – Wind Turbine Orders Monitoring Q3 2022 – has said that the wind turbine orders in Q3 2022 fell by 36% compared with Q3 2021 signifying slowing wind energy growth. It also said that Europe urgently needs to solve permitting and strengthen its wind energy supply chain. The report finds […]

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Rajasthan To Get 1 GW Solar Power Plant By ONGC

Oil and Natural Gas Corporation (ONGC) is planning to build a 1 GW solar power plant in Rajasthan as a crucial step toward gaining a footing in the green energy sector. The management stated that the company has made contract with the state government to find 5000 acres of land to house its planned 1 […]

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Austria’s Windkraft Simonsfeld to Build 142 MW Wind Park in Romania

Austrian renewable energy player Windkraft Simonsfeld will be investing EUR 150 million in its Sfânta Elena wind energy project. The renewable energy project is located in the Caraş-Severin County in the southwest region of Romania. The Austrian company plans to complete the 142-MW facility next year. In a key development, Windkraft Simonsfeld received approval of […]

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Four Offshore Farms from Orsted to Double Denmark’s Wind Power

Denmark-based energy firm Orsted has revealed that it has four new planned offshore wind farms in the works. The wind farms will bring up Denmark’s wind power production to twice its current generation. The initiative will also reduce Denmark’s reliance on Russia for oil and gas. Orsted has joined hands with investment fund Copenhagen Infrastructure […]

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European Commission to Allocate €3 Billion for Green Hydrogen

Europe is ‘practically’ on its way to becoming the largest hydrogen player in the world as the European Commission plans to inject a massive investment in the hydrogen sector. Frans Timmermans, the European Commission Executive Vice President, has announced that €3 billion funds would be allocated from the next Innovation Fund large-scale call to support […]

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Apple Aims for Decarbonization by 2030

American multinational technology firm Apple has called on its global supply chain to look into the challenge of its greenhouse gas emissions and embrace the decarbonization route. On the Path of Decarbonization Apple, which is now aiming for decarbonization by 2030, will look into the operations of its major manufacturing partners so that the firm […]

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Amazon Sets Up First Wind, Solar Farm in China

American multinational technological giant Amazon has established first wind farm and solar farm in China to facilitate the production of clean energy. The renewable energy projects set up in China are large-scale and boast of 200 megawatts (MW) of clean energy capacity. Together, these projects are expected to produce 496,000 megawatt-hours (MWh) annually, which will […]

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