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renewable energy power

Lowest Bid of $0.01332/kWh Reported in Chile’s Renewables Auction

The National Energy Commission of Chile (CNE) held a 2.31 TWh/year renewable energy auction last week, in which the lowest bid was submitted for $0.01332/kWh for a solar PV project. 29 bidders took part in the bidding process, which was conducted by Empresas Eléctricas AG and by Enel, to provide electricity to the National Electric System […]

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Wind Energy Accounted for 42% New U.S. Capacity in 2020

More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […]

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Australia, Where Rooftop Solar Could Meet 77% Of Power Demand By 2026

In recent time, Australia — one of the sunniest places on the planet — has emerged as a world leader in the rooftop solar market. As of now, households have installed 14 GW of solar panels. By 2025, this figure is set to increase by 8.9 GW. The reasons for this expansion include the subsidies offered, […]

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New Green Standards Proposed for Power Gen Companies in Singapore

In order to reduce its carbon footprint, Singapore has proposed new green standards for power generation companies operating in the country. The country currently relies on natural gas — a fossil fuel — to fulfil over 95% of its energy needs.  However, in April this year, the island nation achieved its target for the year […]

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AC Energy, ib vogt to Install 300 MWdc Solar Projects in the Philippines

Philippines-Based AC Energy Corporation (ACEN), an energy platform of Ayala, is planning to partner with the Singapore unit of German firm ib vogt for the installation of at least 300 MWdc of solar power projects in the country. In a disclosure to the Philippine Stock Exchange (PSE), ACEN said its executive committee cleared the company’s plan […]

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These Casinos Have Placed Their Bets On Solar Power

As awareness of climate issues linked to global climate change spreads, one sector that has turned to solar power is the Casino sector. That won’t surprise many people who follow the sector, as the Casino sector is one sector that has proved to be way more adaptable than people give it credit for. The shift […]

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Solar Power As CSR Lights Up Temple In Sri Lanka Now

Sri Lanka, which otherwise has very good weather conditions for solar power generation, is finally changing, and changing fast. Close on the heels of the government making plans to ramp up renewable energy generation from solar and wind, comes this story of a firm using Solar energy as a CSR initiative at a temple. Rooftop […]

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Japanese Firm to Build World’s 1st Power Transfer Vessel

PowerX, a Japanese company, plans to innovate power storage and transmission by developing an automated Power Transfer Vessel to carry electricity from offshore wind farms to shore. The very first model of such vessels is “Power ARK 100” – a 100TEU trimaran specially designed for transferring renewable energy in Japan’s coastal waters. The company also […]

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Siemens Energy to Build Green H2 Industry in Egypt

German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […]

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