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Heineken to be Carbon Neutral in Production by 2030, Full Value Chain by 2040

HEINEKEN today announced a new ambition to decarbonise its own production by 2030 and its full value chain by 2040. This is the first in a series of refreshed Brew a Better World ambitions, which form an important part of the company’s new EverGreen balanced growth strategy. “In this Decade of Action1, we are committing to accelerating our actions […]

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Bangladesh Needs a Renewables Focus, Not a Switch From ‘Coal to Gas’: IEEFA

Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations The emerging markets of Bangladesh and Vietnam are alluring for foreign energy companies looking to make money in the region. But these nations stand to lose both economically and environmentally through a pivot from coal to gas. […]

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7-Country European Alliance To End Export Financing For Fossil Fuels

During a virtual meeting yesterday, seven European countries came together to formally launch the Export Finance for Future (E3F) coalition, a new alliance aimed at ending public export guarantees for fossil fuel projects, as part of efforts to reduce carbon emissions and fight climate change. Other than France, the host country, the conference was attended […]

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Batteries Better Than Gas at Meeting Australia’s Future Peaking Needs

In September last year, the Scott Morrison-led Australian government had announced that it was setting a target for the electricity sector to reach final investment decisions by the end of April 2021, towards delivering 1000 MW of new dispatchable energy by summer 2023-24, so that the coal-fired Liddell power station could be closed down in […]

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AGL and Wärtsilä Collaborate on Hybrid Energy Project

AGL, Australia’s biggest energy retailer and climate polluter, is making a real effort to clean up. It announced today that it has signed an MOU with Finnish energy services provider Wärtsilä to develop new hybrid energy systems that integrate renewable behind-the-meter and off-grid technologies so as to provide its commercial and industrial customers having requirements […]

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Statkraft Completes Second Irish Energy Storage Project

The Norwegian utility entered a contract with EirGrid and has commenced providing reserves to the national electricity grid in the event of a sudden drop-off in supply. Statkraft Ireland Managing Director, Kevin O’Donovan said “we are delighted to have completed construction of our second battery project just one year after we energised Kilathmoy, the first […]

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Nordex Wins Orders Worth 259 MW in Turkey and Germany 

The Nordex Group has announced two new project wins in Turkey and Germany for a combined 259 MW of wind energy capacity.  The first order has been received from the Caba Group for 39 – N133/4800 turbines from the Delta4000 series for the second construction phase of the “Istanbul” wind farm. The order also includes […]

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Norway’s $1.3 Trillion Sovereign Fund Makes First Green Infra Investment

Norway’s $1.3 trillion sovereign wealth fund, a pioneer and probably the largest in the world has announced its first investment into renewable energy infrastructure on April 7. The fund, which was in the news for its decision to stop and exit from all investments in fossil fuel-based firms, sold the last of its holdings in such […]

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GCF Approves USD 137 Mn FMO Investment in India’s Green Growth Equity Fund

The Board of GCF has approved the proposal by FMO to accelerate private and public sector investment in India’s green infrastructure projects. The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund […]

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