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wind energy

Vitol buys 10% stake in Norway’s Green Hydrogen producer Gen2 Energy

Vitol, the world’s biggest independent oil trader, has announced its acquisition of a 10% equity interest in Gen2 Energy, a Norwegian green hydrogen producer, for an undisclosed sum. Over the last few years, the Dutch energy and commodity trading company has been expanding its foothold in the renewables sector and made investment commitments of $1 billion to […]

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Sri Lanka’s WindForce Commences Trading on CSE above IPO Price

On Thursday, Colombo-headquartered independent power producer WindForce Limited, commenced trading on the Main Board of the Colombo Stock Exchange (CSE) above its price of LRK 16/share after raising an initial public offering (IPO) for wind power projects in Sri Lanka and Senegal, amounting to LRK 3.2 Billion- the largest at the CSE since 2011- which attracted […]

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EIB Backs €2 Bn Investment to Scale up use of Renewable Energy

EIB has approved new financing of EUR 3.4 billion to accelerate the shift towards renewable energy and sustainable transport. The European Investment Bank (EIB) has announced that it has approved new financing of EUR 3.4 billion to accelerate the shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. Of which, […]

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Leaders Summit Outlines Energy Transition Priorities for a 1.5°C Future: IRENA

The Paris agreement sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C. Today, more and more countries are aiming for net zero emissions by mid-century and attention is shifting to the implication of this objective. While existing Nationally […]

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German Govt to Expand Capacity in Solar & Wind Power Auctions

The German government, led by Angela Merkel, has said that it will expand the energy capacity tendered in renewable power project auctions to help decarbonise electricity, and will relieve the burden on consumers by reducing a fee charged to support wind and solar operators. While renewable sources hold a 50% stake in the power mix […]

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Over 12.3 GW of Wind-Solar Hybrid Tenders Issued in India Till Date: JMK

India has enormous potential for wind and solar energy. But, due to the intermittent and inconsistent nature of both solar and wind power, the Capacity Utilization Factor (CUF) for standalone solar and wind power plants is low. This issue can be partially resolved by blending the energy generated from the two sources as a hybrid […]

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SerEnergy Launches 4th Gen Methanol Fuel Cell, SereneU

Danish firm SerEnergy, a  methanol based fuel cell solutions firm has announced the launch of its 4th generation of fuel cell units, called SereneU. The new generation introduces many advantages, such as longer lifetime, less service and maintenances, and improved total cost of ownership. Methanol-based Fuel Cells: A unique Technology for Sustainable Energy Generation SerEnergy […]

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IFC to Support Azerbaijan’s Shift from Fossil Fuels to Renewable Energy

In a bid to develop the offshore wind energy sector as part of Azerbaijan’s efforts to shift to renewable energy sources, IFC, a member of the World Bank Group, and Azerbaijan’s Ministry of Energy today signed a Memorandum of Understanding. The aim is to support the country in reducing reliance on fossil fuels for electricity […]

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