News

First Gen’s earnings flatten in 2021

The company earned US$252m in recurring net income during the year.

IHA launches global campaign for hydropower investment

This came following the COP26 last year which sought to accelerate the shift to renewables.

Will 30 years be enough to achieve carbon neutrality?

Countries need time to decarbonise old assets, too, Black & Veatch claims.

Samsung C&T, Lilama wins EPC contract for Vietnam’s 1st LNG power plant

The Nhon Trach 3 & 4 plants will be completed between 2023 and 2024.

ADB calls for ‘just, inclusive’ clean energy transition

This is to ensure no country is left behind in the transition.

ARENA opens funding round for German-Australian hydrogen initiative

Australia and Germany committed  $36.6m (A$50m) and $55.2m (EU50m), respectively.

Solar Philippines unit accelerates timetable for 4GW development

It will be funded by proceeds from the planned SRO in June 2022.

Three reasons why agrivoltaics could be key RE sector in India

Geography is a major factor why the country is best to adopt agrivoltaics, IEEFA says.

Saudi Arabia awards 1,000MW Ar Rass and Saad RE projects

The projects are valued at SAR1.7b and SAR800m, respectively.

Azure Power commissions 300MW solar project in India

The project is located in Bhadla in the state of Rajasthan.

Wind power may overtake solar in Asia in the next decade

Asia maintains lead in renewables generation growth, Fitch reported.

Lockdowns, energy price hike could worsen China’s oil demand risks: report

Some 0.5 million bpd of oil consumption is at risk in case of a severe lockdown.

ENGIE, PGIM sign lease for rooftop solar system in cold-chain facility in Singapore

The project will avoid around 20,000 tonnes of carbon dioxide emissions in two decades.

Ukraine restores power supply to Chernobyl power plant

The NPP was disconnected from the grid last week, the IAEA reported.

Mainstream Renewable, Aker get 50% stake in floating offshore wind project in Japan

The 800MW floating offshore wind plant is a project of Progression Energy.