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alternative energy resources

The Top 5: Why Data Centres Are A Favourite To Shift To Renewable Energy

Whenever you use the internet, you’re connecting to one of the millions of servers distributed across hundreds of data centres located worldwide. Yes, these are the ‘cloud’ servers every digital user today is familiar with. While they are crucial for tech giants, people may not realise that these centres, with their extensive security requirements, and […]

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MasTec to Acquire Infrastructure and Energy Alternatives (IEA)

MasTec and Infrastructure and Energy Alternatives (IEA) have announced signing an agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction. Each IEA share is valued at $14.00. The official statement of MasTec said that the transaction has been unanimously approved by the Boards of Directors of both […]

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How are national oil companies tackling energy transition: Woodmac

Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, the energy transition strategies of most NOCs significantly lag those of their leading IOC peers, says Wood Mackenzie. NOCs account for more than half of global oil and […]

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Focusing Only on Renewables a ‘Fatal Mistake’: Saudi Energy Minister

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the coronavirus pandemic. “The pandemic and the recovery underway have taught us the value of caution,” said Prince Abdulaziz bin […]

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Mumbai-based Artha Energy Launches RE Invt Platform

Mumbai-based Artha Energy Resources on Wednesday announced the launch of RenewShare, a renewable energy investment platform, that enables fractional ownership of renewable energy (RE) assets in the country. Launched as an autonomous investment platform, RenewShare caters to investors interested in diversifying their existing portfolio while being a part of the fast-growing RE landscape in India, […]

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Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF

Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […]

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Arctic Green Energy and GIC to Jointly Decarbonsise Building Sector

Arctic Green Energy, an Iceland-based renewable firm, and GIC, Singapore’s sovereign wealth fund, are partnering to drive the uptake of zero carbon district heating in Europe and Asia. Under the agreement, GIC will become an equity partner in Arctic Green Energy and commit a new injection of $240 million to support the expansion of the […]

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Amid Renewable Energy’s Expansion, Gas is Losing Traction: IISD Report

The Step Off the Gas report, published earlier this month by the International Institute for Sustainable Development (IISD),  examines international public finance for natural gas expansion in the Global South and the choices countries face in how to develop their energy systems while meeting socio-economic needs. The report assesses economic and environmental risks from gas […]

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Lithuania Well Placed to Lead on Clean Energy in Baltic Region: IEA

Lithuania has made impressive headway in its clean energy transition in recent years but needs to take action in several key areas to accelerate progress towards its goal of climate neutrality in 2050, according to a new policy review by the International Energy Agency. The European nation is seeking membership of the IEA, which conducted the […]

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