Economy

Orient Electric Q2 Net up Six-Fold to Rs 32.42 cr

Orient Electric has reported an over six-fold jump in its net profit to Rs 32.42 crore in the second quarter ended September 30, helped by lower expenses.

Coal Mine

ANZ Bank to Stop Funding Coal Mines & Power Plants

ANZ Bank has unveiled plans to adopt a net zero emissions test for loans, and to set a 2030 exit date for all direct investment in thermal coal mines and power …

Dominica

Dominica Government to Promote the Development of Digital Economy

The Fourth Session of the First Session of the Tenth Parliament of Dominica on the 26th approved a government loan of 77.49 million Canadian dollars to promote …

Wind Power Company

Vestas to Acquire Full Control of Offshore Turbine Business

The Danish manufacturer will buy out MHI’s stake in an offshore JV and says its new turbine platform will be launched soon.

US DOE Coal FIRST Initiative Invests US$80 Million in Net-Zero Electricity and Hydrogen Plants

When fully negotiated and awarded, it is estimated that approximately US$80 million in federal funding will be provided to these projects.

Carbon Neutral

S.Korea to Reach Net Zero Emissions by 2050

According to the World Bank, in 2019, Korea ranked as the world's 12th largest economy. As of 2019, it is also the world's seventh largest emitter.

Energy Investment

Australia’s Largest Solar Farm to Progress as Neoen Completes AU$600m Financing

What stands to be Australia’s largest solar farm at 460MWp can now progress after Neoen finalised a financing package for it.

United Kingdom

EDF Launches New Set of Emojis to Help Brits Discuss Climate Issues

UK utility EDF has launched a new collection of emojis to help the public to discuss net-zero and other climate change related topics.

Sweden

Vattenfall Records Q3 Fall in Wind Profits

Swedish energy company cites lower availability of offshore wind power and lower electricity prices.

H2ermes: Green Hydrogen for a More Sustainable Amsterdam

​Hydrogen will play a key role in the transition to a sustainable economy.

Energy Investment

Gov’t Approves $575m Sale of Tullow Oil Plc Assets to Total

Tullow Oil plc has revealed that the Uganda and the country’s tax body, the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the p…

Singapore

Singapore Earmarks $49m for Hydrogen, CCUS

Singapore has earmarked $49m to fund research, development and demonstration projects in hydrogen and carbon capture, utilisation and storage over the next five…

Carbon Neutral

Japan PM Suga Sets 2050 Deadline for Carbon Neutrality

Japan's Prime Minister Yoshihide Suga on Monday set a 2050 deadline for the world's third-largest economy to become carbon neutral, significantly firming up the…

Wind Farm

Greencoat Renewables Adds Irish Wind Asset

he An Cnoc project has been acquired featuring five Enercon E70 turbines

United Kingdom

UK Electrolyser Crew Raises £165m War Chest

UK hydrogen electrolyser manufacturer ITM Power has raised £165m through a share offering that will be used to accelerate the company's manufacturing capacity …