The Net Zero Asset Owner Alliance- NZAOA stated on March 29 that it anticipates its members making no fresh direct investment in upstream oil and gas infrastructure projects when it comes to new fields as part of its endeavours to keep global warming in check. The group, whose members are in control of $11 trillion in assets, opined that the requirements happen to be very stringent and also reflect a scientific consensus that is looking to transition the worldwide economy away from fossil fuels. The requirements are part of a position paper that lays out expectations for companies, members, an ..read more

The rapid buildout of liquefied natural gas infrastructure across Europe is on track to far surpass the demand by the decades end as per the new research with more than half planned LNG assets of the region seen at risk of becoming dormant. The European union has gone on to pledge so as to cut itself off from the fossil fuels by Russia by 2027 in response to what has taken place in Ukraine. Many member states are already fast-tracking plans to get alternative gas sources from countries like Qatar and the US. There are several nations, such as Germany, Greece, Italy, France, and the Netherlands ..read more

As the world experiences increasing demand for sustainable energy, Singapore-owned company Bluenergy Solutions offers a renewable energy solution from the ocean – tidal energy. By harnessing the power of tidal currents, Bluenergy Solutions offer a predictable and clean alternative to fossil fuel-based power generation. Today, Bluenergy Solutions is pleased to announce the launch of its Proof of Value (POV) project. The POV project, which entails a ‘Plug and Play’ solution that covers clean energy generation, storage and distribution, is located offshore near the Raffles Lighthouse on Pulau Sat ..read more

The new large-scale plant Pessegueiro is located in Pinhal Novo, Palmela (Portugal) close to Lisbon and will produce around 126,500 MWh of renewable electrical energy per year, which is enough to cover the annual power supply of a city with 26,000 homes. On March 29th, a symbolic opening ceremony of the Pessegueiro Photovoltaic Power Plant (63,5 MWp) was carried out at the parish of Pinhal Novo, Municipality of Palmela. The ceremony was attended by Portugal’s Minister of Environment and Climate Action, Duarte Cordeiro, the Secretary of State of Energy and Climate, Ana Fontoura Gouveia, the Amb ..read more

Ministers have made insignificant progress when it comes to enhancing UK homes’ energy efficiency, even as the Russian invasion of Ukraine has meant that there is a need to cut dependency on gas when it comes to home heating, as per the National Infrastructure Commission. As per the annual report from the Independent Infrastructure Tsars, the progress of improving infrastructure in the UK stuttered in 2022, despite the fact that there was increased investment to meet the economic and climate goals. The report took a dig at the government’s record on the sluggish take-up of electric heat pumps ..read more

Are you an enthusiastic driver looking to make a more sustainable choice for your vehicle? If so, electric cars may be the perfect option for you. Making transportation greener and cleaner has become a bigger priority in the past few years. Leading many people to explore the different benefits of owning an electric car. To help you with this topic, we’ll be discussing the numerous advantages of electric cars. So, hold tight in your seatbelt and let’s get started. Here are some of the most prominent benefits electric cars have to offer. Lower Environmental Impact  Electric vehicles produce ..read more

Brazil and China happen to be in talks to put in place a fund so as to finance the green industry and renewable energy development in both countries, as stated to Reuters by a couple of Brazilian officials. The proposal is likely to be announced when the Brazilian President, Luiz Inacio Lula da Silva, visits China in the week starting March 27. That said, as per the government officials, there are still some fine tunings that need to take place. The Brazilian President’s top foreign policy advisor, Celso Amorim, said that he doesn’t know if he will be able to announce anything as of now as thi ..read more

Preliminary agendas for CWIEME Central and E-Mobility stages feature high-level keynotes, providing latest industry intelligence and technical insights London, UK, March 16, 2023 – Hyve, the organiser of the global CWIEME events, the world’s largest event series dedicated to coil winding, transformers, electric motors, generators and e-mobility, announced today the release of the preliminary agendas for the two live stages, CWIEME Central and E-Mobility, at the CWIEME Berlin show to be held on May 23-25, 2023, at Messe Berlin. Featuring premium content, the three day program is filled with hig ..read more

As stated by the country’s Ministry of Trade and Industry, Singapore has no plans to make direct investments in cross-border infrastructure related to the ASEAN power grid. Their priority is to collaborate with regional partners to establish the framework, laws, and environment that will allow commercial companies to build the infrastructure, according to the Second Minister for Trade and Industry in Singapore, Dr. Tan See Lang. They will continue to collaborate closely with regional partners, including this year’s ASEAN Chair, Indonesia, to bring the ASEAN Power Grid to accomplishment. The AS ..read more

By 2022-end, global renewable generation capacity reached 3372 gigawatts (GW), thereby increasing the stock of renewable energy by a record 295 GW, or 9.6%. An astounding 83% of all new power capacity that was installed last year was due to renewable energy production. According to the International Renewable Energy Agency’s (IRENA) Renewable Capacity Statistics 2023, renewable energy continues to develop at historic levels despite global uncertainty, confirming the declining trend of fossil-fuelled power generation. Its continuous record rise demonstrates the endurance of renewable energy in ..read more