Siemens Gamesa reviewed its wind turbine fleet’s failure rates and discovered that it has much bigger problems than it thought – and that they could take years to fix. Big wind turbine problems at Siemens Gamesa Siemens Gamesa Renewable Energy SA – one of the largest wind turbine makers in the world – is Siemens … Read more
NEW DELHI: Indian companies will invest about $2 billion in the US to boost renewable energy and clean mobility supply chains, attracted by incentives under the Biden Administration’s Inflation Reduction Act that reduces costs to boost renewable energy. The investment plans coincide with prime minister Narendra Modi’s State visit to the US and the prospects … Read more
By Team IO Climate tech startup 1KOMMA5° has achieved a €1 billion valuation within 23 months, becoming Germany’s newest unicorn. The Hamburg-based company raised €430 million in a Series B round led by G2VP, and plans to use the funding to further develop its energy management technology and expand into new markets. Their Internet of … Read more
The Netherlands has almost the same amount of solar generating capacity as the whole continent of Africa. That must be, in part, because the interest on a loan to set up a windfarm in Africa is about 17% more than one to do the same in Europe. Many poor countries enjoy vast natural resources of … Read more
Georgia Oliver Ristau The EU wants to import green electricity from Georgia as part of a move to make the country less dependent on Russia and help the bloc meet its climate targets. Georgia relies heavily on hydropower to meet its energy needs Image: Oliver Ristau For Georgia , the Kura, the longest river in … Read more
ØRSTED’S vision is a world that runs entirely on green energy. If we want to truly achieve that and deliver green, cheap, and secure energy for everyone – we need to radically transform the entire energy system. That means we must accelerate radical innovation now – so we can proactively build the sustainable green energy … Read more
Senegal struck a deal with wealthier countries on Thursday (22 June) that will see it get an initial €2.5 billion in finance to develop renewable energy and speed up its transition to a low-carbon economy. “Senegal has committed to increasing the share of electricity generated by renewable energy to 40% by 2030 with financing to … Read more
China’s 2001 entry into the WTO marked the beginning of the golden age of globalization. This was the catalyst that led to the global outsourcing of domestic manufacturing capacity to lower cost regions around the world. As a result, world economies became more interlinked. In 2016, President Trump began his administration by imposing tariffs on … Read more
People walk at a shopping area amid an orange alert for heatwave in Beijing, China June 22, 2023. REUTERS/Tingshu Wang SINGAPORE, June 23 (Reuters) – Record heat across Asia is putting its surging renewable power fleet to the test, highlighting the need for backup supply, transmission system upgrades and tariff reforms to ensure reliability and … Read more
EL ROM, GOLAN HEIGHTS – MAY 14: A late afternoon aerial view of new wind turbines constructed … [+] between vineyards and fruit orchards as part of the Valley of Tears (Emek Habacha) wind turbines farm project on May 14, 2020 near Kibbutz El Rom in Israel’s Golan Heights. The project is a joint venture … Read more