Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
Global investment in clean energy nearly doubles that of fossil fuels
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
L&T advances renewables infrastructure for world’s largest green hydrogen plant
Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.
India to add 20 GW of renewable energy capacity in FY2024, says ICRA
ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.
Rajasthan launches 810 MW solar tender
Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) is accepting bids to develop 810 MW of state transmission utility (STU)-connected PV projects in the Bikaner district. Bidding closes on June 7.
Gensol Engineering profit surges by 125%
Gensol Engineering’s net profit (profit after tax) surged 125% year-on-year to INR 249 million ($3 million) during the year ended March 31, 2023.
L&T forms Green Energy Council
The council will identify technology trends in green energy, analyze the evolving global policy developments, evaluate emerging business models, and advise on collaborations.
Anti-soiling PV coating delivers 3% boost in energy production
A study conducted in the semi-arid weather conditions of Ben Guerir, Morocco, evaluated the performance of antistatic and hydrophobic coatings for photovoltaic solar panels. After nine months of operation, the PV panels with coatings developed by Portuguese company ChemiTek produced an average of 3% more energy than the uncoated ones.
Annual floating solar additions to top 6 GW by 2031, says WoodMac
The global floating solar (FPV) market is expected to keep up its steady growth, as the Asia-Pacific region continues to lead demand.
Building nature-friendly solar parks
Hungarian company SolServices has published a white paper outlining ways to make solar farms more compatible with nature and wildlife, from insects and amphibians to birds, bats, rodents and big game.
