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.
Himadri invests US$6.7 million in Australia’s Sicona Battery Technologies
India’s Himadri Speciality Chemical has acquired a 12.79% stake in Sicona Battery Technologies, an Australian startup that specializes in high-capacity silicon anode technology for lithium-ion batteries.
Three million photovoltaic systems in Germany
The German Solar Industry Association sees uninterrupted demand for private photovoltaic roof systems in particular. The mark of four million photovoltaic systems could be reached as early as next year.
NLC, WAPCOS sign MoU on pumped storage
State-owned thermal energy giant NLC has signed an agreement with WAPCOS Ltd, a public-sector engineering consultancy services provider, to carry out collaborative technical services and advisories for developing pumped storage projects in India.
Adani Transmission reports 85% increase in PAT during Q4FY2023
The company’s consolidated profit after tax (net profit) of INR 440 crore ($53.3 million) in the Jan-March period of 2023 was 85% higher year-on-year.
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.
Borosil Renewables profit drops 47% as margins contract
The Indian solar glass manufacturer recorded a net profit (profit after tax) of INR 88.54 crore in FY 2023, a decrease of 47% over FY 2022.
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.
Agrivoltaics in India: Challenges and opportunities for scale-up
A new study assesses agrivoltaics development in India and identifies the challenges and opportunities for commercializing these projects.
