Renewable energy is energy that is generated from natural resources such as sunlight, wind, rain, tides, and geothermal heat. These sources are renewable and are constantly replenished. Renewable energy technologies range from solar power, wind power, hydropower, and biofuels to geothermal and tidal energy. Renewable energy is becoming increasingly important as the world’s population and energy needs grow. In addition to providing clean and sustainable energy, renewable energy sources can also help reduce carbon emissions and improve air quality.
WEIPA, Australia--(BUSINESS WIRE)--Rio Tinto has approved a new 12.4MW solar farm and 8.8MVa/2.1MWh of battery storage to provide renewable energy for the Amrun bauxite operations near Weipa in
The growing need for integration of variable renewable energy with the grid and decentralization of distributed energy resources using electrical digital twins is the main driver for the market. NEWARK, Del, Dec. 04, 2023 (GLOBE NEWSWIRE) — As per a new market research report published by Future Market Insights, the global electrical digital twin market […]
(UPDATE) – Philippine based energy major, ACEN Corp on Monday announced a new collaboration with The Coal to Clean Credit Initiative (CCCI), which has support from The Rockefeller Foundation, to use carbon finance to retire a coal power plant and replace it with renewable energy. CCCI and ACEN are working jointly with the Monetary Authority […]
The government's target to achieve 500 GW of renewable energy generation by 2030 is making market participants positive about these firms. "The revenue visibility of the renewable energy sector is quite strong, and the government is also aiming to generate more energy from wind and solar mediums having laid out ambitious targets," said Deepak Jasani, head of retail research at HDFC Securities.
Shares of Power Grid Corp. rose on Wednesday after it received a letter of intent to establish an interstate transmission system project in Gujarat. The project comprises evacuation of an additional 7 gigawatts of power from the Khavda renewable energy park under Phase III Part B on a build, own, operate and transfer basis. Power Grid' stock rose as much as 1.69% during the day to Rs 226.05 apiece on the NSE. It pared gains to trade 0.36% higher at Rs 223.10 apiece compared to a 0.20% advance in the benchmark Nifty 50.
Adani Electricity will provide 60% renewable electricity to Mumbai by 2027, setting a global record for a large city, Adani Group Chairman Gautam Adani said on Wednesday. Highlighting the green initiatives that the power distribution firm has taken, he said this Diwali, Adani Electricity achieved a landmark by fuelling Mumbai entirely with 100% renewable energy.
ACEN Corp. has cleared another partnership with a US-based company to develop renewable energy projects in the Philippines. In a disclosure to the stock exchange on Tuesday, the listed energy company said its executive committee had approved a proposed tie-up with BrightNight APAC B.V. to establish a local renewable energy (RE) platform. According to ACEN, […]
AYALA-LED ACEN Corp. has called for a responsible way of replacing traditional power plants with renewable energy sources to avoid supply disruptions. “Basically, to replace up in a responsible manner the coal, we need renewables — solar and wind — we estimate that this will require a thousand megawatts,” ACEN President and Chief Executive Officer […]