Green technology
The African Development Bank, European Bank for Development and Reconstruction (EBRD), and the British International Investment (BII) have joined forces to provide a significant financing package worth $479.1 million to Obelisk Solar Power SAE, a special purpose vehicle incorporated in Egypt, to develop a 1 GW solar photovoltaic (PV)
Green technology
Georgia's electricity consumption is projected to rise by approximately 73% by 2030, reaching 22 billion kWh, according to energy experts. To counter a potential energy shortfall, the government is intensifying efforts to harness domestic renewable energy sources, including wind, solar, and hydropower. A key example is the Kartli
Green technology
GS Inima, a Spain-based global leader in water infrastructure development and operation of desalination and wastewater treatment plants, has secured the necessary financing to construct a 6.3MWp photovoltaic (PV) plant at the Barka V desalination facility in Oman. This milestone will support the integration of renewable energy into essential
Green technology
Banpu Power Plc is optimizing its portfolio by divesting shares in 10 Japanese solar power plants, worth 4.46 billion baht, to focus on long-term sustainable growth. The company plans to balance its portfolio between thermal and renewable energy projects in key locations across the Asia-Pacific region. Banpu Power operates
Green technology
Electric Glass Fiber UK (EGFU), a Wigan-based company making critical components for wind turbines and electric cars, is set to close after its Japanese owner, Nippon Electric Glass (NEG), failed to secure a rescue deal. The company's closure, which will affect 250 workers, poses a threat to net
Green technology
The Manila International Container Terminal (MICT) has made a significant step towards sustainability by introducing two fully electric terminal tractors, marking the first deployment of such equipment in a Philippine port. The electric tractors will help improve energy efficiency and reduce emissions in port operations, aligning with MICT's
Green technology
The African Development Bank, European Bank for Development and Reconstruction, and the British International Investment are providing a combined $479.1 million to Obelisk Solar Power SAE to develop a 1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System (BESS) in Egypt'
Green technology
The Senate's Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has approved a proposal to abolish the 18% sales tax on imported solar panels. This move comes after widespread opposition to the proposed tax on solar energy products. Finance Minister Muhammad Aurangzeb had earlier announced the tax
Green technology
Eolus Aktiebolag, a Swedish wind power company, has sold a greenfield-developed wind power project, Pienava, to Latvia's state-owned energy company, Latvenergo. The project, totaling 147 MW, is expected to deliver up to 475 GWh of renewable electricity per year to the Baltic power grid. The construction of the
Green technology
UK Energy Secretary Ed Miliband will announce significant investment in the offshore wind industry today, amid predictions that the sector's workforce could double by the end of the decade. The funding, reportedly the largest joint investment by government and business in the sector's supply chain, aims
Green technology
Researchers at Chongqing University in China have made significant progress in wind power prediction, unveiling an improved method that combines multiscale numerical simulation and deep learning to enhance both accuracy and efficiency. This innovative approach, highlighted in a recent study, leverages Weather Research and Forecasting (WRF) for meteorological prediction, followed
Green technology
The National Assembly finance committees have rebuffed a proposed 18 per cent sales tax on solar panels, citing concerns over its potential to discourage green energy adoption. The decision came during deliberations on the Finance Bill for the 2025-26 fiscal year. The committees expressed unanimous opposition to the proposed tax,
