Over the past 12 months, Turkey has managed to save $7 billion on energy imports through the development of sun and wind power, which has helped lower electricity bills amid a sharp rise in gas prices around the world, according to a report by the British think tank Ember, local media reported. The Turkish government …
Sun and Wind Allow Turkey to Save $7bn a Year on Gas Supplies Read More »
Putting South Africa’s coal economy on a greener footing and transitioning to clean energy will require at least $250 billion over the next three decades, according to a report released May 26 at the World Economic Forum in Davos. About half of the total investment, $125 billion, is needed to expand wind and solar energy …
South Africa Needs $250bn Over 30 Years to Transition to Clean Energy Read More »
Brazil is interested in establishing cooperation with Europe on developing hydrogen energy and supplying the region with energy carriers in the face of the rejection of Russian natural gas. The notion was announced on Wednesday by the Minister of Economy of the country, Paulo Guedes. “Who will produce green hydrogen for Europe, which cannot depend …
Brazil Ready to Develop Hydrogen Energy in Partnership With Europe Read More »
China’s largest lithium-ion battery manufacturer Contemporary Amperex Technology (CATL) has invested in a dedicated company to develop alternative energy technology projects, Chinese media reported. The authorized capital of the company is 10 million yuan (about $1.5 million). The scope of its activities will include engineering and technical work, experiments, the study of technologies for alternative …
Chinese CATL Wants to Develop Alternative Energy Technologies Read More »
The European economy should move towards decarbonization – the maximum reduction of carbon dioxide emissions into the atmosphere. Such an appeal to the participants of the Davos forum was made by the President of Lithuania Gitanas Nauseda, who participated in it, his press service reported. “Europe must decarbonize the economy. We must abandon fossils and …
Lithuanian President Calls for Decarbonization of European Economy Read More »
TotalEnergies has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewable energy company in the U.S. TotalEnergies has been expanding into the rapidly growing renewable energy sector and diversifying away from hydrocarbon-focused activities in recent years. The company said it would merge with Global Infrastructure Partners (GIP) as a result of the acquisition. …
TotalEnergies to Buy 50% Of Fifth-Largest Renewable Energy Company in U.S. Read More »
BMW is considering investing in alternative energy – solar, geothermal and hydrogen projects to reduce its dependence on natural gas, a production chief told Reuters on Monday. In 2021, 54% of BMW’s energy consumption came from natural gas. The automaker is now exploring where solar panels could be installed in its plants and is developing …
BMW Considers Investing in Alternative Energy Projects Read More »
China tripled its investments in solar energy projects during January-April, Bloomberg reported. Thanks to this, the Asian giant managed to establish a record number of new capacities for the production of clean energy. During the first four months of this year, investments in “green energy” amounted to 29 billion yuan (about $4.3 billion). This is …
Among the renewable energy sources in Turkey, wind power is the best developed, said the head of the Turkish Wind Energy Association (TÜREB) Ibrahim Erden. The Turkish official noted that Western leaders in this field may move production to Turkey as electricity supply chains were disrupted in China after the COVID-19 pandemic obtained with the …
The Japanese government will allocate 20 trillion yen (about $157 billion) over the next three years to build the country’s economy, including the complete cessation of industrial emissions of carbon dioxide into the atmosphere and having a CO2-free economy. In particular, the funds will be spent on subsidies to private companies that are actively involved …
Japan to Allocate 20 Trillion Yen to Build a CO2-Free Economy Read More »
