The Ministry of Energy of Azerbaijan, together with the International Finance Corporation (IFC) and the World Bank, presented a roadmap for offshore wind energy within the framework of the Baku Energy Forum on Friday, in which it had stated that the country’s offshore wind power capacity could reach 7.2 GW by 2040. “For the first …
Оffshore Wind Power in Azerbaijan Could Reach 7.2 GW by 2040 Read More »
Energy has always been and will remain a strategic area. Countries that have natural energy resources have a political and economic advantage and an important role in the geostrategic world. Resources have always been important, and the struggle to control them has been a motive for many military and political operations. The energy transition and …
Energy Transition is A Chance for Many New Players in The Market 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 »
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 »
The price of oil has reached a historically high level, perhaps the highest in the past 15 years. According to market signals, the high price per barrel of oil will continue to grow or remain high in the next period. Why is this important for the energy transition and the greater representation of renewable energy …
The Central Asian region has about 5% of the world’s natural capacities for capturing wind and solar energy, which provides ample opportunities to develop the renewable energy sector. However, except for hydropower, especially in Kyrgyzstan and Tajikistan, the share of renewable energy sources (RES) in national energy balances is minimal in all CA countries. The …
EU Looks to Develop Central Asia’s Renewable Energy Sector Read More »
Azerbaijan is in intensive negotiations with colleagues from the UAE to expand their renewable energy cooperation, Azerbaijani Energy Minister Parviz Shahbazov said in an interview. “We are discussing the possibilities of cooperation and joint investments both in Azerbaijan and in the UAE. We recently laid the foundation stone for a new 230 megawatt solar power …
Azerbaijan, UAE Discuss Renewable Energy Cooperation Read More »
According to new research from Imperial University, using hydrogen instead of natural gas for heating could help the UK achieve net carbon neutrality by 2050. Currently, non-renewable natural gas derived from fossil fuels is used to provide half of Europe’s heat demand, and in the Netherlands and the UK, its national share is as high …
Heating Based on Hydrogen Could Help UK Meet Green Goals Read More »
Following the World Meteorological Organization’s 2021 State of the Climate report, which says greenhouse gas concentrations, global ocean temperatures, and sea-level rise hit a new record last year, UN Secretary-General António Guterres on Wednesday unveiled a plan of 5 points designed to give impetus to the broader use of renewable energy, the Associated Press reported. …
UN Plans to Increase Use of Renewable Energy Sources Read More »
