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Bank of the Philippine Islands to halt all coal plant financing by 2033

• 2021-08-03 07:25:25.128079
• David Flin

The Bank of the Philippine Islands (BPI) has announced that by 2033 it aims to stop all lending to coal-fired power projects and channel more funds to renewable energy projects.

Mitsubishi to boost renewable energy in power generation business

• 2021-05-03 07:23:11.416362
• David Flin

Mitsubishi has announced that it will increase the share of renewable energy sources in its power generation business from the current 30 per cent to over 60 per cent by 2030.

Ending biomass funding program sets back net zero

• 2021-04-12 23:04:58
• Junior Isles

The UK government’s decision to end the Non-Domestic Renewable Heat Incentive (NDRHI) at the end of March has left manufacturers without a financially viable green alternative to generate heat for many crucial industrial processes. This will force many businesses to seek out cheaper, non-renewable sources of energy to power their processes. Luke Worrall, Business Development Manager at biomass installation specialist NerG, explains why this move will harm the UK’s efforts to reach net zero carbon emissions by 2050 unless policy gaps are addressed.

Vietnam plans to dramatically increase wind power generation

• 2021-04-02 07:52:59.000720
• David Flin

A power development plan published by Vietnam’s Ministry of Industry and Trade (MOIT) foresees a dramatic increase in wind power production by 2030 and a tripling of renewable energy production between 2030 and 2045.

South Africa picks bidders for emergency power generation

• 2021-03-19 06:05:22.974020
• David Flin

South Africa has announced the preferred bidders to provide emergency power to boost supply to heal Eskom deal with rolling blackouts.

Renewables become dominant EU power source

• 2021-01-26 07:23:59.192781
• David Flin

For the first time, renewables are the dominant power source in Europe’s electric grid.

Peru government propose renewable energy initiatives

• 2021-01-21 07:32:33.444421
• David Flin

Francisco Sagasti, interim President of Peru, has introduced a bill to the Peruvian Congress to provide investment incentives for renewable energy resources.

Wärtsilä will cooperate in green hydrogen project

• 2021-01-18 07:38:37.402600
• David Flin

Wärtsilä Finland, the energy companies Vaasan Sähkö and EPV Energia, and the city of Vaasa, Finland, have signed a letter of intent to cooperate in a project to utilise green hydrogen in power generation, industry, and transportation applications.

Realising a once-in-a-generation opportunity for a clean energy revolution

• 2021-01-04 23:02:17
• Junior Isles

The G20’s stimulus packages are weighted to support legacy energy systems; missing the opportunity to create jobs and accelerate the transition towards flexible, renewable-powered economies.

By Sushil Purohit, President, Wärtsilä Energy

Britain sets new record for daily wind power generation

• 2020-12-29 07:42:21.382327
• David Flin

Over half Britain’s daily electricity came from wind power on 28 December for the first time on record.