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June 17, 2022
World’s largest solar-plus-storage plant to be built in the Philippines
Philippines-based Prime Infrastructure Holdings unveiled a plan to expand its investments in renewable energy by building the world’s largest solar plant in the Philippines.
June 17, 2022Australia pledges to cut emissions by 43% by 2030
Australia’s new Labor government upped its 2030 carbon-cutting target on Thursday, bringing the country closer in line with other developed economies’ climate pledge.
June 16, 2022India sees 125% jump in green investment in FY22 amid COVID recovery
Investment in India’s renewable energy sector increased by more than 125% year on year to a record US$14.5 billion in the fiscal year 2021-22 (FY22), according to a report released last week by the Institute for Energy Economics and Financial Analysis (IE
June 16, 2022Oil giant BP buys 40% stake in green hydrogen project in Australia
BP will purchase a 40.5% stake in and operate a solar, wind and green hydrogen project in Western Australia that, when completed, will be able to generate up to 26 GW of solar and wind power.
June 16, 2022NZ carbon prices rise on strong demand at auction
The New Zealand Government held on Wednesday its second carbon allowance auction for the year, auctioning 4.825 million tonnes of carbon credits on the NZX-EEX platform. Due to the strong demand, the prices went up to 76 New Zealand dollars per tonne, up
June 15, 2022Microsoft inks 100 MW solar power deal in India
Microsoft, the world’s largest technology company, has inked a long-term power purchase agreement (PPA) with Amplus Solar, a subsidiary of Malaysian oil and gas corporation Petronas.
June 15, 2022France urges EU to strengthen means against carbon price volatility
After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor
June 15, 2022UN campaign ‘Race to Zero’ toughens up membership criteria
United Nations-backed campaign ‘Race to Zero’ on Wednesday unveiled a tighter set of baseline criteria for the growing number of firms pledging to reducing greenhouse gas emissions.
June 14, 2022Better Energy pens 10-year solar PPA with Telenor, Telia
Better Energy, a Danish renewable energy developer, has signed a ten-year power purchase agreement (PPA) with Telenor and Telia in Denmark. Under the deal, Better Energy will oversee the construction of a solar park, which is scheduled to be completed and
June 14, 2022Delayed hydrogen development may impede net zero goals: DNV
Green hydrogen, generated by renewable energy or from low-carbon power, is critical for reducing emissions, but it will only account for 5% of the global final energy mix by 2050, falling short of what is required to reach climate targets, global energy c