In a significant development, South Korea has unveiled a plan to build the world’s largest wind power plant by 2030 at a cost of $43.2 billion (48.5 trillion won) as part of broader efforts to foster an sustainable-friendly economic recovery… Read More ›
wind energy
South Australia picks Tesla for grid-scale battery project
South Australia has shutdown polluting coal-based power plants and has instead embraced renewable energy sources. In a significant development, Tesla has been picked by South Australia to install a grid-scale battery which is to be paired with France’s Neoen wind… Read More ›
Inflows into “green” mutual funds reflect growing investor optimism in renewable energy
The support for renewable energy in the Trump Administration is bipartisan. U.S. President Donald Trump’s winning last year’s U.S. elections had largely resulted in investors pulling out nearly $68 million from “green” mutual funds, reflecting the belief that his pro-coal… Read More ›
Scottish Power awards Siemens to build EU’s largest offshore wind farm
This is in line with the British government’s efforts to incentivise low-carbon power production. In a move that would enthuse green energy backers, Siemens has won a five year contract worth $1.2 billion (833 million pounds) to build and service… Read More ›