In a bid to become a net zero carbon company by 2035, Indian multinational conglomerate Reliance Industries will invest US$10.1 billion in clean energy over the next three years. Reliance, which gets 60% of its revenue from oil refining and petrochemicals, will spend 600 billion rupees...
Lithium Americas plans to resume construction activities at its Caucharí-Olaroz lithium project in Argentina following an enforced shutdown in March due to measures against the COVID-19 pandemic. The large-scale project, a joint venture with China’s Ganfeng Lithium, was suspended again in early July after two workers...
A new report from GlobalData has forecasted that non-hydro renewable energy will make up at least 50% of Chile’s power generation base by 2030. The report, titled Chile Power Market Outlook to 2030, Update 2019, found that the share of non-hydro renewable power in Chile reached...
Norwegian energy group Statkraft has launched a virtual power plant in the UK which connects more than 1GW of wind, solar and gas engines with battery storage. “The idea is to match renewable power production with market demand within seconds,” said Duncan Dale of Statkraft in...
South Africa’s state-run utility Eskom has revealed it is planning its first major battery storage project as President Cyril Ramaphosa looks to incorporate more renewable sources into the national energy supply and reduce the nation's reliance on coal. Prince Moyo, general manager for power delivery engineering...
Investors in renewable energy are seeing the destruction of Puerto Rico’s electrical system by Hurricane Maria as an opportunity to develop a system based on locally produced solar and wind-based power. Prior to the hurricane, around half of Puerto Rico’s electricity was generated from imported fuel...