London: Dozens of wind turbines each standing 260 feet tall spin in the breeze on the plains of Oklahoma, feeding electricity for a Google data centre about 180 miles away.
Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels.Higher electrification may lead to oil demand peaking by 2030, but any reduction in emissions from the likes of electric vehicles will be offset by the increased use of power plants to charge…
Mumbai: Sydney-based infrastructure asset management group Macquarie Group Ltd is looking to acquire the solar power assets of Canadian Solar in India, said two people close to the development, requesting anonymity.
India will overtake the US to become the world’s second-biggest emitter of carbon dioxide from the power sector before 2030 as the nation’s electricity demand skyrockets, the International Energy Agency said in its latest World Energy Outlook.
London: Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday. Oil demand is not expected to peak before 2040, the Paris-based IEA…
New York: General Electric Co will sell assets with “urgency” to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high.
New Delhi: State-run hydro power giant NHPC on Friday said its board may consider a proposal to buy back shares at its meeting scheduled on November 14, in line with the government’s aim to garner around ₹80,000 crore from disinvestment this fiscal.
Agartala: The Tripura government will soon start dialogue for purchase of 26% equity shares of the Palatana gas thermal power project from Infrastructure Leasing and Financial Services (IL&FS).
Tokyo: Toshiba Corp is liquidating its British nuclear power unit and selling its US liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors’ confidence.
Mumbai: Billionaire Dilip Shanghvi’s Sun Petrochemicals Pvt. Ltd is planning to enter the power generation business, two company executives aware of the development said.