Results for: Sustainable Energy

The second annual Food Fuel Fertilizer Global Summit, hosted by the Saskatchewan Chamber of Commerce, kicked off in Regina on Monday, with a focus on the province’s trade and export efforts. Premier Scott Moe highlighted that 40% of all trade exports to India originate from Saskatchewan. The summit also aims to showcase the province’s opportunities in the global food and energy security sectors. Despite the province’s strength, Premier Moe expressed concerns about the current challenges posed by the federal government’s lack of collaboration.

Oil and Natural Gas Corp (ONGC) is all set to commence a new drilling initiative in June for India’s first geothermal venture in Ladakh. The project aims to establish a sustainable source for emission-free electricity, space heating, and irrigation in challenging landscapes. If the project progresses smoothly, a power plant with a minimum capacity of 1 MW will be established by the following year. ONGC is receiving guidance from consultants based in Iceland, a nation that relies on geothermal energy for two-thirds of its primary energy needs.

NextEra Energy Partners, LP (NYSE: NEP) reported strong adjusted earnings per share (EPS) for the first quarter of 2024, exceeding analyst expectations. The company’s adjusted EPS of $0.75 was $0.50 higher than the analyst estimate of $0.25. However, revenue fell short of expectations, coming in at $257 million compared to the consensus estimate of $340.98 million.

Karnataka and Gujarat have outpaced Maharashtra in effectively integrating renewable energy sources into their power sectors, demonstrating significant progress toward decarbonization. Maharashtra’s performance was held back by its “low share in renewable energy consumption,” among other factors, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) and Ember. The report highlighted Maharashtra’s low score in the rating of the Maharashtra State Electricity Distribution Company Limited (MSEDCL), which was responsible for approximately 90% of the total power purchased by discoms in the state. Additionally, the state was found to have only 12% of its renewable energy installed capacity in the distributed solar energy category.

However, Maharashtra performed well in the ‘Market Enablers’ dimension, indicating that it is laying the groundwork for an accelerated transition toward electricity. It also has a green tariff rate of 66 paise per unit for electricity consumers. The state has a pumped hydro storage capacity of 440MW and a pipeline of other storage tenders that are expected to be commissioned in the coming years.

For the first time in five years, Shanghai Electric (SEHK:2727, SSE:601727) will be participating in Hannover Messe, the world’s leading industrial trade fair. At the five-day event, the company will showcase its latest industrial equipment solutions, including cutting-edge power systems, zero-carbon industrial parks, intelligent manufacturing lines, and efficient industrial drives. Attendees will get the opportunity to witness Shanghai Electric’s latest technological solutions and achievements in driving industrial energy transformation and automation.