Geely Automobile Holdings Ltd (Geely Auto) has become the first Chinese automaker to secure an overseas sustainable club loan. The three-years $400 million facility will be used to support Geely Auto’s R&D of technologies and production of vehicles in new energy segment, enabling the company achieve its carbon neutrality goal by 2045. The oversubscribed club
Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. According to analysis of heat levels and satellite data by Rystad Energy, State gas giant Gazprom is
The Belledune Port Authority (BPA), which manages the infrastructure and assets of the Port of Belledune in northern New Brunswick, Canada, has signed a memorandum of understanding with Niedersachsen Ports in Wilhelmshaven, Germany, to collaborate on the movement of dry and liquid bulk commodities, as well as manufactured products, between Canada and Germany, with a
Japan’s JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG). Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell
Kawasaki Kisen Kaisha, Ltd. announced that it has conducted a trial use of marine biofuel which was supplied by pioneering marine biofuel supply company GoodFuels on Supramax bulker “ALBION BAY” with the cooperation of JFE Steel Corporation. This is second successful trial use of marine biofuel by “K” LINE vessel. “K” LINE signed a deal
Wind and solar are the renewable sources of energy, which emit very tiny or no greenhouse gases. They are readily available and much cheaper than coal, oil and gas. Indeed, the fossil fuels like coal, oil and gas are the worst contributors to global climate change. Theay account for over 75 percent of global greenhouse
NHPC Ltd announced that its subsidiary and the Rajasthan government to develop renewable energy parks with a capacity of 10 gigawatts (GW) in Rajasthan. The ultra-mega renewable energy power parks (UMREPP) will be developed by NHPC Renewable Energy Limited (NHPC REL), the wholly-owned affiliate of the hydropower firm, which has signed the pact with the
The UK Department for Transport (DfT), via the UK Maritime Coastguard Agency (UKMCA), has set a target date for passing the Merchant Shipping (Nuclear Ships) Regulations into law. The current legislative timetable will see the regulations enter force on November 22. The regulations will transpose Chapter VIII in the Annex to the International Convention for
Norway’s Climate Investment Fund ‘Norfund’ and its leading pension company KLP will acquire 49 per cent stake in India’s 420 MW solar power plant ‘Thar Surya 1’ for an estimated Rs 2.8 billion. This is their maiden investment as part of a strategic tie-up between Norfund and Italian Enel Green Power. Enel is the company
Indian Oil Corp, the country’s top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting. India, one of the world’s biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070. On