With the US retreating from climate finance and fossil fuels getting cheaper, Asia faces a choice: chase short-term gains or find new partners to keep its clean-energy future on track. Washington’s withdrawal last week from the Just Energy Transition Partnership (JETP), a global initiative to help developing nations shift from coal to renewables, has cast a long shadow over energy-hungry Asia, which faces intensifying climate threats and a fast-evolving geopolitical landscape. The price of Brent crude oil recently plunged to a five-month low before inching up as the world’s most influential oil cartel, Opec, increased output from April in response to pressure from US President Donald Trump to bring down prices. A possible early resolution to the Ukraine-Russia war could open the tap to cheap oil from Russia that had
Tag Archives: RenewableEnergy
Feb
UK-based solar tech startup GRYD has secured $1.2 million (£1 million) in pre-seed funding to build the nation’s first solar subscription platform. Black Seed VC, an early-stage venture firm dedicated to Black business founders in the UK, and SFC Capital, an investor in disruptive UK companies, participated in the round. Other notable investors include Oasthouse Ventures, whose Director, Simon Turner, has financed and scaled renewable infrastructure businesses globally. The solar tech startup will use the investment to fund its national expansion. GRYD’s Affordable Solution For Residences Mohamed Gaafar, Scott Whiteside, and Tom Jordan founded GRYD in 2023 after meeting at the Antler accelerator program in London. They envisioned creating a subscription-based solar power service, allowing homeowners to access solar power without upfront costs. The solar tech startup has developed a
Jan
Floating solar arrays represent one of the most innovative advances in renewable energy technology. According to the World Bank’s comprehensive floating solar study, these installations can achieve up to 15% higher efficiency compared to traditional ground-mounted systems. This guide provides engineering professionals with essential guidelines for designing effective floating solar installations. Core Components of Floating […]
Introduction By 2025, the solar industry will face an unprecedented challenge: managing over 78 million end-of-life solar panels annually. This growing volume of solar waste represents both an environmental imperative and an economic opportunity. As the first generation of large-scale solar installations reaches retirement age, the need for efficient recycling technologies has never been more […]
Jan
For decades, the solar energy industry has been pushing against the theoretical limits of photovoltaic efficiency. Now, in a groundbreaking development that promises to reshape the renewable energy landscape, researchers have achieved a remarkable 31% efficiency rate with perovskite solar cells – a milestone that could accelerate our transition to sustainable energy sources. The Significance […]
Businesses, investors, unions, and climate advocates have been urging for significant clean economy investments. The question is, did the 2024-25 federal budget address these calls? The government’s Future Made in Australia policy includes a strategic framework, $22.7bn in spending, and facilitation policies. The framework aims to provide discipline by supporting sectors crucial for net zero […]
Nov
The African Export-Import Bank (Afreximbank) has announced a groundbreaking initiative aimed at addressing the funding gap in Africa’s power sector. The bank, headquartered in Cairo, Egypt, has revealed plans to establish an energy bank that will focus on financing clean and renewable energy projects, promoting regional integration of energy markets, and supporting local content development. […]