NewsRoom Articles - Page 14 of 70

ThursdayJan 23, 2025 10:00 am

Harnessing Tidal Energy Opens Additional Green Energy Option

The relatively unexplored field of wave and tidal energy could open the door to a new type of clean energy and increase the world’s portfolio of marine-based renewable energy sources. On the Canary Islands, a Norwegian firm called Ocean Oasis is combating water supply issues by using wave energy to convert saline seawater into freshwater. This novel type of clean energy will help the Canary Island region, which has become incredibly reliant on seawater desalination, to produce emission-free freshwater. Located off the West African coast, the Canary Islands have suffered severe water shortage issues amidst significant pressure on its natural…

WednesdayJan 22, 2025 9:30 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Secures $25.8M for Battery Storage Projects as Demand Surges

The $25.8 million in financing from the Royal Bank of Canada will be used for two Ontario-based battery energy storage system projects. The projects mark SolarBank’s first foray into energy storage, a market expected to reach $31.2 billion by 2029. Contracts for the projects include a 22-year term with fixed capacity payments significantly above the market average. The projects will benefit from Canada’s Clean Technology Investment Tax Credit, covering up to 30% of eligible capital costs. Battery storage is becoming essential for grid resilience, cost management and meeting skyrocketing energy demand. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN)…

FridayJan 17, 2025 8:00 am

The Economic Implications of the World’s Shift to Green Energy

The global transition from fossil fuels to renewables will undoubtedly have significant economic implications. With oil, natural gas, coal, and other fossil fuels deeply entrenched into most countries’ energy systems, replacing them with clean alternatives like solar, wind, and geothermal is sure to be a gargantuan effort that affects several industries. While the green transition is mostly driven by concerns about how fossil fuels impact the environment, it is also an economic endeavor that could potentially reshape the global economic order. Data shows that green sources of energy account for over 30% of electricity generation worldwide and most experts agree…

ThursdayJan 16, 2025 8:00 am

Africa Lags as Renewables Surge Around the World

Africa risks being left behind as the rest of the world transitions from fossil fuels to renewables, experts say. Data shows that although the global capacity for green energy expanded at a record pace and added a whopping 500GW of new capacity last year, just 1.6% of this growth occurred in Africa. Energy experts warn that the energy divide between the continent and other regions could expand if no action is taken. Speaking in Abu Dhabi at the International Renewable Energy Agency’s (Irena) 15th annual meeting, Director General Francesco La Camera said that global green energy capacity has to reach…

TuesdayJan 14, 2025 8:00 am

Why US Tariffs May Not Dent China’s Renewable Energy Technology

China may not be as vulnerable to U.S. tariffs as the incoming Trump administration may expect. With President-elect Donald Trump just a week away from assuming office, his administration has pledged to pass a series of tariffs against China to combat the Southeast Asian country’s dominance and decouple the U.S. from its world-spanning supply chain. However, compared to other exporting sectors in the country, China’s massive green energy industry is much less vulnerable to U.S. tariffs. Beijing has surpassed Washington in the renewable energy space by an incredibly wide margin and may even be able to thrive in a future…

FridayJan 10, 2025 8:00 am

Trump Criticizes the UK’s Renewable Energy Policies

The United Kingdom's decision to phase out gas and oil drilling in the North Sea has drawn the ire of U.S. President-elect Donald Trump. An outspoken critic of the Biden administration's efforts to replace fossil fuels with renewables, Trump recently took to social media to criticize the UK for taxing fossil fuel mining in the North Sea. Donald Trump posted a statement on Truth Social claiming that the UK was making a ‘very big mistake’, urging UK officials to ‘get rid of the windmills’ and open the North Sea up to fossil fuel mining. While this isn't the first time…

WednesdayJan 08, 2025 8:00 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Is ‘One to Watch’

SolarBank has a development pipeline exceeding 1 GW, with over 100 MW of renewable energy projects completed. The company operates a vertically integrated business model, ensuring cost efficiency and maximizing profitability across the project lifecycle. SolarBank recently secured a $25.8 million project finance facility for two BESS projects, demonstrating robust financial backing. Announced expansion into the rapidly growing data center market positions the company to tap into an industry that’s forecast to reach a value of $395 billion by 2030. Leadership with over 100 years of combined experience ensures strong operational expertise and strategic vision. SolarBank’s diverse portfolio spans solar…

TuesdayJan 07, 2025 9:30 am

The EU is Relying on Education to Promote its Green Deal

With the European Union investing significantly in renewable energy technologies and green infrastructure, the regional bloc is relying on education to promote the EU Green Deal among Europeans. The human element will be key to accelerating the EU’s transition from fossil fuels to renewables, particularly in terms of specialized labor. Many EU nations have hundreds of millions to billions of dollars’ worth of green energy investments set aside, but have been held back by human resource shortages in key green energy-related fields. Furthermore, the ultimate success of the EU Green Deal will be dependent on EU citizens understanding and adopting…

FridayJan 03, 2025 8:00 am

Vietnam Ramps Up Coal Imports as it Struggles to Transition to Renewable Energy

Recent reports have revealed that Vietnam is ramping up coal imports despite its abundant renewable energy resources as well as its commitment to ditching fossil fuels. Vietnam currently generates more solar energy than any other country in Southeast Asia and has some of the most progressive renewable energy policies and goals in the region. However, forecasts from the International Energy Agency show that Vietnam was one of the top 5 coal importers in 2024 after its imports surpassed Taiwan's. Like many other countries that are trying to make renewables their dominant source of energy, Vietnam is struggling to develop its…

ThursdayJan 02, 2025 8:00 am

Investors are Taking Interest in Copper Cables as the Green Energy Transition Gains Momentum

The global transition to green energy is creating new opportunities and markets for copper cable manufacturers and a growing number of investors. Although copper cables will play a critical role in the green transition, they don't get as much attention as some of the other equally crucial ‘green metals’ that will be integral to the transition. However, some savvy investors have noted the red metal's potential, particularly as conductors in renewable energy infrastructure, and began investing accordingly. Broadly speaking, the transition to renewable energy will involve two different elements; generating clean energy and transmitting this energy to households and businesses.…

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