NewsRoom Articles - Page 18 of 76

ThursdayMar 06, 2025 10:00 am

Green Energy Investment is Showing Mismatched Priorities

Green energy is attracting a lot of much-needed investment but most investors are channeling their capital into mature projects and avoiding high-risk innovation. While staying away from high-risk investments is a sound investment strategy for the risk-averse, it may make it difficult for risky but impactful renewable energy projects to get off the ground. Most projections for the investments needed to fund the world's green energy future quote staggeringly large figures. After all, clean energy projects can be incredibly expensive to launch and they almost always require additional investments in grid infrastructure upgrades. However, all these investments are needed to…

TuesdayMar 04, 2025 10:00 am

Clean Energy Messaging Switches to Job Creation and Making Money

For the past several decades, calls to transition from fossil fuels to renewable sources of energy have been centered around preserving the environment and combating climate change. After all, fossil fuels produce millions of tons of carbon emissions every year and have been scientifically proven to contribute to climate change. However, the messaging around clean energy is shifting from ‘saving the planet’ to creating jobs and providing folks with new money-making opportunities. Renewable energy has already created tens of thousands of jobs globally and is expected to create many more over the next couple of decades. Centering green energy around…

FridayFeb 28, 2025 10:00 am

BP Ditches its Clean Energy Ambitions, Doubles Down on Fossil Fuels

Two sources have revealed that BP is ditching plans to increase renewable energy generation capacity and refocusing its efforts on fossil fuels. The sources told Reuters that the chief executive is set to scrap the company’s plan to boost green energy generation by 20 times through the rest of the decade, dealing a major blow to the clean energy industry’s growth. The decision to ditch green energy is reportedly part of a shift in strategy to help BP assuage rising investor concerns about the firm’s earnings. BP shares have struggled to compete with industry rivals for the past couple of…

ThursdayFeb 27, 2025 10:00 am

Report Calls Out Europe for Using African Renewable Energy for Greenwashing

Greenpeace is calling out European nations for using renewable energy produced in Africa to ‘greenwash’ their economies. The Greenpeace report says that European-backed green energy projects in North Africa limit the region’s ability to decarbonize, keep it dependent on fossil fuel imports and force it to shoulder the environmental costs involved with burning fossil fuels. Egypt and Morocco recently partnered with several European nations in a deal that would see the North African nations supply wind and solar energy to Europe over the next decade. The two countries are angling to position themselves as a key supplier to Europe as…

WednesdayFeb 26, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), Viridi Partner on Buffalo, NY Solar and Battery Project

SolarBank and Viridi are collaborating on a 3.06 MW solar and 1.2 MWh battery energy storage system in Buffalo, New York, repurposing a closed landfill, converting unused land into a source of clean energy. Pending approvals and financing, SolarBank is set to begin construction, while Viridi will provide the battery storage system. Viridi's battery systems include integrated fire suppression and anti-propagation technology to enhance safety. Once operational, the project will function under a community solar model, where residents can subscribe to the project, earning credits on their electricity bills without installing personal solar panels. Disseminated on behalf of SolarBank Corporation…

TuesdayFeb 25, 2025 10:00 am

The Energy Industry is Growing Doubtful of the Attainability of Net Zero Targets

A recent report shows that the confidence of the energy industry regarding the attainment of existing net-zero targets is fading. This comes as financial uncertainty, policy instability, and slow approvals for energy projects hinder the pace at which clean energy projects are started and completed. The report was authored by the Energy Industries Council, the largest global association bringing together firms that supply services and goods to energy industries around the world. The 950-member nonprofit organization is a good place to get insights about the direction of the renewable energy movement. The findings of this recent report are based on…

MondayFeb 24, 2025 12:15 pm

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Reports Substantial Revenue, Gross Profit Growth, with Key Developments Painting Positive Outlook

The company’s six-month revenue reached $20.1 million CAD ($14.15 million USD), reflecting steady long-term growth despite seasonal fluctuations. Gross profit margin increased to 29.2%, up from 18.4% in the prior year, signaling improved margins. Assets surged 372% to $185.3 million CAD ($130.47 million USD) during the six month period, following the acquisition of Solar Flow-Through Funds Ltd. Recent $70.3 million CAD ($49.5 million USD) deal with Qcells will drive revenue in upcoming quarters. Share price more than doubled in early February, signaling investor interest. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier…

FridayFeb 21, 2025 10:00 am

5 Common Misconceptions About Renewable Energy

Renewable energy generally refers to types of energy that don’t rely on finite (and often polluting) sources. Also called green or clean energy, renewables will be critical to weaning the world off of fossil fuels, cutting global emissions, and achieving carbon neutrality. Unfortunately, with the race to replace fossil fuels with renewables heating up, there have been a worrying number of misconceptions about green energy. Wind turbines kill whales is a popular misconception that’s often accompanied by artificial intelligence (AI) generated images of dead whales near turbines. However, the reality is that offshore wind turbines have zero effect on whales.…

ThursdayFeb 20, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Begins Construction on First Battery Storage Project in Ontario

$25.8 million financing from the Royal Bank of Canada will be used for a 4.99 MW Ontario-based battery energy storage system consisting of two projects, SFF-06 and 903. The projects mark SolarBank’s first foray into energy storage, a market expected to reach $31.2 billion USD by 2029. The project benefits from a 22-year contract with Ontario’s electricity operator, ensuring stable revenue. SolarBank is leveraging government incentives, including a 30% Clean Technology Investment Tax Credit. Anvil Crawler Development Corp. was awarded a $1.85 million contract for civil and electrical work on the project. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ:…

ThursdayFeb 20, 2025 10:00 am

IEA Says Renewables are Positioned to Cover Electricity Demand Growth Until 2027

The International Energy Agency (IEA) has revealed that renewables are poised to cover the impending rise in worldwide electricity demand for the next three years. According to a recent IEA forecast, renewables like solar and wind will cover a whopping 95% of the globe’s increased energy demand until 2028. Electrification across several industries coupled with the increased demand for cloud and artificial intelligence services will be largely responsible for the surge in global demand for electricity. The agency’s annual report, titled Electricity 2025, noted that the growth of energy-intensive sectors will accelerate the world’s increasing energy demands. Electrification coupled with…

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