NewsRoom Articles - Page 20 of 76

ThursdayJan 30, 2025 10:00 am

Bottom-Up Projects Will Be Key to a Clean Energy Future in Cities

Citizen engagement and participation will be critical to achieving a clean energy future in cities across the world, experts say. Although transitioning to green energy will be one of the most significant infrastructure projects that humanity has ever undertaken, public awareness of the renewable energy transition is quite low. Bottom-up initiatives have especially low citizen participation rates and are barely in the public’s awareness, EUSEW Young Energy Ambassador Bettina Päri says. According to Päri, such bottom-up projects will be key to facilitating the full-scale change needed to reach the 100 Net-Zero-Cities target by the end of the decade. They provide…

WednesdayJan 29, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Seals $49.5M USD Deal with Qcells for Four Major Solar Projects in New York

The projects, totaling 25.577 MW, will be developed as community solar initiatives, with SolarBank managing the construction, operation and maintenance of the projects. The projects will use U.S.-manufactured equipment, aligning with Qcells’ investment in domestic solar production, while incentives from New York’s NY-Sun Program will further enhance the projects’ viability. Qcells is investing nearly $2.8 billion USD into boosting U.S. domestic solar manufacturing and innovation to support and accelerate the U.S. clean energy transition. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects,…

TuesdayJan 28, 2025 10:00 am

Climate and Weather Services are Vital to Clean Energy Transition, Says WMO

The World Meteorological Organization (WMO) says weather and climate services will be integral to the global transition to green energy. Joining the rest of the United Nations (UN) community to celebrate the International Day of Clean Energy on Sunday, 26th January, the organization stressed the importance of equal access to dependable, affordable, and modern sustainable energy. With the effects of climate change becoming more pronounced every year, it is critical that nations rid themselves of fossil fuels and incorporate clean energy into their energy mixes. Solar, wind, geothermal, hydro, green hydrogen, and other renewable alternatives to fossil fuels will be…

FridayJan 24, 2025 10:00 am

Siemens Boss Sounds the Alarm on Looming Shortage of Skilled Clean Energy Workers

A top Siemens Energy executive has sounded the alarm over an impending shortage of skilled green energy labor as the UK steps up efforts to increase its green energy capacity. Siemens Energy’s UK and Ireland boss Darren Davidson says the lack of skilled workers is one of the top challenges facing the country’s burgeoning renewable energy sector and estimates that the industry will need up to half a million more skilled workers to meet net-zero emission targets. With the renewable energy space going through ‘unprecedented growth,’ the Siemens executive said, this labor gap will be one of the largest obstacles…

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…

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