The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids into renewable-energy-based hybrid systems covering 160 outer islands in Maldives. The project will expand renewable-based hybrid systems, distribution grid upgrades, energy management systems, and supervisory control and data acquisition systems in additional 12 outer islands. It will also install solar-photovoltaic-based ice-making machines in four outer islands to support fisheries, develop and introduce a climate- and disaster-resilient electricity…
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The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids…
The FINANCIAL — Accenture (NYSE: ACN) is helping Siemens Gamesa, a global leader in renewable energy, develop and implement a cloud-based state-of-the-art human resources (HR) solution to streamline its HR operations, reduce operating costs and improve the employee experience. Created from the 2017 merger of…
The FINANCIAL — The renewable energy company Ocean Sun has today been admitted to trading on Merkur Market (ticker code: OSUN-ME). Ocean Sun has developed a floating power system with solar panels mounted on a thin hydro-elastic membrane. “Our technology offers renewable energy at world-beating cost levels enabled by the…
The FINANCIAL — BP to cut down on oil spending and focus on clean energy as a part of a major strategic overhaul revealed on Tuesday, together with a major second quarter loss and dividend cut. BP introduced a new strategy that will reshape…