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renewable energy

ADB boosts support for renewable energy in Maldives

1 min read

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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ADB boosts support for renewable energy in Maldives

1 min read

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…

Accenture helping Siemens Gamesa to develop and implement cloud-based HR solutions

1 min read

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 Siemens Wind and Gamesa, Siemens Gamesa is one of the world’s largest wind-turbine…

Renewable energy company – Ocean Sun got listed on Merkur Market

1 min read

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 water body’s cooling effect, which lowers the solar panels’ operating temperature and increases…

BP cuts dividend and plans to slash oil production by 40%

2 mins read

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 its business as it pivots from being an international oil company focused on…