Renewable energy

    • Google spends €1bn over German cloud centres

      Google spends €1bn over German cloud centres

      The technological conglomerate Google announced it intended to invest some one billion euros by 2030 to upgrade its cloud computing infrastructure in Germany and further boost the usage of renewable energy sources. Google noted it planned to raise new cloud computing centres in the Berlin region and in the town of Hanau, close to the DE-CIX data exchange in Frankfurt, AP reported.

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    • EU vows €122m for 32 small innovative projects

      EU vows €122m for 32 small innovative projects

      The EU Innovation Fund announced it had decided to invest €118m in 32 small innovative projects that are located in 14 Member States, Iceland and Norway. The grants are aimed to support projects targeted to promote low-carbon technologies to the market in energy intensive industries, hydrogen, energy storage and renewable energy.

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    • Norway to spend $1.2bn on renewable projects abroad

      Norway to spend $1.2bn on renewable projects abroad

      Norway announced it would channel some 10 billion crowns ($1.16 billion) in the next five years to fund renewable energy investments based in developing countries. The initiative is aimed to to cut greenhouse gas emissions worldwide, Reuters reported. The Norwegian climate fund, administered by the Norwegian Investment Fund for developing countries, from 2022 will back projects to reduce dependence on fossil-fuels, especially coal.

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    • German minister calls for 2% of land for wind power

      German minister calls for 2% of land for wind power

      German Environment Minister Svenja Schulze has called for more land to be made available for wind energy and has demanded that the government move forward on the issue. Schulze, a member of the Social Democrats (SPD) wants to see more backing for her proposal from Chancellor Angela Merkel's party, the Christian Democrats (CDU), the lead partner in Germany's governing coalition.

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    • Surging oil drives Total back to pre-Covid-19 profits

      Surging oil drives Total back to pre-Covid-19 profits

      The French energy giant Total announced it had managed to offset the negative effect of pandemic on its business, Reuters reported. The surging oil and gas prices on international markets in combination with increased electricity consumption had the key role for the firm’s financial restart. Total posted first-quarter earnings that were very close and matched to levels from before the pandemic. The company, which is shifting into renewable energy and diversifying away from fossil-based fuel activities, benefited from this drive as areas like oil refining suffered.

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    • IEA issues 'dire warning' on CO2 emissions as it predicts 5% rise

      IEA issues 'dire warning' on CO2 emissions as it predicts 5% rise

      Global energy-related CO2 emissions are on course to surge by almost 5% in 2021 to 33 billion tonnes, the second-largest increase in history, the International Energy Agency said 20 April in its Global Energy Review 2021. This would reverse most of last year's decline caused by the COVID-19 pandemic, and represent the biggest annual rise in emissions since 2010, it said..

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    • Climate neutrality across Europe possible before 2050

      Climate neutrality across Europe possible before 2050

      Europe can reach climate neutrality before 2050 with 100% renewable energy system, a report by SolarPower Europe and LUT University showed on 15 April. The study is the first of its kind to model a fully renewable pathway to achieving climate neutrality for the European energy system, presenting three transition pathways, with varying levels of ambition.

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    • Tesla unveils new energy grid storage product

      Tesla unveils new energy grid storage product

      This week Tesla announced its largest battery product. Called Megapack, it's designed to simplify the installation process for large energy-storage projects. According to a statement, each Megapack can store up to 3 megawatt hours of energy and convert up to 1.5MW of energy from a direct current (DC) to an alternating current (AC) so homes can use it.

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