Renewable Energy

Solar is the world’s fastest growing source of renewable energy. Here’s why one of Europe’s largest hedge funds is betting on wind instead.

This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content. Lansdowne Partners is one of Europe’s largest investment firms, with $1.2 billion allocated toward energy alone.While solar is the fastest growing source of renewable energy, Per…

Microsoft Says It Plans To Go Carbon Negative By 2030

Microsoft unveiled new plans on Thursday for the company to be “carbon negative” by 2030, meaning it will go beyond maintaining a zero carbon footprint and actively remove carbon dioxide from the Earth’s atmosphere.  The tech company’s CEO Satya Nadella revealed the climate change-combatting goals during a company meeting.  “We must take responsibility to address…

Mexico’s Renewable Power Suppliers Face Risks Under Grid Proposal

(Bloomberg) — Mexico’s Federal Electricity Commission is proposing to cancel some contracts and eliminate discounts on transmission costs for power generators to use its network, dealing the latest blow to Mexico’s budding private renewable energy market.CFE, as the state utility is known, is seeking to eliminate 50% discounts on transmission costs for so-called legacy permits…

PM Modi meets India Inc heads to discuss the economy

Ahead of the Union Budget presentation, Prime Minister Narendra Modi on January 6 met top executives from corporate India to discuss issues facing the economy and measures needed to boost growth and create jobs.Richest Indian Mukesh Ambani, Tata group’s Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra, and mining baron Anil Agarwal were…

Snowy Hydro 2.0 hits snag as bushfires race through project

Updated January 07, 2020 03:52:01 The beleaguered Snowy Hydro 2.0 scheme is facing another setback, after bushfires hit the renewable energy project on multiple fronts. Key points:Snowy Hydro has lost more than half the homes at its operational town as well as seen damage to heavy machinery and communications equipmentIts CEO says the company will…