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The Netherlands-based owners of multinational retailer IKEA, the Ingka Group, has acquired a 49% share in two US solar photovoltaic (PV) projects with a combined capacity of 403MW, bolstering the company’s transition to renewable energy.
As the offshore wind sector’s global expansion trend continues to grow, increased awareness of the risks and effects of climate change is likely to lead to a greater focus on decarbonisation efforts in both the supply chain, and means of component production, says a new report by the Energy Industries Council (EIC).
The Ministry of New and Renewable Energy has been given an annual increase of 10.62% or INR 57.53 billion (approximately $806.65 million) in the country’s 2020 national budget.
The world’s first commercial-scale green hydrogen plant to be fully powered by excess renewable energy has been announced in Belgium.