Enel and Iberdrola are Europe's big movers in energy transition
Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil.Thanks to early decisions to buy power grids and build renewable plants, the once-staid utilities …
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Asia Times Financial rebrands to celebrate new indexes
Asia Times Financial has unveiled a new brand identity as it celebrates the rollout of its new indices platform – index.asiatimesfinancial.com – together with the launch of its two new indexes.Wholly owned by Hong Kong-based Capital Link International, Asia Times Financial is the only media-branded index group in Asia that …
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Siemens spin-offs turn their attention to hydrogen-producing turbines
Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies have revealed, marking a breakthrough for the mass production of renewable hydrogen.The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. It …
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EV sector fast-tracked by green recovery
(ATF) The confirmation of Joe Biden as the next President of the United States has also stoked electric vehicle and green finance bulls as the leadership change incentivises and drives demand for renewable energy.And the magnitude of stimulus deployed globally for recovery from the coronavirus pandemic is game changing, as …
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Asian insurers see green future from phasing out fossil fuel investment
(ATF) Insurance does not seem an obvious component of cutting carbon emissions, in comparison with tax breaks, government subsidies, bans, and corporate divestments of carbon assets. But insurers – along with the world’s biggest fund managers – say they are playing an important but largely hidden role in promoting a …
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Rise of EVs spells end of the oil era
(ATF) Falling battery prices, environmental concern and electrification of transportation by crude-dependent countries like India and China could bring the oil era to an end, a strategist at financial think tank Carbon Tracker told Asia Times Financial on Friday.China’s has set a target for 20% of all cars on its …
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