By Reuters Staff
3 Min Read
SINGAPORE (Reuters) - Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday.
India s flag is seen through a 3D printed Facebook logo in this illustration picture, April 8, 2019. REUTERS/Dado Ruvic/Illustration
Facebook also said that as of 2020, the company’s global operations were supported wholly by renewable energy and that it has reached net-zero emissions.
The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax are working on together to supply renewable power into India’s electrical grid, they said in a joint statement.
Ingka Group, the owner of most IKEA stores world-wide, has agreed to buy a 49-percent stake in eight solar parks in Russia from Solar Systems LLC, marking its first investment in renewable energy in the country.
3 Min Read
FRANKFURT (Reuters) - The Fukushima nuclear disaster 10 years ago has had a profound impact on the global power sector, but no other country abroad saw bigger changes to its energy laws, infrastructure and utility landscape than Germany.
FILE PHOTO: Workers wait at a bus stop in front of No. 3 reactor building at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan March 1, 2021. REUTERS/Sakura Murakami
As a result of decisions taken in 2011 following the earthquake, tsunami and nuclear plant explosions in Japan, Europe’s largest economy will soon switch off its remaining reactors. [POWER/DE]
A record 260 gigawatts (GW) of new renewable energy capacity was added worldwide in 2020, up 50% from the year before, the International Renewable Energy Agency (IRENA) said, as countries further reduced their reliance on fossil fuel power.
By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe’s Nhimbe Fresh farm, the firm said on Wednesday.
Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated.
Sun Exchange said the crowd sale attracted more than 1,700 individuals buyers.
Nhimbe Fresh is one of Zimbabwe’s biggest fruit and tobacco producers. The solar project is part of its plans to power its entire operation, including cold store and packhouse facilities, through solar power.