In response to dwindling water reserves in hydroelectric dams, Colombia has significantly increased its imports of Liquefied Natural Gas (LNG). This strategic shift underscores the vulnerability of the country's energy grid and highlights the importance of LNG in ensuring a stable electricity
ScottishPower Renewables has announced a landmark investment in Lowestoft, cementing the town as the long-term hub for its UK offshore wind operations. The company is channeling approximately £8 million into acquiring and developing a new site in Lowestoft’s PowerPark. This strategic move is set to
The global renewable energy market is poised for a monumental transformation over the next decade. According to a recent study by Allied Market Research, the market is forecasted to expand from $1.1 trillion in 2023 to an astounding $2.5 trillion by 2033. This impressive growth trajectory is
Vietnam is making great strides in incorporating renewable energy into its national grid, but it faces significant challenges. The push to develop reliable energy storage solutions is essential for stabilizing the power supply and ensuring national grid reliability. Let's explore the potential of
CESC Ltd’s subsidiary, Purvah Green Power Private Ltd, has announced a groundbreaking wind power project in collaboration with Ecoren Energy India Pvt Ltd. This new venture marks a significant stride towards expanding India’s renewable energy infrastructure, promising to make substantial
BP's recent decision to offload its onshore wind energy business in the USA marks a significant shift in its strategic focus. Under the leadership of new CEO Murray Auchincloss, BP is pivoting back to oil and gas, revealing broader challenges and trends within the renewable energy sector. BP's
