Tag / 8BIT

HSBC Holdings Plc’s pension manager plans to invest 250 million pounds ($329 million) of its pension scheme into renewable energy infrastructure for wind and solar in the U.K., joining around 30 other firms making similar climate change pledges. Source: Renewable Energy

While all countries committed under the Paris Agreement to limit global temperature rise to 1.5˚C-2˚C (2.7-3.6˚ F), major questions remained: How can the world achieve this temperature goal? And what happens if it doesn’t? Source: Renewable Energy

Drax Group Plc agreed to buy some of Iberdrola SA’s power plants for 702 million pounds ($923 million), boosting its clean energy assets in a further shift away from burning coal. Source: Renewable Energy

Egypt has the potential to meet up to 53 percent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook, released in Cairo last week in the presence of Egyptian government officials and regional decision makers, found that pursuing higher…

The UK could meet a significant slice of carbon emissions’ target if it more widely deployed distributed energy technologies. Source: Renewable Energy

This week in London to kick off the Year in Infrastructure event, Siemens and Bentley Systems announced a further integration of their respective platforms with the combination of Bentley’s and Siemens’ asset performance management (APM) software capabilities. The companies say that the integration will allow power plant owners to take full advantage of digitalization, which…

The world could install more than a trillion watts of renewable power over the next five years, more than the entire current generation capacity of the European Union. Source: Renewable Energy

The report by recently rebranded Wind-Solar Alliance points out that more than 100 U.S. corporate buyers —members of the Renewable Energy Buyers Alliance — have set a goal of purchasing 60 GW of new U.S. renewable energy capacity by 2025. So far, since 2013, the companies have procured just over 13 gigawatts of renewable power. Source: Renewable…

Britain’s power market will need investment of 6 billion pounds ($7.9 billion) between now and 2030 in flexible generation and storage such as batteries to support the transition toward an economy that emits less carbon, a study showed. Source: Renewable Energy

The International Renewable Energy Agency is conducting a survey to gather quantitative and qualitative insights into the current status of women’s participation in the renewable energy sector. Source: Renewable Energy