To pursue an initial public offering on the Nasdaq Capital markets exchange, Enlight Renewable Energy Ltd., a global developer of renewable energy, filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission. The Israeli company, which is currently listed on the Tel Aviv Stock Exchange, intends to use the same ticker, ENLT, […]
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According to a study, India’s financial sector is highly vulnerable to the risks associated with the economy’s switch from largely relying on fossil fuels to clean energy. Sixty percent of lending to the mining sector was for oil and gas extraction, while one fifth of manufacturing sector debt was for petroleum refining and related industries, […]
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Pike Solar, a brand-new solar power plant that is being built to serve Colorado Springs Utilities customers, has been acquired by Duke Energy Sustainable Solutions (DESS). Duke Energy Sustainable Solutions is a commercial brand that is not regulated. Global solar power developer JUWI Inc. (JUWI) sold the solar project to DESS. Pike Solar will provide […]
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The National Grid reports that Great Britain produced a record amount of wind-powered electricity in 2022. The second highest amount of electricity generated after 2020 came from renewable and nuclear power sources rather than gas and coal from fossil fuels. One fundamental strategy for dealing with the effects of climate change is to use green […]
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As the wholesale gas prices decrease, energy costs are estimated to fall below 2,500 pounds by July 2023, easing some of the burden placed on Britons attempting to cope with the crisis caused by the rising cost of living. According to Investec’s analysis, the average annual energy bill will fall to 2,478 pounds this summer, […]
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An industry survey found that nearly two-thirds of British manufacturers are concerned about winter blackouts as a result of the energy crisis. Additionally, concerns are growing about the government’s plans to reduce financial support for businesses. The trade group Make UK stated that the impact of sky-high energy costs on manufacturers showed no sign of […]
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After a warning that the current level of support was too expensive, the government will reduce its assistance to businesses with their energy bills. Instead of cost caps like they are under the current plan, businesses will receive a discount on wholesale prices under the new plan. Industries that use a lot of energy, like […]
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Four Nigerian farmers and their communities will receive 16 million dollars in compensation from Shell for allegedly polluting the environment through oil pipeline leaks. The oil company and Friends of the Earth, a campaign group, reached an agreement on the amount. A joint statement states that it is being given without any admission of responsibility. […]
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As part of a project to encourage investment in the UK’s nuclear power sector, energy and climate minister Graham Stuart has announced $89.4 million in funding for a Nuclear Fuel Fund. The funding will be used to boost the UK’s energy security and encourage the development of alternatives to the Russian fuel supply, according to […]
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Despite the industry warnings that the reforms could stifle investment in wind and solar farms, European Union energy commissioner Kadri Simson stated that Brussels plans to overhaul the bloc’s electricity market to prioritize cheaper renewable power. According to Kadri Simson, the European Commission is working under extraordinary conditions and delivering faster than the European Commission […]
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