Power Utility

The company plans to go carbon neutral by 2050.

The shares were bought for $453m.

Indonesia and the Philippines are looking into its feasibility as a clean energy alternative. 

The government made the decision a year after the plant’s completion.

It will buy 1.25 million tonnes of LNG annually from the company.

The investment aims to add 10 GW power capacity by 2026.

Renewables continued lowering of power prices makes it harder for fossil fuels to compete.

The deadline for sending entries is on 20 August 2021.

The power company is India’s biggest power generator.

It aims to have 30% of the power it generates come from renewables.

The trend is pointing towards achieving 100% renewables in many countries, but it will take time.

The acquisition is part of the company’s commitment to greener energy.

Fort Pilar Energy Inc. won the bid to privatise the power plant.

This comes on the back of Vietnam increasing renewable energy to 30% by 2030

But increased by 35% YoY compared to Q1 2020.

This move aims to reduce the company’s debt and carbon footprint by almost half.