Tag #Renewable Energy

Showing 721 to 732 of 769 results

faz.net

🌐 75% Global Worthiness

Dec 4, 16:09

Baywa AG Announces Major Restructuring Amidst €6 Billion Debt and Bafin Investigation

Baywa AG, facing nearly €6 billion in debt and a record loss of €640 million in 2024, is restructuring with 40% administrative job cuts, 26 branch closures, asset sales, and a planned capital increase; the Bafin is investigating potential accounting irregularities.

Baywa AG Announces Major Restructuring Amidst €6 Billion Debt and Bafin Investigation

Baywa AG, facing nearly €6 billion in debt and a record loss of €640 million in 2024, is restructuring with 40% administrative job cuts, 26 branch closures, asset sales, and a planned capital increase; the Bafin is investigating potential accounting irregularities.

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How did Baywa AG's expansion in renewable energy contribute to its current financial difficulties?

The restructuring at Baywa AG is a response to a severe financial crisis stemming from overexpansion and losses in renewable energy projects, particularly its subsidiary Baywa r.e. The company is seeking to sell international assets and raise capital through a rights issue, necessitating further investment from shareholders, primarily the Bayerische Raiffeisen-Beteiligungs AG (BRB).

abcnews.go.com

🌐 85% Global Worthiness

Dec 2, 10:47

Geothermal Energy Underutilized in Indonesia and the Philippines Due to Financial, Regulatory, and Community Barriers

Indonesia and the Philippines, possessing substantial untapped geothermal energy reserves, face financial, regulatory, and community challenges hindering development, despite the technology offering a clean, continuous energy source; Indonesia uses less than 10% of its reserves, while the Philippine...

Geothermal Energy Underutilized in Indonesia and the Philippines Due to Financial, Regulatory, and Community Barriers

Indonesia and the Philippines, possessing substantial untapped geothermal energy reserves, face financial, regulatory, and community challenges hindering development, despite the technology offering a clean, continuous energy source; Indonesia uses less than 10% of its reserves, while the Philippine...

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What are the primary obstacles preventing Indonesia and the Philippines from fully utilizing their vast geothermal energy potential?

Indonesia and the Philippines, despite significant geothermal potential, utilize less than a tenth and 8% respectively of their reserves. This underutilization stems from financial, regulatory, and community barriers hindering development, despite the technology offering continuous, clean energy with minimal environmental impact. Consequently, these nations lag in harnessing a readily available clean energy source.

faz.net

🌐 75% Global Worthiness

Nov 30, 17:07

BayWa Announces Restructuring Plan to Address €5 Billion Debt

BayWa, facing over €5 billion in debt, announced a restructuring plan including job cuts, asset sales, and a 2025 capital increase to secure debt extensions and improve its financial health by 2027.

BayWa Announces Restructuring Plan to Address €5 Billion Debt

BayWa, facing over €5 billion in debt, announced a restructuring plan including job cuts, asset sales, and a 2025 capital increase to secure debt extensions and improve its financial health by 2027.

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What immediate actions is BayWa taking to address its financial challenges and ensure its long-term viability?

BayWa, a German agricultural and energy conglomerate, plans to restructure by the end of 2027, involving job cuts and asset sales, primarily abroad. This restructuring aims to improve its equity ratio and profitability. To fund this, BayWa will seek additional capital from shareholders in 2025 through a rights issue.

smh.com.au

🌐 85% Global Worthiness

Nov 29, 11:26

Pilot Repurposes Oil Well for Carbon Storage, Clean Energy Production

Pilot is repurposing its exhausted Cliff Head oil well in Western Australia into a carbon storage facility, starting revenue generation in 2026 through water and carbon sales, aiming for 350,000 tonnes of atmospheric carbon removal annually by 2030, leveraging existing infrastructure and addressing ...

Pilot Repurposes Oil Well for Carbon Storage, Clean Energy Production

Pilot is repurposing its exhausted Cliff Head oil well in Western Australia into a carbon storage facility, starting revenue generation in 2026 through water and carbon sales, aiming for 350,000 tonnes of atmospheric carbon removal annually by 2030, leveraging existing infrastructure and addressing ...

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How does Pilot's project address Australia's climate change goals and water resource challenges?

This initiative addresses Australia's climate targets and water scarcity in Western Australia. By integrating carbon capture with water production, Pilot aims to create a sustainable, revenue-generating model. The project leverages existing infrastructure, minimizing environmental impact and cost.

rfi.fr

🌐 85% Global Worthiness

Nov 28, 07:08

AI-Powered System Cuts African Electricity Loss by 15%

Nigerian startup Beacon Power Services reduces African electricity loss by 15% using a location-based system, improving revenue and reliability, and plans to expand using AI and drones.

AI-Powered System Cuts African Electricity Loss by 15%

Nigerian startup Beacon Power Services reduces African electricity loss by 15% using a location-based system, improving revenue and reliability, and plans to expand using AI and drones.

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How does Beacon Power Services address electricity loss in Africa, and what are the immediate impacts?

Beacon Power Services, a Nigerian startup, has developed a system to track electricity loss in Africa, reducing it from 35% to 20% in Nigeria and Ghana. This led to a 70% revenue increase in Ghana and improved service reliability.

bbc.com

🌐 30% Global Worthiness

Nov 23, 22:55

Nearly Zero-Energy Homes Send Electricity Back to the Grid

Architect Colin Usher designs nearly zero-energy homes that send electricity back to the grid, offering a sustainable housing solution.

Nearly Zero-Energy Homes Send Electricity Back to the Grid

Architect Colin Usher designs nearly zero-energy homes that send electricity back to the grid, offering a sustainable housing solution.

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Affordable and Clean Energy

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How does Colin Usher's work contribute to broader goals of sustainable housing and renewable energy?

Mr. Usher believes that similar homes can be built by conventional builders in the future, with support from energy companies.

apnews.com

🌐 85% Global Worthiness

Dec 2, 10:26

Geothermal Energy Potential Remains Untapped in Indonesia and the Philippines

Indonesia and the Philippines, despite possessing vast untapped geothermal energy reserves and aiming for energy transitions, face financial, regulatory, and community challenges, hindering the development of this clean energy source.

Geothermal Energy Potential Remains Untapped in Indonesia and the Philippines

Indonesia and the Philippines, despite possessing vast untapped geothermal energy reserves and aiming for energy transitions, face financial, regulatory, and community challenges, hindering the development of this clean energy source.

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How do financial constraints and community resistance specifically impact the exploration and development phases of geothermal projects in these Southeast Asian nations?

The underutilization of geothermal energy in Indonesia (6% of power supply from less than a tenth of reserves) and the Philippines (14.6% from 8% of capacity) contrasts with their high potential and global renewable energy growth projections. This gap highlights the need for increased financial investment, regulatory streamlining, and community engagement to unlock this clean energy source. The International Energy Agency projects a tenfold increase in geothermal power generation in Southeast Asia by 2050, reaching 276 million megawatt-hours.

abcnews.go.com

🌐 85% Global Worthiness

Dec 2, 13:48

Untapped Geothermal Potential: Indonesia and the Philippines Face Barriers to Clean Energy Growth

Indonesia and the Philippines, possessing vast untapped geothermal energy reserves, face financial, regulatory, and community challenges hindering development, despite government initiatives and international funding aiming to increase geothermal energy use by 2030.

Untapped Geothermal Potential: Indonesia and the Philippines Face Barriers to Clean Energy Growth

Indonesia and the Philippines, possessing vast untapped geothermal energy reserves, face financial, regulatory, and community challenges hindering development, despite government initiatives and international funding aiming to increase geothermal energy use by 2030.

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What are the main obstacles preventing Indonesia and the Philippines from fully harnessing their substantial geothermal energy potential?

Indonesia and the Philippines, despite vast geothermal potential, utilize only a fraction, with Indonesia at 6% and the Philippines at 14.6% of capacity. Increased financing and regulatory changes are underway to address barriers hindering the development of this clean energy source. This untapped potential represents a significant opportunity for renewable energy growth.

smh.com.au

🌐 85% Global Worthiness

Nov 29, 11:25

NSW Coal Expansion Threatens Net-Zero Goals

NSW's Net Zero Commission warns that any expansion of coal mining will force other sectors to make deeper emission cuts to meet the state's 2050 net-zero target; the report highlights the urgent need to accelerate renewable energy development and warns against delays in closing coal-fired power plan...

NSW Coal Expansion Threatens Net-Zero Goals

NSW's Net Zero Commission warns that any expansion of coal mining will force other sectors to make deeper emission cuts to meet the state's 2050 net-zero target; the report highlights the urgent need to accelerate renewable energy development and warns against delays in closing coal-fired power plan...

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What are the immediate consequences of expanding coal mining in NSW on the state's ability to meet its emissions reduction targets?

NSW's Net Zero Commission report reveals that expanding coal mining necessitates deeper emission cuts from other sectors to meet the state's 2030 and 2050 targets. The report highlights the need for faster renewable energy development and warns against delays in closing coal-fired power plants like Eraring. Failure to accelerate the transition to renewables will significantly hinder emissions reduction goals.

allafrica.com

🌐 75% Global Worthiness

Nov 29, 11:09

Tinubu Seeks French Investment in Nigeria Amidst Economic Challenges

Nigerian President Bola Tinubu's two-day state visit to France, starting Thursday, aims to attract French investment to tackle poverty affecting 129 million Nigerians, strengthen economic ties, and diversify France's African partnerships amidst recent instability in other nations.

Tinubu Seeks French Investment in Nigeria Amidst Economic Challenges

Nigerian President Bola Tinubu's two-day state visit to France, starting Thursday, aims to attract French investment to tackle poverty affecting 129 million Nigerians, strengthen economic ties, and diversify France's African partnerships amidst recent instability in other nations.

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What are the primary goals of President Tinubu's visit to France, and what immediate impacts are expected on the Nigerian economy?

President Bola Tinubu's state visit to France, including a delegation of Nigerian business leaders, aims to boost foreign investment in Nigeria and strengthen economic ties with France. This visit follows Nigeria's struggles with poverty (affecting 129 million) and insecurity, highlighting the need for economic growth. The trip includes meetings with French President Macron and discussions at the French Development Agency.

bbc.com

🌐 65% Global Worthiness

Nov 25, 07:03

Seaweed Biofuel Powers Cars in the Caribbean

Caribbean scientists create biofuel from invasive sargassum seaweed to power cars, offering a sustainable solution to an environmental problem.

Seaweed Biofuel Powers Cars in the Caribbean

Caribbean scientists create biofuel from invasive sargassum seaweed to power cars, offering a sustainable solution to an environmental problem.

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Climate Action

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What are the main obstacles to scaling up this project, and what strategies are being employed to overcome them?

This initiative addresses the environmental and economic challenges posed by excessive sargassum and offers a sustainable solution to reduce fossil fuel dependence in the Caribbean.

faz.net

🌐 75% Global Worthiness

Nov 22, 16:13

German Climate Scientist Urges Trillion-Euro Investment

Climate scientist Niklas Höhne calls for a trillion-euro investment from Germany to combat climate change, emphasizing the need for faster emissions reduction and highlighting complexities in international climate negotiations.

German Climate Scientist Urges Trillion-Euro Investment

Climate scientist Niklas Höhne calls for a trillion-euro investment from Germany to combat climate change, emphasizing the need for faster emissions reduction and highlighting complexities in international climate negotiations.

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Climate Action

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What is Höhne's assessment of current progress in CO2 reduction and what are his views on the necessary steps to avert a climate catastrophe?

Höhne expresses concern about the insufficient progress in reducing CO2 emissions, noting the significant gap between current trajectories and the Paris Agreement's 1.5-degree warming limit. He emphasizes the need for a faster transition away from fossil fuels and highlights the potential of renewable energy sources, particularly solar power, to drive down emissions.

Showing 721 to 732 of 769 results