Tag #Renewable Energy

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forbes.com

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Dec 5, 13:08

Adaro Andalan Indonesia's IPO Raises $271 Million Amidst High Coal Demand

Adaro Andalan Indonesia, a coal mining company backed by Indonesian billionaire Garibaldi Thohir, raised $271 million in its IPO, seeing its shares surge 20% on its trading debut on the Jakarta Stock Exchange on Thursday, driven by high demand for thermal coal in Asia and plans to diversify into ren...

Adaro Andalan Indonesia's IPO Raises $271 Million Amidst High Coal Demand

Adaro Andalan Indonesia, a coal mining company backed by Indonesian billionaire Garibaldi Thohir, raised $271 million in its IPO, seeing its shares surge 20% on its trading debut on the Jakarta Stock Exchange on Thursday, driven by high demand for thermal coal in Asia and plans to diversify into ren...

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What factors contributed to the successful IPO of Adaro Andalan Indonesia and its significant share price increase?

Adaro Andalan Indonesia, a coal mining company, saw its shares surge 20% on its trading debut, raising $271 million in its initial public offering (IPO). This is the largest IPO in Indonesia since July 2023, driven by high demand for thermal coal in Asia. The company plans to diversify into renewable energy by 2030.

taz.de

🌐 75% Global Worthiness

Dec 5, 21:05

Germany Needs €650 Billion Power Grid Investment to Meet Climate Goals

A study by the IMK institute finds Germany needs to invest €650 billion in its power grid by 2045 to meet climate goals, double the current plan, due to increased electricity demand; rising costs, supply issues and permitting delays could further increase costs.

Germany Needs €650 Billion Power Grid Investment to Meet Climate Goals

A study by the IMK institute finds Germany needs to invest €650 billion in its power grid by 2045 to meet climate goals, double the current plan, due to increased electricity demand; rising costs, supply issues and permitting delays could further increase costs.

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Climate Action

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What is the estimated cost and necessity of upgrading Germany's power grid to meet its 2045 climate targets?

A new study by the IMK institute reveals that Germany needs to invest €650 billion in its power grid by 2045 to achieve its climate goals, double the current plan. This is necessary to handle the increased electricity demand from transportation, industry, and buildings.

zeit.de

🌐 85% Global Worthiness

Dec 4, 16:09

Baywa to Cut 1300 Jobs in Restructuring Plan

Faced with over €5 billion in debt and significant losses, Baywa AG, Germany's largest agricultural trader, is cutting 1300 jobs (16% of its workforce), closing 26 locations, and selling international holdings to restructure by the end of 2027.

Baywa to Cut 1300 Jobs in Restructuring Plan

Faced with over €5 billion in debt and significant losses, Baywa AG, Germany's largest agricultural trader, is cutting 1300 jobs (16% of its workforce), closing 26 locations, and selling international holdings to restructure by the end of 2027.

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How did the rapid expansion and subsequent rise in interest rates contribute to Baywa's current financial difficulties?

This restructuring reflects the consequences of Baywa's debt-fueled expansion in the past decade, exacerbated by rising interest rates and a global economic downturn. The resulting losses of €640 million in the first nine months of 2024 necessitated this drastic action, impacting 16% of the workforce.

faz.net

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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

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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

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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.

forbes.com

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Dec 5, 13:08

Bitcoin Mining: A Digital Lottery Driving Energy Consumption and Innovation

Bitcoin mining involves miners competing to generate a random number that meets specific criteria, a process akin to a massive digital lottery; this requires significant computational power, leading to specialized hardware and industrial-scale operations, but also creating opportunities for energy-e...

Bitcoin Mining: A Digital Lottery Driving Energy Consumption and Innovation

Bitcoin mining involves miners competing to generate a random number that meets specific criteria, a process akin to a massive digital lottery; this requires significant computational power, leading to specialized hardware and industrial-scale operations, but also creating opportunities for energy-e...

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How has the evolution of mining hardware influenced the geographical distribution and economic accessibility of Bitcoin mining?

The efficiency of Bitcoin mining is directly tied to the number of attempts made. Initially, regular computers sufficed, but the need for speed led to the use of ASICs, concentrating mining in industrial facilities. This shift showcases the economic evolution of Bitcoin mining from individual hobbyists to large-scale operations.

kathimerini.gr

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Dec 5, 22:09

Heraklion Seeks Desalination to Combat Severe Drought

Facing severe drought due to the driest October in decades, Heraklion's mayor requested a feasibility study for desalination from the Almyros River, complemented by a new tertiary treatment plant producing 30,000 cubic meters of daily irrigation water, funded by the Recovery and Resilience Fund, aim...

Heraklion Seeks Desalination to Combat Severe Drought

Facing severe drought due to the driest October in decades, Heraklion's mayor requested a feasibility study for desalination from the Almyros River, complemented by a new tertiary treatment plant producing 30,000 cubic meters of daily irrigation water, funded by the Recovery and Resilience Fund, aim...

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Clean Water and Sanitation

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What immediate actions are being taken to address the severe water shortage in Heraklion, Crete, given the exceptionally dry weather conditions?

The mayor of Heraklion, Alexis Kalokeirinos, requested a feasibility study for desalination to bolster water supply from the Almyros River due to severe drought from decreased rainfall in Crete. This aims to alleviate water shortages and ensure sufficient water for the city. The study will include a desalination plant and water transport networks.

es.euronews.com

🌐 85% Global Worthiness

Dec 4, 22:10

EU Energy Dependence Remains High Despite Reduced Russian Gas Imports

Following Russia's invasion of Ukraine, the EU decreased its reliance on Russian gas from 40% to 8%, primarily substituting with imports from the US and Norway, while its overall energy independence remains critically low at 4.0/10 according to the European Council on Foreign Relations.

EU Energy Dependence Remains High Despite Reduced Russian Gas Imports

Following Russia's invasion of Ukraine, the EU decreased its reliance on Russian gas from 40% to 8%, primarily substituting with imports from the US and Norway, while its overall energy independence remains critically low at 4.0/10 according to the European Council on Foreign Relations.

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How has the EU's reduction in Russian gas imports impacted its energy security and dependence on external suppliers?

The EU reduced Russian gas imports from 40% to 8% post-invasion, largely replaced by US and Norway, not domestic production. Re-elected President von der Leyen seeks more LNG from the US, highlighting continued reliance on external sources. This dependence is a critical vulnerability, according to the European Council on Foreign Relations.

apnews.com

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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.

Showing 949 to 960 of 1,003 results