APT Translations

German power generators cut fossil fuel-powered output by 19 per cent through the opening half of 2024 from the same months in 2023, data from LSEG shows.

China is rapidly expanding its production of hydrogen equipment and is now home to 40% of the world's electrolyser manufacturing capacity, up from 10% last year, the letter said, adding that state subsidies were giving Chinese firms an edge.

"The PV systems amortize after about 7-1/2 years. The manufacturer gives a guarantee of 20 years. That means this is an extremely lucrative investment," Matthias told Reuters.

The 2024 International Energy Workshop turned out to be a pivotal event, enriching the global energy modelling community with new ideas essential for navigating the challenges and opportunities in the energy sector.

"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.

IFFCO had approached the National Company Law Tribunal (NCLT) in March seeking to restrain Triumph Offshore and SEL from issuing any share/securities to lenders for paying loans and passing any such resolution without its approval.

Emissions-free sources produced 74% of EU electricity in January-June, of which 50% was from renewable sources like wind and solar, and 24% from nuclear, industry association Eurelectric said.

The regulations, issued by the State Council or cabinet on Saturday, say rare earth resources belong to the state, and that the government will oversee the development of the industry around rare earths - a group of 17 minerals of which China has in recent years become the world's dominant producer, accounting for nearly 90% of global refined output.

Companies are being pushed to cut greenhouse gas emissions linked to their operations and value chains by investors and Big Tech firms have been among the most ambitious in their targets.

The total loan book outstanding as of June 30, 2024 was at Rs 63,150 crore, up 33.77 per cent over Rs 47,207 crore in April-June FY24, IREDA said in a statement.