APT Translations

Sinopec did not disclose the size of the planned solar power stations, which it also intends to build at its mines, petrochemical sites and gas stations.

"We have received a new order for a 100 MW hybrid captive solar power project under the captive power producer segment of the company," it said.

The current surge is primarily fueled by economic expansion, intense heatwaves, and a significant shift towards electric-based technologies like electric vehicles and heat pumps.

Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.

Multiple countries in the West African Sahel and beyond have seen Russian-linked coup d'etats since Kremlin-linked military commanders took power in Mali in 2021, followed by similar events in Burkina Faso, Sudan, Chad and Niger.

The technology, which has been in development for a decade, promises to amplify electricity into significantly more heat, offering a sustainable alternative to traditional power generation sources.

The funds will facilitate the second and third tranches of the Multitranche Financing Facility (MFF) Solar Rooftop Investment Program, initially approved in 2016 and restructured in 2023 to emphasize residential solar systems deployment.

The turbine blade incidents have been a setback for projects at a time when the U.S. and other governments are relying on wind power in the transition away from fossil fuels to fight climate change.

In a statement, Sterling and Wilson Renewable Energy Group Global CEO Amit Jain said, "We are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders."

"We must and will stay the course on the goals set out in the European Green Deal," the document said, referring to the package of climate policies that von der Leyen made the core mission of her first five-years in office.