Category: Uncategorized
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EU’s Fossil Fuel Supply Hits Record Lows In 2023, Renewables Surge
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Preliminary data from 2023 reveals a significant shift in the European Union’s energy landscape, with a marked decrease in fossil fuel supplies and a notable rise in renewable energy. According […] The post EU’s Fossil Fuel Supply Hits Record Lows In 2023, Renewables Surge appeared first on SolarQuarter.
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EU’s Modernisation Fund: €2.967 Billion Accelerates Green Energy Initiatives Across Member States
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The European Union has allocated €2.967 billion through the Modernisation Fund to support 39 energy projects across 10 Member States, marking the largest disbursement since its inception. These investments aim […] The post EU’s Modernisation Fund: €2.967 Billion Accelerates Green Energy Initiatives Across Member States appeared first on SolarQuarter.
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Sembcorp Signs Long-Term Power Purchase Agreements with GSK
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Sembcorp Industries (Sembcorp) announced that its wholly-owned subsidiary, Sembcorp Power Pte Ltd (Sembcorp Power), has secured long-term power purchase agreements (PPAs) with subsidiaries of the global biopharmaceutical company, GSK. Under […] The post Sembcorp Signs Long-Term Power Purchase Agreements with GSK appeared first on SolarQuarter.
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Ethiopian Electric Power Seeks Consultants For Weranso Solar PV Project Feasibility Study
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The Federal Democratic Republic of Ethiopia (FDRE) has secured financing from the African Development Bank for the Ethiopia Djibouti Second Power Interconnection Project. Part of this funding will be allocated […] The post Ethiopian Electric Power Seeks Consultants For Weranso Solar PV Project Feasibility Study appeared first on SolarQuarter.
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Evaluating current prospects of the Philippine economy
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By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor Though the Philippine economy remained robust in the face of global headwinds last year, for many, expectations had been tempered regarding its prospects. For the whole year, gross domestic product (GDP) growth was recorded at 5.6%, failing to meet…
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DBCC proposes P6.35-trillion budget for 2025
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THE Development Budget Coordination Committee (DBCC) is proposing a P6.352-trillion national budget for 2025, a 10% increase from this year’s P5.768-trillion budget. The National Government’s (NG) spending plan for 2025 is equivalent to 22% of gross domestic product. “We will present it to the full Cabinet on July 2 and…
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BSP stands pat, signals rate cut in Aug.
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THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady for a sixth straight meeting on Thursday but signaled that a rate cut at its next meeting in August is “somewhat more likely than before,” with up to 50 basis points (bps) in easing likely this year.
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NG budget gap widens in May
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THE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said. The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago. Month on month, this was a reversal…
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DA to allow 200,000 MT of refined sugar imports
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THE Department of Agriculture (DA) said it is planning to allow imports of around 200,000 metric tons (MT) of refined sugar to fill a projected supply gap during the off-milling season.
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DBCC keeps growth targets until 2028 despite external headwinds
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ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…
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Mt. Princeton to work with Icelandic partners for Colorado geothermal project
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Mt Princeton Geothermal, Western Geothermal, and Reykjavik Geothermal have announced a partnership to jointly develop a geothermal power project in Colorado. The post Mt. Princeton to work with Icelandic partners for Colorado geothermal project first appeared on ThinkGeoEnergy – Geothermal Energy News.
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Seismic surveys for geothermal exploration to commence at Martigny, Switzerland
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A seismic survey will soon commence in the municipality of Martigny in Switzerland to map the subsurface and characterize the potential geothermal resource. The post Seismic surveys for geothermal exploration to commence at Martigny, Switzerland first appeared on ThinkGeoEnergy – Geothermal Energy News.