Eon reports record €16 billion loss for 2016
The German energy company said its new strategy is fully reflected in its balance sheet. This was accompanied by the largest loss ever registered by the group. Eon is now planning workforce reductions, as well as further measures to reduce its net liabilities to €20 billion in the mid-term.
Germany’s Fraunhofer ISE to open testing facility for power electronics & grid integration tech
At the facility, the German scientists will test devices for power electronics and grid technologies in the multi-megawatt range.
Asian Development Bank climate funding rose 42% in 2016 to $3.7bn
Investments steered by the ADB into climate financing reached record levels last year, with more than $2.65 billion alone going towards tackling climate mitigation, report shows.
Corporations covet clean-energy choices
A new report by the Retail Industry Leaders Association (RILA) and the Information Technology Industry Council (ITI) indicates businesses want to settle in states with good clean-energy infrastructures.
UK ran on 40% renewables on Christmas Day, data shows
Greenest Christmas ever for the UK as data from power group Drax shows that the nation sourced 40% of its electricity from renewables sources on December 25.
India to reach 57% renewable penetration by 2027, forecasts government
Bullish ten-year energy blueprint suggests India will surpass renewable targets outlined in Paris Agreement by more than 50% and three years ahead of schedule.
Stanford team wins MIT Clean Energy Prize with new solar material
C3Nano, Inc., a company founded by Stanford University students, has won the 2010 MIT Clean Energy Prize for the development of a new transparent electrode material, which, it is claimed, will make photovoltaic solar panels both cheaper and more efficient.
