Tag: renewable energy

Duke Energy Renewable Energy Growth Soars by 20% in 2021

Stuart Mitchell

Duke Energy had its best year ever for adding renewable energy as the company posted a 20% jump in wind and solar power in 2021. This information, along with large amounts of other data and insights, was detailed in Duke Energy’s comprehensive ESG Report (formerly Sustainability Report), the company’s 16th annual disclosure on environment, social and governance (ESG) topics. (Watch a video about the report.) “ESG is essential to who we are,” said Katherine Neebe, Duke Energy’s chief sustainability officer and president, Duke Energy Foundation. “Our ESG strategy is focused…

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Amazon Extends Position as the World’s Largest Corporate Buyer of Renewable Energy

Stuart Mitchell

Amazon has announced 37 new renewable energy projects around the world, marking significant progress on its path to power 100% of its operations with renewable energy by 2025—five years ahead of the original target of 2030. The new projects increase the capacity of Amazon’s renewable energy portfolio by nearly 30%, from 12.2 gigawatts (GW) to 15.7 GW, and bring the total number of renewable energy projects to 310 across 19 countries. The additional 3.5 GW of clean energy capacity from these new projects extends Amazon’s leadership position as the world’s…

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Apple helps suppliers rapidly accelerate renewable energy use around the world

Stuart Mitchell

Apple has announced that its suppliers more than doubled their use of clean power over the last year, with over 10 gigawatts operational today out of nearly 16 gigawatts in total commitments in the coming years. In 2021, these renewable projects avoided 13.9 million metric tons of carbon emissions. The projects online today will support greenhouse gas reductions equivalent to removing 3 million cars from the road for one year. Apple is constantly working with its global supply chain to accelerate and support its transition to clean energy. As of…

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Ingka Investments makes EUR 340 million investment in nine solar PV park projects in Europe as part of its commitment towards a renewable energy future

Stuart Mitchell

Ingka Investments, the investment arm of Ingka Group, acquires nine solar PV park projects in Germany and Spain from solar PV developer, ENERPARC. The total investment in the solar PV development portfolio will amount to approximately EUR 340 million. The expected energy capacity of the solar PV parks equals 300 megawatts in Germany across four solar PV development projects and 140 megawatts in Spain across five solar PV development projects. The expected production of the solar PV parks in Germany and Spain is equivalent to the electricity consumption of roughly…

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LG Pledges Transition to 100 Percent Renewable Energy by 2050

Stuart Mitchell

LG Electronics Inc. made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement in the just released LG Electronics Sustainability Report comes on top of its earlier commitment to carbon neutrality through the Zero Carbon 2030 initiative in which LG has pledged to reduce carbon emissions in the production stage to 50 percent of 2017 standards by 2030. The transformation will be implemented region by region starting in North America where every office and manufacturing site will be…

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