State Bank of India’s Chairman Rajnish Kumar would not be surprised about Norway’s recent decision to divest from a selected group of fossil fuel companies. He had recently declared 31 gas-based power plants across India as already stranded and uncompetitive against the new low-cost renewables.
Norway has become a net power importer from Denmark and Sweden this summer, after a warm and dry spring reduced the nation’s hydropower reserves and drove up Norwegian power prices, the grid operator said on Wednesday.
Norway postponed a final decision on whether to go ahead with a project to develop Europe’s first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, YaraInternational .
Norway has shown keen interest in investing across various sectors in Punjab, while offering technical support to the state in its ambitious target to make agriculture self-sustainable and profitable.
Efforts to find new oil off Norway are expected to double next year, preliminary company plans show, with activity rising in more mature areas after this year’s disappointing Arctic campaign.
India can learn a lot from Norway in terms of green transport solutions and can also plan its policies accordingly to achieve its targets in green mobility, Norwegian Ambassador to India Nils Ragnar Kamsvag said today.
India on Wednesday invited Norwegian collaboration in transforming India’s logistics sector and help develop the massive infrastructure to green the Indian transportation system.
Norway’s Statkraftswapped its hydropower units in Panama, Laos, Philippines and Zambia with other renewable energy assets in South America
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel.
The world is full of unfathomably huge projects happening right under our noses.
Take the Hong Kong-Zhuhai-Macau Bridge, which will link three major Chinese cities in the country’s quest to bring 42 million people together.