A study by the University of Oxford and the Regulatory Assistance Program found that heat pumps are several times more efficient than oil, gas or electric heating. The study, published in the journal Joule, found that heat pumps operate two to three times more efficiently than combustion heating or resistive heating technologies. Heat pumps harness nature's energy and take advantage of temperature differences, with the coefficient of performance (COP) being the main indicator of efficiency. The study also found that even air source heat pumps are suitable for sub-freezing temperatures, making them twice as efficient as electric heating systems.
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman stressed that climate change policies should not "overwhelm" countries struggling with energy poverty. Speaking at the African Economic Cooperation Conference, he urged more action to help the estimated 800 million people around the world who do not have reliable access to electricity. Saudi Arabia, the world's largest crude oil exporter, has announced a goal of achieving net-zero emissions by 2060. However, he also believes that continued investment in hydrocarbons is necessary for energy stability. He stressed that attempts to provide financial support to affected countries have had limited success.
Hinduja Renewables has won the bid for a 250 MW solar power project from India's state-run NHPC. The project, which includes a 3,000 MW Interstate Transmission System (ISTS) connected solar power project, aims to reduce carbon emissions equivalent to over 5,51,000 tonnes annually. Hinduja Renewables was one of the eight successful bidders in the tender.
The Bosnian Federal Highways (FBiH) has called for a study into the potential of photovoltaic power plants on the Vc corridor connecting Hungary, Croatia and Bosnia and Herzegovina. The company believes solar panels could transform roads into large generators, with the potential to generate electricity in rest areas, roads and tunnels. The study should also examine the case for installing electric vehicle chargers and setting up energy cooperatives in venture corridors. The deadline for submitting offers is November 20, with the estimated value of the purchase being BAM 146,260 KM (€75,000). The company believes solar panels can transform roads into generators.
Greece's offshore wind project has unveiled its Strategic Environmental Impact Assessment (SEIA) at a special event. The project consists of 25 areas covering 2,712 square kilometers and has a capacity of at least 12.4 GW. Most of these areas are suitable for floating wind technology. The plan identifies 10 areas eligible for development by 2030 to 2032, with a total floating project capacity of approximately 4.9 GW. The list of eligible Organized Development Areas for Offshore Wind Farms (OWF-ODA) includes eastern Crete, southern Rhodes, the central Aegean, the Evia-Chios axis and the Ionian Sea. A study by the Foundation for Economic and Industrial Research (IOBE) found that offshore wind deployment could boost gross domestic product by €1.9 billion per year, increase government revenue by €440 million and support up to 44,400 jobs per year.
Vibrant Energy has signed a power purchase agreement with e-commerce giant Amazon for a 198 MW wind farm project in Maharashtra. The scheme is expected to generate 6,97,261 MWh of electricity annually and offset 4,94,137 metric tons of CO2 emissions annually and is expected to be operational by early 2025. Vibrant Energy is supporting Indian businesses to achieve net-zero carbon electricity.