Friday, March 14, 2025

Creating liberating content

Washington: Elon Musk’s Tesla has seen major drops around the

Friedrich Merz, the likely next chancellor of Germany, announced on

Bengaluru: A special court today denied bail to actor Ranya

Related News

Washington: Elon Musk’s Tesla has seen major drops around the globe and a significant $120 billion drop in net worth since his foray into politics. But much more awaits him

Friedrich Merz, the likely next chancellor of Germany, announced on Friday that he had cut a deal with the Green Party to allow extensive new government spending for defense, infrastructure

Bengaluru: A special court today denied bail to actor Ranya Rao, who was caught smuggling a large amount of gold. A second accused, Tarun Raju, has been sent to judicial

Pakistan: Bomb blast at mosque in South Waziristan injures JUI leader and three others (Picture credit: ANI) A bomb explosion during Friday prayers at a mosque in South Waziristan, Khyber

NEW DELHI: The Economic Offences Court on Friday rejected the bail application of Kannada actress Ranya Rao in connection with a gold smuggling case. Rao, who was arrested last month,

Portugal won’t buy F-35s from the US because of Donald Trump. Portugal won’t buy Lockheed Martin F-35s from the United States though the country’s air force gave a go-ahead for

Trending News

NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore. The private

NEW DELHI: LG Electronics India, a subsidiary of the South Korean chaebol LG, has received markets regulator Sebi’s approval for its Rs 15,000 crore initial public offering (IPO), people familiar

MUMBAI: India’s financial sector is embracing generative AI at pace, with banks, insurers, and non-bank lenders deploying it to cut costs and improve efficiency. An EY report suggests productivity gains

NEW DELHI: The Centre has asked Elon Musk’s satellite venture Starlink to set up a control centre in India to enable suspension or shutdown of communications services in sensitive and

India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by RBI’s currency swap operations last month. Foreign exchange reserves grew by $15.3 billion to nearly $654

NEW DELHI: India will be the world’s third largest economy by 2028 as it becomes the world’s most sought-after consumer market and gains share in global output, a Morgan Stanley

Better communications key to getting renewable projects off the ground

Word Count: 484 | Estimated Reading Time: 3 minutes


(From left) CNBC’s Steve Sedgwick moderates an IoT panel with Cenk Alper, CEO of Sabanci Holding, Christina Shim, chief sustainability officer of IBM, and Mitesh Patel, interim CEO and COO of SunCable International, at CONVERGE LIVE on March 13, 2025.

Renewable energy companies can shorten the long approval process needed for their projects by communicating better with stakeholders, according to experts.

Christina Shim, IBM’s chief sustainability officer, said sponsors need to focus on the business value — in addition to the environmental benefits — when discussing their projects.

“That being said … there are some triggering words now, depending on where you sit around the world, and I think the more that you can quantify business value for what you’re doing and tie it to, again, the business operations and business decision making, it’s only going to be more and more important,” Shim said Thursday.

“As long as the outcomes are the same, you just need to make sure that you’re communicating in an appropriate way with the right stakeholders.”

She compared it to how one might talk to a CFO, versus an investor, versus someone in procurement. “You kind of have to talk about things a little bit differently.”

Mitesh Patel, interim CEO and COO at SunCable International, agrees that adjusting communication for the right audience is crucial.

“For politicians, the voters are their constituency, not your project or not your company. You have to help them translate what benefits your project will bring to the constituents,” said Patel, whose company is developing a project to deliver solar energy from Australia to Singapore via undersea cables.

The project, called Australia-Asia PowerLink, is valued around $24 billion and expected to supply Singapore with 1.75 gigawatts of electricity — or around 15% of its electricity needs, according to the company.

The comments by Shim and Patel, who were speaking to CNBC’s Steve Sedgwick on a panel in Singapore, come as renewable energy projects often take many years to get off the ground.

A report from the Global Infrastructure hub, which is part of the World Bank’s Public-Private Infrastructure Advisory Facility, noted the complex nature of preparation needed before an infrastructure project gets underway. It put the average project preparation time at 6 years but said it can take up to 14 years if the project is not planned properly.

Political will is 'absolutely essential' for cross-jurisdiction sustainability projects: SunCable International

Cenk Alper, CEO of Sabanci Holding, a Turkish conglomerate, said the biggest obstacle to getting renewable energy projects off the ground is often regulatory.

“The biggest problem is still government — the permits. Because from licensing to making a project ready, the total time is longer than the construction time,” he said.

The situation in Europe is worse, he added, citing a project where connecting to the grid took two years.

Alper said Western countries need to streamline the approval process for renewable energy projects, noting China has embarked on more projects in the last five years than the rest of the world combined.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account