REM - Renewable Energy
Spain’s Acciona Energía has commissioned its Malgarida photovoltaic complex (238 MW) in the Atacama desert in Chile.
Enel Green Power RSA’s 140-MW Oyster Bay wind farm, in South Africa’s Kouga municipality in the Eastern Cape, has begun commercial operation.
Italy’s Eni is to buy 1,200 MW of Spanish wind and solar projects from Madrid-based European private equity manager Azora for an undisclosed price.
Repsol has announced the start of electricity production at its 264-MW Valdesolar photovoltaic complex, which is its largest solar installation in Spain.
The European Investment Bank and Iberdrola have signed a €550mn green loan agreement to support development, modernisation and digitalisation of the company’s electricity distribution networks in several Spanish regions.
Rural communities in the United States can reap significant benefits from investments in the new climate economy, including measures to advance renewable energy, says a new report by the World Resources Institute
South Korea’s Hyundai Engineering and Construction will not take on any new coal power construction projects, although it will finish current projects in Vietnam and elsewhere across Asia.
Indonesia has submitted revised 2030 climate change targets to the UN, although fossil fuels are still set to dominate, providing 69% of the country’s primary energy supply by 2050.
GE Renewable Energy has reported a loss of $99mn in its second-quarter 2021 financials, compared with a loss of $251mn a year earlier, during the depths of the COVID-19 pandemic
Every third power plant unit installed globally in 2020 was solar, according to the latest Global Market Outlook report by SolarPower Europe
Nordex Group and the US blade manufacturer TPI Composites have agreed to a strategic partnership under which Nordex will transfer the operation of its Mexican rotor blade production plant in Matamoros to TPI for a period of three years.
Italy’s Eni is moving forward with plans for the development of biofuel processing capacity in Kenya.
Spain’s Acciona Energía has signed a memorandum of understanding with SSE Renewables to establish a 50:50 joint venture to explore offshore wind opportunities in the Polish energy market.
AsiaElec: Singapore’s Sunseap to invest $2bn in 2,200-MW floating solar and storage project in Indonesia
Singapore’s Sunseap Group is to invest $2bn in developing a 2,200-MW floating solar plus storage project, the largest such solar project to date world-wide, on the Indonesian island of Batam.
Nigerian power developer PowerGen has secured project financing to build 28 distributed renewable energy (DRE) systems using solar PV and battery technology in rural areas.
Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO).
The International Energy Agency (IEA) has warned that only 2% of post-pandemic spending commitments by governments, totalling $16 trillion, will fund green energy projects.
The South African solar PV market installed 1,313 MW during 2020, broken down into 813 MW of utility-scale systems and 500 MW of distributed generation.
State-run Indian Oil Corp. (IOC) intends to build the country’s first green hydrogen plant at its 8mn tonne per year (160,000 barrel per day) Mathura refinery in Uttar Pradesh, chairman Shrikant Madhav Vaidya said this week.