REM - Renewable Energy
TEPCO to invest $18bn in renewables
TEPCO is to invest JPY2 trillion ($18bn) by 2030 to expand its green exposure by up to 70%.
China to build 450 MW of green projects in Bangladesh
Bangladeshi and China are to create a 450-MW solar and wind joint venture that will invest $500mn in renewables capacity.
India set for wind-solar hybrid expansion
Indian ratings agency CRISIL expects 15 GW of wind-solar hybrid (WSH) projects to come online in India by 2025
India awards largest ever solar contract to Adani
Adani Green Energy has won an 8-GW contract to build solar capacity across India for state-owned Solar Energy Corporation of India (SECI).
Scotland launches offshore bid round
Scotland has launched its first offshore wind bid round for 10 years, offering up to GBP8bn ($10.2bn) of investment
UK breaks records for abandoning coal
The UK completed two months, or 61 days, of coal-free generation on June 10
Vineyard Wind moves closer to final approval
Avangard’s 800-MW Vineyard Wind development, the first US utility-scale offshore wind farm, has cleared a major regulatory hurdle, paving the way for final approval and the start of construction.
US power consumption to fall 5.7% as coal use plummets
US power consumption is forecast to fall 5.7% in 2020 as the effects of the COVID-19 lockdown are felt throughout the economy
Ukraine’s green energy disaster is sliding towards a power crisis
Ukraine is heading towards a power crisis in the next few weeks if the government cannot come to terms with the irate owners of the country’s burgeoning green energy sector
Once-in-a-1,000-year snow melt floods hydropower plant on Russia’s far northern coast
There were more melting permafrost problems for Russia’s energy infrastructure after the TGK1 power station near Murmansk reported that two of its hydropower units were flooded with “abnormal water inflow” due to melting snow.
EBRD support for green energy continues during COVID-19 crisis
Renewables energy projects have continued to be approved during the COVID-19 lockdown period, despite fears that governments would abandon climate change and sustainability and rely on tried-and-tested fossil fuels to stimulate their economies.
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