REM - Renewable Energy
Marubeni, CEP.Energy begins development of battery-based virtual power plant
SmartestEnergy Australia, owned by Japan’s Marubeni, has signed a memorandum of understanding with Australian renewables fund CEP.Energy to embark on the creation of one of the world’s largest energy battery banks.
Japan makes plans for net zero pledge for 2050
Japan’s government will next week pledge to reduce greenhouse gas emissions to net zero by 2050, Nikkei reported on October 21.
Iberdrola buys PNM Resources to create new US green utility giant
Spain’s Iberdrola has bought New Mexico-based PNM Resources in a deal that creates the third largest renewables generator in the US with 10.9 GW of capacity.
Serbia, Bosnia to launch construction of Buk Bijela HPP in 2021
Solar to drive 58% growth in Asia-Pacific renewables by 2025
Renewable capacity in the Asia-Pacific region is set to rise by 60% to 815 GW by 2025, with solar power surpassing wind as the main driver of growth.
BayWa r.e. to develop pioneering SinneWetterstof hydrogen pilot project in Netherlands
German green developer BayWa r.e. and its Dutch subsidiary GroenLeven aim to build the SinneWetterstof hydrogen pilot project together with Dutch grid operator Alliander.
TOGG signs agreement with China’s Farasis for battery cells to power Turkey’s first domestically manufactured car
Russia to see little change in energy mix by 2040: IEA
Kenya opens 105-MW Menengaï geothermal plant
Kenya’s state-owned Geothermal Development Co. (GDC) has opened the 105-MW Menengaï geothermal power plant.
Mainstream secures $280mn of mezzanine financing to fund 100-MW Copihue wind farm in Chile
Mainstream Renewable Power has $280mn in financing to fund construction of the Andes Renovables scheme in Chile.
China’s net zero goal to cost $5 trillion
China would need to invest over $5 trillion if it is to achieve its recently announced goal of net zero emissions by 2060.
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