REM - Renewable Energy
European funding for green hydrogen in Balearics
The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) of the EC has selected the project Green Hysland in the Balearic Islands to start negotiations for a €10mn EU grant agreement – the second largest FCH JU grant to a green hydrogen project.
Canadian Solar to supply storage system for Goldman Sachs solar plant
Canadian Solar has agreed a supply contract and long-term service agreement with Goldman Sachs Renewable Power to deliver and install a 75-MW/300-MWh lithium-ion battery storage system at the 100-MWac Mustang solar plant in California.
Fortescue Metals sets 235-GW green target
Iron ore miner Fortescue Metals is to build 235 GW of wind and solar capacity to become a major producer of green electricity and hydrogen that would rival the country’s biggest oil suppliers in terms of energy produced.
Scottish Widows to divest from thermal coal and tar sands
UK pensions investor Scottish Widows is to divest at least GBP440mn ($528mn) from companies that maintain their exposure to coal and weapons, among other factors, as it positions itself as an ethical investor.
European finance secured for Polish wind farms
The European Investment Bank (EIB) and Germany’s Landesbank Baden-Württemberg (LBBW) have each allocated PLN184mn (€42mn) to finance the construction and operation of four wind farms in Poland's Wielkopolskie region.
EDPR and Ellakator to develop wind projects in Greece
Greek infrastructure group Ellakator has signed a strategic agreement with Madrid-based EDP Renováveis (EDPR) for the joint development of an onshore wind portfolio with a capacity of 900 MW, currently under different stages of development.
Kazatomprom resumes activities at all Kazakhstan mining operations
Pandemic restrictions thought to have cut 2020 uranium production by around 17.5%.
OMV Petrom envisages more green investments with EU financing
Energy Community secretariat welcomes Sofia declaration on Western Balkans green agenda
Siemens the next to exit coal
Siemens’ turbine manufacturing business will no longer make any bids to build new coal-fired power stations, although it will continue with its existing coal power business and will also not stop building gas-fired turbines.
Renewable power proves resilient to COVID
Renewables will account for 90% of new generating capacity in 2020, the IEA forecasts, but more consistent green policies are needed to foster sustainable growth.
MHI Vestas installs record-breaking floating turbines off UK
MHI Vestas has installed a V164-9.5 MW turbine, the most powerful turbine in use at a floating wind project, at the Kincardine project off the UK coast.
Toshiba sets 50% emissions reduction target
Toshiba has announced plans to reduce its CO2 emissions by 50% by 2030 and by 80% by 2050, while it also aims to contribute to the creation of a net-zero society by 2050.
OMV Petrom considers building biggest PV park in Romania
Estonia allocates €8mn for renewable energy support
Turkey ‘wants to join handful of countries planning to derive lithium from geothermal brine’
Electric car sales in Turkey leap 105% while hybrid car market expands 74% in Jan-Oct
SA’s Bokpoort CSP plant breaks round-the-clock record
Saudi Arabia’s ACWA Power said that its Bokpoort CSP plant in South Africa had become the first renewable facility in Africa to complete a full week of continuous round-the-clock operation.
Global wind market grows 18% in 2020 despite pressure from pandemic
Resilience and falling costs have kept up wind growth in 2020, and more expansion is set to come
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