REM - Renewable Energy
Broad US federal climate and energy legislation are now a strong possibility
With the US presidency and both houses of Congress soon to be in Democratic hands, broad climate and clean-energy legislation is far more likely. Joe Biden will become President on 20 January, and he is expected to move quickly on climate issues.
Mayflower offshore wind project to drop price of electricity
Electricity from the 804-MW Mayflower Wind project, to be located off Massachusetts in the US, will now be cheaper than ever. Because of the recent extension of federal tax credits, Mayflower Wind’s price should drop to $70.26 per MWh.
Romanian energy trader plans to purchase and develop 500 MW of green power capacities
HSBC faces calls to dump fossil fuels
Enel, Qatar Investment Authority to develop renewables in Africa
Enel Green Power has farmed in a subsidiary of Qatar Investment Authority into its 800-MW renewables pipeline in South Africa and Zambia.
Siemens Gamesa seals first wind project in Ethiopia
Siemens Gamesa has signed its first wind power project in Ethiopia with state-owned utility Ethiopian Electric Power (EEP).
Nigeria to begin $1.6bn power investment in 2021
The Nigerian government is confident that the World Bank-backed $1.6bn investment in the country’s transmission work will begin to be felt this year, with up to 7,000MW available through the grid.
US extends subsidies for renewable energy
The US Congress has passed extensions to tax credits for wind power and solar projects. The $2.3 trillion US Stimulus bill, signed into law by President Donald Trump, includes extensions to the federal production and investment tax credits.
Follow us online