REM - Renewable Energy
President Joe Biden, sworn into office on 20 January, immediately ordered the US to rejoin the all-important global Paris climate pact. Fighting climate change is a major policy plank of the new president.
France’s Total has paid $2.5bn to buy a 20% stake in India’s Adani Green Energy Limited (AGEL) from Adani Group in a move that extends the partnership between the two energy giants’ gas and LNG interests.
Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.
Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth
The New York State Energy Research and Development Authority (NYSERDA) has selected bids from Equinor and BP for the output of 1.26 GW of Empire Wind 2, and another 1.23 GW of power from Beacon Wind 1.
The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.
Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021.
A recovery in power demand of 3% on average for the European Union, coupled with a bump up in power prices, should bring European utilities back to growth in 2021, ING Bank said in its recently published Energy Outlook 2021.
Mubadala Investment has joined with the Abu Dhabi National Oil Company (ADNOC) and ADQ to establish the Abu Dhabi Hydrogen Alliance with the aim of developing a roadmap to promote the adoption and use of hydrogen across major sectors in the UAE.
Siemens Gamesa in partnership with SEPEC-China Energy has won two turbine orders totalling 217 MW with Hanbaram Wind Power in Vietnam.
Poland’s PGE Polska Grupa Energetyczna, Enea Group and Tauron Polska Energia have signed a letter of intent to co-operate on the development of offshore wind farms in the Baltic Sea.
UK investment company Greencoat has signed an agreement with Germany’s RWE to acquire a 24% stake for $160mn in four onshore wind farms in Texas, totalling 207 MWe.
Government has reportedly also not abandoned plans to build a new plant. Facility was hit by devastating earthquake in 1988.
New York State has awarded Equinor and its partner bp licences for 2,490 MW of offshore wind capacity at the Empire Wind 2 and Beacon Wind 1 projects.
Research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix.
Africa-focused IPP Globeleq is to take a 74% majority equity stake in Nigeria’s CPGNL Ltd (CPGNL), which will be rebranded as Globeleq Power Solutions Nigeria Ltd.
The African Development Bank (AfDB) has pledged to mobilise up to $6.5bn in funding for the Sahel region's Great Green Wall Initiative.
South Korea’s state-owned KOGAS said on January 11 that it had launched a new hydrogen strategy as it aims to decarbonise its gas operations.
JinkoSolar has recently started construction of a 20-GW large-scale solar cell manufacturing base in Chuxiong, Yunnan Province, China, which once completed will become the world’s largest single cell production plant.
Rosatom opens 210-MW wind farm in Russia
Siemens Gamesa and Siemens Energy have unveiled plans to work together to develop a new green hydrogen production technology using offshore wind turbines.
The International Hydropower Association (IHA), Albanian Power Corporation (KESH) and the Swiss government have launched a new campaign to improve the environmental sustainability of hydro projects in the Western Balkans.
Bangladesh’s Spectra Solar Park Ltd has opened a 35-MW solar project funded by the ADB, Germany’s KfW and the Canadian Climate Fund for the Private Sector in Asia.