REM - Renewable Energy
Biden to finance a modernised electricity grid with $8.25bn
The administration of President Joe Biden has released $8.25bn in spending for a modernised US grid, which is crucial for a roll-out of more renewable energy. The US’s grid is balkanised and several decades old.
Study: Texas cold snap led to $4bn in wind farm financial losses
The Arctic freeze in Texas in February led to more than $4bn in financial losses for wind projects in the state, says renewable energy consultancy ArcVera Renewables in a new study.
China's renewable gencos take on more debt
China’s state-owned renewable power generators (renewable gencos) are set to take on more debt in a bid to drive forward the government’s renewable development.
China defends role of coal
A Chinese climate change official has defended the country’s coal consumption in the power sector, saying that it was a major source of employment and a predictable and reliable source of energy.
Indonesia’s Geo Dipa Energi to develop 400 MW of geothermal
Indonesia’s PT Geo Dipa Energi (GDE) aims to develop 400 MW of geothermal capacity in the Dieng area by 2023.
Patent data highlights need to increase the sluggish pace of green innovation
The number of new patents needs to continue increasing every year if new technology is to drive the world’s movement towards net zero
Vattenfall prequalifies for France’s fourth offshore wind tender
Vattenfall and its partners wpd and Banque des Territoires have been prequalified for France’s upcoming 1-GW offshore wind tender off the coast of Normandy.
Global offshore wind FIDs to increase by 57% in 12 months
Analysis released from Westwood Global Energy Group, a London-based energy market research and consultancy firm, forecasts that offshore wind energy projects final investment decisions (FIDs) will grow by 57% in the next year.
Czech Energo-Pro completes $500mn HPP in Turkey
Climate change to amplify border tensions in Southeast Europe
OSCE report identifies border hotspots across the region where rising temperatures and more extreme weather events risk adding to border tensions.
Biden positions US for COP 26 in Scotland
US President Joe Biden has positioned the United States as a core world leader in the run-up to the 26th United Nations global climate summit, known as COP 26, in November in Glasgow, Scotland.
Slovenia plans to achieve climate neutrality by 2050
Canada, US raise emissions reduction goals for 2030
Canada and the US have both set new, more aggressive targets for reducing their greenhouse gas (GHG) emissions.
Putin holds out hand of co-operation at online climate summit with Biden
In the morning of April 22 it looked like Russia was revving up to start WWIII by invading Ukraine. By the end of the day Russian President Vladimir Putin was holding out the hand of co-operation in a global effort to beat the climate crisis.
Australia unveils hydrogen, CCS funding
The Australian government has announced nearly AUD540mn ($416.5mn) in new funding for hydrogen and carbon capture and storage (CCS) projects over the next decade.
Egypt’s Kom Ombo solar plant receives $114mn financing package
The EBRD, the OPEC Fund for International Development, the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank have signed a $114mn financing package with ACWA Power to build the largest private solar plant in Egypt.
Off-grid solar offers potential to improve Nigerian power supplies
Nigerian Power Minister Goddy Jedy-Agba has claimed that investing in off-grid solar projects will improve the reliability of power supplies to domestic and industrial customers as well as reduce power bills.
Ghana connects 22-MW solar project to grid
Ghana has commissioned its largest utility-scale solar project to date in the northeast of the country as the country aims to lessen its dependence on hydropower in rural areas.
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