REM - Renewable Energy
Top lawmakers were meeting with President Joe Biden at the White House on May 12 to discuss Biden’s $2.3 trillion infrastructure plan. The president’s plan includes $100bn to modernise the electricity grid, as well as renewables incentives.
As the Biden administration continues to steer the US towards a future with a net-zero grid in terms of carbon emissions, Energy Secretary Jennifer Granholm has lauded wind and solar energy as the cheapest forms of electricity.
In a breakthrough for the US offshore wind industry, the Biden administration has given final approval for the nation’s first commercial-scale project. The 800-MW Vineyard Wind will be sited 15 miles off Martha’s Vineyard, Massachusetts.
In Massachusetts’ third tender for offshore wind, for 1.6 GW, projects must be for at least 200 MW. That is according to a request for proposal (RFP) published by state distribution companies along with the state’s Department of Energy Resources.
GE Renewable Energy and Toshiba Energy Systems have signed a partnership agreement to localise critical phases of the manufacturing process of GE’s Haliade-X offshore wind turbine in Japan and to support its commercialisation in the country.
Japanese banking giant Sumitomo Mitsui Financial Group is to withdraw from coal by halting new financing for all coal-fired power projects.
Taiwan has unveiled ambitious plans to build 15 GW of new offshore wind between 2026 and 2035, with annual additions set at 1.5 GW.
Record levels of solar and wind additions are set to become the new normal as the world pushes forward its post-pandemic recovery
EBRD, EIB and PROPARCO provide €87.4mn for construction of Total Eren’s solar power plant in Uzbekistan
Could electric cars and batteries generate the new high-tech sector the region so badly needs?
Renewable power developer BioTherm Energy has completed all four of its projects in South Africa, with the latest, the Golden Valley Wind Energy Facility, having come on stream in the Eastern Cape.
The IFC is to help Ghana's Securities and Exchange Commission (SEC) issue a new generation of green bounds that aim to boost private investment in the country’s renewables sector.