REM - Renewable Energy
Coal’s 2021 rally takes advantage of post-pandemic growth
Recent rallies in coal prices and a rise in US coal exports point to a surge in demand for coal worldwide as the global economy begins to enter a post-pandemic recovery.
JERA to pursue ammonia as generating fuel
Japan’s JERA, the country’s largest power generator, has revealed plans to develop a global supply chain for ammonia.
POSCO signs up to support Ørsted’s 1.6-GW offshore plans in South Korea
South Korea’s POSCO has agreed with Ørsted to support the Danish company’s development of 1.6 GW of offshore wind projects off the coast of Incheon City.
BP buys $220mn of US solar development projects
Oil company BP has agreed to purchase 9 GW of solar development projects in the United States from the developer 7X Energy for $220mn.
ADB issues green loans for 144 MW of wind capacity in Vietnam
The Asian Development Bank (ADB) has signed a $116mn green loan with three Vietnamese wind developers to build three 48-MW wind farms, raising the country’s wind capacity by 30%.
Romania’s Hidroelectrica reveals 600-MW wind plans
Romania’s Hidroelectrica has announced plans to build 300 MW of offshore wind capacity as well as 300 MW onshore, alongside a green hydrogen production capacity on the River Danube.
Infrastructure talks in limbo
President Joe Biden and Senate Republicans are still negotiating to reach a bipartisan compromise on infrastructure, including significant spending on climate and renewable energy, but hopes are fading for a deal. This week is crucial.
IEA says energy investment rebound is not green enough
The IEA has forecast that global investment in energy will rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused by the coronavirus (COVID-19) pandemic.
India, UK launch steel and cement decarbonisation efforts
India and the UK have led the launch of the Industrial Deep Decarbonisation Initiative (IDDI) in a bid to reduce the global appetite for carbon-intensive steel and cement.
Suzlon seals 252-MW turbine order with CLP India
Suzlon has announced a 252-MW order from CLP India to supply 120 of its S120-140m turbines.
Turkey launches 2GW wind tenders round
Oil giants face setbacks from climate activists
Major oil companies – ExxonMobil, Chevron and Royal Dutch Shell – have received sharp rebukes over their handling of climate change in a startling week for the oil industry.
EDPR enters Chile with 628-MW wind, solar portfolio
EDP Renewables (EDPR), part of the Portuguese electric utilities company EDP Group, has reached agreements to purchase a 628-MW wind and solar portfolio in Chile, with commercial operations to start in 2023-2025.
bneGREEN: White goods maker Arcelik issues Turkey’s first corporate green bond on global markets
REM: Pattern to supply Uniper from 1,050-MW Western Spirit wind project in New Mexico
Pattern Energy is to supply Germany’s Uniper with electricity from the 1,050-MW Western Spirit wind farm in New Mexico in the south-western US.
Chile seeks to compete with Europe on hydrogen
Chilean green hydrogen could cost less than $1.3per kg by 2025, the country’s Minister of Energy and Mining, Juan Carlos Jobet, said.
Lekela to install 175 MWh of battery storage at Senegal’s Taiba N’Diaye wind farm
Africa-focused independent power producer Lekela Power has chosen Denmark’s DNV to carry out a feasibility study for an electricity storage project at Senegal 158.7-MW’s Taiba N’Diaye wind farm.
InfraCo Africa signs PPA for 40-MW solar IPP in Guinea
InfraCo Africa and Electricité de Guinée (EDG) have signed a 25-year power purchase agreement (PPA) for Guinea’s Khoumagueli Solar IPP project.
China's CMC inaugurates CEE’s largest solar park in southwest Hungary
Solar energy capacity in Hungary has quadrupled between 2015 and 2020 and is set to increase to 6,000Mw by 2030.
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