REM - Renewable Energy
Bill Gates-backed concentrated solar company Heliogen to go public in $2B SPAC deal
Heliogen is going public in a $2bn SPAC merger with Athena Technology Acquisition Corp. The California-based concentrated solar power company is backed by big-tech billionaire Bill Gates.
US government starts review of the 2.64-GW Coastal Virginia proposed offshore wind farm
The US Bureau of Ocean Energy Management (BOEM) has started its review of Dominion Energy's proposed 2.64-GW Coastal Virginia offshore wind farm.
Ørsted submits 760-MW offshore wind bid in Maryland
Ørsted has submitted a bid to the Maryland Public Service Commission to develop Skipjack Wind 2, a proposed project of up to 760 MW off the Maryland coast.
Kenya completes 100-MW Kipeto wind farm
Construction of Kenya’s 100-MW Kipeto wind farm has been completed, with all 60 turbines at the new site sending power to the national grid, developers BTE Renewables and Kenyan-owned Craftskills said.
Green hydrogen needs supportive energy policies and lower costs
Green hydrogen is currently five times more expensive than grey hydrogen, meaning that the renewable fuel is unlikely to affect the credit profiles of EMEA integrated utilities in the next few years, Fitch Rating said in a recent report.
UN’s Green Climate Fund provides $501.1mn for four new climate projects
The UN’s Green Climate Fund (GCF) has allocated $501.1mn for four new climate projects around the world.
REM: Norway to invest $1.1bn in green energy in world’s poorest countries
The Norwegian government has earmarked NOK10bn ($1.15bn) over the next five years for a new fund that will invest in renewable energy in developing and emerging economies to try to reduce greenhouse gas emissions in the world’s poorest countries.
Botswana issues first large-scale solar licence
The Botswana energy regulator has granted a generation licence for a 100-MW solar project to local firm Shumba Energy, Reuters reported, making it the first independent power producer to set up a large-scale solar plant in the country.
AFRELEC: Statkraft provides $2.7bn to curb energy poverty in Africa
Norway’s Statkraft is to donate $2.7mn in cash and equipment to international development charity SolarAid over the next three years in a bid to tackle energy poverty in sub-Saharan Africa.
ASIAELEC: Siemens Gamesa’s typhoon-proof offshore turbine surges ahead
Siemens Gamesa’s latest offshore turbine design has been certified typhoon-proof by international regulators, its second model to receive such a rating from TÜV NORD.
13,000 shovel-ready green projects could kick-start post-COVID recovery
13,000 shovel-ready renewable energy projects have the potential to provide 22% of the emission reductions needed to meet the UN’s Paris goals and 10mn potential new jobs, research from EY and the European Climate Foundation (ECF) has found.
Enel Russia plans new wind farm in Rostov
Sasol, IDC team up to develop South Africa’s green hydrogen potential
Sasol is teaming up with Industrial Development Corp. of South Africa, a government-run development finance agency, to encourage investment in green hydrogen production capacity.
Non-fossil fuels comprised a record 21% of US consumption in 2020
US renewable energy consumption increased from 11.4 quads in 2019 to a new high of 11.6 quads in 2020, according to new data from the federal government’s Energy Information Administration.
Big Oil faces more heat in the US on climate
Just days after a senior Exxon lobbyist described efforts to undercut climate action in the US, the heat is being turned up on Big Oil. The US was the largest producer of oil globally in 2020, so the stakes are high.
What is green?
Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.
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