REM - Renewable Energy
Biden’s clean energy standard would benefit the US economy, say researchers
A new report from Harvard and Syracuse University researchers and others finds that Biden’s clean energy plan would save 317,500 lives over 30 years and would cost $342bn until 2050 – but it would benefit economy by $637bn.
Apex Clean Energy and Plug Power partner on US’s largest green hydrogen power purchase agreement
Apex Clean Energy and Plug Power have announced a 345-MW wind power purchase agreement for a green hydrogen production facility in the US.
Musk ends court testimony, defending his role in Tesla’s $2.6bn purchase of SolarCity
Tesla CEO Elon Musk has completed his testimony in a trial in which he has had to defend his role in Tesla’s $2.6bn acquisition of SolarCity in 2016. Both companies were struggling financially at the time
New consortium targets wind development in Scotland
Offshore wind company Ørsted has announced a partnership with onshore wind community engagement pioneer Falck Renewables and floating wind expert BlueFloat Energy to participate in the Crown Estate Scotland’s upcoming ScotWind leasing round.
BayWa.r.e expands its presence in California and Germany
BayWa r.e. has signed a power purchase agreement with community choice aggregator San Diego Community Power for the output of a 90-MW solar photovoltaic park in California.
Heliogen to merge with Athena in $2bn deal
Renewable energy technology company Heliogen has agreed to merge with Athena Technology Acquisition – a special purpose acquisition company – in a deal that will put the value of the combined firm at around $2bn.
Subsea 7, OHT join to progress offshore wind projects
Subsea 7 SA is to combine its renewables business unit with Norway’s OHT ASA, subject to the usual approvals, conditions and relevant employee consultations.
Eni discusses green, blue hydrogen production in North Africa
Representatives of Italy’s Eni met with Egyptian and Algerian officials last week to discuss the prospects for green and blue hydrogen production.
BP: global wind and solar energy use grew in 2020 despite pandemic
The continued expansion of renewable energy globally is one of the key takeaways of BP’s freshly released annual Statistical Review of World Energy 2021. In fact, solar energy had its best year ever in 2020.
Russian banking group TCS sets sustainability agenda
Istanbul Municipality to receive €3mn grant from EU for sustainable energy transformation
White Summit Capital, Marubeni to develop green hydrogen projects
Switzerland-based infrastructure investor White Summit Capital has signed a memorandum of understanding with Japan-based Marubeni to develop more than 1 GW of industrial-scale green hydrogen projects, mainly in Spain, over the next decade.
InfraCo Africa, RVE.SOL to build 22 solar mini-grids in Kenya
InfraCo Africa is to invest $4.2mn in Kenya solar developer Rural Village Energy Solutions’ (RVE.SOL) plans to develop 22 solar mini-grids as part of wider efforts to boost rural electrification.
REM: BlackRock raises $250mn to fund climate transition in emerging markets
BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.
Mainstream energises its 571-MW Cóndor renewables portfolio in Chile
Ireland-based Mainstream Renewable Power has fully energised its 571-MW Cóndor portfolio, the first phase of the company’s 1.35-GW Andes Renovables wind and solar power generation platform in Chile.
EU carbon pricing set for radical reforms
The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.
Villagers in shadow of Kyrgyzstan dam incensed by Uzbekistan deal
The land transfer has fuelled anger and rumours about Kyrgyzstan’s new populist leadership.
Turkey ‘reverses ban on PE based recycled plastic imports’
Attempts by Turkish plastics recyclers to show economic damage caused by barring waste imports from UK and other nations appear to have won out over environmental considerations.
Turkcell buys 18MW wind power plant
Kazakhstan unveils ambitious green-hydrogen project
Kazakhstan hopes to build the world’s largest green-hydrogen project, which could – in the distant future – help Nur-Sultan meet its clean-energy promises.
CEE surfs the green bond wave
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
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