REM - Renewable Energy
Acciona launches solar project in Chile
Spain’s Acciona Energía has commissioned its Malgarida photovoltaic complex (238 MW) in the Atacama desert in Chile.
Oyster Bay wind farm begins operation in South Africa
Enel Green Power RSA’s 140-MW Oyster Bay wind farm, in South Africa’s Kouga municipality in the Eastern Cape, has begun commercial operation.
Italy’s Eni acquires solar projects in Spain and France
Italy’s Eni is to buy 1,200 MW of Spanish wind and solar projects from Madrid-based European private equity manager Azora for an undisclosed price.
Repsol opens largest PV plant in Spain
Repsol has announced the start of electricity production at its 264-MW Valdesolar photovoltaic complex, which is its largest solar installation in Spain.
Iberdrola boosts presence in Spain, the Baltic and Asia-Pacific
The European Investment Bank and Iberdrola have signed a €550mn green loan agreement to support development, modernisation and digitalisation of the company’s electricity distribution networks in several Spanish regions.
New climate economy can boost rural America
Rural communities in the United States can reap significant benefits from investments in the new climate economy, including measures to advance renewable energy, says a new report by the World Resources Institute
Hyundai E&C announces coal exit
South Korea’s Hyundai Engineering and Construction will not take on any new coal power construction projects, although it will finish current projects in Vietnam and elsewhere across Asia.
Fossil fuels continue to dominate Indonesia’s new NDC
Indonesia has submitted revised 2030 climate change targets to the UN, although fossil fuels are still set to dominate, providing 69% of the country’s primary energy supply by 2050.
Wind turbine manufacturer GE reduces losses in Q2
GE Renewable Energy has reported a loss of $99mn in its second-quarter 2021 financials, compared with a loss of $251mn a year earlier, during the depths of the COVID-19 pandemic
Solar breaks installation records globally
Every third power plant unit installed globally in 2020 was solar, according to the latest Global Market Outlook report by SolarPower Europe
Wind turbine manufacturer Nordex transfers Mexican blade plant to TPI
Nordex Group and the US blade manufacturer TPI Composites have agreed to a strategic partnership under which Nordex will transfer the operation of its Mexican rotor blade production plant in Matamoros to TPI for a period of three years.
Australia’s SSE Renewables and Spain’s Acciona Energia eye Poland’s offshore wind power market
Eni, Kenyan Ministry of Petroleum and Mining sign MoU on biofuel processing capacity
Italy’s Eni is moving forward with plans for the development of biofuel processing capacity in Kenya.
Poland looks to develop offshore wind
Spain’s Acciona Energía has signed a memorandum of understanding with SSE Renewables to establish a 50:50 joint venture to explore offshore wind opportunities in the Polish energy market.
AsiaElec: Singapore’s Sunseap to invest $2bn in 2,200-MW floating solar and storage project in Indonesia
Singapore’s Sunseap Group is to invest $2bn in developing a 2,200-MW floating solar plus storage project, the largest such solar project to date world-wide, on the Indonesian island of Batam.
AfrElec: Nigeria’s PowerGen secures $9mn project financing for mini-grid project
Nigerian power developer PowerGen has secured project financing to build 28 distributed renewable energy (DRE) systems using solar PV and battery technology in rural areas.
EU takes carbon pricing initiative with CBAM
Net-Zero by 2050 could cost $173 trillion: BNEF
Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO).
IEA warns that only 2% of post-pandemic spending is green
The International Energy Agency (IEA) has warned that only 2% of post-pandemic spending commitments by governments, totalling $16 trillion, will fund green energy projects.
Bulgaria to seek EU funds for geothermal, renewable and solar energy in revised recovery plan
SA C&I sector starts to make inroads into solar PV market
The South African solar PV market installed 1,313 MW during 2020, broken down into 813 MW of utility-scale systems and 500 MW of distributed generation.
IOC looks to build India’s first green hydrogen project
State-run Indian Oil Corp. (IOC) intends to build the country’s first green hydrogen plant at its 8mn tonne per year (160,000 barrel per day) Mathura refinery in Uttar Pradesh, chairman Shrikant Madhav Vaidya said this week.
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