REM - Renewable Energy
Green Deal, CBAM poses high risks to poorer African, Eastern European countries
The EU’s Green Deal and Carbon Border Adjustment Mechanism will hit the EU’s trading partners in Africa and non-EU Eastern Europe particularly hard.
Dispute over Croatian geothermal project sours relations with Turkey
Serbia and US to cooperate on energy transition
bneGREEN: Western Balkans power plants in doubt after China to drop overseas coal projects
What Chinese President Xi Jinping’s commitment not to back new coal-fired power plants abroad means for Bosnia and Serbia’s plans to invest into more coal power capacity.
Construction of Georgia’s Namakhvani hydropower plant cancelled
South African energy company plans a green reform with new ambitious emissions targets
South African energy and chemicals company Sasol announced ambitious emissions reduction targets on 22 September, and will not be investing in new coal projects. Instead it is changing direction to a new sustainable solutions business.
ISTANBUL BLOG: Paris Agreement ratification becomes a no-brainer for Erdogan
President faces an election by 2023 and millions of Turkish teenagers who will vote for the first time know their country has just been through a summer of climate change hell.
Greenwashing: regulators flex muscles as the market remains in flux
Defining what a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.
Chinese hydrogen interests call for 100 GW of green hydrogen by 2030
China’s hydrogen industry has urged the government to set a target of 100 GW of green hydrogen electrolyser capacity by 2030.
White House economists: clean energy to cut costs and protect from “climate inaction”
President Joe Biden’s agenda to Build Back Better will not only cut climate emissions but keep energy costs low, say White House economists in a new blog.
Iberdrola, CIP restructure US offshore wind joint venture
Avangrid Renewables, majority-owned by Spain-based Iberdrola Group, and Copenhagen Infrastructure Partners (CIP) of Denmark are restructuring their 50:50 Vineyard Wind joint venture for US offshore wind development.
AIIB, IRENA sign Asian green support deal
The AIIB and IRENA have signed a memorandum of understanding committing to work together to support Asia’s energy transition and mobilise more private capital for renewable energy.
Vineyard Wind submits bids for two offshore wind projects off Massachusetts
Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has submitted two proposals in response to the latest request for proposals for offshore wind in Massachusetts.
Ørsted completes Muscle Shoals solar project in Alabama
Ørsted, the Danish energy company, has completed the 227-MWAC Muscle Shoals solar photovoltaics project in Colbert County, Alabama. The modules were supplied by US firm First Solar.
Bloomberg, Goldman Sachs launch $25mn Climate Innovation Fund for India, Vietnam
Bloomberg Philanthropies and Goldman Sachs have launched a $25mn Climate Innovation Fund to support sustainable low-carbon economic development in South and Southeast Asia.
Dominion Energy proposes largest group yet of new solar and storage projects in Virginia
The utility Dominion Energy Virginia has proposed the largest group yet of new solar and energy storage projects in Virginia.
DE Shaw purchases, secures debt financing for solar-storage project in New Mexico
DE Shaw Renewable Investments (DESRI), part of the hedge fund DE Shaw Group, has purchased and secured debt finance for the 450-MW Arroyo solar-plus-storage project in New Mexico.
No new coal for China
China is to abandon financial support for the construction of new coal-fired power plants abroad as part of Beijing’s wider plans to reach net-zero emissions by 2060.
Uniper secures government funding for Immingham green hydrogen plant
Bosnia's Zivinice joins clean air initiative
Preem launches renewable fuel production at Swedish refinery
Wintershall Dea brushes off legal threat from green group
South African companies Sasol and Imperial partner to develop hydrogen in Southern Africa
South African companies Sasol and Imperial Logistics will partner to develop southern Africa’s hydrogen mobility ecosystem.
AfrElec: Africa’s endangered mountainous forests risk losing carbon sink potential
Tropical forests in mountainous areas of Africa are more concentrated stores of carbon than the Amazon, a new study in journal Nature has suggested.
Russia seeks measures to facilitate decarbonisation
bneGREEN: Montenegro cancels €54mn Pljevlja TPP reconstruction plan, to focus on renewable energy
Ministry says Podgorica to scrap reconstruction of power plant at centre of conflict with Energy Community.
IAEA in need of €40mn to close funding gap on addressing radioactive and toxic waste in Central Asia
Ukrainian large-scale wind project to start construction in 2023
National Bank of Ukraine forecasts key policy rate reduction in the second quarter of 2022.
AsiaElec: Vestas wins 101-MW wind turbine order from India’s ReNew Power
Denmark’s Vestas has secured a 101-MW wind turbine order from Indian independent ReNew Power.
FMO to support Mongolia’s Khan Bank with $120mn syndicated facility
EBRD seals acquisition of 6% in Istanbul listed biogas company Biotrend
South Africa adopts tougher emission targets ahead of climate change meeting
South Africa’s Cabinet has approved tougher greenhouse gas emissions targets ahead of the UN’s climate change conference, also known as COP26.
PowerChina wants to build hydro, solar and wind power plants in Serbia
REM: Poland’s Columbus Energy buys 90 MW worth of solar projects
Russian coal could come under green pressure
Russian utility major InterRAO to lose $193mn yearly on EU carbon tax
EV batteries of Slovak InoBat prove to be more efficient than those of Asian manufacturers
Uzpromstroybank inks $75mn loan agreement with IFC
Demand for Serbia's green Eurobond three times higher than expected, finance minister says
South Africa's Kibo Energy acquires stake in UK waste-to-energy plant
South African listed energy company Kibo Energy signed heads of terms with London’s Aim-listed EQTEC, advancing its energy-from-waste portfolio.
Serbia issued debut €1bn green Eurobond
First green Eurobond from the Western Balkans to finance environmental protection and climate change mitigation projects as Serbia pursues green transition.
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