REM - Renewable Energy
Asia to feel the deepest impact of HSBC’s coal phase out
HSBC has announced ambitious plans to phase out the financing of coal-fired power and thermal coal mining by 2030 in the EU and OECD markets and worldwide by 2040.
China could fail to meet 2021 solar target
China is in danger of failing to meet its solar capacity targets for 2020 as rising prices for raw materials slow down new projects.
Danske Commodities, wpd sign Croatia’s first commercial PPA
Kenya’s Olkaria 1 Unit 6 83-MW geothermal plant set to start operating in 2022
Kenya’s 83-MW Olkaria 1 Unit 6 geothermal plant, now under construction, should start feeding into Kenya’s national grid in early 2022.
Russian Arctic temperatures soar to new record highs
Temperatures in Russia’s Arctic regions soared to fresh record highs last summer, ringing alarm bells over climate change, The World Meteorological Organization (WMO) says.
Russia could cap dividends of polluters
ACP: expanded offshore wind leasing in the US could generate $4.5bn in new federal revenue
A new report by the American Clean Power Association (ACP) finds that expanded offshore wind leasing in the United States could generate up to $4.5bn in new federal revenue.
Shell acquires US solar company Savion from Macquarie
Shell New Energies US, a subsidiary of oil supermajor Royal Dutch Shell, has signed an agreement to buy 100% of Savion, a large utility-scale solar and energy storage developer in the United States.
Talks lagging between Biden and Manchin on $2 trillion bill that boosts renewable energy
Urgent talks between President Joe Biden and obstructionist moderate Democratic Senator Joe Manchin are not going well, according to an anonymous source speaking with the Associated Press on the morning of December 15.
Brussels outlines ambitious plans for hydrogen, methane use in bid to strengthen gas market
The European Commission has published a draft bill to promote the use of hydrogen and biomethane across Europe, and to strengthen the resilience of the gas system after months of volatile gas prices and supply worries.
REM: Western Spirit transmission line sold to PNM Resources for $285mn
Public Service Company of New Mexico has closed its $285mn purchase of the Western Spirit transmission line in New Mexico. The line will accommodate up to 800 MW of new wind energy in the eastern part of the state.
OMV Petrom targets 100 EV charging stations in region by end-2022
Germany's Promondis to build 88.5-MW solar plant in Bosnia
Russia draws up carbon operator rules
The Russian Ministry for Economic Development has drawn up the procedure for determining payments for services provided by the operator of the register of carbon units.
EBRD provides $5mn to Shinhan Bank Kazakhstan under Green Economy Financing Facility
Scirocco Energy to pioneer greener fertiliser in fresh food industry
AIM-listed Scirocco Energy is to develop a new form of sustainable peat substitute, a type of green fertiliser, after signing an exclusivity agreement with UK sustainability technology provider SEM.
President Biden signs executive order to boost America’s clean energy economy
President Joe Biden has issued an executive order that sets new goals for the US federal government to cut its carbon dioxide emissions by 65% by the end of this decade and to achieve net-zero emissions by 2050.
VP Kamala Harris and ex-Treasury Secretary Larry Summers address US renewables conference
A top-drawer line-up of speakers has been addressing this week’s American Clean Power Association’s CLEANPOWER 2021 event in Salt Lake City, a sign of the coming of age of the renewable energy industry.
Russia late with rubbish reform launch
Can Russian aviation go green?
Due to its history of pioneering technological development, its expansive geography, and its vast and well-financed petrochemicals industry, Russia could be at the forefront of green air travel if it chooses to be.
Estonia’s Novo Solar and Combiwood establish joint solar energy firm
Russian Yandex makes Dow Jones Sustainability World Index
Belgian green energy producer launches arbitration to recover $79mn from Ukraine
Belgian green energy producer launches arbitration to to recover $79mn from Ukraine
Total Eren launches studies of H2 Magallanes green hydrogen project
Total Eren, a renewable energy producer established in 2017 by France’s Total (now TotalEnergies) and Luxemburg’s Eren, has begun work on studies for a large-scale green hydrogen project based on wind power in Chile.
Green Tech: Agilitee Africa set to build electric car assembly plant in Ghana
The idea, when established, will further boost the government's vision to fully integrate Ghana and make it a competitive hub in the automobile industry
Israeli investor plans 102MW wind farm in eastern Romania
Ormat earns high revenues from Kenya’s Olkaria wells
US power company Ormat continued to earn huge payouts from Kenya Power despite lower output at its Olkaria geothermal wells, exposing the downsides of protective electricity purchase contracts.
Kawasaki sets 2030 carbon neutral target, but only at domestic operations
Japan's Kawasaki Heavy Industries aims to become carbon neutral at its domestic factories and offices in 2030 by using electricity generated by a 100-MW hydrogen-fuelled power plant it plans to build.
US to provide $500mn in soft loans to support Indian solar manufacturing
The US International Development Finance Corporation (DFC) has approved up to $500mn of debt financing for First Solar’s 3.3-GW proposed photovoltaic solar module manufacturing facility in Tamil Nadu, India.
AIA Group divests from coal
Global insurer AIA Group has become the latest insurer to divest its coal mining and coal interests by selling $10bn of investments in the fuel.
Vietnam’s 48-MW Tra Vinh wind farm begins commercial operations
Modern Energy Management (MEM) said it has begun commercial operations at the pioneering 48-MW Tra Vinh Wind Power (TWPC) intertidal wind farm project in Vietnam.
UN’s Espinosa stresses need for quick follow up on Glasgow goals
UN climate chief Patricia Espinosa said governments must quickly begin working to meet the goals set at the COP26 conference in Glasgow as part of the Glasgow Climate Pact.
Li-ion battery recycling not expected to take off before 2030
Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie, while China is forecast to remain as key battery recycling centre in the long term.
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