REM - Renewable Energy
Supply vessels will be in short supply for US offshore wind sector
Vessels for the US offshore sector will be in very short supply in mid-decade, says a new report. That is when US activity will peak in the short term, says Intelatus Global Partners.
BNEF: global investment in energy transition reached $755bn
Massive 1.2-GW two-phase floating wind project eyed in Spain
Spain’s government has started to review a 1.2-GW floating offshore wind project planned by Bluefloat and Sener Renewable Investments off the coast of A Coruna in Galicia in north-west Spain.
Pressure builds on Biden to prioritise climate and energy provisions of Build Back Better
Pressure is building within President Joe Biden’s own party for the White House to prioritise the climate and energy provision of the Build Back Better bill, stalled for more than a month in the US Senate.
Vote on controversial California solar rooftop proposal has been delayed
A controversial reform proposal for rooftop solar has been pulled from the agenda of the California Public Utilities Commission in late January. The earliest it could now be considered is at the next meeting on February 10.
REM: Italy launches 3.35-GW renewables tender
Germany OKs nearly 1.9 GW of offshore wind sites
Germany's Federal Maritime and Hydrographic Agency, BSH, has approved nearly 1.9 GW of offshore wind sites.
Largest marine infrastructure project in UK gets GBP30mn
An infrastructure bank, the Scottish National Investment Bank, will lend GBP30m for the expansion of the harbour in Aberdeen in north-east Scotland. The port, the key service centre for North Sea oil, is vying to become a key port for offshore wind.
Green Trust, Enercon to invest €500mn in wind farm in Croatia
Brazil readies for first offshore wind auctions
In Brazil, the government has launched the regulatory and legal framework for the development of an offshore wind market
Russia plans to raise $8bn for climate projects by 2024
Russian utility major Unipro ups output 14.5% in 4Q21
Morocco bids for two small dams in Zagora and Errachidia
AG Energy to build 200-MW solar park in north-west Libya
EBRD invests record $690mn in Uzbekistan in 2021
EBRD invests record €2bn in Turkey in 2021
Major European utilities fail on net-zero plans
Business plans of major European power utilities do not contain the intermediate targets necessary to deliver on their net-zero pledges, finds a new report by Ember and Europe Beyond Coal.
Major wind turbine manufacturers likely to see profits squeezed again in 2022
In the last week, the three major wind turbine manufacturers have reported squeezed margins as they face cost inflation as well as project delays because of supply chain turbulence, COVID and unstable European electricity prices.
Landmark US climate lawsuit proceeds against fossil fuel companies
A federal appeals court has heard a case in which Baltimore is suing about a dozen major oil and gas companies including BP, ExxonMobil and Shell. The city claims that the companies knowingly contributed to climate change and should pay damages.
Czechia ranks fifth worst among EU members in renewable energy share, according to Eurostat
Solar power plant planned in Kikinda
Taiwan’s Ming Rong Yuan NE to invest $100mn in offshore facilities base
Taiwan’s Ming Rong Yuan NE is to invest NT$3bn ($108.3mn) in building a research, production and storage base for underwater jacket foundations and renewable energy facilities at the Port of Kaohsiung.
Meeting 1.5 °C could cost $75 trillion by 2050
Limiting global warming to 1.5 °C could cost reduce global GDP by 2%, or $75 trillion, by 2050 as spending must increase to accelerate the energy transition.
Chinese wind sector set for 10% annual growth until 2028
China’s wind sector could increase by an average of 10.2% per year between now and 2028, when it potentially could account for 67% of total global wind output.
China adds over 100 GW of wind and solar in 2021
China added 100.54 GW of new wind and solar capacity in 2021, according to official data, way above the government’s target of 90 GW.
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