REM - Renewable Energy
EU unveils €1.6bn investment in Morocco’s green energy projects
Pressure piles on for “demonstrable progress” on BBB clean energy provisions as deadlock continues
More than 60 diverse stakeholders have written to Senator Majority Leader Chuck Schumer and House Speaker Nancy Pelosi calling for "demonstrable progress" this month on Build Back Better's $555bn in clean energy and climate provisions.
REM: Siemens Gamesa see its value drop nearly 50% in 12 months, CEO out
Original equipment manufacturers in the wind industry are facing a rocky road because of cost pressures and the pandemic. This means a slashing in their value and, in the case of Siemens Gamesa Renewable Energy, a toppling of their CEO.
Demand for vessels large enough for offshore wind projects will outpace supply by 2024
Super-sized offshore wind turbines are becoming the norm, and they will require new or upgraded vessels to install them. By 2024, demand for suitable vessels will outpace supply and installation of projects may become a “headache,” says Rystad.
Norway to launch 1.5-GW offshore wind tender in 2022, while UK selects first offshore wind project to help stabilise the grid
Norway will launch a licensing round for offshore wind turbines in the southern North Sea later in 2022. Meanwhile, for the first time the UK grid operator has selected an offshore wind project to help stabilise the grid.
Influential activist hedge fund starts new ETF to invest in energy transition
Engine No. 1, the hedge fund that went after ExxonMobil over the issue of climate change, is launching a new actively managed exchange-traded fund that will back companies that will drive and benefit from the energy transition.
Scottish wind industry could more than triple in size by 2030, says trade group
Scotland’s wind industry could increase by 231% by 2030, according to Scottish Renewables’ third annual 'Supply Chain Impact Statement' report.
Biden extends solar tariffs but allows far more cells to be imported duty-free
President Joe Biden is extending tariffs on imported solar products first imposed in 2018 during the Trump administration but will allow more cells to enter duty-free, a decision welcomed by project developers but not US solar manufacturers.
DOE awards $25mn for testing wave energy technology at Oregon State University
The US Department of Energy has awarded $25mn to eight groups for the testing of wave energy technologies at Oregon State University’s PacWave South facility off the central Oregon coast near Newport.
CIP to lead massive green hydrogen project in Spain backed by wind and solar
Copenhagen Infrastructure Partners has announced a partnership with Spanish companies Naturgy, Enagás and Fertiberia and Vestas, the wind turbine manufacturer based in Denmark, for a massive green hydrogen facility.
AsiaElec: 900-MW Norwegian solar project in India postponed
Istanbul demonstration project aims to grow algae for jet fuel
Germany to prepare loan for Ukraine to develop hydrogen
Germany to prepare loan for Ukraine to develop hydrogen
Russian government introduces draft legislation that sets the initial cost of carbon at $13/tonne
Expo 2020 Dubai pushes green innovation
Sustainability permeates the architecture and presentations of Expo 2020 Dubai. The challenge will be transferring this ambitious model for sustainable living from the pavilions into the real world.
PKN Orlen applies for new Baltic Sea offshore wind concessions
BSTDB announces $45mn investment in ENERGO-PRO bond issue
Global O&M solar market set for fast growth, but new entrants will struggle
Global solar operations and maintenance spending is predicted to rise fourfold to $15bn by 2030, but low margins could deter new entrants to the market and reduce profits for established players.
Gas and nuclear to be included in EU green taxonomy
EU has included gas and nuclear in the EU green taxonomy but denied that it was in fact promoting greenwashing.
Uzbekistan aims to lift waste recycling level to 40%
Bamburi signs agreement with MOMNAI Energy to move to green energy
Bamburi Cement has signed a power purchase agreement for solar power plants to be installed adjacent to two cement processing units of the firm in Kenya
China opens largest green hydrogen project at 150 MW
China’s Ningxia Baofeng Energy Group has switched on the world’s largest green hydrogen project, a 150-MW alkaline electrolyser that is powered by a 100-MW solar farm.
India to invest $2.6bn in solar capacity to reduce exposure to China
India has revealed ambitious plans to invest $2.6bn in supporting domestic manufacturers of solar modules in a bid to cut imports from China.
AsiaElec:JERA to move into Japanese solar with 1-GW plan
Japan's biggest power generator JERA is to spend JPY160bn ($1.4bn) to develop 1 GW of solar capacity in Japan over the next five years by joining with local energy developer West Holdings Corp.
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