REM - Renewable Energy
Prospects for President Joe Biden’s entire Build Back Better agenda again looked dimmer on April 26 as the conservative Democrat Senator Joe Manchin told ABC News bluntly: “There’s not a Build Back Better revival. There’s not."
Boralex, Énergir and Hydro-Québec are partnering together to develop three wind projects of 400 MW each in the Seigneurie de Beaupré territory, in Quebec, Canada. Total investments for the projects could reach CAD3bn.
On Earth Day, Renexia SpA inaugurated its almost-complete 30-MW Beleolico offshore wind project, Italy’s first offshore wind farm and the first in the Mediterranean Sea.
Leeward Renewable Energy (LRE) and First Solar have entered into an additional multi-year framework supply agreement. First Solar will provide LRE with 1 GWdc of advanced, ultra-low carbon thin-film photovoltaic solar modules.
Amazon, the web retailer, has announced 37 new renewable energy projects globally, adding 3.5 GW to its portfolio. The company aims to power 100% of its operations with renewable energy by 2025 – five years ahead of the original target of 2030.
Quinbrook Infrastructure Partners and Primergy Solar have closed $1.9bn in debt and tax equity financing for the Gemini Solar + Storage project in Nevada. Primergy is a wholly owned portfolio company of Quinbrook.
Shareholders of Equinor, the Norwegian state oil company, will advise on the company’s first energy transition plan on May 11. Equinor is aiming for an offshore wind goal total of 12-16 GW of installed net renewable capacity by 2030.
The US Federal Energy Regulatory Commission has announced a proposed rule that is key to reforming regional transmission planning and cost allocation in a way that will help drive the roll-out of renewables and the energy transition.
The US investigation into whether Southeast Asian solar panel manufacturers are circumventing tariffs could reduce domestic US solar installations by 46% in 2022 and 2023, threatening both jobs and the competitiveness of the US solar industry.
South Africa’s Sasol is quickening the pace of its green hydrogen export plans in response to Europe’s anxious search for new energy sources in response to the Russian invasion of Ukraine.
UAE’s Masdar and Egypt’s Hassan Allam Utilities to develop green hydrogen production plants in Suez Canal
REM: UAE's Masdar and Egypt’s Hassan Allam Utilities to develop green hydrogen production plants in Suez Canal
Asia’s corporate giants are failing to set emissions reductions targets, running the risk of missing their own climate commitments and putting net zero by 2050 in danger.
Ørsted has delivered its first electricity from the Greater Changhua 1 & 2a Offshore Wind Farm in Taiwan.
Germany is to provide €65mn of soft financing to support hydro and solar expansion in Egypt as part of Cairo’s plans to expand its renewables sector.