REM - Renewable Energy
EU plans 45% renewables by 2030
In a plan outlined on May 18, the European Union proposed a legally binding goal for 45% renewable energy by 2030. That is up from the current 40%.
Simply Blue plans 5 GW of floating wind projects off Sweden
The start-up Simply Blue Group has unveiled plans for two multi-gigawatt floating wind projects in the Baltic Sea.
Brussels puts €300bn price tag on ending Russian energy imports, but relies on new spending on gas
The European Commission has set 2027 as its target date for ending Russian energy imports, warning it would require €300bn of fresh investment and that new short-term spending on fossil fuel infrastructure would be needed.
Ørsted, TotalEnergies, BP and RWE to submit bids for Dutch offshore wind tenders
Ørsted and TotalEnergies will jointly submit a bid for Dutch offshore wind tenders, while bp and RWE will submit their own bids.
Keystone starts spiral-welded tower production in US
Keystone Tower Systems has begun commercial production of the world’s first utility-scale spiral-welded towers at its new factory at a former oil and gas facility in Pampa, Texas.
Norway unveils 30-GW offshore wind plan
Norway has unveiled a plan for 30 GW of offshore wind energy by 2040. Norway, with a population of 5.3mn and ample clean hydro power, aims to export a great deal of the wind energy produced.
Iberdrola inaugurates green hydrogen plant in Spain
Iberdrola has inaugurated the company's green hydrogen plant in Puertollano, Spain. It is the largest facility of its kind for industrial use in Europe. His Majesty King Felipe VI of Spain oversaw the opening.
Distributed wind could supply more than half US electricity consumption: government report
A new government study has found that in the US, distributed wind turbines could profitably provide nearly 1,400 GW of capacity today, enough to supply more than half of current electricity consumption.
Corio, Ontario Teachers to partner on 9 GW of offshore wind
Corio Generation will partner with Ontario Teachers’ Pension Plan to support the development of up to 9 GW of offshore wind worldwide.
$315mn in winning bids announced for US offshore wind lease
TotalEnergies Renewables USA and Duke Energy Renewables Wind won a US government lease auction off the Carolinas with winning bids totalling $315mn. The tracts have a capacity of 1.3 GW.
REM: $315mn in winning bids announced for US offshore wind lease
TotalEnergies Renewables USA and Duke Energy Renewables Wind won a US government lease auction off the Carolinas with winning bids totalling $315mn. The tracts have a capacity of 1.3 GW.
British International Investment (formerly CDC) re-establishes presence in Kenya
British International Investment (BII) has re-established its presence in Kenya reaffirming its commitment to channel greater funding to help drive innovation and tackle the biggest global development challenges.
Serbia’s new era of digital agriculture
Digitisation of agriculture is already helping farmers to respond to climate change and raise production, according to the BioSense Institute in Serbia’s Novi Sad.
InfraCo to invest $15mn in green funding to Africa-focused Bboxx
InfraCo Africa, an investment group funded by the governments of the UK, the Netherlands and Switzerland, has committed to providing $15mn to Bboxx
EBRD 2022: Hopes new technologies to ease water security in North Africa
Just like in the renewable energy sector, new technologies are creating new options and bringing down costs to provide water for households and irrigation.
SK E&S invests in US CCS project
Summit Carbon Solutions’ carbon capture and storage (CCS) project in North Dakota received a boost this week on the announcement that South Korean power utility and gas provider SK E&S would invest $110mn in the scheme.
Raising EU green targets will cost an extra €195bn
The European Commission is considering raising its renewable energy target for 2030 to 45% in new green plans to be published later in May.
Climate change, war in Ukraine and rising prices create perfect storm threatening global food security
The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.
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