REM - Renewable Energy

23 June 2022

Nordex in the doldrums

22 June 2022

Nordex, the German wind turbine manufacturer, widened its loss in the first quarter as sales dropped and costs for logistics and raw materials escalated.

Siemens Gamesa wins most important part of patent fight against GE

22 June 2022

German-Spanish company Siemens Gamesa Renewable Energy (SGRE) has won a patent infringement fight with GE Renewable Energy in a federal court in Boston.

Oil and gas companies mull 1-GW floating offshore wind farm off Norway

22 June 2022

Five oil and gas companies – Equinor, Petoro, TotalEnergies, Shell and ConocoPhillips – that are partners in the Troll and Oseberg fields are studying the possibility of a 1-GW floating offshore wind farm in the Troll area off Bergen.

Vattenfall buys 85% share in two large early-stage floating offshore wind projects off Sweden

22 June 2022

Swedish energy company Vattenfall is acquiring the majority share in two huge offshore wind projects – a total of 2.8 GW – from Norwegian wind company Zephyr. The projects are off the coast of Gothenburg in southern Sweden.

Microsoft contracts Enchanted Rock to develop California’s largest microgrid supported by biogas

22 June 2022

Microsoft has contracted Enchanted Rock of Texas to develop California’s largest microgrid supported by renewable natural gas (RNG) or biogas. The data centre is in Silicon Valley near San Jose.

RWE, Commerzbank sign MoU for offshore wind fund

22 June 2022

RWE and Commerzbank are planning a ‘Green Mittelstand Fund’ to give medium-sized industrial companies in Germany access to electricity from offshore wind plants. They also announced they are to develop a 1-GW offshore wind farm for the fund.

Qantas, Airbus to invest $200mn to speed up sustainable aviation fuel in Australia

22 June 2022

Qantas Airways and Airbus will invest up to $200mn to hasten the development of a sustainable aviation fuels (SAF) industry in Australia in what they say is a landmark agreement.

US Solar Buyer Consortium to invest $6bn-plus in panels to drive domestic solar manufacturing

22 June 2022

Four leading renewable energy companies – AES Corporation, Clearway Energy Group, Cypress Creek Renewables and D.E. Shaw Renewable Investments – have formed the US Solar Buyer Consortium to drive expansion of the domestic solar supply chain.

US government advances 1.1-GW wind project off New Jersey

22 June 2022

The US Bureau of Ocean Energy Management (BOEM) has announced the draft environmental statement for the proposed and huge 1.1-GW-plus Ocean Wind 1 wind energy project off New Jersey.

Iran records one of the hottest days on Earth ever

22 June 2022

World leaders distracted by multiple crises might like to spare a moment to take note of the city of Abadan’s experience of a brutally hot 52.2°C.

Europe should fund renewables in Africa, says EIB official

22 June 2022

Europe should help Africa weather the worsening storm of global energy prices by boosting its investment in renewable energy on the continent, the EIB has said

Heatwave hits Europe as climate change bites

21 June 2022

Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.

Kenya-based CBEA raises $25mn for solar project funding across Africa

20 June 2022

CrossBoundary Energy Access (CBEA), a mini-grid infrastructure investor based in Kenya, has raised $25mn to fund renewable energy projects across Africa, it revealed on June 16.

Chevron expands renewable fuels business with closing of REG acquisition

17 June 2022

Chevron has completed its previously announced acquisition of Renewable Energy Group (REG), expanding its renewable fuels business.

Guyana wins praise for plan to use oil revenues to fund establishment of green economy

17 June 2022

The Inter-American Development Bank (IADB) says Guyana’s government has succeeded in formulating a comprehensive plan aimed at using oil revenues to facilitate the move toward a greener economy.