REM - Renewable Energy
Nordex, the German wind turbine manufacturer, widened its loss in the first quarter as sales dropped and costs for logistics and raw materials escalated.
German-Spanish company Siemens Gamesa Renewable Energy (SGRE) has won a patent infringement fight with GE Renewable Energy in a federal court in Boston.
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.
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 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 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 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.
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.
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.
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 help Africa weather the worsening storm of global energy prices by boosting its investment in renewable energy on the continent, the EIB has said
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.
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 has completed its previously announced acquisition of Renewable Energy Group (REG), expanding its renewable fuels business.
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.