REM - Renewable Energy
Climate bill in US is far from a done deal
The Inflation Reduction Act (IRA) is the most extensive climate legislation in the world, but it is also far from a done deal.
France to tender 2 GW of offshore wind in the Atlantic, prequalifies companies for Mediterranean auction
France expects to declare a winner starting in early 2024 for two sites that could support as much as 2 GW of offshore wind in the Atlantic Ocean off the island of Orélon. Originally, less than 1 GW had been anticipated for the area.
Eversource still eyeing selling stake in three US offshore wind projects
New England utility Eversource has not yet formally decided to exit its 50:50 partnership with Ørsted for three large wind projects off the north-eastern US. But the company is actively marketing its share, executives said on a recent earnings call.
ABO Wind sells the rights to Buffalo Plains wind farm in Canada
Germany-based renewable energy developer ABO Wind has sold its Canadian 514.6-MW project Buffalo Plains wind farm to an un-named investor upon reaching ready-to-build status.
US community solar market forecast to grow by 7 GWdc by 2027
The US community solar market will continue to grow over the next five years, with at least 7 GWdc of community solar expected to come online in existing markets between 2022-2027, according to new research.
Ireland raises offshore wind target to 7 GW
Ireland’s government has raised the offshore wind target from 5 GW to 7 GW in 2030. The government has also more than doubled the solar target to 5.5 GW, and green hydrogen to 2 GW.
EDPR acquires solar development platform based in Germany
EDP Renewables has reached an agreement to acquire a 70% stake in Kronos Solar Projects GmbH, a solar developer company based in Germany. The acquisition price is €250mn ($257mn).
Intersect Power orders 2.4 GW of First Solar modules
First Solar will supply 2.4 GWDC of its high-performance, advanced thin-film photovoltaic (PV) solar modules to Intersect Power.
Turkish energy ministry says its working to resolve Akkuyu nuclear plant dispute between Rosatom, domestic firm
Russia’s Rosatom comes under fire for changing lead contractor on nuclear power plant project in Turkey
EBRD invests $21.4mn in solar plant in Azerbaijan
IFC partners with Ghana holding LMI to provide sustainable energy, water to businesses in economic zones
Babcock & Wilcox environmental unit signs $18mn Africa deal
Babcock & Wilcox’s environmental business segment has been awarded an $18mn contract to provide advanced environmental equipment to reduce emissions for a power plant in Africa, it has revealed.
BP, Eni complete formation of Azule Energy JV in Angola
BP (UK) and Eni (Italy) have completed the process of establishing Azule Energy, a new joint venture that will combine both companies’ upstream, LNG and solar energy assets in Angola.
First Siemens Gamesa recyclable blade at offshore wind project
Green energy has been delivered from the world’s first turbine equipped with Siemens Gamesa’s recyclable blades. The technology's first commercial installation recently took place at RWE Renewables’ Kaskasi offshore wind power off Germany.
Zero-carbon housing a key battleground for climate change
Zero-carbon housing is a key battleground in combating climate change and global warming, as the residential building sector across Europe has the potential to cut fossil fuel dependency and reduce emissions.
New York solicits 2 GW of offshore wind
New York State has issued a request for 2 GW of offshore wind projects. The solicitation is the state’s third for offshore wind.
MasTec to acquire renewable energy developer IEA
US engineering and construction company MasTec has agreed to acquire renewable-focused infrastructure developer Infrastructure and Energy Alternatives (IEA) in a cash-and-stock transaction valued at about $1.1bn.
Australia's Orion Metals reports busy Q2 at South Africa projects, bullish on copper, zinc future
Iberdrola, BP to collaborate on EV charging and green hydrogen
Iberdrola and BP have announced plans to form a strategic collaboration to accelerate the energy transition and to significantly expand fast EV public charging infrastructure to support the adoption of electric vehicles.
Enefit Green to establish Estonia’s largest wind project
Estonia’s Enefit Green, part of Eesti Energia’s group of companies, has signed an agreement to acquire the Tootsi wind farm project from Eesti Energia and plans to build the wind farms in Tootsi and Sopi simultaneously
Approval for Norsk Solar’s 18-MW solar PV project in Brazil
Norsk Solar has announced that the board of directors of Nordic Impact Co-operation (NIC) has approved the construction of six solar PV plants with a capacity of 18 MW in Brazil.
Raisi calls for ‘serious’ pursuit of Iran’s Helmland River water rights from Afghanistan
At least 53 confirmed dead in Iran flash floods
Nordex Group wins contract for Finnish wind farm
A consortium comprising Finnish energy utility Helen and Ålandsbanken Wind Power Fund has commissioned the Nordex Group to supply and install 25 N163/5.X turbines for the 147.5-MW Karahka wind farm.
Rosatom, Vietnam’s An Xuan Energy sign wind power agreement
Russia’s NovaWind and An Xuan Energy have signed a co-operation agreement for construction of a wind farm in Vietnam.
Japan and South Korea hit solar power records in May
South Korea and Japan have both achieved new solar records in May in the midst of a coal and gas crisis, energy think-tank Ember said.
Europe must double wind and solar deployment
EU countries need to double the rate of annual wind and solar capacity additions to reach the volumes required to meet the 1.5C aligned 2030 green capacities, think-tank Ember said in a recent report.
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