REM - Renewable Energy
Europe’s renewable energy supply chain under threat from soaring power prices
Europe’s renewable energy supply chain is under threat from soaring power prices, says Rystad Energy of Oslo. As much as 25% of solar and battery manufacturing capacity in Europe is at risk, says the research firm.
IntelStor: Denmark’s wind turbines have lost $279mn in asset revenue since 1978
Denmark’s wind turbines lost DKK2.1bn ($279mn) in asset revenue from 1978 to 2020, says US research and consulting firm IntelStor. This was because of curtailments, faults and failures as well as age-related asset performance degradation.
Ireland OK’s leases for seven offshore wind farms
The Irish government has granted leases to seven new offshore wind projects
REM: Aukera to acquire PV portfolio of 1 GW
Aukera to acquire PV portfolio of 1 GW
Aukera will acquire a portfolio of solar photovoltaics projects under development across Germany with an initial 1 GW of total capacity from securenergy solutions AG.
Galileo and Hope Group to develop 525-MW floating offshore wind project off Italy
Galileo and Hope Group have formed a joint venture to develop a 525-MW floating offshore wind project named Lupiae Maris off Apulia, Italy.
Brookfield to buy two renewable energy firms for up to $2bn
Brookfield Renewable announces two further investments in the US renewable energy sector for up to $2bn
Starlight targets 10 GW of renewables globally
UK-based Starlight is targeting 10 GW of renewable energy projects globally. It is currently at 8.3 GW of projects under development
RWE agrees to buy Con Edison's renewables subsidiaries for $6.8bn
RWE has agreed to buy Consolidated Edison’s renewable energy subsidiaries for $6.8bn.
Siemens Gamesa to axe 2,900 jobs globally
Siemens Gamesa is to axe approximately 2,900 jobs globally, around the world – more than 50% of them in Denmark, Spain, Germany and the UK alone. This move by the wind turbine maker is part of the struggling company’s rationalisation plan.
EU agrees price cap on renewable energy
EU member states have agreed to cap the price of energy sold by renewable and some other producers at €180 ($177) per MWh.
PGMs giant Sibanye-Stillwater of South Africa ups stake in Finnish lithium operation Keliber to 85%
Mining giant Anglo American, France's EDF launch major renewable energy projects in South Africa
Kenya’s president urges African states to prioritise renewable energy over fossil fuels
Southern Africa well-placed to become green hydrogen production, export centre - Kearney
OMV Petrom, CE Oltenia join forces in 450 MWp PV project
Shell makes foray into African power
Shell subsidiary set to acquire Nigerian solar energy company
Shell (UK) may be gearing up to divest its onshore oil and gas assets in Nigeria, but it is also expanding into the renewable and off-grid energy sector to reduce the carbon intensity of its operations.
South Africa's top coal miners, Exxaro and Thungela, mull bids for green energy firm BTE Renewables
Fit for 55 – not fit for purpose
The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.
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