REM - Renewable Energy
Ørsted and Copenhagen Infrastructure Partners to co-develop 5.2 GW of offshore wind off Denmark
Avangrid: PPAs for 1.2-GW Commonwealth Wind project off US no longer “economically viable”
Avangrid Renewables says that the power purchase agreements for the 1.2-GW Commonwealth Wind project planned for a site off Massachusetts are no longer economically viable.
REM: GE Renewables’ 2022 losses will reach $2bn
GE Renewables’ 2022 losses will reach $2bn
General Electric has released its Q3 earnings – and the outlook for its renewable energy division is dim in the short term.
Abu Dhabi-based sovereign wealth fund Mubadala enters offshore wind
Abu Dhabi-based sovereign wealth fund Mubadala Investment Company has entered offshore wind by buying a stake in Skyborn Renewables.
MPS, Simply Blue to develop floating offshore wind project in Scotland
Simply Blue Group has partnered with Marine Power Systems (MPS) to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland.
Octopus enters JV with Nexta to create 1.1 GW of onshore wind, solar and energy storage in Italy by 2025
UK-based Octopus Energy Generation has entered the green energy power market in Italy by investing in Nexta, the renewables developer, to develop 1.1 GW of onshore wind, solar and energy storage projects by 2025.
Ocean Winds to build offshore wind farm off Poland
Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, plans to build the 400-MW BC-Wind offshore wind project in the Baltic Sea some 23 km north of the Polish municipalities of Choczewo and Krokowa.
Ørsted, Energy Capital Partners in US onshore wind, solar farm-down
Danish energy company Ørsted has closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused private equity firm, to divest a 50% ownership stake in a wind and solar portfolio.
Encavis finances two Danish solar farms
Hamburg-based wind and solar park operator Encavis has completed another non-recourse project financing arranged for two Danish solar parks.
Siemens Gamesa signs deal for 1.044 GW of offshore wind turbines for Taiwan
Siemens Gamesa Renewable Energy has signed a deal with Hai Long for 1.044 GW of offshore wind turbines for Taiwan.
Orbiting Nasa instrument detects methane ‘super-emitters’ in Turkmenistan and Iran
Turkmen oil and gas infrastructure and landfill south of Tehran added to emissions blacklist.
Vena Energy plans solar project in Queensland
Singapore-based renewable energy company Vena Energy has reached financial close for the first stage of its 125-MW Wandoan South solar project in Queensland
US government to auction wind sites off California on 6 December
In the US, the first ever auction for wind leases off California will be held on 6 December. The announcement was made by the US Bureau of Ocean Energy Management (BOEM), part of the Department of the Interior.
Shizen Energy, CDPQ to accelerate energy transition in Japan
Japanese renewable energy company Shizen Energy and global investment group CDPQ announced a JPY70bn ($474m) investment by CDPQ to accelerate the energy transition in Japan and key international markets.
NREL: US offshore wind jobs to accelerate, training needed
A new US government laboratory report estimates that the US offshore wind sector will need to add an average of 15,000 to 58,000 full-time jobs yearly from 2024 to 2030, up from some fewer than 1,000 jobs.
First generating unit at Tajikistan’s Nurek Hydropower Plant put into operation in rehabilitation project
Estonia to disburse €23mn for green transition
Greece to increase electricity connections with Albania, Bulgaria and North Macedonia
Infinity Energy in talks with Egypt’s sovereign fund to set up electric taxi project
South Africa’s IDC signs MoU with Saudi-based Acwa Power for local green hydrogen development project
KarmSolar secures $2.4mn in financing from QNB ALAHLI for first solar energy battery storage system
Tehran warned of possible water shortages in coming weeks with reservoir levels at historic lows
South Africa approves $8.5bn decarbonisation plan
Egyptian property developer Hassan Allam to pump $150mn into Moroccan renewable energy, desalination projects
Ukraine's green revolution is in full swing
Ukraine looks towards a green future with post-war developments focusing on renewable energy sources, Ukraine Business News reported on October 21.
BP to acquire biogas producer Archaea for $4.1bn
bp is buying leading Texas-based biogas producer Archaea Energy for $4.1bn in cash and net debt.
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