REM - Renewable Energy
Vestas reins in outlook as inflation and the energy crisis continue
Wind giant Vestas has reduced its financial expectations for the year because of pressures from inflation and the energy crisis that followed Russia’s invasion of Ukraine.
Saudi ACWA Power signs MoU with Egyptian government entities to set up 10-GW wind farm
Europe: wind turbine orders in Q3 down 36%
Europe’s wind turbine orders in Q3 2022 fell by 36% compared with Q3 a year ago. This is according to the latest report from wind trade association WindEurope entitled Wind Turbine Orders Monitoring Q3 2022.
Google signs deal for almost 1 GW of solar power for Texas datacentre
Google has signed up for almost 1 GW of power from solar projects for a datacentre in Texas. The solar projects are owned by SB Energy Global.
Crowley, Humboldt Bay seek to develop and operate California’s first wind port
Crowley Maritime Corporation and the Port of Humboldt Bay in California will exclusively negotiate to partner on California’s first hub for offshore wind energy installations. Crowley is seeking to be the developer and operator of the terminal.
Engie expands, acquires 6 GW of solar and storage in US
Engie North America has purchased a 6-GW portfolio of 33 late-stage projects comprising some 2.7 GW of solar with 700 MW of paired storage, and 2.6 GW of standalone battery energy storage.
TotalEnergies, Casa dos Ventos to co-develop a 12-GW renewable energy portfolio
French oil supermajor company TotalEnergies has announced a joint venture with Brazilian renewables company Casa dos Ventos to establish a new 12-GW renewable energy portfolio in Brazil.
Maine regulators approve $3.9bn in renewable energy contracts
Electricity regulators in the New England state of Maine have approved contracts for a $1bn wind power project and a $2.9bn power line to serve the project.
Car giant GM on track to power all of its sites with renewables by 2025
Automotive company GM says that it will achieve its goal of securing enough renewable energy by 2025 to power all of its US facilities.
Iberdrola to increase Kitty Hawk offshore wind farm from 2.5 GW to 3.5 GW
Iberdrola Group has confirmed that it intends to up the capacity of its planned Kitty Hawk offshore wind project from 2.5 GW to 3.5 GW. The giant wind facility is to be located off North Carolina in the south-eastern US.
South Africa: conditions for Eskom’s debt transfer include bringing gas, nuclear power into energy mix, says finance minister
Kenya targets 100% renewable energy by 2030
Wave of PV projects in Romania spurred on by expected CfD scheme
Investors are accumulating portfolios of PV projects in Romania, encouraged by a contracts for difference scheme reportedly planned by the government.
North Macedonia’s PM says construction of ESM's 100 MW photovoltaic plant to start soon
Latvian-Estonian wind farm location confirmed
Germany to open Hydrogen Diplomacy Office in Kazakh capital
Ncondezi Energy's planned 300MW solar and battery storage project in Mozambique technically feasible, study says
Green energy arm of Israeli BIG Holding announces new projects in Bosnia and Romania
BIG Energia Holdings aims to become a leading renewable energy player in Eastern Europe and the Balkans.
Saudi reaffirms net-zero ambitions
Turkey's Cimtas Steel explores move into production of wind turbine towers in Uzbekistan
Erdogan unveils the Togg, first made-in-Turkey EV
Ahead of elections, president will hope to present car as a Turkish economic success story. But at roughly €50,000, it is unaffordable to most Turks.
Istanbul-listed Aydem buying back outstanding eurobonds due 2027
Verbio launches Indian biogas plant
Iran renewables capacity to exceed 1,000 MW by end of Persian year in March
Iran is claiming progress with its solar industry, reaching an estimated total of 1,000 MW in the next six months. Time will only tell whether the country, hit with massive protests and a crisis of legitimacy, will pull off this massive feat.
Kazakhstan: Oil-rich west to become green hydrogen hub
The plan is to turn waters from the Caspian Sea into clean hydrogen for export.
Climate window set to slam shut, warns Guterres
The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.
Ukraine war boosts green hydrogen to the tune of $73bn
The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.
Japan urged to raise carbon price to $30
Japan must rapidly raise its carbon price from $2.6 to $30 per tonne of CO2 if it is to prevent gas to coal switching and drive forward the clean energy transition.
South Africa: Heineken’s new solar plant to provide 30% of electricity demand for Sedibeng brewery
A new solar power plant at the South African arm of the Dutch multinational brewing company Heineken will supply 30% of a brewery's electricity demand, the brewer said on Wednesday, October 26.
Kazakhstan and Svevind Energy sign for $50bn hydrogen project
Carbon emissions to peak in “historic turning point” IEA says
Global carbon emissions will peak in 2025 as the world reaches a “historic turning point” and governments pour investment into renewables to counteract the energy crisis that has gripped the world this year.
Flattening the emissions curve: too slow, too late, say UN climate scientists
The combined climate pledges of 193 governments would limit global warming to 2.5°C by 2100, way above the Paris Agreement goals of 1.5°C.
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