REM - Renewable Energy
Biden’s climate plans likely to face opposition
With results still coming in for the US midterm elections, much remains up in the air. But one thing is clear: the Republican rout that many expected was a red ripple not a red wave, say analysts. Republicans tend to be less friendly to clean energy.
REM: Germany plans 50 GW of offshore wind by 2035
Germany plans 50 GW of offshore wind by 2035
An agreement has been reached in Germany for a higher goal of 50 GW of offshore wind installations by 2035. The goal had been 40 GW.
Lithuania’s Energy Minister says country could serve as “gateway to Europe” for green hydrogen
Ørsted’s profit soars on farm-downs of two large offshore wind projects
Leading Danish energy firm Ørsted has raised its profit outlook for 2022 because power prices have been high, but the company posted third-quarter earnings below expectations due to lagging performance in its offshore wind unit.
Japan’s largest utility teams up with Scottish offshore wind company
A subsidiary of Tokyo Electric Power Company (TEPCO), Japan’s largest electricity utility, is for the first time venturing into overseas offshore floating wind markets.
DTE Energy to spend $9bn in 10 years on 5.4 GW of renewables, storage, coal-to-gas switch
US company DTE Energy plans to add some 4.4 GW of solar, 1 GW of wind and 750 MW of storage within 10 years. Along with switching most coal power-plant generation to natural gas, this plan will cost some $9bn.
Wind lease areas in Gulf of Mexico designated, could host 8.5 GW
The US Bureau of Ocean Energy Management has designated two offshore Wind Energy Areas in the Gulf of Mexico for development. The areas could be home to 8.5 GW of installed capacity.
British PM Rishi Sunak addresses COP27, touts renewable energy
As he headed to the COP27 summit in Egypt, the UK’s new prime minister, Rishi Sunak, declared that he wants to make the UK a “clean energy superpower.”
Namibia secures $544mn climate finance from European Investment Bank (EIB), Dutch government at COP27
COP27: African leaders ask developed nations to meet their $100bn pledge to help continent respond to climate change
UK commits to fast track $4.2bn of green investment in Kenya
PIDG's InfraCo Africa invests $15m to anchor guarantee company, facilitate UK-backed green projects in Kenya
EBRD releases $5.5mn to TAQA PV to develop 7 MWp solar private-to-private project in El Minya, Egypt
Efforts reportedly under way to persuade Turkmenistan, Azerbaijan to join pledge to cut methane emissions
ARTSolar, China's Talesun set up photovoltaic module production plant in South Africa
Another international partnership moves Chinese CCUS forward
South African real estate giant Redefine Properties' acquisition of Poland's EPP boosts revenues in FY to August 2022
Grand Egyptian Museum sets up own solar power plant
EU, Kazakhstan sign MoU on creating partnership to ensure sustainable raw material, green hydrogen supplies
Kuwait pledges to reach net zero
IFC may provide $83mn financing package to partially fund 500-MW wind farm in Ras Ghareb, Egypt
New rules to give Turkey potential to attract energy storage investments of $20-25bn says regulatory chief
South Africa’s Cyril Ramaphosa presents 'Just Energy Transition Investment Plan' ahead of COP27 climate talks
World Bank approves $497mn loan to covert South Africa coal-fired plant to renewable energy
No fairness but some hope at COP27
COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.
Denbury to provide CO2 transport, sequestration in blue methanol project in Louisiana
Denbury Carbon Solutions has executed a definitive agreement with Lake Charles Methanol (LCM) to provide CO2 transportation and sequestration for LCM’s planned blue methanol project near Lake Charles, Louisiana.
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