REM - Renewable Energy
REM: COP27: Biden presents US as climate leader, blasts Putin’s "weaponisation" of fossil fuels
COP27: Biden presents US as climate leader, blasts Putin’s "weaponisation" of fossil fuels
US President Joe Biden spoke at COP27 in Egypt, hailing the US as a climate leader meanwhile criticising Russian President Vladimir Putin weaponisation of oil and gas.
California regulators recommend slashing income for rooftop solar
In a controversial proposal, California regulators are proposing that the state cut the ‘net metering’ income that those with excess rooftop solar power get when they sell to their local utility.
Wind turbine maker Siemens Gamesa records huge loss in fiscal year
The world’s third largest wind turbine maker Siemens Gamesa reported a net loss of €940mn ($973mn) in the 2022 fiscal year ended September 30.
US seizes $100,000mn-plus of Chinese solar components over slave labour concerns
More than 1,000 shipments of Chinese solar energy components worth hundreds of millions of dollars have piled up at US borders since mid-year under a new law banning imports from Xinjiang region over slave labour concerns, according to Reuters.
Mexico ups emissions goal, plans to double renewables
Mexico, the American continent’s third-largest emitter of CO2, plans to double its renewable energy capacity by the end of the decade. The added renewable capacity would be 30 GW by 2030, said the Foreign Ministry.
Indonesia seeks fair transition to renewables
Avangrid: there is a “path forward” for struggling 1.2-GW planned Commonwealth wind project
Avangrid says there is a “path forward” for its 1.2-GW Commonwealth Wind project off Massachusetts.
RWE wins tender for subsidy-free 700-MW Hollandse Kust West 7 offshore wind site
Germany-based utility RWE has secured the final tender for a 700-MW portion of the Hollandse Kust West 7 offshore wind site in the Dutch North Sea.
Nigeria approves framework for $3bn hydropower plant in Makurdi
IAEA report at COP27 reveals how nuclear can mitigate climate change in Africa
The International Atomic Energy Agency has released a new report on Nuclear Technologies and Climate Adaptation in Africa during the last COP27, demonstrating how these technologies are already widely used to build agricultural resilience.
EBRD provides $80mn loan to Egypt Green to develop country’s first green hydrogen facility
TotalEnergies, ConocoPhillips complete joint acquisition of Hess’ share in Waha concessions in Libya
TotalEnergies (France) and ConocoPhillips (US) have completed the joint acquisition of an 8.16% equity stake in the Waha concessions in Libya from the US independent company Hess.
Report – most nations behind on offshore wind goals
A new report from Renewables Consulting Group (RCG) find that of the 15 countries with specified offshore wind goals for 2030, 80% will miss the mark. The report was released at COP27 in Sharm El-Sheikh, Egypt.
Alfa Solar sells 20% stake via IPO at Borsa Istanbul for TRY538mn
World population hits 8bn. Where do we go from here?
Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.
Dutch pension fund ABP to bid for 4 GW of offshore wind sites
The Dutch pension fund ABP has created a partnership called Noordzeker to invest in gigawatt-scale offshore wind energy in the North Sea. The consortium will initially bid on four 1-GW wind energy areas.
Benin to get large-scale, off-grid power project with Millennium Challenge Corporation backing
Slovakia's InoBat plans electric vehicle battery factory in Serbia
New gigafactory to help to meet the growing demand for electric car batteries in Europe.
Major Zimbabwean gold mine Blanket switches on 12MW solar power facility
Caledonia Mining Corporation (Caledonia) has switched on a 12.2MW solar power plant at its 64% owned gold mine Blanket in southwestern Zimbabwe, it has announced.
Interest in renewable subsidies soars in Czechia
Tunisia’s first floating solar station is operating
The first floating solar power plant in Tunisia, developed by Qair, is finally operating on a lake next to Tunis industrial park.
Turkish court scraps geothermal licences after locals warn of contamination risks to water reservoirs
South Africa’s electricity supply woes will take years to fix, top renewable power company says
US, Germany pledge to inject more than $250mn in support of Egypt’s green energy transition
Belgium funds solar energy facility in Morocco’s Noor Ouarzazate
Africa could produce 10% of green hydrogen market by 2050 - report
Africa has the potential to satisfy up to 10% of the global green hydrogen market by 2050, according to a new report jointly published by renewable energy company Masdar and its Abu Dhabi Sustainability Week (ADSW) platform on the sidelines of the CO
Equinor to double renewables investments this year
Uberwealthy are the worst climate criminals
The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.
Scientists conclude ‘Third Pole’ permafrost thaw threatens Tajiks, Kyrgyz living on plateau
Research indicates that a fifth of buildings plus 40% of railways and roads on endangered parts of Himalayan Qinhai-Tibet Plateau are in trouble, driven by climate change.
Iran’s NIOC ranked leakiest methane emitter on planet
Russia-Ukraine conflict brings African gas into focus at COP27
Europe’s urgent need for fuel has made African gas a key topic of discussion, even as some observers push African countries to ignore gas completely in favour of renewables.
REPowerEU rules still leave loopholes for gas investment
The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed
Gas has potential to derail COP27’s green ambitions
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
Mongolia bets on shipping more coal to China ahead of full switch to renewables age
Slovenia to quit Energy Charter Treaty as it pursues green transition
Ljubljana says "outdated" treaty impedes its climate goals as it follows several fellow EU members in announcing decision to quit.
Colombian leader urges rapid exit from fossil fuel-driven economy
Petro has issued a call for a politically driven, public-sector energy transition, but his words are not likely to have much short-term impact in Colombia.
EU taps Kazakhstan for rare earths, green hydrogen
Kazakhstan is itching to get its lithium out of the ground.
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