REM - Renewable Energy
Climate and renewables in good shape following US midterms
Just over two weeks after the US election day, it appears that climate and clean-energy policy remain in good shape. The country’s new divided government will not undo the recent gains that the sectors have seen in terms of federal policy.
Shell and partners withdraw from demonstration floating wind project off France over cost concerns
Oil supermajor Shell and Banque des Territoires Caisse des dépôts and China Nuclear Power have withdrawn from the Groix and Belle-Île floating demonstration wind project, to be sited off Brittany in north-west France.
REM: US solar module maker First Solar to supply 4.9 GW to Intersect Power
US solar firm First Solar has agreed to supply an additional 4.9 GW DC of its thin-film photovoltaic (PV) modules to Intersect Power.
US solar module maker First Solar to supply 4.9 GW to Intersect Power
US solar firm First Solar has agreed to supply an additional 4.9 GW DC of its thin-film photovoltaic (PV) modules to Intersect Power.
Solar PV to overtake onshore wind for cost-competitiveness in Latin America from 2023
Solar photovoltaics will become the most cost-competitive generation technology in Latin America from 2023 to 2050, according to Wood Mackenzie’s latest research report.
NY regulators OK 924-GW offshore wind transmission line
The New York State Public Service Commission has approved a transmission line for the 924-MW Sunrise offshore wind farm, said Governor Kathy Hochul.
US, China are most attractive nations for renewable energy investment: EY
The US and China are this year topping Ernst & Young’s new biannual Renewable Energy Country Attractiveness Index.
UK imposes 45% windfall profit tax on wind, solar power producers
The UK has hit renewable energy producers with a 45% windfall profit tax when profits seem excessive to help offset a cost-of-living crisis exacerbated by spiralling energy prices.
COP27: “Loss and damage” fund to be created, but no phase-out of fossil fuels
In a historic step at COP27, negotiators from nearly 200 countries at the UN summit in Egypt agreed to establish a “loss and damage” fund to help developing countries cope with climate mitigation.
ING: Euro sustainable bond supply set to stagnate in 2023
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
Europe’s largest battery energy storage system comes online
A UK developer has successfully energised Europe’s largest battery energy storage system near where the Dogger Bank offshore wind farm is currently being built.
AIM-listed Kibo Energy renews MoU with Tanzania utility to develop Mbeya power project
AIM-traded Premier African Minerals urges EU to lift sanctions on Zimbabwe, invest in country's lithium sector
AIM-listed transitional energy investor Chariot forges partnership to trade electricity in South Africa
Lekela Power to invest $2bn in Egyptian renewable power generation
China, US lock horns over climate commitments
EU to allocate $716mn to support green transition and digital connectivity in Central Asia
Extensive land degradation recorded in Central Asia
Bulgarian PV equipment company AmonRa Energy to hold IPO
AmonRa wants to raise funds to finance its expansion in Romania and in other Southeast European countries.
Zimbabwe drafts electric vehicle adoption policy, sets goal of 33% penetration rate by 2030
African Development Bank (AfDB) invests $20mn in Evolution Fund III targeting renewable energy projects
Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
COP27: Coal proves a stubborn foe in fight to save climate
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
COP27: Africa lobbies to retain gas use despite pollution dangers
African nations are lobbying to be allowed to use their natural gas reserves to lift up to 600mn people out of energy poverty and to connect them to modern electricity supplies.
GHG emissions cap for Canada’s oil and gas by end of 2023, says minister
National regulations will be completed in 2023 for a cap on greenhouse gas emissions from the Canadian oil and gas sector, said Environment Minister Steven Guilbeault in an interview with Canadian Press at COP27, the UN climate summit in Egypt.
COP27 warns business cannot be trusted to police greenwashing
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
No sign of several major gas producers joining global pledge to slash methane emissions
India set for 3.6 GW of green open access capacity in 2023
India could add a record 3.6 GW of open access renewable capacity in 2023 as industrial consumers look to lower electricity costs and meet sustainability goals.
Renewable energy investments at record low in Africa despite positive global trend, BNEF report shows
Investment in renewable energy in Africa plummeted to the lowest level recorded in the last decade, despite a global upward trend and the continent's abundant natural potential, according to a report released by the research group BloombergNEF.
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