REM - Renewable Energy
Data, paper trails said to indicate laundered Russian wood pellets flowing to EU via Turkey, Kazakhstan and Kyrgyzstan
Renewable energy was a hot topic in Davos but for Europe, much work remains
‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.
US offshore wind supply chain needs $22.4bn of investment by 2030
As much as $22.4bn must be invested in the US offshore wind supply chain to meet President Joe Biden’s goal of 30 GW of offshore wind by 2030, says a new report.
Portugal to map offshore wind zones
Portugal will start public hearings this week to help decide on offshore wind zones. The government will hold its first offshore wind auction in the fourth quarter of 2023.
GE renewables unit posts $2.2bn loss in 2022
GE, the US conglomerate, has reported a loss in its renewables unit of more than $2.2 bn in 2022. It cited warranty losses and inflation. For 2021, GE Renewable Energy had posted a loss of $795 mn.
Utility PSEG to exit 1.1-GW Ocean Wind 1 project off New Jersey
US utility Public Service Enterprise Group (PSEG) has agreed to sell Ørsted its 25% equity stake in the Ocean Wind 1 offshore wind energy project.
Germany unveils 30 GW by 2030 offshore wind blueprint
Germany has drafted new development plans for offshore wind turbine sites to reach 30 GW of installed wind power capacity by 2030, according to a final plan released by the Federal Maritime and Hydrographic Agency (BSH).
Wind turbine maker Siemens Gamesa posts large Q1 loss
Product failures at Siemens Gamesa Renewable Energy (SGRE) have prompted the renewable energy giant to post a loss of €760mn ($826mn) in the first quarter of the 2023 financial year. The quarter ran from October 1 to December 21, 2022.
Ørsted writes down US offshore wind farm by $366mn amidst sector woes
Danish wind developer Ørsted has written down the Sunrise project off the US East Coast by DKK2.5bn ($366mn), a reflection of headwinds in the sector as inflation and supply chain costs rise.
UK’s Crown Estate signs six leases for 8 GW of offshore wind projects, enough to power 7mn homes
The UK’s Crown Estate has signed six leases around the coastlines of England and Wales for 8 GW in offshore wind projects.
REM: UK’s Crown Estate signs six leases for 8 GW of offshore wind projects, enough to power 7mn homes
Hexicon granted permits to connect 7.1-GW floating wind generation to Italy’s grid
Six of Hexicon’s floating wind power projects have been allowed to connect to Italy’s national grid, says Sweden-based Hexicon. The wind projects amount to 7.1 GW in installed capacity. The Italian transmission system operator is Terna SpA.
Micro-hydro significant contributor as Uzbekistan’s hydropower capacity exceeds 2,000 MW
India renewable policy raises questions
EBRD facilitates loans to Egyptian industrial companies pursuing bankable green economy projects
Kenyan startup BasiGo partners with AVA to assemble 1,000 electric buses over next 3 years
Serbia’s EPS plans to boost investment in renewables
Netherland’s Longship orders four ‘ultra-low-emission’ general cargo vessels from Turkey’s Atlas Shipyard
South Africa's coal-dependent chemicals producer Sasol signs three agreements to procure wind energy
Davos climate change debates hindered by lack of Russian, Chinese delegates
The World Economic Forum in Davos, Switzerland, was held in person this year for the first time since the start of the COVID-19 pandemic. The theme of the meeting was “co-operation in a fragmented world," but Russia and China were a no show.
African continent is a hub for many solar opportunities
Kazatomprom subsidiaries receive extensions on uranium mining contracts, subsoil rights
Dual-listed Castillo Copper works to secure an investor or sale of copper assets in Zambia
Taiwan’s Hai Long wind farm faces financial woes
Heavy rain worsens floods in Albania
Battery swap tech increases across Asia
Bangladesh announces 2041 green goals
UAE to aid Zambian solar
Mongolia’s December coal exports shoot up 851% y/y
Slovenia ranks 4th in EU for renewable transport
Slovenia's share of renewable sources in transport was the highest in Central and Southeast Europe in 2021.
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