REM - Renewable Energy
Installation vessel designed for floating offshore wind farms
Netherlands-based Damen has developed the FLOW-SV vessel concept to support large-scale floating wind farm installation projects.
European solar contract prices soared 60% in 2022
European solar power purchase agreement prices increased 11.4% in the fourth quarter of 2022 to €77 ($82) per MWh, according to LevelTen Energy’s new report.
TotalEnergies to divest 50% of its renewable portfolio to Crédit Agricole
TotalEnergies says it plans to divest 50% of its renewable projects portfolio to Crédit Agricole Assurances, an insurance arm of France’s Crédit Agricole.
HyCC signs contracts for green hydrogen project
Deutz Spain to install solar plant in Zafra, Spain
Vestas posts $1.7bn loss as Europe wind investments lag
Vestas, the world’s largest wind turbine manufacturer, has posted a massive net loss of $1.69bn for 2022. This compares with a net profit of $153mn in 2021.
Tokyo Gas mulls joint Fukushima offshore wind project
Tokyo Gas and Shinobuyama Fukushima Power Co are evaluating a floating wind power project off the coast of Fukushima. The Japanese companies announced the joint evaluation.
Enefit Green begins installation of Estonian hybrid park
The first wind turbine has been constructed in Estonia's inaugural wind and solar hybrid park in Purtse.
CIP, Amberside to deliver 2 GW of solar and battery storage in UK
Amberside Energy and Copenhagen Infrastructure Partners (CIP), on behalf of its flagship funds, will partner on developing 2 GW of solar and battery storage projects in the UK.
Acciona signs wind power agreement with Fortia
Madrid-based Acciona Energía has signed a power purchase agreement with Fortia Energía for the supply of all the energy generated by six wind farms over the next 10 years.
Mega offshore wind, hydrogen hub planned in Baltic
OX2, the Swedish renewables developer, and Finland’s Bank of Åland are studying the possibility of a “Mega Green Port” – or Mega Grön Hamn – for the large-scale production and distribution of hydrogen and e-fuel in Åland, off Finland.
An economic boom has occurred since US climate law passed
The US has added more than 100,000 new clean energy jobs since the Inflation Reduction Act (IRA) was passed in August, reports Climate Power. The legislation includes $369bn in funding to tackle climate change.
Two solar plants begin operation in El Salvador
Netherlands-based MPC Energy Solutions (MPCES) has announced the start of operations for its Santa Rosa and Villa Sol solar photovoltaic plants in El Salvador with a combined installed capacity of 21.3 MW.
Floating PV system could reduce water evaporation by 60%
Scientists from Brazil’s State University of Ponta Grossa and the US University of Louisiana have investigated the impact of floating solar photovoltaic energy on the rate of evaporation of water in reservoirs.
IKEA owner buys 15% stake in $1.4bn Australian wind farm
The owner of the IKEA stores, Ingka Group, has bought a 15% stake in a $1.4bn Australian wind farm. The balance of the project is owned by TagEnergy,
Denmark pauses open-door offshore wind permitting
The Danish Energy Agency has paused the country’s ‘open-door’ permitting scheme, which allowed large offshore wind projects to be built without a tender and without subsidies. The agency said the scheme may break EU law.
Chinese automaker Geely prepares to launch sales in Uzbekistan
Nairobi-listed Kenya Power to convert its 2,000 vehicles to electric over four years
Kazakhstan-backed Eurasian Resources Group to spend $1.8bn on doubling African copper and cobalt output
US Judge slaps GE with doubled royalty payment for offshore wind turbine
US Judge William Young has doubled to $60,000 per megawatt the royalty payment that GE must pay for installing its Haliade-X turbines in an offshore wind project off New Jersey.
Scoping work under way for new 1.32-GW offshore wind farm in North Sea
Equinor and SSE Renewables are carrying out early scoping work to explore options for developing a fourth phase, Dogger Bank D, of the world’s largest offshore wind farm
Ecopetrol to continue investing in oil and gas despite expanding focus on renewables
Colombia’s Ecopetrol will continue to invest in oil and gas exploration and development, even as it expands its operations in the area of low-carbon energy, CEO Felipe Bayon says.
Turkey’s Aselsan develops photovoltaic inverter
Asian offshore wind facing shipping crisis
Chinese battery maker looks to set $5bn GDR record
India to increase solar production capacity to 95 GW by 2025
CEE countries need to invest in more solar and wind to break their Russia energy dependence
The energy crisis in Central and Eastern Europe has lost some of its bite after a mild winter and record LNG imports led to a slump in natural gas prices. The EU has made good progress in replacing Russian energy supplies.
Latvia and Estonia collaborate to test potential of green hydrogen in transport sector
Swiss investor builds €20mn sunflower oil plant in Romania
IMC in Kyrgyzstan uranium dispute seeks $63mn in compensation
Bishkek based climate journalist reflects on what COP27 results could mean for Kyrgyzstan, Tajikistan
Oikocredit invests $5mn to support the development of solar energy in Africa
Oikocredit partners with Yellow, a leading distributor of pay-as-you-go solar home systems, and invests $5mn to boost solar energy development in Africa.
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