REM - Renewable Energy
BP launches hydrogen cluster in Valencia region
BP has launched the HyVal project at its Castellón refinery in Valencia, Spain. It is a public-private partnership led by BP that aims to build up to 2 GW of electrolysis capacity by 2030 for making green hydrogen at BP’s refinery.
Lightsource bp orders 4 GW of First Solar modules
Lightsource bp has ordered 4 GW of advanced thin-film solar modules from First Solar for US projects.
Galileo, Hope eye 1.1-GW floating wind farm off southern Italy
Galileo and Hope Group have launched Barium Bay, a 1.1-GW floating wind farm planned for the Adriatic Sea off Barletta in southern Italy. The newly formed joint venture behind the project is also called Barium Bay.
American Indians call for halt in US offshore wind
The largest national organisation of American Indians is demanding that the administration of President Joe Biden issue a moratorium on offshore wind projects.
Germany launches tender for 1.8 GW in offshore wind with ‘negative’ bidding
Germany has launched a new tender for 1.8 GW of offshore wind in four sites in the North Sea. In January, Germany unveiled 7 GW for sites in an offshore wind tender.
AES proposes $800mn hybrid project in northern Chile
AES, the global energy firm, has submitted an environmental impact assessment for a hybrid renewables plant in northern Chile with more than 3 GWh of battery energy storage capacity, according to Energy Storage News.
Invenergy consortium to buy $1.5bn US renewables portfolio from AEP
A partnership between leading US developer Invenergy, CDPQ and funds managed by investor Blackstone Infrastructure has agreed to buy the unregulated $1.5bn renewables portfolio from American Electric Power.
US is developing enough wind, solar to reach net-zero target in 2050
A new report by Climate Central finds that America’s capacity to generate carbon-free energy from solar and wind power grew dramatically during 2022.
Silicon Ranch commits to 1.5 GW of First Solar’s thin-film modules
Silicon Ranch has procured another 1.5 GW of advanced American thin film solar modules from US-based First Solar.
DNV: floating offshore wind ‘set for commercialisation’
DNV reports that most offshore wind stakeholders believe that floating offshore wind will attain full commercialisation by 2035 without the need for subsidies. The proportion of respondents who were that optimistic was 60%.
Poland's Orlen to spend $26.5bn on green projects
Poland-based Orlen is to spend €25bn on green projects as part of its 2030 strategy. This would represent about 40% of its capital expenditure.
Essar unveils energy transition investment plans
India’s Essar Group has created a new division to focus on the energy transition, with projects in the UK set to play a leading role. The programme will entail a $2.4bn investment in the UK and a $1.2bn investment in India.
BlueFloat Energy announces 1.7-GW floating wind farm off Australia
The Eastern Rise Offshore Wind Project would be in the Pacific Ocean off Hunter region of New South Wales. The zone was announced recently by Australia’s Minister for Climate Change and Energy, Chris Bowen.
Vietnam ponders move back towards nuclear power
Vietnam’s Atomic Energy Institute (VINATOM) will this year make moves towards continuing previously abandoned research on the use of nuclear power in the country.
Massive investment needed in India’s battery tech
India’s Council on Energy, Environment and Water (CEEW) has released a study titled ‘How can India indigenise lithium-ion battery manufacturing?’
Denmark’s Crown Prince visits India to discuss renewables
Denmark’s king in waiting, Crown Prince Frederik Andre Henrik Christian, and his wife, Crown Princess Mary Elizabeth, have just completed a busy 5-day visit to the state of Tamil Nadu in south-east India.
Sri Lanka okays $442mn Adani Group wind projects
Sri Lanka’s Investment Board has approved two wind projects at a cost of $442 mn by Adani Green Energy, part of the multinational conglomerate Adani Group.
Chinese miner Sinomine almost doubles lithium output at Zimbabwean mine to 60,000t/y
Zimbabwe's Power Ventures installs 9,000 solar panels in first phase of 100MW project
Lithuania to hold tender for 700-MW offshore wind farm
Lithuania's Ministry of Energy is set to announce a tender for a 700-MW offshore wind farm in the Baltic Sea.
Petrobras sets record for CCUS gas re-injection in 2022
Brazil’s Petrobras set a record in carbon dioxide capture, use and geological storage in 2022, reaching a volume of 10.6mn tonnes per year re-injected, equivalent to 5.8bn cubic metres of CO2.
Nexans awarded landmark wave energy contract in US
Nexans has been awarded the contract for PacWave South, the US’s first grid-connected wave energy test facility.
New French fund to develop $92.5mn solar in Africa
French fund manager RGREEN INVEST and investment advisor ECHOSYS INVEST have closed their new fund, the AFRIGREEN Debt Impact Fund, raising €87.5mn ($92.5mn), which will be used to finance on-and off-grid solar power plants.
Masdar invests in Indonesian geothermal company
Masdar, a leading global clean energy company, is making a strategic investment in Indonesia-based Pertamina Geothermal Energy (PGE), a major player in the geothermal energy sector.
Sungrow offers PV, energy storage solutions to help ease power generation crisis in South Africa
South Africa is rich in renewable energy resources owing to its abundant sunshine, strong winds and wave energy. However, Africa’s most advanced economy has been experiencing its worst energy crisis in years.
Five turbines erected at Estonia’s Enefit Green's new wind farm
Egyptian public sector companies and Norway’s Scatec sign deal to invest in green ammonia production
Two Egyptian public sector companies, Egyptian Petrochemicals Holding Co. (ECHEM) and Misr Fertilizers Production Co. (MOPCO), have agreed with Norway’s Scatec to invest in a new domestic green ammonia production facility using green hydrogen.
Temarise acquires 80% of Parabellum's Mongolia Khotgor rare earths project for $15mn
First ever offshore wind sale proposed in US Gulf of Mexico
The US Department of the Interior today is proposing the first-ever offshore wind lease sale in the Gulf of Mexico.
Spain's Aquila Clean Energy to erect wind farms in Lithuania
Wind, solar slash gas costs in EU by $12.7bn since Russia invaded Ukraine
The growth of wind and solar power has helped to cut natural gas costs by €12bn ($12.7bn) in the EU since Russia invaded Ukraine just over a year ago.
Global offshore wind growth boosted by China
China emerged as the key driver of growth in offshore wind in 2022, installing 6.8 GW of new offshore wind capacity in 2022. More than 70% of new global offshore wind capacity in 2022 was added in China.
Polenergia to raise up to PLN750mn for investment
ING: Green sovereign bond sales stabilise and so does the greenium.
The euro sovereign and supranational, sub-sovereign and agency (SSA) green bond market is maturing after a turbulent 2022. Supply levels have stabilised and there are signs that it is finally matching demand.
Swiss impact investor responsAbility commits $10mn for South Africa solar energy projects
AfricaGoGreen secures $47mn to support tech-focused green projects
South Africa's mining industry group welcomes 125% tax breaks for private sector renewable energy investments
Ford, Koc, LG Energy Solution sign MoU for EV battery cell production JV in Turkey
Enterprise to help deliver on commitment to produce batteries in the same region where the auto giant produces electric vehicles.
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