REM - Renewable Energy
Investors assume control over biofuel refinery project
Nigeria’s Kebbi State has handed over control of a recently completed ethanol-based biofuel refinery to a group of companies following the recent completion of construction.
Petrobras, Equinor to evaluate 14.5 GW of offshore wind off Brazil
Brazil’s Petrobras and Norway’s Equinor have inked a letter of intent to assess the economic, technical and environmental feasibility of 14.5 GW of offshore wind projects off Brazil.
Vattenfall may develop 2.6-GW wind farm in Sweden’s Arctic Circle
Swedish utility Vattenfall is mulling increasing its Storlandet wind farm in northern Sweden from 550 MW to 2.6 GW.
New Jersey opens third offshore wind tender of 4 GW
The US state of New Jersey has opened a tender of up to 4 GW of offshore wind. The deadline for bids is June 23. Winners are expected to be announced in December.
Germany’s RWE buys US-based Con Edison Clean Energy for $6.8bn
RWE has purchased US-based Con Energy Clean Energy for $6.8bn from Consolidated Edison.
First new nuclear plant in US in three decades starts splitting atoms
The Vogtle Unit 3 in the state of Georgia in the US has started splitting atoms. This was announced by Georgia Power, Southern Nuclear, and Westinghouse Electric Co.
Clean energy transition now “cemented” into US economy
The US economy is now firmly on the clean energy transition path despite a tumultuous year in 2022. This is according to the 2023 Sustainable Energy in America Factbook published by BloombergNEF and the Business Council for Sustainable Energy.
Portugal’s EDP to invest $27bn in more renewables
Portugal’s largest utility EDP, or Energias de Portugal, will invest $27bn to nearly double its renewable capacity to 33 GW by 2026.
Sami, Greta Thunberg end protests against Norwegian wind turbines
A group of Indigenous and environmental activists, which included Swedish climate activist Greta Thunberg, concluded a nine-day protest again wind turbines in central Norway by blocking the main road to Norway's royal palace in Oslo.
Flotation, Vårgrønn advance 1.4-GW floating offshore wind project off Scotland
Vårgrønn and partner Flotation Energy have submitted a scoping report for the 1.4-GW Cenos floating offshore wind farm off Scotland.
Thailand’s Gulf Energy invests $109.1mn in UK offshore wind farm
Gulf Energy Development, Thailand's largest electricity producer by market value, has invested in a 1.5-GW wind farm off the UK, reports the Bangkok Post. The newspaper cited a filing to the Stock Exchange of Thailand.
Belgian joint venture to build world’s first energy island
A Belgian consortium consisting of TM EDISON, DEME and Jan De Nul has been awarded the contract to build the world's first artificial energy island, the Princess Elisabeth Island.
Permitting remains primary bottleneck for Europe’s wind projects
Permitting is still the main bottleneck for Europe’s wind power development, says the industry’s main European trade group.
German investor to build €1bn PV panel factory in Romania
AE Solar’s factory to meet one-third of the EU market’s demand when it reaches full capacity as Europe seeks to reduce dependence on solar panel imports.
Red Sea Wind Energy partners secure $501mn loan to build 500-MW wind farm on Gulf of Suez
Red Sea Wind Energy, a JV of Japan’s Toyota Tsusho and its subsidiary Eurus Energy, France’s Engie and Egypt’s Orascom Construction, obtained a $501mn loan from a multinational banking consortium to build a 500-MW wind farm on the Gulf of Suez.
Lithium-ion batteries the future, but issues remain
With electric batteries increasingly important in reducing fossil fuel dependence and in mitigating the impact of climate change, there are still some challenges that need to be addressed regarding efficiency and sustainability of new technologies.
Canadian firm picks Chinese city as regional hydrogen hub
The Chinese city of Changzhou, around 100 km west of Shanghai, has agreed a deal with Canadian firm Westport Fuel Systems (WFS) to build a new production and innovation centre for hydrogen in the aptly named Changzhou Hydrogen Valley.
Reliance, Adani to build 25 GW of green energy in India
Reliance Industries is planning to add 10 GW of solar and Adani Ports is planning 15 GW of renewables in Andhra Pradesh in southern India, reports Bloomberg.
$692mn ADB loan secured to finance SE Asia’s largest wind farm
Impact Electrons Siam, a Thailand-based renewable energy company, has secured a $692mn loan agreement with the Asian Development Bank (ADB) to finance the Monsoon wind power project in Laos, according to media reports.
CIP, Viviid to co-develop 1.8 GW of renewables in India
Copenhagen Infrastructure Partners (CIP) has formed a partnership with Viviid Renewables, an Indian developer, to create more than 1.8 GW of greenfield renewable energy projects in India.
Lithium mining crackdown to hurt global battery supply
An investigation into illegal mining in Yichun, China's lithium hub, is expected to have an impact on global supply of the battery raw material by 13% this month, according to analysts.
Malaysian backed transmission line to benefit Cambodia
Leader Energy, a Malaysian firm, is working to support Cambodia's transition to cleaner energy by installing a new transmission line that will serves as a backbone of Cambodia's energy structure in the years to come.
Aussie rooftop solar to top power source rankings
Seen as an indication that fossil fuel use is declining across Australia, a new SunWiz report points to more than 20 GW of small-scale, primarily rooftop cells having been installed nationwide in recent years.
Rise in global CO2 emissions mostly offset by clean energy growth
According to the latest report from the International Energy Agency, CO2 Emissions in 2022, global energy-related carbon dioxide emissions rose by less than 1% in 2022.
Laos wind programme to sell power to Vietnam
A Laos-based backer of a prominent local wind power project, the Monsoon Wind Power Company, has agreed to a large-scale financing package with the Asian Development Bank to build a 600-MW wind plant in the Lao People’s Democratic Republic.
Japan pledges financial, tech support for ASEAN decarbonisation
Japan has pledged financial and technical support to other ASEAN nations as the region begins to shift away from fossil fuels and transition to cleaner energies.
Climate-focused GCA announces €250K contribution to bolster Ghana’s renewable energy investment drive
ACWA Power agrees to construct 1-GW wind and battery storage project in Kazakhstan
ACWA Power, an energy company based in Saudi Arabia, has agreed to construct a 1-GW wind and battery storage project in Kazakhstan. The project was agreed upon with the government of Kazakhstan and the country's sovereign wealth fund, Samruk-Kazyna.
Turkey imposes 40% additional tariff on Chinese EVs
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
88 new photovoltaic power plants get licences in North Macedonia in first two months of 2023
Seabirds avoid offshore wind turbine blades, according to industry study
A new study by Swedish energy giant Vattenfall has found that seabirds intentionally avoid wind turbine rotors offshore.
Transition year, then profitability for Europe’s wind turbine manufacturers – Moody’s
Moody’s says that 2923 will be a “transition year” for Europe’s wind turbine manufacturers. But credit metrics will “improve materially” in 2024, said the ratings agency in a new note.
Kenya’s KenGen, National Oil partner to develop electric vehicle charging hubs
Kenya’s two majority state-owned bodies, electricity generator KenGen and oil retailer National Oil have partnered to develop charging hubs for electric vehicles as demand for charging services rises,
Iberdrola, BP to invest $1.07bn in EV charging in Spain and Portugal
Spanish renewables giant Iberdrola and oil supermajor BP are to invest EUR 1bn ($1.07bn) in electric vehicle charging in Spain and Portugal.
Lightsource bp to invest $1.28bn in solar projects in Spain
Lightsource bp has received environmental approval for 19 photovoltaic solar energy projects in Spain.
Spain maps out first offshore wind farms
The Spanish government has approved the first boundaries of offshore wind farms.
South Korea scores major nuclear win in Europe
A nuclear reactor designed by Korea Hydro & Nuclear Power (KHNP) has been given a formal thumbs up by a European nuclear body charged with advising utilities across Europe on nuclear safety issues.
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