REM - Renewable Energy
Pace, scale of climate change action has been insufficient – IPCC
The pace and scale of what has been done so far to combat climate change, and current plans, are insufficient to tackle the problem, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report.
Japan's JERA to acquire Belgium’s largest offshore wind company for $1.7bn
JERA will buy Parkwind, Belgium's largest offshore wind platform, for $1.7bn to expand its renewable power.
GreenIT, CIP to develop 2 GW of offshore wind farms off Italy
GreenIT, the Italian renewable energy joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) have agreed to develop three floating offshore wind projects in Latium and Sardinia.
Lithuanian Ignitis mulls huge investments in Latvian energy sector
The Lithuanian state energy company Ignitis Group has unveiled ambitious investment plans in Latvia. In the coming years, it plans to invest at least €700mn in solar and wind energy production.
Croatia to tender five new geothermal blocks
SEG Solar completes $60mn purchase of 2-GW PV module plant in US
SEG Solar has closed on the acquisition of a manufacturing facility in Houston, Texas, USA, capable of producing more than 2 GW of photovoltaic modules yearly.
US firm Astra Energy secures land for 50-MW renewable power plant in Zanzibar
US firm Astra Energy is set to invest in a clean and renewable power plant in Zanzibar with a capacity to generate 50 MW after securing land from the Tanzanian archipelago’s government.
CEZ achieves record net income of CZK80.7bn in 2022
Czech power group, which is 70% state-owned, said it could issue a record dividend of up to CZK117 a share.
Romania's Hidroelectrica signs joint venture with Masdar for offshore renewables
Romania's largest energy producer, Hidroelectrica, has signed a joint venture agreement with Masdar, a leading renewable energy project developer and operator in the UAE.
Talks continue on major deal as Iraq sticks with OPEC+ quota
Talks between Baghdad and French firm TotalEnergies are yet to find a resolution to sticking points that threatened to scupper the delayed $27bn deal.
South Africa's first utility scale wind farm project, Msenge Emoyeni, attains financial close
Netherlands selects site for world’s largest offshore hydrogen project
The Dutch government has chosen an area for the world's largest offshore hydrogen project. The facility would be is located in Ten noorden van de Waddeneilanden.
Kenya’s surge in wind, solar power generation staves off electricity shortage in time of drought
Indonesia agrees deal with US to develop nuclear power
Jakarta this week confirmed an agreement at the US Embassy in the Indonesian capital, putting in place a deal whereby US know-how would help to deploy a number of small modular reactors (SMR) around the Southeast Asian nation.
Malaysia powered by 25% renewable energy
Malaysia’s Natural Resources, Environment and Climate Change Minister has declared his nation is on track to meet its 2025 renewables targets, with the national grid already sourcing 25% of all electricity supplies from green energy.
The Netherlands looks East for Asian battery-tech tie-up
The Netherlands’ Liesje Schreinemacher, the current Foreign Trade and Development Cooperation Minister in The Hague, has announced plans to forge links to existing battery-tech and hydrogen projects in Japan and South Korea.
Tunisia, Austria expand their green hydrogen collaboration, UNIDO reports
Tunisia and Austria advance their collaboration in hydrogen in an event cooperated by the Austrian Ministry of Climate Action (BMK) and the United Nations Industrial Development Organisation (UNIDO).
EU Green Industry Plan falls short for now – WindEurope
On March 16, the European Commission unveiled the Green Deal Industrial Plan. But the plan falls short in supporting Europe's wind supply chain and achieving energy security and climate targets, said WindEurope, the trade group.
IFC invests Mongolia’s first ever green bond in a bid to spur climate-smart investments
Slovenia’s HSE plans major investments in renewables
Nuclear power could be classed as “environmentally sustainable” in UK
Nuclear power could be reclassified as “environmentally sustainable” in the UK so it can potentially receive the same investment incentives as renewable energy, the Chancellor of the Exchequer has said.
Ørsted says 2.8-GW Hornsea 3 offshore wind farm “at risk”
Danish developer Ørsted describes the UK government’s Spring Budget as “disappointing” and says its giant Hornsea 3 project off the east coast of England is “at risk” unless the government offers tax breaks.
Siemens Gamesa “hibernates” Brazil wind turbine manufacturing plant
Siemens Gamesa is to “temporarily hibernate” a plant for making wind turbine nacelles in Camacari in Brazil.
Biomass power generation exceeds natural gas in Brazil
According to a report by Brazil’s Union of the Sugarcane and Bioenergy Industry (UNICA), in 2022, electricity production from various biomasses exceeded that from natural gas.
42% of Ireland’s electricity in February came from wind
Irish wind farms provided 42% of the country’s electricity, slightly more than in January but down on the record-breaking performance in February 2022, said Wind Energy Ireland.
EIA projects US energy-related CO2 emissions to drop 25-38% by 2050
The US Energy Information Administration projects that increased electrification, higher equipment efficiencies and more zero-carbon power sources will reduce US energy-related CO2 emissions out to 2050.
Lithuania expected to announce tender for offshore wind on March 30
Lithuania is expected to announce an auction for offshore wind in the Baltic Sea on March 30.
Entergy proposes 3 GW of solar in US
The US utility Entergy has filed a request with the Louisiana Public Service Commission to add an additional 3 GW of solar power to its generation portfolio.
Taiwan blackouts loom as another NPP goes offline
Taiwan took a significant step closer to going fully non-nuclear last week when Unit 2 of the nation’s Kuosheng Nuclear Power Plant in the north of the country, not far from Taipei, was reported as having been safely shut down.
Wind power generation projects bring improved energy security, create job opportunities in Africa
Wind energy generation is becoming increasingly popular in many parts of Africa owing to the continent's abundant wind resources and the need to diversify energy sources to reduce dependence on fossil fuels.
South Africa-based Africa Data Centres to run on solar energy after clinching 12MW deal
Fortescue to develop 300-MW green ammonia and fertiliser factory in Kenya
Kenya and Australia-based Fortescue Future Industries have agreed to develop a 300-MW green ammonia and fertiliser factory using a rich geothermal field near the Rift Valley town of Naivasha, where several industrial parks are planned.
EBRD is providing $80mn equity bridge loan to Egypt Green Hydrogen to build 100-MW electrolyser facility
The European Bank for Reconstruction and Development (EBRD) is providing up to $80mn for an equity bridge loan to Egypt Green Hydrogen, the developer and operator of Egypt’s first green hydrogen production facility.
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