REM - Renewable Energy
Nine European nations pledge increased offshore wind – but can they meet the target?
The North Sea is set to become Europe’s largest green power plant, as nine countries in Europe have pledged to increase the capacity of offshore wind farms by eight times their current level before 2050.
Ørsted, Acciona to explore floating wind turbine foundations
Denmark’s Ørsted has signed a memorandum of understanding with the infrastructure division of Acciona of Spain to explore options for floating offshore wind foundations.
Ocean Winds project off Scotland reaches $2.5bn financial close
Ocean Winds has clinched GBP2bn ($2.5bn) of non-recourse project finance and reached financial close on the 882-MW Moray West offshore wind project off Scotland.
“Staggering” volume of US green energy build projected by 2030
A “staggering” 600 GW of clean-energy build is projected to be built in the US by 2030, according to BloombergNEF forecasts.
GE posts heavy renewables losses
In the first quarter, GE Renewable Energy reported a loss of $400mn, but there were signs of progress with aggressive cost control, better pricing and the US climate law, the Inflation Reduction Act (IRA).
Google, EDP Renewables sign framework for 500 MW of US distributed solar
Google and a unit of EDP Renewables (EDPR) have signed a framework agreement targeting the development and installation of more than 80 distributed solar photovoltaics projects with around 650 MWp (500 MWac).
Automaker Stellantis tests synthetic e-fuels
Stellantis, the parent company of auto brands such as Jeep, Opel, Peugeot and Fiat, is currently experimenting with synthetic e-fuels that are produced using renewable energy sources.
Molybdenum disulphide proposed as new material for solar cells
Researchers at Colorado State University (CSU) in the US have proposed making thin-film solar cells using molybdenum disulphide, a material which is widely available. Currently most solar panels are made from silicon.
French offshore wind sector launches France Offshore Renewables
France Offshore Renewables has been set up as an initiative of six French business groups and clusters to promote the French offshore wind sector internationally.
Macquarie to divest from eight UK offshore wind farms
Macquarie Asset Management has reached an agreement to sell stakes in eight offshore wind farms around the UK to infrastructure manager and investor, Equitix.
Chile to nationalise lithium industry
Chile will nationalise its lithium industry to boost the economy and protect the environment, said President Gabriel Boric on April 20.
UK’s Field Energy plans battery storage in Italy
Field Energy plans to expand its battery storage business into Italy. Field intends to deploy large-scale battery storage projects in the Mediterranean country, which it will operate using its proprietary energy trading platform, Gaia.
Siemens Gamesa launches wind turbine tower with greener steel
Siemens Gamesa has announced the GreenerTower, a wind turbine tower made of more sustainable steel.
Solar generation in Brazil exceeds 20 GW
Ameresco, Sunel to bid on 1.5 GW of solar and storage in Europe
Ameresco and Sunel Group have joined forces to bid on solar and battery storage projects totalling more than 1.5 GWp in the UK, Greece, Italy, Spain and Romania.
Global offshore wind soars in face of energy market vulnerability
New research from the Renewables Consulting Group (RCG) finds that global offshore wind market development soared during 2022 due to energy vulnerability across several key European markets.
Siemens, Dragados to provide offshore grid to German North Sea
Germany’s Siemens Energy and Spain's Dragados Offshore are to provide high-voltage direct current (HVDC) transmission technology for three grid connections in the German North Sea.
Norway’s offshore wind potential totals 338 GW
A new analysis from Multiconsult shows that it is possible to develop 338 GW of offshore wind in Norway. Currently, the Norwegian government's target is 30 GW by 2040.
UK and Netherlands to explore 2-GW offshore wind connector
The UK and the Netherlands have unveiled LionLink, a high-voltage interconnector (HVDC) under the North Sea that could link up to 2 GW of Dutch offshore wind farms to the grids of both nations.
US urges Turkmenistan to cut methane emissions to help battle climate crisis
Secretary of State Antony Blinken addresses urgent issue during Washington visit of Turkmen counterpart. Military chiefs of two countries hold concurrent meeting on security challenges.
Poland, Romania and Bulgaria face highest decarbonisation transition risks, says Fitch
Decarbonisation costs predicted to put up region's average debt/GDP levels by 7pp by 2030.
South Korean renewables; a seemingly vibrant industry often ignored
Flanked by China to the west and Japan in the east, South Korea is often overlooked when it comes to renewables installations in north-east Asia.
Transocean, Eneti to partner on offshore wind foundations
Eneti and Transocean will partner in exploring offshore wind foundation installation.
Turkey’s government banks to provide discounted loans for buyers of Togg EV says Erdogan
Aramco ships accredited low-carbon ammonia to Japan
Majority state-owned Saudi Aramco announced this week that its first shipment of independently certified low-carbon ammonia has arrived in Japan for use in power generation.
Zimbabwe earmarks $1bn to build 12 dams for irrigation, one to export water to neighbouring South Africa
Poland’s PGE signs offshore wind turbine contract for Baltica 2
The largest utility in Poland, PGE, has sign a 1.5-GW deal with offshore wind developer Ørsted and Siemens Gamesa for the supply of wind turbines to the Baltica 2 project.
US House Republicans target climate law
House Republicans may consider repealing parts of Democrat President Joe Biden’s signature climate law, the Inflation Reduction Act. They have discussed targeting the legislation’s clean-energy tax credits.
ElevenEs opens Europe’s first LFP battery cell factory in Serbia’s Subotica
LFP battery cells are gaining popularity in the EV industry due to their increased safety, lower cost and sustainability.
Energy China, Saudi Ajlan to build green hydrogen facility in southern Morocco
Morocco’s renewable energy developer Gaia Energy signed a memorandum of understanding with Energy China International Construction and the Saudi conglomerate Ajlan Brothers to construct a green hydrogen project in southern Morocco.
JR West to one day use hydrogen-powered trains and buses in its fleet
One of the leading rail operators in Japan, West Japan Railway Co. (JR West), has signalled its intent one day to run hydrogen-powered trains around its network, which covers much of the western half of the Japanese archipelago.
Construction starts at Australia’s Golden Plains wind farm
Renewable energy company TagEnergy has broken ground on the 756-MW first stage of the 1.3-GW Golden Plains wind farm in Victoria, Australia.
Korean-Kyrgyz partnership to install ‘refrigerator-sized’ micro hydropower plants in canals
ArcelorMittal looks to increase renewables presence in India
ArcelorMittal, the Luxembourg-based steel giant, wants to increase its renewables footprint significantly on the Indian subcontinent. The second-largest steel maker on the planet has recently ordered 166-MW of wind turbines from Siemens-Gamesa.
EBRD leads funding for Albania's first utility-scale solar plant
140-MW Karavasta solar project an important step towards diversification of Albania's generation sources, which to date have been mostly hydro
CWP Europe partners with Power China Resources to develop 300 MW Vetrozelena wind park project in Serbia
Turkey awards contract to Veolia for operation of Europe’s largest waste-to-energy plant
Japan’s geothermal potential brought up at G7 meeting
Representatives of Japan and the US met on the sidelines of the recent G7 meeting in Hokkaido to take step one in cementing a much needed research and development deal in one of the former’s underused sources of renewable energy: geothermal power.
Turkey’s Borusan EnBW obtains $600mn loan
Iranian carmaker Saipa working to release first PHEV to market within current Persian year
Extending life of South Africa’s old coal power plants may jeopardise climate finance from JETP, experts warn
Bangladesh nuclear project features in anti-Moscow moves
In a bid to circumnavigate anti-Russian sanctions, the government of Bangladesh is set to transfer a payment in Chinese yuan to Moscow for work at its Rooppur nuclear facility.
Japan CO2 emissions fall 5.1% in 2021 fiscal year but coal remains in transition plan
Japanese government data shows that the country reduced its overall CO2 emissions by 5.1% during the 2020-21 fiscal year. This marks Japan’s seventh consecutive year of reduction levels in its greenhouse gas emissions.
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