REM - Renewable Energy
Morocco produces first hydrogen-powered vehicle
Morocco’s car manufacturer Neo Motors has inaugurated the first hydrogen vehicle prototype made in Morocco and has introduced it under the “Made in Morocco” initiative, state news agency MAP reported on Tuesday, May 16.
Biden vetoes Congressional plan to repeal solar tariff moratorium
President Joe Biden has vetoed a Congressional plan to repeal his solar tariff moratorium on solar imports from four Southeast Asian countries.
Wind was largest source of UK electricity in first quarter
Wind power was the largest source of electricity in the UK in the first quarter of 2023, according to new research from Imperial College.
Floating solar to add 610 MW to Philippines PV capacity
Plans for a 610.5-MW floating PV plant on the Philippine’s largest lake, Lake Laguna, south-east of the capital Manila, have cleared the nation’s Department of Energy.
Vietnam okays goal of 6 GW of offshore wind by 2030
Vietnam has targeted a goal of 6 GW of offshore wind by 2030. The goal is part of the country’s Power Development Plan 8 (PDP8), which also boosts liquefied natural gas (LNG).
CWP Global to develop Serbia's biggest wind power plant
Renewable energy company CWP Global plans to develop a major wind power plant in northern Serbia with a total capacity of 450 MW.
Zanzibar set for a 180-MW Solar PV project as it eyes first electricity generation
Zanzibar’s first electricity generation will come from renewable sources following the signing of a contract for the generation of a 180-MW Solar PV project under a power purchase agreement between GCL and ZECO.
South Africa power utility Eskom set to receive $520mn transmission system financing from Standard Bank
Ørsted awarded carbon capture and storage contract by Danish government
The Danish Energy Agency (DEA) has awarded Ørsted a 20-year contract for its carbon capture and storage project, Ørsted Kalundborg Hub.
Siemens Gamesa records wider loss of $420mn in second quarter
Wind turbine manufacturer Siemens Gamesa has posted a loss of €386mn ($420mn) in its second quarter of 2023, compared with a deficit of €322m in the first three months of 2022.
Uranium mine stake sale to Russia reportedly led to departure of multiple Kazatomprom senior managers
EBRD 2023: Azerbaijan seeks routes to become green energy supplier to Europe
Azerbaijan is seeking to use existing transport infrastructure to establish itself as a supplier of green fuels to the European continent.
3.1 GW of wind wins in Ireland’s first offshore auction
In Ireland’s first offshore wind tender, 3.1 GW of projects – four in total – have been selected. The winners were: Fred Olsen Seawind and EDF Renewables; CIP and Statkraft; Corio Generation and Ontario Teachers' Pension Plan Board; and RWE.
Fortum to "close book" on Russian green power unit after Putin $1.8bn takeover
The state-owned Finnish utility Fortum said it will “close the book” and remove its Russian business from its balance sheet.
Korean company reportedly wishes to invest $1bn in Kyrgyzstan’s planned ‘eco-city’ Asman
Africa needs $700bn in green, metals financing
Africa will need over $7bn in finance over the next decade for developing renewable energy and for extracting metals for the energy transition. This is according to a senior executive with South Africa’s Standard Bank Group.
Croatia to add 2.5 GW new renewables by 2030
Croatia plans to ramp up its renewable energy capacity by the end of the decade, said the country’s economy minister, Davor Filipović. “Our goal is to have more than 2.5 GW of new renewable energy sources by 2030," he said.
US EPA proposes stricter rules for power plant emissions
The Environmental Protection Agency (EPA) in the US has proposed more stringent rules for power plant emissions that may force some coal plants to close.
Norway postpones onshore wind tax
Norway has delayed by a year until 2024 a planned “ground rent tax” that would have cost wind energy firms 40% of their revenues. The tax, to benefit local and state finances, would have been applied to existing and new wind farms.
Masdar, IRENA to create roadmap to triple global renewable energy by 2030
Masdar and the International Renewable Energy Agency (IRENA) have agreed to create a roadmap to triple global renewables capacity by 2030. State-owned Masdar is also the Abu Dhabi Future Energy Company.
OX2 sells 49% stake in 6 GW of offshore wind to IKEA company
OX2 has agreed to sell a 49% stake in almost 6 GW of offshore wind off Finland to Ingka Investments, owned along with retailer IKEA by the Ingka Group.
Saudi Arabia, Netherlands sign green hydrogen MoU
Saudi Arabia and the Netherlands last week signed a memorandum of understanding to co-operate on the development of green hydrogen at the World Hydrogen Summit in Rotterdam.
India amongst 10 highest emitters, but has lower emissions per capita – WRI
India surpassed the EU in total annual greenhouse gas emissions in 2019, becoming the third-largest emitting country after China and the US, according to Climate Watch data.
Scatec and Alexandria National Refining agree to build $450mn green methanol plant in Egypt
EBRD greenlights 5-year strategy for Croatia
Condor Energies releases Q1 unaudited interim financial statements on Kazakhstan and Turkey operations
Romania to see 32% jump in electricity generation by 2030, mostly renewables
Romania's total installed power capacity is set to jump by roughly 32% in 2030 compared to 2020, mainly due to installing new wind and solar energy capacities amounting to 2.302 GW and 3.692 GW respectively, said a report by McKinsey.
First ever nuclear fusion PPA signed
A nuclear fusion energy company, Helion Energy, has signed a power purchase agreement with high-tech giant Microsoft to supply electricity generated from its first fusion power plant.
Lithium producers Allkem, Livent to merge
Lithium producers Allkem and Livent have agreed to an all-stock merger with a value of $10.6bn. Allkem, a miner, is based in Brisbane, Australia. Livent, a lithium technology company, is based in Philadelphia in the US.
$2bn transmission line proposed to carry renewables from Quebec to New England
National Grid and partners are proposing to build a 340-km $2bn power line to carry hydro power from Quebec, Canada to New England in the north-eastern US.
Colombia to hold first offshore wind auction in 2023
Colombia will hold its inaugural offshore wind auction later in 2023, the first ever in Latin America.
Korean SMR use to help develop hydrogen programme
South Korea is looking into the possible deployment of a small modular reactor in the nation’s Gyeongsang Province bordering the Sea of Japan. The site will be the host of Korea’s long-awaited Uljin Nuclear Hydrogen National Industrial Complex.
Japan identifies five “promising” sites for offshore wind projects
The Japanese government has selected five zones off the northern island of Hokkaido as "promising” for the development of developing offshore wind projects, marking the second in three stages of choosing sites.
Threat of invasion comes second to Taiwanese wind ambitions
Taiwan daily faces the threat of invasion from China and ever stronger rhetoric coming from Beijing across the Strait, yet few of the 23mn islanders seem to be paying much attention. This is slowly changing in Taiwan's booming offshore wind sector.
China plans to take hydrogen use to the masses
China is planning a major investment to boost its ever increasing fleet of hydrogen-powered vehicles as it looks to help promote use of the fuel in the general population.
China’s CATL looks at Thailand battery plant options
The government of Thailand has started discussions with Contemporary Amperex Technology Co. Ltd (CATL) alongside a number of other battery manufacturers on the subject of siting future battery production lines in the Southeast Asian nation.
Fortum takes €3.5bn impairment hit in Russia
Finnish renewable major Fortum booked a €1.7bn impairment charge and deconsolidation-related translation differences of €1.9bn in the second quarter, Tass reported citing the reports of the company.
UK renewables firm Savannah Energy to develop up to 200 MW of solar capacity in Niger
Savannah Energy, a British renewable energy company, has signed a memorandum of agreement with the government of Niger to develop up to 200 MW of solar photovoltaic capacity.
ASX-listed Lindian Resources maintains fine assay results at Malawi rare earths exploration project
Mauritania plans several hydrogen projects with total 80-GW capacity, minister says
Mauritania plans to have 80 GW of electrolyser capacity if all of its hydrogen projects come to fruition, the country's Minister of Petroleum, Mines and Energy, Abdessalam Ould Mohamed Saleh, told the Africa Hydrogen Forum in Rotterdam on May 9.
Croatia has potential offshore wind capacity of up to 25 GW
Croatia could rival Europe's entire offshore wind power capacity, says EBRD-funded research on Croatia's offshore wind potential.
Albania starts talks on new biogas law
The Albanian government has opened the consultation process on a law to promote the production and use of renewable energy sources for the transport sector through the use of biofuels for internal combustion engines.
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