REM - Renewable Energy
US renewables policy a “game changer” for wind and solar – study
For the first time, US-made wind and solar components are cheaper than their imported foreign counterparts. This is according to a new study by academics at the prestigious Princeton and Dartmouth Universities.
UK offshore wind pipeline nears 100 GW as global pipeline hits 1.23 TW
RenewableUK’s latest EnergyPulse market intelligence data report shows that the UK’s pipeline of offshore wind projects has reached 97.9 GW, up from 91.3 GW a year ago.
WindEurope – EU must act now or Europe’s wind turbines will be made in China
The EU wants to massively expand renewables and strengthen Europe’s clean energy supply chains. But its Net-Zero Industry Act (NZIA) falls short and needs beefing up, says trade group WindEurope.
US offshore wind developers could forfeit $108mn in inflation dispute
The two US wind projects that are seeking to end their Massachusetts power purchase agreements may together have to forfeit $108mn in contract penalties and fines, according to a local podcast and magazine.
Final wind turbine installed at world’s largest offshore project
The final turbine of 139 has been installed at the 1.5-GW Hollandse Kust Zuid in the Dutch North Sea, said the developer, Sweden’s Vattenfall.
Cost inflation in offshore wind could add more than $280bn in next decade globally – Westwood
Recent cost inflation could add roughly $280bn to the capital expenditure cost of building out the offshore wind industry, not counting China, over the next decade. This is according to a new analysis by Westwood Global Energy Group.
Siemens Energy takes over wind turbine manufacturer Siemens Gamesa
Minority shareholders of the Spanish-German firm Siemens Gamesa voted for a capital reduction for the remaining 2.21% stake that the company’s parent Siemens Energy does not yet own.
EU to invest $2.16bn in green hydrogen in Brazil
European Commission President Ursula von der Leyen has announced that the EU will invest €2bn ($2.16bn) in green hydrogen and energy efficiency in Brazil.
Vestas wins 221-MW wind turbine order in Scotland
Vestas has received a firm order from North Kyle Wind Farm Ltd, part of Brockwell Energy, for the 221-MW North Kyle wind park in East Ayrshire, Scotland. It will be one of the largest onshore wind farms in the UK.
Duke Energy to sell renewables business to Brookfield for $2.8bn
Duke Energy has agreed to sell its unregulated utility-scale commercial renewables business to Canada-based Brookfield Renewable, one of the world's largest owners and operators of renewable power and climate transition assets, for around $2.8bn,
China’s Mingyang to enter UK offshore wind sector
Opergy Group and Mingyang Smart Energy Group, a wind turbine manufacturer based in China, have joined forces in a strategic alliance, facilitating Mingyang's entry into the UK offshore wind market.
Ørsted pares back global offshore wind ambitions
Ørsted, the leading offshore wind developer globally, has pared back its offshore wind ambitions from 30 GW by 2030 to 28 GW as it reassesses projects in the US, Taiwan Vietnam and Poland. This was revealed at the company’s capital markets day.
Serbia announces Western Balkans' biggest renewable energy auctions
Serbia prepares its initial auction for projects that use renewable energy sources, focusing on wind and solar power
First US commercial-scale offshore wind farm achieves ‘steel in the water’
Vineyard Wind, under construction off the north-eastern US, has announced the start of major construction, marking a major milestone in the project.
Mitsui, Toyo Construction to form joint venture on offshore wind
Japanese shipping giant Mitsui OSK Lines (MOL) and Toyo Construction will form a joint venture on offshore wind. The companies had first announced they would consider a JV in February 2022.
South Africa turns to China’s renewable energy technology to help solve energy crisis
At the China-South Africa New Energy Investment and Cooperation conference on Tuesday, June 13 in Johannesburg, Ramokgopa highlighted opportunities for Chinese energy companies to become involved in South Africa’s energy development.
ACWA agrees on roadmap with Kazakh authorities on $1.5bn wind energy and battery storage project
Iran giant lithium deposit promises to be a game-changer
Iran’s neighbours are concerned with its rising influence after the Islamic Republic discovered a huge new lithium deposit on its territory which some are calling a game-changer, Lebanon’s Al Mayadeen reported on June 10.
More investment in Zimbabwe's CBM, other gas resources will strengthen energy mix, state daily says
EBRD plans to fund reconstruction of EPS’ Vlasinske hydropower plant
The European Bank for Reconstruction and Development is planning to provide a sovereign guaranteed loan of up to €62mn to state-owned power utility Elektroprivreda Srbije AD Beograd (EPS) for the reconstruction of the Vlasinske hydropower plant.
Canada’s WATT Renewables seeks $100mn to implement solar-powered telecom towers in Nigeria
bneGREEN: Turkmenistan responds to calls for action on immense methane leaks
One initiative approved by president will pave way for remote nation to join the Global Methane Pledge.
Indonesia stumbles its way to an effective energy transition policy
As one of the fastest growing economies in the world, and the biggest in Southeast Asia, Indonesia is forecast by many economists to have the fourth-largest economy in the world by the middle of the century.
Vietnam becoming more influential in global lithium battery markets
Although at present a non-binding MoU has been signed for three years, if successful it would lead to the annual conversion of 20-25,000 tonnes of lithium.
Frontier markets financial advisory firm Delphos backs Mongolia to meet sustainable growth potential
Shizen, Constant sign solar PPA with Thailand’s Molten
Shizen Energy and Constant Energy have entered into a long-term power purchase agreement with Molten (Thailand). The agreement will be based on an on-site PPA model, using a roof-mounted solar power generation facility.
Report: US solar industry marks best first quarter in history
The US solar industry has achieved its best-ever first quarter, with a record-breaking 6.1 GW of capacity installed, according to the US Solar Market Insight Q2 2023 report released by the Solar Energy Industries Association and Wood Mackenzie.
Indian-Nepali power deals signed at bilateral event in New Delhi
A Nepali power association has lauded the recent decision by the country’s prime minister to sign a number of energy related deals during a visit to neighbouring India.
CleanCapital receives additional Manulife funding commitment, hits $1bn investment milestone
US-based CleanCapital has secured an additional commitment of up to $500mn from Manulife Investment Management.
Tata Power Renewable Energy commissions Indian solar project
Tata Power Renewable Energy has commissioned a 110-MW solar power plant in Bikaner, Rajasthan, India.
Blue Elephant buys solar assets in Chile
Germany’s Blue Elephant Energy announced in early June that it had acquired a 120-MW solar portfolio in Chile from Fondo de Inversión Rockville Solar Energy the previous month.
Denmark ends open-door scheme for offshore wind
Denmark's Ministry of Climate, Energy and Utilities announced on June 7 that it would not allocate new areas for commercial offshore wind projects under the open-door scheme. This will result in 24 applications under the scheme being rejected.
TotalEnergies ENEOS to buy Sao Mai Solar’s rooftop solar portfolio
Sao Mai Solar, a subsidiary of the Sao Mai Group in Vietnam’s An Giang Province, has reached an agreement with TotalEnergies ENEOS for the sale of its 3.4 megawatt-peak rooftop solar photovoltaic system portfolio.
Octopus to create multi-technology renewable hub in Queensland, Australia
Octopus Investments Australia, a subsidiary of UK-based Octopus Group, is reported to have acquired a 175-MW solar project with a battery storage component in Queensland.
IEA projects largest ever increase in annual renewable capacity
The International Energy Agency says it expects solar and wind power to lead the largest ever annual increase in new renewable energy capacity this year
Rosatom reportedly expects Uzbekistan to green light nuclear plant construction in near future
Kazakhstan: Authorities declare state of emergency over Caspian
Officials have tried to ignore the situation for years, but appear to have been spurred into action by the president.
Passage of US debt ceiling bill heralds changes to energy permitting
The Fiscal Responsibility Act of 2023, or the debt ceiling deal, has become law in the US. It includes provisions that will expedite the permitting process for certain energy projects.
Japan sets new hydrogen targets with $107bn investment over 15 years
With a revision to its 2017 Basic Hydrogen Strategy, the Japanese government has committed the equivalent of $107bn for investment in the country’s burgeoning hydrogen production industry over the next 15 years.
bneGREEN: Ferries of the future
Shipyards and ferry operators in the Baltic and Adriatic are starting the transition to electro-mobility — but technical challenges still have to be overcome.
Nasdaq-listed American Resources signs long-term deal to buy South Africa lithium spodumene
GEAPP, Chapel Hill Denham launch $50mn initiative to catalyse distributed renewable energy in Nigeria
Clean energy investment in emerging markets and developing economies remains low, IEA says
Singapore-based GenZero partners with AJA Climate to invest $30mn in Ghana forest restoration project
Elon Musk calls Mongolia's PM to discuss possible Tesla and Starlink investments
Business magnate interested in leveraging country’s rare earth element mining, though it remains at a low stage of development.
TotalEnergies takes FID on sustainable aviation fuel output at Grandpuits
France’s TotalEnergies has announced taking a final investment decision to increase the production of sustainable aviation fuel (SAF) at the Grandpuits biorefinery in France.
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