REM - Renewable Energy
Does wind industry have sector-wide problems?
Siemens Energy, the parent company of Siemens Gamesa, experienced a sharp decline in its stock value last month following the disclosure of costly failures at the wind turbine manufacturer.
ExxonMobil to develop US lithium-rich acreage in Tetra Technologies deal
Oil supermajor ExxonMobil will develop more than 6,100 lithium-rich acres (24.9 square km) in the US with Tetra Technologies, reports Reuters in an exclusive report. The land is in Arkansas.
Itochu, Tokyo Gas eyed Japanese offshore wind auction – report
The trading house Itochu and major utility Tokyo Gas are among about 20 companies that considered joining the second round of public auctions for offshore wind power projects in Japan, reported Nikkei.
UAE to invest $54bn in energy, triple renewables to 14.2 GW
The United Arab Emirates is to triple its supply of renewable energy to 14.2 GW and invest as much as $54bn by 2030 to meet its energy demand.
Ørsted, ESVAGT sign second contract for vessel powered by e-methanol
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK east coast, as the result of a ground-breaking agreement between two Danish companies, Ørsted and ESVAGT.
CorPower Ocean makes strides in wave energy
Swedish company CorPower Ocean has resumed the deployment programme of its first commercial-scale wave energy converter. The C4, at Aguçadoura in northern Portugal, was not in operation for some months because of cable damage.
3 GW of land leased for solar development in Nevada
The US has gained $105mn in high bids in an auction for solar development on federal land in the western US state of Nevada. The four parcels of 95.8 sq km (23,675 acres), in the Amargosa Desert, are administered by the US Bureau of Land Management.
UK prime minister U-turn on onshore wind
UK Prime Minister Rishi Sunak is reportedly backtracking on plans to allow more onshore wind to be built in England, reports the Observer newspaper.
Renewables industry urges UK government to reform clean power auctions
Three energy trade associations, RenewableUK, Energy UK and Scottish Renewables, have written a joint letter to Energy Secretary Grant Shapps recommending the UK government make urgent changes to their annual clean power auctions.
Corab, Kelfield to partner on 1-GW agri-photovoltaics project in Poland
Polish firms Corab and Kelfield have inked a letter of intent to collaborate on a 1-GW agri-photovoltaic project in Poland, reports Renews.
NextEnergy Capital raises initial $480mn for solar fund
UK-based NextEnergy Capital (NEC) has raised an initial $480mn for its fifth investment vehicle, a fund focused on solar and battery storage assets in the OECD.
TotalEnergies clears expansion at France's first biorefinery
TotalEnergies has cleared an expansion in the circular renewable feedstock it processes at the La Mede biorefinery in France's Provence-Alpes-Côte d'Azur region, the company announced this week.
Brazil hopes to adopt offshore wind, green hydrogen laws this year
Brazil aims to adopt a regulatory framework for offshore wind and green hydrogen by the end of 2023, its energy minister said.
New Jersey lawmakers vote to retain tax credit for Ørsted offshore wind project
By a slim margin, New Jersey lawmakers voted to let Danish offshore wind developer retain federal tax credits to alleviate inflationary costs for the state’s first offshore wind farm.
Borneo 400-MW floating PV-hydropower link attracts attention
The Malaysian state of Sarawak on the island of Borneo, 700 km east of the main Malay peninsula, has been selected as the location for a 400-MW floating solar project.
Japanese ups and downs with renewables just need a bit of TLC
For much of the past decade and more Japan has been a land of ups and downs in terms of its relationship with renewable energy.
China poised to double wind, solar five years ahead of 2030 target
China is on track to double its utility-scale solar and wind power capacity and shatter the central government’s ambitious 2030 target of 1,200 GW five years ahead of schedule, according to a new report from Global Energy Monitor.
BESS presence in Asia offers a major step towards green transition
Battery Energy Storage Systems – or BESS for short – could accelerate the energy transition. They can balance out the intermittency of renewable energy, support the grid infrastructure and reduce curtailments by holding excess supply.
Record-breaking offshore turbine installed in southern China waters
Beijing-based wind turbine manufacturer Goldwind has released a statement saying that “on June 28, Goldwind successfully hoisted the GWH252-16-MW offshore wind turbine in Pingtan, China."
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