REM - Renewable Energy
Costs surge in offshore wind, rattling the sector
Swedish giant utility Vattenfall recently halted a wind farm project, the Norfolk Boreas offshore site off the UK, citing costs that had become inflated by 40%.
Funding secured for North Adriatic Hydrogen Valley project
Consortium leader HSE says project will put Slovenia on the hydrogen future map.
Carlton Power secures UK consent for the world’s largest battery energy storage scheme
UK-based Carlton Power, an independent energy infrastructure development company, has secured planning permission for the world’s largest battery energy storage scheme (BESS).
Albania awards 222.48 MW of wind capacity to three bidders
Three bidders have been awarded a combined wind power capacity of 222.48 MW in the Albanian government’s inaugural utility-scale bidder-selected site auction for onshore wind, the EBRD announced on July 26.
Meyer Burger announces solar cell production in Colorado
Meyer Burger Technology of Switzerland will open a plant for high-performance solar cells in Colorado Springs, Colorado in the US.
Istanbul-listed Akbank sells $300mn 10-year subordinated eurobond at 9.60% coupon to EBRD, IFC, AIIB
India working to become global hydrogen hub in years ahead, says PM Modi
India’s Prime Minister Narendra Modi has made his most outspoken comments to date on his vision of India becoming a regional and global hydrogen hub in the years ahead.
Masdar launches first $750mn, 10-year green bond
Abu Dhabi Future Energy Company PJSC – Masdar – has announced the successful completion of its first green bond issuance for $750mn 10-year senior unsecured notes.
China’s Goldwind may enter Spanish wind sector
Chinese wind turbine manufacturer Goldwind is seeking to buy wind projects in Spain and to establishing manufacturing there.
GE Renewable Energy losses lower in Q2
Sales at GE Renewable Energy in the second quarter lost $359mn on an operating basis – an improvement compared with a year ago – and bettered its revenue forecast.
Octopus Energy investing GBP15bn in offshore wind
UK-based Octopus Energy will invest GBP15bn ($19.2bn) in offshore wind, mostly in Europe, by 2030. Octopus will invest in 12 GW.
Uzbekistan’s EV imports surge in 1H23
Slovenia to install solar plants along motorways
US to auction 3.7 GW of offshore wind leases in Gulf of Mexico on August 29
The US Bureau of Ocean Energy Management (BOEM) will auction 3.7 GW of seabed in the US Gulf of Mexico on August 29.
Heliene to expand with new US solar manufacturing plant
Solar panel assembler Heliene plans a major expansion of its US manufacturing operations with a new Minnesota factory, the Canadian company’s CEO told Reuters.
Aseel Oilfield secures energy, minerals deals in Zanzibar
The government of Zanzibar has entered into deals with Dubai-based Aseel Oilfield Services involving investments in energy and mineral projects, a development that is intended to diversify the island’s economy that is largely dependent on tourism.
Russia refuels ship with biofuel for first time
State-owned Gazprom Neft reported on July 20 that its marine fuels business, Gazpromneft Marine Bunker, refuelled the ship in St Petersburg. The operation was carried out jointly with fast food chain Vkusno i Tochka and another firm called Ecoway.
Solar manufacturing in US may falter, says BNEF
A new report by BloombergNEF found that companies planning US solar factories will face limited availability of solar materials from Southeast Asia.
Ørsted to exit London Array offshore wind farm
Sector leader Ørsted has signed an agreement with funds managed by Schroders Greencoat to divest its remaining 25% minority interest in the 630-MW London Array Offshore Wind Farm in the UK.
Kyrgyzstan’s energy sector to be placed under three-year state of emergency
Ministers to expedite special measures to address growing power shortages linked to climate impacts on river flows.
Zimbabwe, Zambia in $294mn rehabilitation of key co-owned Kariba dam
The 1.81bn cubic metre capacity Kariba Dam, commissioned in 1960, generates 2,130 MW of electricity that is shared almost equally by the neighbours. Built on the Zambezi, the dam also supports a number of tourism, hospitality and fishing projects.
Equinor to purchase renewables company in Brazil
Norway’s Equinor has signed a deal with Denham Capital to purchase Rio Energy, a Brazilian onshore renewables company.
Drax to build 600-MW hydro plant in Scotland
Drax has secured consent to build the 600-MW Cruachan 2 hydroelectric plant in Scotland, reports ReNews.
Serbia to seek strategic partners for wind projects
The government of Serbia plans to find a strategic partner for the construction of 1 GW of wind plants, according to Balkan Green Energy News.
Hitting 2030 renewables target looks increasingly unlikely for South Africa, analysts say
A report published on July 12 highlights challenges that lie ahead for Africa’s most advanced economy in its pursuit of decarbonisation.
Japan, Abu Dhabi to work on hydrogen-ammonia possibilities
Leading Japanese energy firm JERA has agreed what is being termed a strategic collaboration agreement with the Abu Dhabi National Oil Company (ADNOC) of the UAE to work together on future hydrogen and ammonia projects.
Slovenia’s government appoints official to co-ordinate NEK Krsko unit 2 project
The Slovenian government announced on July 20 that it had appointed Danijel Levicar as state secretary at the prime minister’s office to co-ordinate the implementation of a project to build a second unit at the nuclear power plant Krsko (NEK).
BASF, Mingyang to build offshore wind farm off southern China
The windfarm, in Zhanjiang Municipality of Guangdong Province, will have a total installed capacity of 500 MW and is expected to go online in 2025.
Mitsubishi to lead on next-generation fast reactor development
Japan’s Mitsubishi Heavy Industries (MHI) has been earmarked by the central government in Tokyo to head the nation’s push into next-generation fast reactors; this is a sodium-cooled design aimed to come online at some point in the 2040s.
Namibia launches tender to build 70-MW solar project
The electricity company is in the market for an engineering, procurement and construction contractor to build the solar farm in Rosh Pinah, a project originally designed for wind power generation.
India battery capacity – 20 GW to be reissued
India’s powerful Ministry of Heavy Industries in New Delhi is reportedly aiming to issue a new large-scale 20-GW tender to help add to the country’s ever increasing levels of battery storage capacity.
US envoy John Kerry says US-China climate affairs require “more work”
US climate envoy John Kerry has said that the US and China have failed to reach new climate agreements but that talks on the issue during his recent four-day visit to Beijing were a step forward.
Shell may sell renewables unit
Oil supermajor Shell plc is “exploring options” for its global renewable power business, including a potential sale to outside investors, Bloomberg reported citing knowledgeable sources.
Plan to build $1bn lithium mine, processing project in Zimbabwe suffers setback after Chinese investor cuts stake
ASX-listed Askari Metals discovers 'corridor of interest' at lithium prospect in Namibia
Romanian energy trader Tinmar to invest €150mn in green generation over next three years
Huawei partners with Moroccan utility ONEE to develop power storage technologies for renewable energies
EverWind buys $0.76bn worth of wind for hydrogen, ammonia project in Nova Scotia
EverWind Fuels has purchased three wind farms in development in Nova Scotia, Canada. This is for Phase 1 of EverWind's proposed green hydrogen and ammonia project.
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