REM - Renewable Energy
Invenergy-led consortium completes $1.5bn purchase of utility's unregulated renewables portfolio
Invenergy announced that IRG Acquisition Holdings has closed on the acquisition of American Electric Power’s (AEP) 1.365-GW unregulated, contracted renewables portfolio for $1.5bn enterprise value.
REM: Renewables companies delay Alberta projects
Renewables companies delay Alberta projects
Alberta's temporary halt pause on approval of new renewable power projects has prompted four major international companies to stop work on their plans, an industry official has told Reuters.
Phillips 66, Ørsted pause flagship Gigastack hydrogen project
Phillips 66 and Ørsted will pause development of the Gigastack green hydrogen project and withdraw from funding negotiations with the UK government.
Mainstream Renewable, Ocean Winds partner again on UK offshore wind
Mainstream Renewables and Ocean Winds will unite to develop a second ScotWind floating wind power site off northern Scotland.
Offshore wind: Treasury red tape could cost UK bill payers GBP 1.5bn per year – analysis
New Energy and Climate Intelligence Unit (ECIU) analysis has found the latest UK government auction for new offshore wind farms could see few projects making it through Treasury rules leaving UK bill payers around GBP 1.5bn worse off per year.
Serbia releases results for its first wind, solar power auctions
Serbia has published qualification results for its first onshore wind and solar tender, according to Balkan Green Energy News. Renewables capacity in the Balkan country could now double.
Wind-powered cargo ship sets sail
A Cargill-chartered cargo ship has launched on its first voyage since being fitted with special sails. Mitsubishi Corp’s Pyxis Ocean has set sail with WindWings, which are large wings, or sails, of 37.5 metres in height.
“Urgent” need for offshore wind supply chain boost – Woodmac
As a mater of urgency, supply chain challenges for offshore wind to meet developer and government objectives, according to consultancy Wood Mackenzie.
Saudi consortium achieves financial close on Al Shuaibah solar projects
A Saudi consortium led by power and water utility ACWA Power, has announced the successful financial close of Al Shuaibah 1 & 2 solar photovoltaic projects, which will generate an aggregate capacity over 2.6 GW of electricity.
Pertamina looks to geothermal projects in Kenya
Pertamina Geothermal Energy (PGE), part of Indonesian state energy firm Pertamina, has signed two memorandums of understanding (MOUs) with two Kenyan companies to explore partnerships in geothermal power projects.
US government approves fourth major offshore wind project
The administration of President Joe Biden has approved the 704-MW Revolution wind project off Rhode Island and Connecticut in New England in the US.
Equinor energises world’s largest floating wind farm
Norwegian oil and gas major Equinor and partners have energised the world’s largest floating wind farm, off Norway.
Secursun begins construction of solar parks in Germany
Secursun, launched in November 2022, has started construction of the first solar parks from its 1.1 GW portfolio in Germany.
Nordex wins contract for Alberta wind farm in midst of renewables pause
Germany’s Nordex Group has been awarded a contract for the delivery and commissioning of 49 N155/5.X turbines for the Forty Mile wind farm in Alberta, Canada.
Chile wants to open up more areas of Atacama desert to lithium mining
Chile’s government is committed to taking a pragmatic approach to opening up new areas for lithium mining as it seeks to attract further investment under its public-private partnership model.
Thailand's power authority elevates clean-energy ambitions
Lease granted for Philippine floating solar project
Philippine solar developer SunAsia Energy and its investment partner Blueleaf Energy have been awarded lake lease agreements by the Laguna Lake Development Authority giving them the right to develop and build a large-scale floating solar park.
South African energy giant Sasol scaling up green hydrogen production via repurposed electrolyser
5 GW offshore wind project planned for Australia
Elanora Offshore, a consortium of renewable energy companies, is planning to develop a 5GW offshore wind project in Australia off the coast of Gippsland.
Premier African Minerals expects first spodumene Zimbabwe lithium shipment to China by November
Albania’s net electricity production up 37.8% in Q2
China, Tajikistan JV to produce 1,500 EVs annually
ASX-listed battery metals explorer RMC completes $1mn capital raise for work in Tanzania, Finland
Armenia expected to stop supporting solar energy sector
Iberdrola establishes company to harness carbon-credit markets' potential
Spain’s Iberdrola has set up Carbon2Nature, a new company that aims to capture and store over 61mn tonnes of CO2 through projects that generate high-quality carbon credits.
Solar generation increases in Brazil
Solar photovoltaic energy generation in Brazil now exceeds 23 GW in terms of installed power in residences, shops, industries, rural facilities, public buildings and utility-scale plants.
Peruvian government aims to cut emissions by 40% this decade
Peruvian Prime Minister Alberto Otarola has restated his government's commitment to reducing greenhouse gas emissions by 40% by 2030.
Lithium: Ghana reacts to Piedmont acquisition of stake in Atlantic, which 'only' holds prospecting licence
Bulgaria, Romania plan two joint hydropower plants on Danube
APEC sets objective for clean power
Most of the Asia-Pacific Economic Cooperation forum has agreed to 70% clean electricity by 2035, while the members will also create an initiative for a just energy transition.
More than 50 mining companies want lithium deals with Chile
Chilean President Gabriel Boric has proposed a public-private model under which the state takes a controlling stake in strategic and sensitive lithium-mining operations while private firms will retain control of non-strategic projects.
Piedmont commits to funding Ghana lithium project of Atlantic to secure supply for Tesla
Indonesia's Pertamina Geothermal Energy begins international expansion, starting with Kenya
China, Kyrgyzstan seal agreements for construction of hydropower plants along Sary-Jaz River
Asian solar module makers could face steep new US import tariffs
An investigation by the US federal government has found that some manufacturers in Asia have been illegally bypassing tariffs on Chinese solar equipment. They now face high duties.
Australian offshore wind makes progress – REZ site planned off NSW
In 2022, when the government of New South Wales made public the goal of a future Renewable Energy Zone in the state, 44 firms declared an interest. Eight of these included the possibility of offshore wind generation in their proposals.
S. African coal producer Exxaro posts lower on-year revenues, profits, earmarks $788mn for renewables
Benin awards Japan’s Toyota Tsusho contract for Illoulofin solar power plant second phase
Jakarta’s Just Energy Transition Partnership campaigns for $20bn
A proposal outlining Indonesia's allocation of $20bn for a transition towards cleaner energy has been submitted to the government and its financing partners, planners announced on August 16.
Carbon capture is only a way to make people feel good about continuing emissions
In recent weeks, the United States has witnessed a surge in carbon capture investment, with major players in the energy sector making significant moves. However, as a technology it remains ineffective.
Indonesia starts construction of large-scale floating PV site in West Java
Indonesia has embarked on the construction of a floating solar power plant (PLTS) at the Cirata Reservoir, West Java. Using an investment of $65.1mn, this project is poised to revolutionise renewable energy development in the region.
Istanbul-listed Turk Traktor obtains €70mn five-year loan from EBRD for solar and engine investments
Bulgaria leads EU in 15.2% greenhouse gas emission cut
Japanese companies reportedly to take over Bistrica project
Serbia is planning to work with Japanese companies on the Bistrica Reversible Hydro Power Plant (RHPP) after encountering problems with the Chinese companies it originally planned to work with, Demostat reported on August 17.
bneGREEN: Bulgartransgaz to explore demand for hydrogen transmission
Bulgarian company is assessing the market demand for hydrogen transmission capacity after outlining plan for €860mn hydrogen pipeline.
Chile appoints new mining minister
President Gabriel Boric has named Aurora Williams as Chile's new mining minister. Among the challenges at hand is the government's push to expand state control of the country's vast lithium reserves.
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