REM - Renewable Energy
Global renewables jobs accelerating
Worldwide jobs in renewable energy reached 13.7mn in 2022, an increase of 1mn since 2021 and up from a total of just 7.3mn in 2012, according to a new report.
Europe’s war on CO2 emissions goes global
The EU has launched the first system anywhere to impose CO2 emissions tariffs on imported goods including iron and steel, cement, aluminium, electricity and hydrogen. These are all carbon-intensive goods.
Brookfield buys Banks Group's renewable energy business
Brookfield of Canada is to buy the renewable energy unit of Banks Group, the UK-based company, according to the Financial Times. The newspaper estimated the deal to be worth around $1bn, said the newspaper citing knowledgeable sources.
Compressed air energy vault in old mine planned in Australia
Hydrostor, a global long duration energy storage (LDES) developer and operator, and Perilya, a developer and operator of global mining projects, have entered into a binding agreement to leverage the existing mining assets at Perilya’s Potosi Mine.
Hystar to construct 4-GW plant in Norway, then move into North America
Norway’s electrolyser company Hystar will build a new factory in Høvik, Norway, paving the way for major growth, including a North American gigawatt factory, the company said.
TotalEnergies, Corio enter US offshore wind
A wind energy developer owned by France's TotalEnergies oil and gas major and Corio Generation, a unit of Australia’s Macquarie, are bidding to build a wind farm off New Jersey's coast.
India to tender 7.2-GW offshore wind off Tamil Nadu
India will offer developers a tender of bids for the allocation of a 7.2-GW area of offshore wind off the coast of the south-eastern state of Tamil Nadu.
US closes $3bn loan guarantee to Sunnova’s Project Hestia
The US Department of Energy (DoE), through its Loan Programmes Office, has announced the closing of a $3bn partial loan guarantee to Sunnova Energy Corporation’s Project Hestia.
Avangrid to end power deals for “unfinanceable” Park City offshore wind project
Spanish subsidiary Avangrid will be allowed to terminate the power purchase agreements for its 804-MW Park City offshore wind farm off Connecticut in the north-eastern US.
Two catastrophic years obliterate 10% of Swiss glacier volume
Glaciers in Switzerland lost 6% of their volume in 2022. Then 2023 saw a further 4% destroyed, representing the second-largest decline since measurements began, says research from the Swiss Academy of Sciences.
Carbon pricing, modest policy measures best for net-zero, says IMF
Carbon pricing coupled with modest government policy measures is the most effective path towards net-zero emissions, says the International Monetary Fund (IMF). This would prevent national debt ballooning.
No tariffs on solar imports, says Europe’s solar industry
SolarPower Europe has cautioned the EU not to impose tariffs on imports on solar technology for fear that it would hamper the bloc’s ability to ramp up its solar industry quickly.
Iran aims to generate 15,000 MW via renewables
Iran's First Vice President Mohammad Mokhber says the country has drawn up a comprehensive plan to build solar farms to generate 15,000 MW of electricity, the state news agency IRNA reported on October 4.
UK increases capacity for floating offshore wind licensing round
The UK’s Crown Estate will make around 4.5 GW of floating wind capacity off south Wales and south-west England available to bidders. Previously the total was to have been around 4 GW.
Empower New Energy invests $13mn in WATT Renewable Corp to further Nigeria's clean energy drive
Growth of global offshore wind slows in first half of 2023
The world added a total of 5.6 GW of offshore wind capacity in the first half of 2023, reaching a total of 63.2 GW, according to the World Forum Offshore Wind’s new Global Offshore Wind Report.
Tata Steel unveils 10.8-MW floating solar power project in Jamshedpur
Tata Steel Limited has successfully commissioned a 10.8 MW floating solar power project situated on the upper cooling pond at its Jamshedpur plant.
Vestas wins 1,140 MW order for Poland’s largest wind project
Danish wind turbine manufacturer Vestas has won an order for 1.14 GW of offshore turbines in Poland. The world’s largest turbine maker, Vestas will supply V236-15.0 MW turbines.
North Macedonia issues debut green bonds worth €10mn
Masdar enters Tajikistan market with plans to explore 500MW of clean energy projects including floating solar
New international investment pledges increase South Africa’s JET funding pool to $11.8bn
Qatar's Nebras Power plans 1 GW wind plant in Karakalpakstan
Atlantic Lithium targets Ewoyaa mining lease
Kazatomprom to end uranium production cuts by 2025
World’s largest uranium producer Kazatomprom sees partial victory in pursuit of equal stake in IAEA
Baking land, bath tub warm seas, melting ice caps - in charts
The seas are the temperature of bath water and the land is baking. This year the rise the global temperature in June already passed the 1.5C limit compared to the 1850-1900 base set in the Paris Accords as the upper limit for global warming.
Norway’s Statkraft reportedly is considering pumped storage hydropower plant in Albania
Indonesia's Barito Renewables to launch IPO of 4bn shares
Croatia grants licences for geothermal exploration to three companies
Croatia's economy ministry has granted licences to three local companies exploration for geothermal water at five locations following an international tender as part of the country’s efforts to increase the share of locally produced renewable energy.
Offshore wind vs nuclear a backdrop to Taiwan’s 2024 elections
With Taiwan now on the run-in to its next round of presidential elections, the all-important issue of energy, where it comes from and if it safe, is again starting to come to the boil on the East Asian island.
Norway’s Norsk Solar stars construction of solar project Orgio II in Brazil
The company has signed an engineering, procurement and construction agreement with America Energia and has secured financing for the construction of the 9-MW solar park Origo II.
UK Energy Secretary recognises Morocco-UK Xlinks subsea cable project as ‘nationally significant'
India plans to develop green hydrogen hub in Kolkata
EBRD approves €7mn loan to ProCredit Bank Skopje to support renewable energy projects
Mexico revokes lithium concessions from China’s Ganfeng Lithium
Mexico's president is pushing ahead with his intention to make lithium a state-controlled sector, revoking nine concessions from the Chinese firm Ganfeng Lithium, the world's largest producer of lithium batteries.
Milestone Carbon announces carbon sequestration hub in Midland Basin
Milestone Carbon will develop a CO2 sequestration hub in the southwestern Midland Basin in Texas.
ExxonMobil, SABIC petrochemical complex to use solar power
BP’s solar plant Peacock in Texas will sell all of the electricity it generates under a long-term power purchase agreement to the nearby Gulf Coast Growth Ventures (GCGV), a 50:50 joint venture between ExxonMobil and SABIC.
Japanese, Chinese firms greenlit for 370MW of solar projects in Bangladesh
A Bangladeshi cabinet committee on purchase has granted approval to two Japanese companies and one Chinese firm to invest in three solar-based power plants in the country.
AsiaElec: Japanese, Chinese firms greenlit for 370 MW of solar projects in Bangladesh
Indonesian gas company Pertamina makes major carbon trading move
Pertamina Patra Niaga, a subsidiary of state-owned oil and gas company PT Pertamina (Persero) and part of the Commercial & Trading subholding, has actively participated in carbon trading.
Global efforts at stopping fossil fuel use unrealistic, says Beijing
In a statement delivered from Beijing on September 22, Xie Zhenhua, China's leading climate envoy, pushed back against calls for more forceful condemnation of coal, oil and gas use at the United Nations headquarters.
Uzbekistan aims to ban disposable plastic products from 2026
Alcazar Energy acquires rights to 118MW wind farm project in Montenegro
Brazil’s northern regions, World Bank sign MoU on hydrogen, clean energy
Brazil’s so-called Northeast Consortium and the World Bank have signed a memorandum of understanding for the development of clean-energy projects, including hydrogen and solar, plus water and sanitation, and connectivity.
ECtHR hearing case brought by youths against 32 countries including Turkey for global warming failures
Malawi calls for more global financing to make cooking cleaner, environmentally sustainable
India’s NTPC Green Energy looks to establish green hydrogen hub
Zimbabwe eases carbon credit law to allow investors to keep larger portion of revenues
Trung Nam's largest wind power project in Vietnam records VND390bn loss amid bond pressure
Trung Nam Dak Lak 1 Wind Power Joint Stock Company recently disclosed its financial performance for the first half of 2023, reporting a post-tax loss of VND390bn (approximately $15.98mn).
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