REM - Renewable Energy

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Power

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REM covers information across all main renewable energy sources, including onshore and offshore wind, solar, geothermal, biomass, biofuels, hydro, wave, tidal and marine. It also gives insight into new and developing technologies such as algal biofuels and advanced storage, keeping our customers abreast of the latest updates and innovations relevant to any of the above sectors.

REM aims to alert readers and investors on the latest large-scale projects and IPOs, giving balanced coverage of potential global opportunities for investors and companies along the renewable energy supply chain.

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Kenya Power targets 55,000 SME customers with smart meters

21 January 2021

Kenya Power is to install smart meters at 55,000 customers in the small and medium enterprise (SME) sector across the country by June, funded by a KES1.25bn ($11mn) grant from the World Bank.

AfDB, EIB sign joint partnership action plan to fast-track development in Africa

21 January 2021

The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan that aims to strengthen co-operation and mutual development priorities.

US rejoins global Paris Accord in bid to tackle climate crisis

20 January 2021

President Joe Biden, sworn into office on 20 January, immediately ordered the US to rejoin the all-important global Paris climate pact. Fighting climate change is a major policy plank of the new president.

Total takes 20% stake in India’s Adani Green Energy

20 January 2021

France’s Total has paid $2.5bn to buy a 20% stake in India’s Adani Green Energy Limited (AGEL) from Adani Group in a move that extends the partnership between the two energy giants’ gas and LNG interests.

Aker Horizons buys 75% stake in Mainstream to drive 5.5-GW expansion

20 January 2021

Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.

Green investment breaches $500mn barrier in 2020

20 January 2021

Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth

Equinor and BP capture largest ever offshore wind award in the US

20 January 2021

The New York State Energy Research and Development Authority (NYSERDA) has selected bids from Equinor and BP for the output of 1.26 GW of Empire Wind 2, and another 1.23 GW of power from Beacon Wind 1.

IEA calls for urgent action to cut methane emissions

20 January 2021

The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.

Ørsted takes FID for North Sea green hydrogen project

20 January 2021

Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021.

Rise in investment increases capital needs for utilities

20 January 2021

A recovery in power demand of 3% on average for the European Union, coupled with a bump up in power prices, should bring European utilities back to growth in 2021, ING Bank said in its recently published Energy Outlook 2021.

Abu Dhabi hydrogen alliance set up

20 January 2021

Mubadala Investment has joined with the Abu Dhabi National Oil Company (ADNOC) and ADQ to establish the Abu Dhabi Hydrogen Alliance with the aim of developing a roadmap to promote the adoption and use of hydrogen across major sectors in the UAE.

Siemens Gamesa wins two onshore wind orders in Vietnam

20 January 2021

Siemens Gamesa in partnership with SEPEC-China Energy has won two turbine orders totalling 217 MW with Hanbaram Wind Power in Vietnam.

Polish energy companies to work on offshore wind projects

20 January 2021

Poland’s PGE Polska Grupa Energetyczna, Enea Group and Tauron Polska Energia have signed a letter of intent to co-operate on the development of offshore wind farms in the Baltic Sea.

Greencoat to acquire stake in four US wind farms from RWE

20 January 2021

UK investment company Greencoat has signed an agreement with Germany’s RWE to acquire a 24% stake for $160mn in four onshore wind farms in Texas, totalling 207 MWe.

Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’

18 January 2021

Government has reportedly also not abandoned plans to build a new plant. Facility was hit by devastating earthquake in 1988.

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