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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.
In the renewables industry, policy can often dictate the fate of successful projects and investment – REM aims to provide detailed commentary and the latest news on regional issues and decision-making, from a supra-national level such as the European Commission, to national guidance such as the US EPA or Japan’s METI.
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REM: Europe invested €41bn in new wind farms in 2021, says WindEurope
Europe invested €41bn ($43bn) in 2021 in new wind farms, says WindEurope. But the market is only half the size it should be for Europe to reach its new climate change and energy security targets, says the trade group.
Ørsted’s profits surge, but Vestas reports major losses
Offshore wind leader Ørsted’s profits have surged in the first quarter, but wind turbine maker Vestas reported major losses in large part due to Moscow’s invasion of Ukraine. Both companies are Danish.
Three Norwegian companies to collaborate on hydrogen factory linked to offshore wind
Three Norwegian companies – Moreld, Arendals Fossekompani and Kongsberg – are to collaborate on a combined floating offshore substation and hydrogen factory off Norway. The Hydepoint project will be linked to offshore wind farms.
Free residential solar panels proposed in Mexico
Mexico's main opposition party has proposed installing free solar panels with a focus on low-income residences, reports Reuters. The party is seeking to challenge the ruling party of President Andrés Manuel López Obrador.
US utility PacifiCorp seeks 1.345 GW of renewables
The US utility PacifiCorp is seeking 1.345 GW of new wind and solar generation resources, combined with 600 MW of co-located energy storage resources, within the next six years. The projects must be online by year-end 2025 until the end of 2027.
Senators urge Biden to end solar tariff probe soon
A bipartisan group of senators has asked President Joe Biden to wrap up an investigation into solar panel imports as soon as possible.
Shell to triple wind and solar portfolio with $1.5 billion deal including India's Sprng Energy
Oil giant Shell has today signed an agreement with Actis Solenergi to acquire 100% of Solenergi Power for $1.55bn, and the Sprng Energy group of companies as part of the deal.
Ørsted progresses New Jersey port deal
The New Jersey Economic Development Authority (NJEDA) has signed a letter of intent with Ørsted for New Jersey’s first offshore wind project, Ocean Wind 1. And Atlantic Power Transmission will commit $50mn to workforce development.
Zimbabwe president assures energy security
GreenGroup raises €127mn to accelerate regional expansion
Central and Southeast Europe's largest integrated recycling group to expand to meet surging demand for recycling and sustainable products in the region.
EBRD is considering $50mn senior unsecured loan provision to Commercial International Bank – Egypt
Coal expansion slows slightly in 2021, but far more is needed to meet net-zero targets.
Total global coal power capacity under development declined by 13% in 2021 to 457 GW, a record low, with the number of countries building coal plants falling from 41 in 2020 to 34 in 2021.
War in Ukraine puts burgeoning renewables sector in peril
Russia’s invasion of Ukraine has stopped dead the rapid growth of Ukraine’s solar 6,229-MW sector, with up to 1,120-1,500 MW damaged so far, mostly in areas under Russian attack.
Zimbabwe's second city Bulawayo plans to produce clean energy from contaminated dam, solar plants atop old cemeteries
Scatec gets Egypt’s approval for $334.5mn green bonds to refinance Benban solar park projects
MOL to build €22mn green hydrogen plant
IFC, Uzbekistan partner to develop wind power projects
Chances for expanded renewable energy tax credits remain stalled in the US Senate
Prospects for President Joe Biden’s entire Build Back Better agenda again looked dimmer on April 26 as the conservative Democrat Senator Joe Manchin told ABC News bluntly: “There’s not a Build Back Better revival. There’s not."
Boralex, Énergir and Hydro-Québec to develop 1.2 GW of wind in Quebec
Boralex, Énergir and Hydro-Québec are partnering together to develop three wind projects of 400 MW each in the Seigneurie de Beaupré territory, in Quebec, Canada. Total investments for the projects could reach CAD3bn.
First offshore wind farm in the Mediterranean inaugurated
On Earth Day, Renexia SpA inaugurated its almost-complete 30-MW Beleolico offshore wind project, Italy’s first offshore wind farm and the first in the Mediterranean Sea.
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