Tag: Clean energy

Five key action areas to put Europe’s energy transition on a more orderly path

Five key action areas to put Europe’s energy transition on a more orderly path

September 10, 2023 |

The energy transition could offer broad economic benefits for the European Union—such as increased energy reliability, economic growth, and job creation—for example, by developing supply chains for renewables such as solar-photovoltaic (PV) manufacturing. In addition to reducing CO2 emissions, a successful transition would strengthen the region’s energy security by reducing dependence on fossil fuels and energy imports.

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Financing Clean Energy in Africa: IEA Report

Financing Clean Energy in Africa: IEA Report

September 8, 2023 | ,

The International Energy Agency (IEA) and the African Development Bank Group have joined forces to produce this new analysis, which benefitted from the review of over 85 case studies and over 40 stakeholder interviews. The report focuses on a range of topics, spanning technologies and financing providers, including local institutions, and looks at what types of capital are most suited for the specificities of each sector or technology. 

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Malta Offshore Renewable Energy Policy: Paper

Malta Offshore Renewable Energy Policy: Paper

September 8, 2023 | , ,

With the introduction of this offshore renewable energy policy, the Maltese government is setting the foundation to venture into a new arena of renewable energy. This initiative will complement the success of onshore photovoltaic rooftop and solar farms, contributing further to the ‘green’ energy transition in line with the EU legislative packages of the European Green Deal, Fit-for-55 initiatives and the REPowerEU plans.

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Opportunities for a Low-Carbon World: UNCTAD Report

Opportunities for a Low-Carbon World: UNCTAD Report

September 8, 2023 | , , ,

The report provides a comprehensive picture of green and frontier technologies today, including analyses of their market size, potential for employment creation, and most promising sectors. It covers 17 frontier technologies such as artificial intelligence, Internet of Things, green hydrogen, and electric vehicles. The report estimates that these technologies already represented a $1.5 trillion market in 2020.

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PLN to build 32 GW of renewable capacity

PLN to build 32 GW of renewable capacity

September 7, 2023 | , , ,

Perusahaan Listrik Negara (PLN), Indonesia’s state-owned utility, is looking to add 32 GW of renewable energy and invest in a transmission system that can connect to renewable energy. Reportedly, this move is part of the company’s plan to decrease its dependency on coal and accelerate the adoption of renewables to generate the country’s power output.

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ICG pledges €400 million to Enfinity Global to fund its near-term growth

ICG pledges €400 million to Enfinity Global to fund its near-term growth

September 7, 2023 | ,

ICG, a leading global alternative asset manager, has signed a contract with Enfinity Global to invest $483 million in equity to funding Enfinity’s near-term growth and the implementation of its business strategy. This investment will help support Enfinity Global’s balance sheet to expedite the completion of its 17 GW portfolio, including 7.3 GW of energy storage assets.

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Clearstone seeks permit for 400 MW battery storage project in UK

Clearstone seeks permit for 400 MW battery storage project in UK

September 6, 2023 | , ,

Clearstone Energy, a UK-based solar and battery energy storage company has seeked planning permission to construct a 400 MW/800 MWh battery energy storage system (BESS) project in Devon, UK. It is named as the Junction 27 project. The company intends to secure the planning permit for the pipeline over the next 12 months and implement it between 2027 and 2032.

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Cable-laying begins at RWE’s 1.4 GW Sofia offshore wind farm

Cable-laying begins at RWE’s 1.4 GW Sofia offshore wind farm

September 6, 2023 | , ,

RWE, a German utility company, has started offshore construction at its 1 GW Sofia offshore wind project on Dogger Bank in the central North Sea, 195 km off the north-east coast of the UK. Prysmian, which is the project’s cable contractor is using its vessel Leonardo da Vinci to lay the first section of high voltage direct current export cable to send the power generated.

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Boskalis bags 1.5 GW cable deals in Poland

Boskalis bags 1.5 GW cable deals in Poland

September 6, 2023 | , ,

Boskalis, a Dutch dredging and offshore contractor has won two big contracts for the transportation and installation of the export and array cables for the 1.5 GW Baltica 2 offshore wind farm in the Polish section of the Baltic Sea. Polish utility PGE Polska Grupa Energetyczna SA and Denmark’s Ørsted A/S gave two deals to the company. Reportedly, the order is valued at over $ 322.5 million.

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EBRD finances CPIH’s 100 MW Kazakh wind farm

EBRD finances CPIH’s 100 MW Kazakh wind farm

September 5, 2023 | , ,

The European Bank for Reconstruction and Development (EBRD) has approved a loan of $39 million to China Power International Holding (CPIH) to support the construction of a 100 MW wind farm to be built in Kazakhstan. The Shokpar wind farm, which is located in the Sarysu district in the Zhambyl region of the country, is an extension of the Zhanatas wind farm.

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Masdar and Jinko finalised for 1.5 GW of Saudi solar projects

Masdar and Jinko finalised for 1.5 GW of Saudi solar projects

September 5, 2023 | , ,

Masdar and Jinko Power have been finalised for the construction of two solar projects in Saudi Arabia with a total capacity of 1.5 GW. Reportedly, the Saudi Power Procurement Company chose the bidders for round 4 solar projects. The larger of the two plans is the 1.1 GW Al Henakiyah solar project, which will be built in western Saudi Arabia’s Medina Province.

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ACCIONA Energía wins 280 MW Canadian wind farm from RES

ACCIONA Energía wins 280 MW Canadian wind farm from RES

September 4, 2023 | , ,

ACCIONA Energía, a Spanish renewables developer, has obtained a 280 MW Forty Mile wind farm in Bow Island, Forty Mile County, Alberta, Canada, from Renewable Energy Systems (RES) Canada. On behalf of ACCIONA Energa, RES will continue to work on the project as the contractor for building the remaining portions of the plant. The operation is anticipated to begin in early 2025.

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Recurrent Energy obtains financing for 120 MW Oklahoma solar project

Recurrent Energy obtains financing for 120 MW Oklahoma solar project

September 4, 2023 | , ,

Recurrent Energy, a subsidiary of Canadian Solar has secured financing of $112 million for the 120 MW North Fork solar plant in Oklahoma from NordLB and Rabobank. Together with Rabobank, NordLB served as the coordinating lead and joint lead arranger for the project. Moreover, the Oklahoma Municipal Power Authority will buy the solar plant’s power under a 15 year contract.

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Statkraft buys 337 MW wind farm portfolio in Germany and France

Statkraft buys 337 MW wind farm portfolio in Germany and France

September 4, 2023 | , ,

Statkraft, a Norwegian renewable energy generator, has bought a wind farm portfolio from Breeze Two Energy, which consists of 39 wind farms with a total power-generating capacity of 337 MW, for $443 million. The acquisition broadens Statkraft’s growing portfolio of wind farms, which now includes 35 farms in Germany and four in France. There are 165 turbines with a combined capacity of 310 MW in the German portfolio.

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US Progress on Building Strong and Diverse Cleantech Supply Chains

US Progress on Building Strong and Diverse Cleantech Supply Chains

September 2, 2023 | ,

Securing materials critical to a variety of energy technologies (e.g., advanced nuclear technologies, energy storage, fuel cells and electrolyzers, solar photovoltaics, and wind) continues to be crucial. Through increased domestic production, recycling, development of alternatives, and friendshoring among U.S. allies and partners, there is a clear path to resilient supply chains for many of these materials and the technologies that currently rely on them.

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Origis commences 200 MW solar farm construction in New Mexico

Origis commences 200 MW solar farm construction in New Mexico

September 1, 2023 | , ,

Origis Energy, a US renewables platform, has begun working on a 200 MW solar farm at the site of a previous coal-powered plant near Grants, New Mexico. Tri-State Generation and Transmission Association, a cooperative engaged in the supply of wholesale electricity, is the beneficiary of the Escalante Solar Project. It will make enough electricity to run around 40,000 households using nearly about 500,000 modules.

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RWE partners with Stanwell for 1.8 GW wind projects in Australia

RWE partners with Stanwell for 1.8 GW wind projects in Australia

September 1, 2023 | , ,

RWE and Stanwell have teamed up to construct two onshore wind farms with a total capacity of 1.8 GW in Queensland Australia. Stanwell will look into energy offtakes and probable equity investment in RWE’s 1.1 GW Theodore wind farm which is under construction near the town of Biloela. A second wind project with 720 MW of capacity is at an initial stage of construction in the southern part of the state.

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