The World Bank group has approved a USD300 million grant to help Burkina Faso, Côte d’Ivoire, Guinea, Liberia, Mali, and Sierra Leone promote electricity trade within West Africa. The program supports trade in cleaner low cost electricity generated from gas, hydro power and other renewable energy technologies.
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Statkraft Ireland secured contracts for over 330 MW of renewable power including two wind projects (57 MW) and two solar projects (276 MWp), in Ireland’s first competitive renewable energy auction under the Government’s new Renewable Electricity Support Scheme (RESS-1).
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There is an increasingly strong case for the use of renewable energy in mining operations, particularly in hybrid systems that operate in combination with grid power or diesel generators.
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On the global stage, the scale of this investment does not raise eyebrows. However, what is important is not just the megawatts. It is why these two utilities are investing in this technology. LADWP has stated that its Intermountain hydrogen project is necessary to meet the utility’s 100 percent renewable energy target. NextEra has no such mandate forcing its hand.
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Australia has taken a leading role globally in energy transition, moving swiftly from conventional to renewable energy. In 2019, renewables accounted for 30 per cent of the country’s total installed capacity. The steady investments in renewables have also led to the country exceeding its renewable energy target of 33,000 GWh in 2019, a year ahead of schedule.
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Tetra Pak has set an ambition target for achieving net zero emissions across its entire value chain by 2050. It has also set an intermediate 2030 target of net zero carbon emissions across its own operations. It plans to procure more renewable energy to achieve these targets.
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Iberdrola and Fertiberia have signed an agreement to investment over Euro 150 million to construct a 100 MW solar photovoltaic plant, a 20 MWh lithium-ion battery system along with a 20 MW electrolytic hydrogen production system.
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Siemens Gamesa has won an order to supply 18 units of its SG 5.0-145 turbines for the construction of the 78 MW Hiep Thanh wind farm which is located off the coast of Tra Vinh Province in Vietnam.
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Norwegian state-owned multinational energy company, Equinor has announced the financial results for the second quarter of 2020.
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The US has made substantial progress towards a low-carbon economy over the past several years. According to research, the benefits of US climate action in today’s economic reality are evident. Strong climate action and investments in low-carbon infrastructure can be effective ways to recover from Covid-19 and secure the economy’s long-term success.
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Shell and Total are betting that expanding their exposure to zero emissions growth sectors in the global energy markets will motivate shareholders to move towards them from ExxonMobil and competitors, but investors may avoid the supermajors altogether unless they demonstrate serious progress towards their stated goals.
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The International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Union (EU) will support the development of the 55 MW Masrik solar plant, the first utility-scale solar power plant in Armenia.
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Vestas has secured a 40 MW order from Japan Wind Development (JWD) for the Hirado Minami Wind Farm in Japan. The order includes the supply and supervision of 11 V105-3.6 MW wind turbines to be delivered with customized 72.5-meter towers.
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Oscilla Power has been selected for a $1.1 million Small Business Innovation & Research award (Phase II) from the US Department of Energy (DoE) for the development of a 50 MW grid-connected wave energy project with energy storage.
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Iberdrola has signed an agreement with the European Investment Bank (EIB) and the Instituto de Credito Oficial (ICO) to drive the green recovery by developing new renewable energy capacity in Spain.
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Enel Green Power (EGP), through its Indian subsidiary Enel Green Power India (EGP India) has signed a long-term agreement with Norfund.
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The European Investment Bank (EIB) has announced that it will provide strategic financial advice and support to RenFuel (Sweden), Bioforever (Netherlands) and Magaldi (Italy) to help prepare their climate action projects for potential financing.
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Air Products, along with ACWA Power and NEOM have signed an agreement for a $5 billion green...
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At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organizations...
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The World Bank has approved an additional grant financing of USD 50 million from the International...
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