Clean Energy

               
Macquarie Asset Management to acquire full ownership of…
Macquarie Asset Management announced that it aims to acquire, using its managed funds, an additional stake worth 39.25% in the Lynn and Inner Dowsing offshore…
               
Intersect Power secures $837 million financing for Texas…
Intersect Power, LLC, announced the closing of two transactions totalling $837 million of financing commitments for the construction and operation of three standalone Battery Energy…
               
SAF production capacity in the US to jump…
The US Energy Information Administration (EIA) reported that the production capacity of sustainable aviation fuel (SAF) in the United States may increase by 1400% in…
               
RWE secures feasibility license for offshore wind farm…
RWE announced that it has received a feasibility licence from the Australian Government to develop an offshore wind farm near the Kent Group Islands in…
               
Saudi Arabia’s PIF enters three joint ventures for…
Saudi Arabia’s Public Investment Fund (PIF) announced it had inked three new agreements to localize the manufacturing and assembly of components required for solar and…
               
Spain announces $2.5 billion plan to boost renewable…
Spanish Prime Minister Pedro Sanchez unveiled a new 2.3 billion euro ($2.5 billion) plan on Wednesday to accelerate Spain’s shift to clean energy. The plan…
               
Avangrid commences operations at True North Solar Project…
Avangrid, a subsidiary of Iberdrola, announced that it has commenced producing power from its True North solar project in Falls County, Texas, near Waco.   According…
               
EU’s 2030 renewable hydrogen goals deemed “overly ambitious”…
European Union’s 2030 goals for renewable hydrogen production and demand were “overly ambitious”, according to the bloc’s spending watchdog, the European Court of Auditors (ECA). …
               
Octopus Energy expects new onshore wind projects following…
The CEO of Britain’s Octopus Energy said in an interview with Reuters that the company expects to announce new onshore wind projects “fairly soon” after…
               
SunCable’s flagship project receives approval to advance to…
SunCable announced that it has secured the principal environmental approval from the Northern Territory Government and Northern Territory Environment Protection Authority for the company’s “flagship…
               
rPlus Energies secures $1 billion financing for Green…
rPlus Energies announced it has secured $1 billion in construction debt financing for its Green River Energy Project subsidiary. The project in Emery County has…
               
Copenhagen Offshore Partners advances Haewoori Offshore Wind Project…
Copenhagen Offshore Partners (COP) announced that the Haewoori Offshore Wind project has finished the Environmental Impact Assessment (EIA) consultation with Korea’s Ministry of Trade, Industry…
               
RWE secures €619 million funding for hydrogen projects…
RWE announced that the German and federal state governments confirmed that over “€ 619 million has been granted to implement two of RWE’s large hydrogen…
               
Leeward Renewable Energy boosts growth with $1.25 billion…
Leeward Renewable Energy (LRE) announced that it has secured $1.25 billion in construction warehouse financing. This financing expands LRE’s financing capacity to facilitate the continuous…
               
Naked Energy raises £17 million to accelerate global…
Naked Energy, a Britain-based solar heat and power company, announced that it has secured £17 million of new equity as part of a Series B…
               
Supermarket chain partners with energy transition firm to…
Supermarket chain Carrefour Market announced that it is partnering with GreenYellow to install and operate photovoltaic power production equipment in around 350 of its hypermarket…
               
TotalEnergies, UK power join hands to launch EV…
French oil giant TotalEnergies and UK power company SSE announced plans to capture a 20% share of the electric vehicle (EV) fast-charging market in Britain…
               
Akaysha Energy Secures Record A$650 Million BESS Financing 
Akaysha Energy announced the completion of a $650 million debt raise with a consortium of eleven domestic and international banks.   This financing will support the…
               
Quinbroook and Origin Energy expand partnership with Stage…
Quinbrook Infrastructure Partners, a global investment manager specialising in energy transition infrastructure, announced an expansion of its partnership with Origin Energy.   The partnership expansion entails…
               
Iberdrola and Multiverse Computing complete trials to increase…
Iberdrola, an energy company, and Multiverse Computing, a value-based quantum computing solutions company, announced the successful completion of a pilot project in northern Spain.   The…
               
Rio Tinto and Ngarluma collaborate on renewable energy…
Rio Tinto and Ngarlum Aboriginal Corporation (NAC) announced that they will partner to develop an 80-megawatt (MW) solar farm in Ngarluma Country, near Karratha.   The…
               
Swiss Life Asset Managers acquires Vergia to boost…
Swiss Life Asset Managers has announced the acquisition of Vergia, a leading platform based in Norway focused on advancing the green energy transition. This acquisition,…
               
EU to call for global transition from fossil…
The European Union plans to urge other nations at this year’s COP29 climate summit to honor their commitments to transition away from fossil fuels, according…
               
Ørsted innovates new low-noise method for offshore wind…
Ørsted announced that it is working on developing a “new, lower-noise installation method” that could possibly transform the installation of offshore wind foundations.   According to…
               
Essar Energy to launch Europe’s first 100% hydrogen-ready…
Essar Energy Transition (EET) announced the launch of EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP).   The plant is proposed to…
               
Fertiglobe wins bid to supply renewable ammonia to…
Fertiglobe, a chemical industry company, announced that it has been chosen as the winning bidder for delivering renewable ammonia to the European Union, following a…
               
Iberdrola signs PPA with Burger King to supply…
Iberdrola, through its subsidiary Iberdrola España, announced that it has signed a new long-term power purchase agreement (PPA) with Burger King.   As per the agreement,…
               
Atlantic Shores submits bid for New Jersey’s offshore…
Atlantic Shores Offshore Wind (Atlantic Shores) announced that it has submitted a proposal to the Fourth Offshore Wind Solicitation (NJ4).   The proposal features projects strategically…
               
Recurrent Energy signs 10-year-long PPA with GKN Automotive
Recurrent Energy announced that it had inked a 10-year-long power purchase agreement (PPA) with GKN Automotive, a company focusing on drive systems.  The PPA will…
               
BRK inks agreement with Elera for supply of…
BRK and Elera, a power generation company owned by the Canadian group Brookfield, announced a partnership in which BRK will acquire 48 megawatts (MW) of…
               
RWE and Masdar’s Dogger Bank South offshore wind…
RWE and Masdar announced that they had reached a crucial developmental milestone for the Dogger Bank South Offshore Wind Farms (DBS).   The announcement mentioned that…
               
China leads global renewable energy surge with two-thirds…
Research by Global Energy Monitor showed nearly two-thirds of the world’s big wind and solar energy production plants are in China.   China currently has 339 GW of capacity…
               
Renewables growth rate falls short of 2030 target,…
A report from the International Renewable Energy Agency (IRENA) on Thursday revealed that the world may fail to triple its renewable energy capacity by 2030…
               
Strathcona Resources partners with Canada Growth Fund to…
Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and sequestration (CCS) infrastructure on facilities across…
               
China’s coal generation hits record low in May…
According to a new analysis published on Carbon Brief, clean energy generated a record-high 44% of China’s electricity in May 2024, pushing coal’s share down…
               
Neoenergia and Brazil’s Ministry of Defense partner for…
Neoenergia and the Ministry of Defense announced the signing of a Technical Cooperation Agreement to finalize contracts with Brazil’s Armed Forces.   The initiative focuses on…
               
Orsted assumes ownership by purchasing the remaining shares…
Orsted announced that it has completed the acquisition of Eversource Energy’s 50% share in Sunrise Wind offshore wind project. With this acquisition, Orsted is now…
               
US offshore wind sector set to invest $65…
The American Clean Power Association (ACP) released the 2024 Offshore Wind Market Report, which highlighted that the clean power industry is predicted to invest nearly…
               
SSE and APG advance offshore wind farm development…
The ‘Noordzeker’ consortium, a joint venture between SSE and APG (representing Dutch pension fund ABP), announced that it will progress with the development of the…
               
UK’s former climate watchdog appointed to lead ‘mission…
UK’s Labour Party has appointed Chris Stark, a leading climate expert and former head of the UK’s climate watchdog, to lead a “mission control centre”…
               
Levanta Renewables enters the Thai solar market with…
Levanta Renewables, a renewable energy developer and independent power producer in Southeast Asia, announced that it has finalized the acquisition of a 90% controlling stake…
               
Clearway Energy secures financing, initiates repowering of South…
Clearway Energy Group announced the successful closure of financing and the commencement of repowering construction for its Cedro Hill wind farm located in Webb County,…
               
Dominion Energy expands offshore wind portfolio with acquisition…
Dominion Energy announced that it reached an agreement to acquire the Kitty Hawk North Wind offshore wind lease and associated developments from Avangrid, Inc. for…
               
HMC Capital acquires majority stake in Stor-Energy for…
Australian asset manager HMC Capital announced a $50 million deal to acquire a majority stake in Sydney-based battery project developer Stor-Energy over three years.  This…
               
Battery storage firm initiates strategic expansion into Spain 
Field, a battery storage firm, announced its expansion into Spain. The firm’s general manager, Toni Martinez, is spearheading the expansion, which will see the company…
               
China’s Ministry of Industry sets new solar PV…
China’s industry ministry proposed a draft rule on Tuesday that raises the minimum capital requirement to 30% for solar photovoltaic (PV) manufacturing projects. Previously, the…
               
Obton partners with investment manager to acquire a…
Danish solar PV company Obton announced its first joint venture with investment company GSSG Solar. Together, the two firms acquired a portfolio of nine Japanese…
               
Wind farms supplied 34% of Ireland’s electricity in…
According to the June Wind Energy report released by Wind Energy Ireland, wind farms accounted for 34% of Ireland’s electricity generation in the first half…
               
L&T renewable arm lands contract for 3.5 GW…
The renewables arm of Larsen and Toubro (L&T) announced that it has finalized mega orders with “a leading developer” in the Middle East to build…
               
TotalEnergies and SLB partner to develop digital solutions…
TotalEnergies announced a partnership with SLB to develop “innovative digital solutions” to accelerate efforts to contribute to more sustainable hydrocarbon production.   As part of the…
               
Technip Energies and SBM Offshore establish Ekwil for…
Technip Energies, an engineering and technology company, and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint venture.   According to…
               
Budweiser Brewing achieves 25% carbon emission reduction in…
Budweiser’s China unit has reduced its carbon emissions by more than 25%, achieving the target two years ahead of schedule. The beer company is leveraging…
               
Corre Energy, SemperPower announce €7 million joint venture…
Corre Energy announced a joint venture (JV) with SemperPower, an energy equipment and solutions company, to develop one of Europe’s largest battery storage facilities. The…
               
ERM begins offshore trials for Dolphyn Hydrogen Process…
ERM, a sustainability consultancy company, announced that it has commenced offshore trials to test the key elements of its Dolphyn Hydrogen process.   The trials mark…
               
European Energy secures grid connection approval for 500…
European Energy announced that it had acquired grid connection approvals for nearly 500 megawatts (MW) of solar and wind energy projects across Romania.  The approvals…
               
EU approves €10.82 billion plan for French offshore…
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition…
               
ENGIE and BASF sign 7-year Biomethane Purchase Agreement
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7…
               
EBRD loans over $14 million to Moroccan mining…
The European Bank for reconstruction and Development (EBRD) announced that it is providing $14,635,368 loan to Morocco’s mining sector to help set up its transition…
               
South Africa possesses significant potential in the production…
At the IATA Wings of Change Focus Africa conference in Johannesburg, the International Air Transport Association (IATA) called upon South Africa to harness its resources…
               
Norway seeks to explore renewable energy, carbon capture…
According to the energy minister, Norway aims to enhance its partnership with Indonesia and explore investment opportunities in renewable energy, such as hydropower and carbon…
               
Covestro and BP sign long-term power purchase agreement
Covestro, a polymer materials manufacturing company, announced that it has signed a 10-year-long power purchase agreement (PPA) with bp. The purchased power will be supplied…
               
Bekaert and Rezolv Energy sign 10-year virtual power…
Bekaert, announced that it has signed a 10-year virtual power purchase agreement(VPPA) in Romania with Rezolv Energy, an independent power producer in Central and Southeastern…
               
Report highlights grid access as top obstacle for…
According to WindEurope, securing access to the electricity grid is the number one bottleneck to deploying renewables at scale in Europe.   WindEurope’s report added that…
               
US achieves surge in clean energy investments, says…
According to the IEA’s latest review of US energy policies, the country has made significant strides in recent years in its efforts to ensure a…
               
Spain’s Zelestra secures additional €225 million for clean…
Spanish renewable power developer Zelestra announced that it has added €225 million to its €310 million sustainability-linked loan signed in 2023. The company is looking…
               
European citizens invited to invest in the Greek…
Akuo Group announced the opening of a crowdfunding campaign for a portfolio of solar power plants in the Thessaly region of Greece. The group said…
               
India’s solar power growth hits 6-year low amid…
India’s solar power growth slowed to its lowest rate in six years during the first half of 2024, according to data from the federal grid…
               
Cepsa and PreZero Spain partner to convert waste…
Cepsa announced that it has entered a strategic partnership with PreZero Spain to advance objectives related to decarbonization.   According to the agreement, PreZero Spain will…
               
Luxcara selects Chinese turbines for offshore wind farm…
Luxcara, an independent German asset manager for clean energy infrastructure projects, announced that it has signed a “preferred turbine supplier”.   The asset manager has signed…
               
Genex secures $107 million funding for its solar…
Genex Power announced that it has secured a five-year $107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.   The…
               
US Department of the Interior approves ninth offshore…
The US Department of the Interior announced the approval of the Atlantic Shores South offshore wind energy project, the country’s ninth commercial-scale offshore wind energy…
               
Redflow and Stanwell partner to boost Queensland’s energy…
Redflow Limited, a clean energy storage company, announced it had signed a Memorandum of Understanding (MoU) with one of Queensland’s government-owned coal-fired generators, Stanwell Corporation.…
               
EIB and Snam sign €100 million financing agreement…
The European Investment Bank (EIB) announced that it has entered a € 100 million financing agreement with Snam, an Italian energy infrastructure company. The funds…
               
BOEM approves construction and operations plan for New…
The US Bureau of Ocean Energy Management (BOEM) announced that it has approved the New England Wind Construction and Operations Plan (COP) for two offshore…
               
Private equity fund acquires stake in Solar Sovereign  
Texas-based fund Inferno Capital Group announced that it has acquired a significant stake in energy company Solar Sovereign.   The group said that this move signifies…
               
Air New Zealand welcomes 500,000-litre shipment of SAF
Air New Zealand has welcomed its first shipment of 500,000-litre Sustainable Aviation Fuel (SAF) into Wellington. The airline announced that this is a step towards…
               
EIB to provide €300 million loan to Europe’s…
The European Investment Bank (EIB) announced that it is providing voestalpine AG, a steel and technology company, a loan of €300 million. voestalpine AG is…
               
Egypt’s wind megaproject of $10 billion to begin…
Construction on one of the world’s largest wind farms in Egypt is set to commence by March 2026, according to a statement from a company…
               
Iberdola’s 1 billion Windanker project reaches delivery phase
Iberdrola announced that its €1 billion Windanker project in Germany has reached the delivery phase. All associated supply chain contracts for major components are secured…
               
Gunvor and Quercus announce partnership to develop 3…
Gunvor Group, a prominent energy commodities trading company, has announced a partnership with Quercus Real Assets Limited, a specialist in international renewable investments focused on…
               
World Bank invests additional $1.5 billion to boost…
The World Bank’s Board of Executive Directors announced that it has approved $1.5 billion in financing for a second operation to help India accelerate the…
               
ARENA approves $143 million for 370 community batteries…
The Australian Renewable Energy Agency (ARENA) announced that it has conditionally approved up to $143 million to support the deployment of approximately 370 community batteries…
               
Deep Wind Offshore secures expansion in Baltic Sea…
Deep Wind Offshore announced that it has extended its exclusive rights to develop an offshore wind farm in the Baltic Sea region by winning an…
               
US Department of the Interior announces offshore wind…
The US Department of the Interior announced that it will hold an offshore wind energy lease sale in the Central Atlantic. The lease will target…
               
China’s offshore wind power costs set to undercut…
For the first time this year, the price of offshore wind power in China will fall below that of coal-generated electricity. The government has approved…
               
Recurrent Energy signs $103 million agreement with Bank…
Recurrent Energy, a developer, owner, and operator of solar and energy storage assets, announced that it had completed signing a $103 million tax credit facilitation…
               
Renewco and INDHO announce joint venture to launch…
Renewco Power, a UK-based renewable energy platform, announced a joint venture with INDHO, a green hydrogen developer, to develop a new platform focused on green…
               
EIB and Cepsa sign €285 million loan agreement…
The European Investment Bank (EIB) and Cepsa announced the signing of a €285 million loan agreement. The funds will be used by Cepsa to construct…
               
Positive results for JERA’s ammonia co-firing trial at…
JERA, a Japanese power generator, announced the successful conclusion of a three-month trial at its Hekinan Thermal Power Station in Central Japan. In this trial,…
               
Singapore’s Renewable Energy Investor Acquires Rānui Generation 
SC Oscar, the Singapore-based renewable energy investor, acquired New Zealand renewables developer Rānui Generation for an undisclosed amount, as the infrastructure fund manager aims to…
               
Malaysia announces plans to fully retire CFPPs by…
At the London Climate Action Week, Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof said the country has established a phase-out plan for existing coal-fired…
               
Oman shortlists nine companies for the Ibri III…
Nama Water and Procurement Company (NWAP), Oman’s sole provider of electricity, water and wastewater services, announced the list of prequalified applicants shortlisted for the development…
               
Edison partners with Blunova for floating offshore wind…
Edison, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) to jointly develop a floating offshore…
               
EU proposes a framework to resolve funding disputes…
A document seen by Reuters showed that the European Union (EU) will outline guidelines for its member states to jointly develop large-scale renewable energy projects.…
               
Arizona utility Salt River Project adds two additional…
Arizona utility Salt River Project (SRP) and Plus Power LLC announced the addition of two battery storage systems. The two systems—Sierra Estrella Energy Storage and…
               
Australia stresses batteries’ crucial role amid plans to…
Australia’s largest electricity grid identifies household batteries as crucial, requiring A$122 billion ($81 billion) annually to replace ageing coal-fired power stations and address increasing energy…
               
Europe’s biggest airline group to charge up to…
Deutsche Lufthansa AG plans to introduce a surcharge of up to €72 ($77) per flight next year to cover the increasing costs of alternative fuels…
               
GE Vernova announces milestone gas turbine and services…
GE Vernova announced that it has received a major gas turbine order and a long-term service agreement for power plants in Saudi Arabia.   The order,…
               
Evri invests £19 million to boost electric cargo…
To accelerate its commitment to sustainability, Evri, a UK-based parcel delivery company, announced an investment worth £19 million. This new funding will expedite the rollout…
               
Fervo Energy signs two 15-year PPAs with Southern…
In a press release, Fervo Energy, a green energy supplier, announced the signing of two 15-year power purchase agreements (PPAs) with Southern California Edison(SCE).   The…
               
Alcazar Energy announces $500 million investment to launch…
In a press release, Alcazar Energy Partners unveiled its plans to launch the biggest onshore wind farm project in North Macedonia with an investment of…
               
European Investment Bank to provide €1.2 billion loan…
The European Investment Bank announced in a press release that it would provide a €1.2 billion loan to RWE to finance the construction of the…
               
Heirloom announces plans to build two direct air…
Heirloom, a direct air capture company, announced that it plans to establish two direct air capture (DAC) facilities in Louisiana. The company stated in a…
               
KKR and IGNIS partner to launch platform for…
KKR, a global investment firm, and IGNIS, a Spanish renewable group, announced in a press release that they are collaborating on the launch of IGNIS…
               
ExxonMobil partners with Air Liquide to advance the…
ExxonMobil, an international energy and petrochemical company, and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s…
               
EU distributes nearly €3 billion across member states…
The European Commission announced that the European Union (EU) has distributed €2.967 billion via the Modernisation Fund to back 39 energy projects in 10 member…
               
Doral Renewables secures $400 million investment from Dutch…
Doral Renewables, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority equity investment by Dutch pension fund…
               
Second High-Level Dialogue on clean energy financing held…
The second round of the High-Level Energy Transition Dialogues, a preparatory event for the upcoming COP29 climate change conference in Baku, Azerbaijan, was hosted by…
               
Global initiative RE100 calls on Japan to triple…
On Tuesday, RE100, a global corporate initiative promoting renewable energy procurement, urged the Japanese government to swiftly and decisively triple its renewable electricity capacity by…
               
Rolls-Royce innovates with consortium on next-gen hydrogen engine…
Rolls-Royce Power Systems, a subsidiary of Rolls-Royce Holdings, is working with a consortium of five companies on developing the technologies required for a “highly efficient…
               
Sunrise Wind offshore project in the US gets…
Sunrise Wind, New York’s largest offshore wind project, announced in a press release that it has obtained approval for its Construction and Operations Plan (COP)…
               
Australia’s first CIS auction attracts 40 GW of…
Australia’s inaugural National Capacity Investment Scheme (CIS) auction has attracted significant interest. Investors propose 40 GW of new renewable energy projects, including wind and solar…
               
Nextracker acquires US-based Ojjo for $119 million
Nextracker, a solar trackers solutions provider, announced in a press release that it has acquired Ojjo, a solar foundations expert, in an all-cash transaction for…
               
European Commission approves €3 billion German state aid…
In a press release, the European Commission announced that it has approved a €3 billion German scheme to fund the construction of the “Hydrogen Core…
               
SENCO announces €20 million investment in Strohm’s to…
SENCO Hydrogen Capital, a private equity firm specializing in investments in hydrogen and energy-in-transition spaces, announced a € 20 million investment in Strohm, an international…
               
E-fuels offer a long-term solution for key transport…
According to a report by Wood Mackenzie (WoodMac), e-fuels could provide a solution for powering essential transportation sectors like ships, long-haul aircraft, and heavy-duty commercial…
               
ACCIONA Energia and Vidrala ink PPA for electricity…
ACCIONA Energia announced in a press release that it has inked a power purchase agreement with Vidrala, a glass packaging design and manufacturing company.   The…
               
Climate lawsuit against Italy’s Eni delayed due to…
A decision on a lawsuit filed by Greenpeace and ReCommon against Italy’s Eni, an energy group, for its role in contributing to climate change through…
               
Synhelion launches world’s first solar-powered synthetic fuel plant 
According to a press release, Synhelion, a clean energy company, inaugurated the world’s first industrial-scale plant to make synthetic fuels using solar heat.   Named DAWN…
               
Recurrent Energy secures $513 million for Arizona energy…
In a press release, Recurrent Energy announced that it had secured $513 million in funds as project financing for its Papago Storage project in Arizona.  …
               
Government intervention aims to stabilize China’s solar market 
China’s government has pledged to support struggling solar manufacturers by guiding capacity expansions and preventing redundant investments.  Li Chuangjun, director of the agency’s renewable energy…
               
Masdar to Acquire Terna Energy in €3.2 Billion…
In a press release, Masdar announced that it had reached a definitive agreement with Terna Energy to completely take over the firm. Masdar is planning…
               
ARENA funds Amber Electric for Vehicle-to-Grid trial  
The Australian Renewable Energy Agency (ARENA) announced in a press release that it will provide $3.2 million in funding to Amber Electric to test out…
               
Qualitas Energy inks long-term VPPA with Salesforce 
In a press release, Qualitas Energy announced the inking of a deal of long-term virtual power purchase agreement (VPPA) with Salesforce for 27 MWp of…
               
Frontier secures $48.6 million offtake agreements with Stockholm…
In a press release, Frontier announced that it had facilitated offtake agreements with Stockholm Exergi, marking the initiation of Europe’s foremost commercial-scale carbon removal retrofit…
               
Equatic set to build North America’s first commercial-scale…
Equatic, a carbon removal company, announced in a press release that the engineering on North America’s first commercial-scale ocean-based carbon dioxide removal (CDR) plant is…
               
Vestas secures 577 MW order for Golden Plains…
In a press release, Vestas, a renewable energy company, announced that it has been awarded the Engineering, Procurement, and Construction (EPC) for the second stage…
               
UK’s Octopus Energy to invest $2 billion in…
Octopus Energy, a UK-based electricity supplier, announced its first investment in US renewables. It targets investment worth $2 billion in US renewables by 2030.  In…
               
DRI expands renewable portfolio in Romania with 126…
DRI, the renewable energy arm of DTEK Group, announced in a press release that it is purchasing a 126-megawatt (MW) solar park project in Văcărești.  …
               
Sineng Electrical partners with Chinese state-owned DEC International…
Sineng Electric announced it is forming a strategic partnership with DEC International, a Chinese state-owned power equipment manufacturer. The partnership aims to drive innovation and…
               
Macquarie Asset Management set to sell 37.5% stake…
In a press release, Macquarie Asset Management announced that it has finalized an agreement to sell a 37.5% stake in the Race Bank Offshore Wind…
               
Global offshore wind capacity increases with 10.8 GW…
The Global Wind Energy Council (GWEC) published a report highlighting a significant milestone in the offshore wind sector, with the installation of 10.8 gigawatts (GW)…
               
Iberdrola secures final environmental approval for Portugal’s largest…
Iberdrola, a Spanish energy company, announced in a press release that it has obtained the latest approval to build Portugal’s largest wind farm. Further approvals…
               
Asset management firm to invest $267 million in…
White Summit Capital, an investor and asset manager in sustainable energy infrastructure, will invest 250 million euros ($267 million) in a green hydrogen and methanol…
               
IFC commits $105 million to Brookfield’s 500 MWp…
The International Finance Corporation has announced its commitment to partially finance a 550 MWp solar power project in Rajasthan, India, managed by Brookfield Asset Management.  …
               
Australia announces fourth offshore wind zone off NSW…
Australia’s Minister for Climate Change and Energy, Chris Bowen, declared a section in the Pacific Ocean off the Illawarra coast in New South Wales for…
               
Energy investments key to propel Africa’s prosperity, IEA…
In a recent report, the International Energy Agency highlighted the vitality of energy investments in the prosperity of the nation.   The report highlights disparities, revealing…
               
Clean energy investments for emerging nations among top…
People in countries most vulnerable to climate change face the consequences of extreme weather conditions. Despite playing a minimal role in driving climate change and…
               
Orsted announces completion of 518 MW energy centre…
Orsted, an energy company, announced the completion of its energy centre in Bee County, Texas, in a press release.  The Helena Energy Centre has a…
               
Philippines suspends new green energy applications to revamp…
The Philippines plans to temporarily halt the processing of new applications for renewable energy projects as it overhauls regulations. This follows a surge in contracts…
               
Highview Power secures £300 million investment for UK’s…
Highview Power, an energy storage company, announced that it has secured the support of the UK Infrastructure Bank (UKIB) and Centrica with a £300 million…
               
ThyssenKrupp Steel to present green steel plant proposals…
ThyssenKrupp Steel Europe plans to propose a green steel plant at Duisburg. The company aims to switch to direct reduction steelmaking to gradually replace the…
               
SENSEWind announces plans for innovative 6 MW wind…
SENSEWind announced in a press release that it plans to construct a 6 MW wind turbine using its innovative SENSE installation system. This project will…
               
Microsoft inks long-term PPAs with European Energy to…
European Energy announced that it has signed a chain of power purchase agreements (PPAs) with Microsoft.   European Energy issued a press release announcing the PPAs,…
               
Startup eyes US factory for futuristic solar panels,…
California-based startup Swift Solar Inc. intends to construct a factory in the United States within the next two to three years to manufacture its advanced…
               
Koehler Group decarbonizes CFPP, switches to biomass
At its Oberkirch site, the Koehler Group is upgrading its power plant to use eco-friendly biomass as fuel. With the last piece of coal now…
               
EIB to provide advisory support to Bulagaria’s national…
According to a press release by NEK, the European Investment Bank (EIB) is set to provide advisory assistance to Bulgaria’s national electricity company, Natsionalna Elektricheska…
               
Spain leads Europe in solar capacity but faces…
Recent research by Global Energy Monitor shows Spain has more utility-scale solar capacity in operation (29.5 GW) than any other European nation. However, it risks…
               
Seabased and BIDC sign MoU to catalyze Barabados’…
Seabased Group and The Barbados Investment and Development Corporation (BIDC) have signed a memorandum of understanding (MoU) to build a “wave park as part of…
               
Orsted announces plans to install Tesla battery storage…
According to a press release, Orsted, a Danish renewable energy company, will install a Tesla Megapack battery energy storage system (BESS) in England.   The company…
               
Vesper Energy secures $592 million investment for Hornet…
Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, totalling around $592 million in investment.   In a…
               
Microsoft and Repsol ink six long-term renewable energy…
According to a press release, Repsol, a Spanish energy company, has signed six 12-year virtual power purchase agreements (VPPAS) with Microsoft.   The agreement comprised of…
               
Chinese solar industry urges government action amid price…
Chinese solar panel manufacturers are calling for immediate government intervention. They aim to curb investment and foster industry collaboration, to stop the steep decline in…
               
Europe will need to invest more in sustainable…
European leaders are urged to increase investment in synthetic aviation fuels alongside biofuels to achieve Net-Zero targets and decarbonize aviation by 2050.  Relying solely on…
               
Netherlands concludes largest offshore wind auction for two…
The biggest-ever auction for offshore wind projects in the Netherlands has ended, with major companies set to develop the sites. A group of companies, including…
               
Tronox inks PPA for renewable energy in South…
Tronox Holdings PLC, a titanium dioxide producer, announced it has inked a power purchase agreement (PPA) with South African energy company NOA Group Ltd.   According…
               
Hitachi Energy to invest additional $4.5 billion by…
Hitachi Energy plans to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnership by 2027 to accelerate the clean energy transition.  In…
               
Report warns UK offshore wind targets at risk,…
A recent report by the Institute of Public Policy Research (IPPR) reveals a disparity between the United Kingdom’s (UK) offshore wind farm ambitions and its…
               
Candi Solar lands $38 million in funding to…
Candi Solar, a clean energy company specializing in solar power solutions, announced that it had secured $38 million in equity investment in a successful funding…
               
US International Trade Commission investigates Southeast Asian solar…
According to a statement by the US International Trade Commission(USITC), the body voted to continue investigating whether crystalline silicon photovoltaic (PV) cells manufactured in Cambodia,…
               
TotalEnergies and Air Products Forge Green Hydrogen deal 
French oil and gas company TotalEnergies has signed an agreement with Air Products, a US industrial gas company, to deliver green hydrogen. In a press…
               
Swiss government approves law to boost renewable energy…
The Swiss government approved a new climate bill that aims to enhance the development of renewable energies. The push towards renewable energies is part of…
               
Adani Green Energy plans to invest over $1…
India’s Adani Green Energy Ltd (AGEL) will invest over $1 billion in setting up wind power and other energy projects in Sri Lanka. This would…
               
India presents $500 billion clean energy investment prospects…
At the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore, Sunil Barthwal, India’s Commerce Secretary, highlighted India’s vast investment opportunities within…
               
Brookfield Asset Management and Microsoft ink largest-ever clean…
Brookfield Asset Management’s energy arm and Microsoft have inked a clean-energy purchase agreement to develop wind and solar farms.   The deal, set to commence in…
               
Sri Lanka enacts law to boost renewable energy…
Sri Lanka’s parliament passed a law aimed at boosting investment in renewable energy. This legislation is part of the country’s efforts to reduce financial losses…
               
US solar industry races to deploy stockpiled panels…
As the two-year US tariff break on solar panels from Southeast Asia ends, American project developers must now swiftly deploy the large stockpile of duty-free…
               
China to add 2.5 GW electrolyser capacity by…
China is reportedly planning to install 2.5 gigawatts (GW) of electrolyser capacity by the end of this year. This capacity is believed to be enough…
               
US solar industry records 11 GW surge in…
In a press release, the Solar Energy Industries Association (SEIA) announced that a record-breaking 11 gigawatts (GW) of new solar module manufacturing capacity came online…
               
SSE eyes 800 MW offshore wind farm to…
SSE, a multinational energy company, submitted the planning consent application for the proposed Arklow Bank Wind Park 2 project. The proposed project is reported to…
               
Africa Energy Bank set up with a capital…
In a press release, the African Petroleum Producers Organization, along with the African Export-Import Bank (Afreximbank), announced the signing of the Establishment Agreement and the…
               
Sol Systems secures $85 million debt investment from…
Macquarie Asset Management and Sol Systems have announced an $85 million debt investment to support the construction and operation of five utility-scale solar projects in…
               
Maruti Suzuki commits around $54 million to renewable…
Maruti Suzuki plans to invest Rs 450 crores ($54 million) over three years in commissioning renewable energy projects related to solar power generation and biogas.  …
               
Global clean energy investment to hit $2 trillion…
The International Energy Agency (IEA) forecasts that global investment in clean energy technology and infrastructure will reach $2 trillion this year, doubling the amount allocated…
               
China debuts world’s largest solar farm 
A Chinese state-owned company said on Monday it had connected the world’s biggest solar plant in northwestern Xinjiang to the grid.  According to a Reuters…
               
Warren Buffet-backed Occidental Petroleum and BHE Renewables to…
Occidental Petroleum and BHE Renewables, a subsidiary of Warren Buffet’s Berkshire Hathaway, announced that they were working on a joint venture to extract lithium, according…
               
Octopus Australia acquires land for $3.5 billion wind…
Octopus Australia, an investment company, announced its acquisition of 28,000 hectares of land near Deniliquin, New South Wales (NSW), to develop the 1-gigawatt (GW) Merino…
               
European Commission approves Italian State aid scheme to…
In a press release, the European Commission declared that it had granted support for an Italian scheme, under state aid rules, to add 4590 MW…
               
Elawan Energy and R.Power SA to build 2-GWp…
Elawan Energy, a Spain-based renewables developer, has collaborated with R.Power SA on a joint venture. According to a report by Renewables Now, the venture’s goal…
               
Ceres and Shell collaborate to produce green hydrogen 
Ceres Power Holdings, a UK-based developer of clean energy technology, said it has secured an additional contract for the second phase of its collaboration with…
               
New analysis shows COP28’s promised global goals to…
According to the International Energy Agency’s analysis released on Tuesday, the combined efforts of countries would expand renewable energy by 2.2 times by 2030. The…
               
Scotland eases restrictions on rooftop solar panels 
The Scottish Government has decided to remove the requirement for planning permission to install solar panels on rooftops. Earlier, planning permission was required to install…
               
ACWA Power and Tunisia sign MoU for green…
According to a press release by ACWA Power, the company and the Tunisian Government have signed a Memorandum of Understanding (MoU) for a potential project…
               
EU’s new proposed sanctions on Russia unlikely to…
According to a Reuters report, the new sanctions proposed concerning the transshipments of Russia’s liquefied natural gas (LNG) are not believed to hurt Asian buyers,…
               
Green investors anxious as energy prices drop 
In Europe’s power markets, energy prices are dropping below zero. The demand-supply chain is being compromised as the supply sometimes vastly exceeds the demand.  Although…
               
EU to officially withdraw from Energy Charter Treaty 
The European Union (EU) is reportedly withdrawing from the Energy Charter Treaty (ECT). Energy ministers met in Brussels to vote on this decision, and they…
               
Survey reveals emerging cost-effective long-duration energy storage technologies 
A survey of seven long-duration energy storage (LDES) technology groups by BloombergNEF, highlights the cost-effectiveness of certain energy storage technologies for longer durations.   The survey…
               
UK’s ex-chief scientific adviser stresses the urgency to…
The Chief Scientific Adviser, Sir Patrick Vallance, who gained prominence during the pandemic, agreed with Sir Keir Starmer’s pledge to decarbonize Britain’s electricity supplies by…
               
German coal company may get $1.1 billion for…
Germany’s second-largest coal miner will likely receive approximately $1.1 billion in compensation for ceasing its fossil fuel operations. However, Bloomberg reported that the European Commission…
               
Britain’s Electricity System Operator takes action on inaccurate…
The National Grid Electricity System Operator (ESO) for Great Britain revealed methods to tackle inaccurate data provided by wind generators. The measures taken by the…
               
EU wind and solar power up by 46%,…
A report by Ember, a think tank, revealed that wind and solar power generation in the European Union increased by 46% from 2019 to 2023.…
               
Clearvise AG acquires solar park with a 42MWp…
In a press release, Clearvise AG, a German renewable power producer, announced its acquisition of the Wolfsgarten solar park from ALTUS Renewables GmbH (ALTUS). The…
               
Five upcoming potential offshore wind projects to look…
A Global Wind Energy Council report says developing countries who need to balance economic growth with energy security and are targeting to deliver their climate…
               
Sunny side down for Germany’s solar power sector 
Germany’s once-promising solar power sector is facing significant headwinds. According to recent market research conducted by SEB Research, Germany’s solar power production superseded demand, creating…
               
UK Nuclear Association unveils manifesto ahead of general…
Britain’s Nuclear Industry Association (NIA) has announced its planned industry manifesto for 2024 ahead of the general elections. According to Energy Live News, the manifesto…
               
South Korea to generate 70% of its power…
South Korea aims to get 70% of its electricity from clean energy, such as renewables and nuclear power, by 2038, a significant increase from the…
               
USA announces initiative to modernize power grid with…
The Biden-Harris administration launched the Federal-State Modern Grid Deployment Initiative to modernise the power grid by gathering the states, federal entities and stakeholders in the…
               
Andrew Forrest plans massive 2 GW renewable energy…
Squadron Energy, owned by billionaire Andrew Forrest, is seeking to construct a huge renewable energy park with 2-gigawatt (GW) wind and solar farms attached to…
               
Plural Energy secures $2.33 million to make clean…
Plural Energy, a financial technology company and an on-chain investing platform announced that it has secured $2.33 million in pre-seed funding. Necessary Ventures and Compound…
               
EU quits energy investment treaty citing climate concerns 
Belgian European Union presidency said EU countries unanimously agreed to jointly quit an international energy treaty due to concerns that it protects fossil fuel investments…
               
Beatrice Offshore Windfarm Ltd. to pay $42.3 million…
According to the United Kingdom’s energy regulator Ofgem, Beatrice Offshore Windfarm Limited (BOWL) has agreed to pay $42.3 million as a fine for breaching the…
               
Jakson Green procures $7.2 million funding from HSBC…
Jakson Green Pvt Ltd., a newly established energy transition firm, recently secured $7.2 million as funding from HSBC India, according to a report by The…
               
US Internal Revenue Service unveils new clean energy…
The US Department of the Treasury and Internal Revenue Service (IRS) released unpublished proposed guidance on technology-neutral clean electricity incentives in the Inflation Reduction Act…
               
China introduces new policies as renewable energy expansion…
According to a Bloomberg report, China fears its record pace of renewable installations might encounter hurdles. To counter those fears, the government has taken measures…
               
Amazon, Google, Microsoft sign deals with Duke Energy…
To accelerate clean energy options, Duke Energy, Amazon, Google, Microsoft, and Nucor have signed agreements to explore new and innovative approaches to support carbon-free energy…
               
White House announces new measures to support upcoming…
On Wednesday, the White House announced new measures to support the advancement of new nuclear power plants in the United States.  Nuclear power is recognized…
               
Global shift towards renewables decelerates in 2023, says…
REN21, a Paris-based policy group, said the global shift to renewables in major energy-consuming sectors slowed in 2023. Regulatory gaps, political pressures, and a failure…
               
Gautam Adani meets Japanese envoy Hiroshi Suzuki to…
Gautam Adani, Chairman of the Adani Group, recently met with Ambassador Hiroshi Suzuki of Japan to discuss a potential renewable energy project, according to a…
               
$1 billion funded waste-to-fuel company could collapse
Fulcrum BioEnergy, a clean fuel technology company, secured over $1 billion in funding to convert household waste into eco-friendly fuels for transportation. However, it faces…
               
GE Vernova signs contract with Kalyon PV to…
According to a press release by GE Vernova, an energy equipment manufacturing company, the company has signed an agreement with Kalyon PV to supply its…
               
Aramco Ventures funds Xpansiv to boost global energy…
Xpansive, infrastructure provider for global energy transition, announced that it has secured a new capital raise led by Aramco Ventures, an investor in low-carbon energy…
               
Gentari is among the top competitors for Brookfield’s…
Gentari, the renewable energy division of Malaysian state-owned oil and gas company Petronas, is reportedly the frontrunner in acquiring a part of Brookfield Asset Management’s…
               
New UNDP strategies to promote renewable and reliable…
The United Nations Development Programme in Yemen announced two new strategies to foster private sector engagement and promote investment in renewable energy within the nation.  …
               
Germany urges the EU to act on phasing…
Germany is urging the European Union to act more efficiently to curb the last 20% of Russian energy imports that are still arriving at the…
               
New Jersey to receive $125 million from Orsted…
According to a report by Reuters, the state of New Jersey will receive $125 million in a legal settlement with Orsted, a Denmark-based energy company.…
               
Cable installation begins for Ireland-France Celtic Interconnector project 
The Celtic Interconnector project, a subsea power cable linking the electricity grids of Ireland and France, has taken further steps in transforming the energy infrastructure…
               
EU, Australia partner to secure supply of critical…
On Tuesday, the European Union and Australia signed a memorandum of understanding (MoU) to collaborate on crucial minerals. The deal aims to broaden the EU’s…
               
President Xi warns against overinvestment in new energy 
At a meeting with major business figures and economists, President Xi Jinping said that excess investment into new energy would be counterproductive, South China Morning…
               
RWE to build Australia’s first eight-hour battery storage…
RWE, a renewable energy firm, announced in its press release that it is planning to invest in building Australia’s first eight-hour Battery Energy Storage System…
               
Russia set to build Central Asia’s first nuclear…
Russia is reportedly planning to build a small nuclear plant in Uzbekistan. According to a Reuters report, this project is one of the first of…
               
EU passes new law which mandates 40% domestic…
The European Union has approved a new law to ensure that 40% of its clean technology, including solar panels and wind turbines, is produced within…
               
Russia and Mali commence work on solar power…
Russia and Mali commenced the construction of the largest solar power plant in West Africa on Friday. The construction comes at a time when Mali…
               
Iberdrola seeks startups to provide offshore wind farm…
Iberdrola, an electric utility company, is looking for startups that can provide its offshore wind farms with advanced inspection and digitisation services using autonomous or…
               
Rio Tinto and BHP move towards Net-Zero with…
Rio Tinto, an Australian mining company, and BHP Group plan on working together to test large battery-operated electric haul truck technology in the Pilbara region…
               
Marathon Digital signs renewable energy deal with Kenya 
According to a press release by Marathon Digital Holdings, a US-based cryptocurrency mining firm, and Kenya’s Ministry of Energy and Petroleum signed a memorandum of…
               
China’s electricity consumption set to surge by 6.5%…
Reports say China’s rising electricity demand will pressure the nation’s power sector. The research report by State Grid Corp. of China said power supply and…
               
Tata Power to raise $1 billion to fund…
Tata Power is seeking to raise $1 billion to fuel its clean energy projects. This potential loan could mark a milestone, potentially becoming one of…
               
Orsted lands $650 million tax equity deal with…
Orsted, a Denmark-based energy company, has secured an investment worth $680 million in tax equity financing from JPMorgan for a portfolio of solar and storage assets in…
               
Tencent announces winners of its CarbonX program
Tencent, the Chinese tech company, is reportedly investing $13.9 million in startups and technologies with promising solutions related to the carbon capture and carbon removal…
               
Japan’s Itochu signs renewable energy agreement with Google 
On Friday, Itochu announced signing a long-term power supply agreement with Google to support the tech giant’s renewable energy objectives in Japan. Through its portfolio…
               
Microsoft signs agreement with RWE for supply of…
According to a media release, RWE, a renewable energy company, has signed two 15-year power purchase agreements (PPAS) with Microsoft Corporation. Under the agreements, Microsoft…
               
Plug, Airbus, Delta and Atlanta International Airport collaborate…
Plug Power, a hydrogen solutions company has announced its collaboration with Airbus, Hartsfield-Jackson Atlanta International Airport (ATL), and Delta Air Lines to conduct a study…
               
Iberdola extends alliance with Bayer to supply green…
Pharmaceutical giant Bayer AG and Iberdrola SA, a Spanish-based utility firm, have entered an 11-year power purchase agreement. According to a news release by Iberdrola,…
               
Vedanta to avoid coal and move towards renewables,…
Transitioning towards renewable energy, India’s Vedanta Ltd would no longer add coal-fired capacity in its aluminium business, said John Slaven, the company’s CEO.  In an interview with Reuters,…
               
China’s solar power expansion slows down 
China’s rapid expansion of solar power in a move towards renewable energy, driven by low equipment costs and government support, is beginning to slow down. Some…
               
Brookfield plans to invest $500 million in India-based…
According to a Bloomberg report, Brookfield Asset Management is planning to make a substantial investment of $500 million in India-based Leap Green Energy.   This significant…
               
Clean energy firm RWE 600MW of solar and…
The clean energy firm RWE acquired 500 Megawatts (MW) of solar and energy storage development projects from Galehead Development LLC. With the acquisition of three…
               
Private equity group proposes ‘green iron’ processing facility…
Quinbrook Infrastructure Partners, a private equity group, has proposed working on a new iron ore mine and a ‘green iron’ processing facility in Australia’s Queensland.…
               
China dominates clean energy manufacturing race, new report…
According to Advancing Clean Manufacturing Technology, a new report by the International Energy Association, China is solidifying its position as the global leader in clean…
               
Japan’s Mizuho to invest $13 billion to develop…
Tokyo-based banking and financial services company Mizuho Financial Group announced a new objective. The company intends to provide JPY 2 trillion (USD$13 billion) in financing…
               
Logistics company tests first-ever electric transport for long-distance…
DB Schenker in Sweden introduces a fully electric Scania R 450e lorry for long-distance deliveries. This e-truck will operate between Jönköping and Södertälje, covering a…
               
20 finalists announced in XPrize’s $100 million carbon…
Researchers and scientists seek solutions as climate crisis persistently looms over the planet’s future like a black cloud. Now, entrepreneurs have also actively joined the…
               
US to get New Aluminium Smelter that can…
Aluminum plays a critical role as a raw material in the effort to combat climate change. Nevertheless, the industry must undergo substantial changes to transition…
               
China orders for energy-efficiency plans to meet targets
China’s state planner, the National Development and Reform Commission (NDRC), has directed provinces to create energy-efficiency plans for entities responsible for roughly 70% of energy…
               
Net Zero Teesside UK Project to Emit 20M…
According to research submitted by Andrew Boswell to the UK Government, The Net Zero Teesside scheme (NZT), will emit over 20 million tonnes of carbon…
               
Australia to invest $15 billion in renewable energy,…
On Tuesday, the Australian government announced an A$22.7 billion ($15.0 billion) package to strengthen domestic manufacturing and renewable energy sectors and decrease dependence on foreign…
               
Private equity firm offer to buy Swedish renewable…
On Monday, private equity firm EQT announced a cash offer to acquire Swedish renewable energy group OX2 for 16.4 billion crowns ($1.51 billion). EQT is…
               
First US-built boat for maintaining offshore wind farms…
A new boat Eco Edison, designed to support operations in US offshore wind farms, will be launched in New Orleans on Saturday in the presence…
               
Climeworks opens world’s largest plant to capture CO2…
Climeworks has unveiled the world’s largest operational direct air capture (DAC) plant, the Mammoth plant in Iceland. This plant is nearly ten times larger than…
               
Asset manager to invest $35 million in renewable…
On Tuesday, AMPIN Energy Transition announced that Switzerland-based asset manager responsAbility, will invest up to $35 million on behalf of its investors in the renewable…
               
Siemens Energy to restructure management of its troubled…
Siemens Energy announced that Jochen Eickholt, who became CEO of Siemens Gamesa in March 2022, will step down at the end of July and will…
               
Solar, wind power pushed renewable energy to a…
According to a report by think tank Ember, in 2023, due to the increased adoption of solar and wind power, renewable energy made up 30%…
               
Asheville-based renewable energy firm secures $650 million for…
Pine Gate Renewables, headquartered in Asheville, has secured a $650 million investment from three partners. Generate Capital, the Healthcare of Ontario Pension Plan and HESTA.…
               
Investment in clean energy manufacturing soared to $200…
In a first-of-its-kind analysis, Advancing Clean Technology Manufacturing reports that global investment in manufacturing five key clean energy technologies (solar PV, wind, batteries, electrolysers, and…
               
Delay in energy transition could impact investments, says…
According to a report by consultancy Wood Mackenzie, a five-year delay in decarbonization efforts could raise global average temperatures by 3 degrees Celsius above pre-industrial…
               
Canada’s 2022 greenhouse gas emissions rose less than…
Environment Minister Stephen Guilbeault announced on Thursday that Canada’s greenhouse gas emissions in 2022 increased by a smaller amount than anticipated, following the peak of…
               
US appeals court clears path for $655 million…
On Thursday, a US appeals court overturned a lower court’s decision that halted a land exchange crucial for developers to proceed with constructing a significant…
               
China warns of climate setback amid US-Europe push…
According to Liu Zhenmin, appointed by Xi Jinping as Special Envoy for Climate Change, efforts by the US and Europe to curb China’s leadership in…
               
Australia hits historic high with 36% renewable electricity…
Renewable energy produced more than one-third of Australia’s electricity in the first quarter of 2024, marking a record high for solar and wind farms during…
               
White House introduces reforms to fast-track clean energy,…
On Tuesday, the White House changed the US environmental review process for large-scale projects. Officials believe these reforms will expedite approvals for various activities, including…
               
UAE Energy Minister foresees surpassing renewable energy targets
At the World Economic Forum’s special meeting in Riyadh, UAE’s Energy Minister, Suhail Al Mazrouei, expressed confidence that the country may surpass its target of…
               
Japan’s biggest utility firm to invest in low-carbon…
Japan’s largest utility, JERA, seeks opportunities to invest in low-carbon hydrogen and ammonia projects in the Middle East and intends to purchase their output. JERA…
               
Canada boosts biofuel industry with multi-billion dollar support…
Canada’s biofuel industry is poised for a significant boost following the federal government’s announcement of a multi-billion dollar financial support package. While industry stakeholders welcome…
               
Solar power boosts India to record renewable energy…
According to Rystad Energy, India achieved its highest annual installed renewable energy capacity of 18.5 gigawatts (GW) for the fiscal year ending March 31, 2024.…
               
Woodside’s shareholder rejects climate plan
Woodside’s shareholders on Wednesday voted against the company’s climate plan, halting its plan for new fossil fuel projects and dealing a significant blow to Australia’s…
               
Biden administration announces $7 billion grants for residential…
In a landmark move coinciding with Earth Day, the Joe Biden administration unveiled a $7 billion initiative aimed at facilitating the installation of residential solar…
               
Biden Administration to omit green hydrogen from power…
The Biden administration is expected to exclude green hydrogen from its pivotal plan to curb greenhouse gas emissions in the power sector, Reuters reported citing…
               
Demark launches biggest offshore wind tender
Denmark on Monday initiated its biggest offshore wind tender to date, signaling a pivotal move towards bolstering its renewable energy capacity. The tender launched by…
               
Study recommends China shift economic engagement with Africa…
A new study conducted by Boston University’s Global Development Policy Centre and the African Economic Research Consortium suggests that China should redirect its economic engagement…
               
JSW Energy secures letter of award for 700…
JSW Energy has announced that its subsidiary, JSW Neo Energy, has been awarded a letter of award from NTPC for the development of a 700…
               
New Zealand commits $25 million to ADB’s energy…
New Zealand has pledged $25 million to the Energy Transition Mechanism Partnership Trust Fund (ETMPTF) of the Asian Development Bank (ADB), reinforcing efforts to foster…
               
Biden-Harris administration announces first recipients of $1.93 billion…
The Biden-Harris Administration has revealed the first recipients of significant investments in clean energy manufacturing. As a component of the comprehensive Investing in America agenda,…
               
Basic Energy and Japan’s Renova join forces for…
Basic Energy Corp. solidified its collaboration with Japan’s Renova Inc. through a joint development and shareholder agreement concerning the Mabini wind project, which is projected…
               
Investor returns could suffer from low renewable energy…
Speaking at the Irena Assembly in Abu Dhabi on Wednesday, EU energy commissioner Kadri Simson said that reducing European electricity prices could bring down returns…
               
Higher interest rates threaten renewable energy sector
Analysts warn that the renewable energy sector faces significant challenges due to soaring interest rates, posing a threat to the worldwide transition to sustainable energy. 
               
Biden to announce winners of $2 billion in…
Siemens Energy Inc., a renewable energy firm, and Danish electrolyzer manufacturer Topsoe A/S are among the numerous recipients poised to benefit from approximately $2 billion…
               
Shell urge shareholder to reject shareholder’s climate resolution
Shell urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, which calls for the energy company to set stringent…
               
Biden Administration to reverse solar panel trade exemption,…
The Biden administration plans to grant a request by South Korea's Hanwha Qcells to revoke a two-year-old trade exemption that allowed for the import of…
               
Apple to expand its clean energy investment by…
Apple announced its decision to ramp up clean energy initiatives worldwide towards achieving carbon neutrality across its operations by 2030. 
               
Smart energy company completes Series C funding of…
GridBeyond, a smart energy company, has completed a Series C funding round of €52M ($55 million). This funding will aid the company in scaling up…
               
Sustainability Economics works with Asia Carbon Institute, of…
Singapore –17 April 2024 –Sustainability Economics, a leading provider of global net-zero solutions, has announced to choose Asia Carbon Institute (ACI) as the standard for…
               
Japan sets sights on ambitious renewable energy targets…
Japan is gearing up to establish ambitious targets for renewable energy and other sources in its national electricity mix by fiscal 2040, with plans to…
               
Germany approves ambitious hydrogen pipeline network 
The German parliament, Bundestag, has given its approval for the construction of an extensive 9,700-kilometre pipeline network dedicated to transporting hydrogen across the nation and…
               
New wind installation surge by 50% in 2023…
The wind energy industry recorded a 50% increase in capacity installation in 2023 despite a turbulent political and macroeconomic environment, according to an industry report…
               
India’s Mahindra Group to invest ₹1,200 crore in…
On Monday, Mahindra Group declared a Rs 1,200 crore investment in renewable energy projects in India, including a 150 MW hybrid project combining solar and…
               
Mexico’s presidential candidate vows $13.6 billion to boost…
The frontrunner for Mexico's presidency, Claudia Sheinbaum, has proposed a plan to allocate approximately $13.6 billion towards expanding the country's use of renewable energy while…
               
Australia faces solar waste crisis as recycling facilities…
Australia is confronting a looming environmental challenge as the country is projected to generate over 50,000 tonnes of solar waste annually due to the rapid…
               
EU, UK continue to lead G20 in low-carbon…
Since the first edition in 2021, the EU and the UK have consistently held the leading positions in BloombergNEF's assessment of the Group of 20's…
               
World Bank greenlights $1 billion for  Dasu project
The World Bank approved a $1 billion loan to finance the Dasu hydropower project in Pakistan, aiming to make electricity more affordable. 
               
US achieves clean energy milestone on public lands
On Thursday, the Biden administration announced that the United States had surpassed its target of permitting over 25 gigawatts of clean energy projects on public…
               
Japan’s greenhouse gas emissions drop to record low
Government data revealed that Japan experienced a 2.5% decline in greenhouse gas emissions, reaching a historic low during the fiscal year ending in March 2023.…
               
Japan and US partner to reduce floating offshore…
Japan has agreed to collaborate with the United States to lower the expense of floating offshore wind projects in deep waters by 2035, the White…
               
Clyde Hydrogen secures £1 million in funding to…
Clyde Hydrogen, a green hydrogen startup, has received over £1 million in pre-seed funding to advance its pioneering technology poised to revolutionize the sector. The…
               
Balkan countries look to the hydrogen boom to…
A discovery of hydrogen beneath the Bulqize chrome mine in Albania has stirred optimism for the region’s transition towards cleaner energy.  This revelation has prompted…
               
Chile unveils plan to set up its first…
Chile aims to begin production of sustainable aviation fuel (SAF) in a large plant by 2030, with the goal of using SAF for half of…
               
Origin names Tony Lucas as finance chief amid…
Origin Energy named Tony Lucas as its new finance chief on Thursday as the Australian electricity retailer transitions towards greener energy alternatives. Lucas, who will…
               
Analysis reveals England’s untapped potential for renewable energy
A recent analysis conducted by Exeter University, commissioned by Friends of the Earth (FoE), has unveiled that England has the capacity to generate 13 times…
               
Grid capacity challenges lead to increased curtailments of…
According to a report by news magazine Der Spiegel, Germany faced a surge in so-called re-dispatch measures in 2023 due to a lack of grid…
               
Adani Green Energy surpasses 10,000 MW milestone in…
Adani Green Energy Limited (AGEL), India's largest renewable energy giant, has achieved a historic milestone by surpassing 10,000 MW in renewable energy capacity. This accomplishment…
               
EPA decision on California EV rules upheld by…
On Tuesday, a US appeals court upheld the Environmental Protection Agency's ruling, allowing California to establish its regulations for tailpipe emissions and electric vehicle standards. 
               
Ireland’s largest offshore wind project set to reveal…
The final design for Ireland's largest offshore wind project, Codling Wind Park, is poised to be unveiled today. The project, located off the Co Wicklow…
               
Biden Administration’s initial SAF subsidy model to set…
The Biden administration will release a preliminary climate model for its sustainable aviation fuel (SAF) subsidy program in forthcoming weeks that is more stringent than…
               
Ingka explores offshore wind investments in South Korea…
Ingka, the majority owner of IKEA stores globally, is venturing into renewable energy investments in South Korea and Japan, targeting offshore wind as the most…
               
Renewable energy growth falls short of climate targets,…
According to a report released on Thursday by the prominent think tank REN21, the global addition of renewable energy capacity fell short of the necessary…
               
Georgia Senators Warnock and Ossoff secure clean energy…
US Senators Reverend Raphael Warnock (D-GA) and Jon Ossoff (D-GA) unveiled a significant stride towards clean energy initiatives in rural Georgia. Through the U.S. Department…
               
US Treasury Chief hints at action against China’s…
On Wednesday, US Treasury Secretary Janet Yellen did not dismiss the possibility of taking further measures to safeguard American clean energy sectors against China's overinvestment…
               
Citigroup, JPMorgan, Royal Bank of Canada to disclose…
Citigroup, JPMorgan, and the Royal Bank of Canada (RBC) will introduce a new climate measure under deals by New York City Comptroller Brad Lander. 
               
Australia to invest $1 billion in solar panel…
Australian Prime Minister Anthony Albanese has unveiled the Solar Sunshot program to bolster the nation’s renewable energy sector and create job opportunities in regional areas.…
               
EVs to overtake petrol cars in Norway by…
According to calculations by Reuters and analysts, Norway is on course to have more battery electric vehicles (BEVs) on its roads than petrol cars by…
               
Asset management firm to lead $50 billion investment…
Through its offshore wind unit Corio Generation Ltd., Macquarie Asset Management is investing $50 billion in offshore wind projects across various markets over the next…
               
31 countries hit 5% EV sales, signaling mass…
According to a Bloomberg Green analysis, electric vehicles have reached a pivotal tipping point globally, with 31 countries surpassing the threshold of 5% of new…
               
Goldman Sachs Renewables MN8 raises $325 million funding
MN8 Energy, a producer of solar energy and energy storage, announced it had secured $325 million through a private placement of convertible preferred stock. The…
               
Australian energy giant foresees green hydrogen as viable…
Amidst debates over Australia's energy future, one of the country's largest energy utilities, EnergyAustralia, is championing the potential of clean hydrogen as a viable alternative…
               
Adani Green’s wind power project raises environmental concerns…
Adani Green Energy's ambitious wind power project, valued at US$442 million, situated in Mannar and Pooneryn, is currently undergoing a technical review by the Sri…
               
India’s hydropower plummets to 38-year low amid erratic…
According to a Reuters analysis of government data, India experienced its most significant decline in hydropower output in at least 38 years, with a 16.3%…
               
The focus of govt incentives will go into…
Global investment in clean energy has surged to unprecedented levels, reaching a staggering US$1.77 trillion, as revealed by the latest Energy Transition Investment Trends 2024…
               
Solar industry set to soar as US grapples…
As Dan Shugar, the CEO of Nextracker Inc., stated, the unyielding demand for electricity in the United States is poised to overshadow obstacles confronting the…
               
Citi agrees to disclose clean energy financing ratios…
Citi has joined JPMorgan Chase in agreeing to disclose its clean energy financing ratios, following pressure from shareholder resolutions. The New York City Comptroller’s Office,…
               
First Bus announces £89 million investment in zero-emission…
First Bus has revealed plans for a substantial £89 million investment aimed at accelerating its transition to zero-emission buses and infrastructure across four regions. This…
               
New York achieves record wind and solar generation
New York State's power grid operator, the New York Independent System Operator (NYISO), reports significant milestones in renewable energy generation, with record-breaking hourly outputs from…
               
Adani Group unveils plan for world’s largest renewable…
In a recent announcement, billionaire Gautam Adani's conglomerate reveals plans for the world's largest renewable energy park in Gujarat, aiming for a colossal 45 GW…
               
Walmart invests in 19 solar projects across US,…
In a move to bolster renewable energy initiatives, retail giant Walmart announced its investment in 19 solar projects developed by Pivot Energy, aimed at enhancing…
               
New York set new records for hourly wind…
On Monday, New York's power grid operator announced that the state achieved new hourly wind and solar generation records.
               
China faces infrastructure strain amid record solar and…
Following a surge in solar and wind power installations last year, multiple regions across China are experiencing difficulties managing fluctuations in electricity supply linked to…
               
US judge issues temporary block on $649 million…
According to attorneys involved in the case, a federal judge, on Friday, temporarily blocked a land swap needed before developers can build a major clean…
               
India braces for surge in solar waste amid…
India's ambitious drive to ramp up its renewable energy capacity, particularly in solar energy, is poised to reshape its economy. However, alongside this growth comes…
               
Enpal secures EUR 1.1 billion to accelerate residential…
Enpal, a German solar solutions installer, has announced the successful procurement of EUR 1.1 billion (USD 1.2 billion) to expedite the deployment of its integrated…
               
Australia faces urgent need for investment to prevent…
According to the grid operator, Australia, a major natural gas exporter, urgently needs investment to avert shortages in several densely populated regions starting in 2025…
               
Biden’s latest move on auto emissions expected to…
On Wednesday, the Biden administration implemented strict tailpipe emission limits to curb pollution from the country's cars and light trucks. These measures are so stringent…
               
Germany calls for greater international cooperation to accelerate…
Germany's economy and foreign affairs ministers have emphasized the need for enhanced international cooperation to drive the global energy transition and meet climate targets effectively.…
               
Stellantis and California reach an agreement on vehicle…
On Tuesday, Stellantis, Chrysler's parent company, and the state of California finalized an emissions agreement. This accord comes after Stellantis attempted to join an agreement…
               
Air New Zealand explores partnership for green fuel…
On Wednesday, Air New Zealand invited startups operating in the sustainable aviation fuel (SAF) sector to seek potential supply partners as part of its commitment…
               
Major developments in SAFs marked by IATA
The International Air Transport Association (IATA) has reported significant advancements in the realm of sustainable aviation fuels (SAF), particularly focusing on electrofuels, in its latest…
               
World’s largest solar manufacturer to slashes one-third of…
The largest solar manufacturer globally has decided to downsize its workforce by almost a third following an unsuccessful cost-cutting initiative, which included instructing employees to…
               
Germany & Canada agree to kickstart trade of…
Canada and Germany have agreed on steps to promote the trade of hydrogen, a cleaner alternative to fossil fuels. Both countries will contribute €200 million…
               
Britain’s National Grid proposes $74 billion energy system…
Britain's National Grid has proposed a £58 billion ($74 billion) investment plan to enhance grid networks beyond 2030, anticipating the growth in electricity demand and…
               
China falls short of reaching 2025 green steel…
Researchers, on Tuesday, said that China is not meeting expectations in reducing the carbon footprint of its vast steel industry. They attributed this shortfall to…
               
Warwickshire introduces new policy to enhance EV charging…
In a move aimed at bolstering the infrastructure for electric vehicle (EV) owners, Warwickshire County Council (WCC) has unveiled a groundbreaking EV Parking Policy. This…
               
Delhi government unveils ambitious solar policy 
The Aam Aadmi Party (AAP) government in Delhi has announced the implementation of the new Delhi Solar Policy, 2024, aimed at significantly increasing the adoption…
               
Zimbabwe urged to embrace renewable energy funding and…
In a bid to bolster its renewable energy sector and pave the way for a sustainable energy future, Zimbabwe recently hosted the Fifth Edition of…
               
Building Information Modelling tech to develop sustainable projects…
Building Information Modelling (BIM) is emerging as a highly influential initiative for creating sustainable real estate projects. BIM involves designing projects based on models incorporating…
               
Britain’s home heating emission goals stalled by lack…
Most of Britain's homes use gas for heating, contributing about 18% of the country's total greenhouse gas emissions. The government aims to reduce these emissions…
               
Top oil executives & ministers arrive at the…
This week, oil industry leaders and government officials gather in Houston for a significant energy conference, encouraged by major mergers, stable oil prices, and less…
               
Adani Green Energy operationalizes additional 126 MW wind…
Adani Green Energy Limited (AGEL) has achieved another milestone in its renewable energy portfolio by operationalizing an additional 126 MW capacity of a wind power…