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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
Iberdrola Inks €220M Top-Up Loan with EU Bank for Smart Grids in Spain
The loan increase, which brings the total to around €820m, will support the development, modernisation and digitalisation of Iberdrola’s electricity distribution network
Offshore Wind Power
RWE Bids for Offshore Wind Seabed Permit in Poland
Poland is going ahead with its offshore wind build-out programme by starting a competitive process for an offshore wind seabed permit within 53.E1 area in the Polish Baltic Sea.
Vattenfall Signs Grid Contract with Siemens Energy and Aker Solutions
Vattenfall has signed a contract with Siemens Energy and Aker Solutions AS to deliver grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm off the British coast.
Energy Giants Ink Tripartite Grid Contract for a Greener UK
Vattenfall, Siemens Energy and Aker Solutions AS have signed a grid contract for a High Voltage Direct Current (HVDC) project to connect renewable energy onto the UK’s National Grid.
APAC to Generate Lion’s Share of World’s Energy by 2030
The region is expected to account for 56% of the world’s energy in the next decade.
Masdar Plans Acquisitions as It Continues to Expand Its Portfolio
Exclusive: Abu Dhabi company is assessing new renewable opportunities in different countries, top executive says
UK Energy Bills Rise to Record High as Fuel Poverty Fears Grow
Gas prices will go from 7p to 10p per kilowatt hour under new guarantee
Europe's Crisis Measures to Tackle Energy Price Spike
European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills on consumers ahead of winter.
Siemens Gamesa Will Cut Nearly 3,000 Jobs
Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes.
Britain Has Exported More Power to EU Than Ever Before
The country became a net exporter of electricity for three months of the year
German Economic Institutes See 2023 Contraction as Gas Crisis Hits
Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 projection to -0.4% from 3.1%, they said on Thursday.
Oil Giant Shell Snaps up African Solar Provider Daystar Power
Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.
Dubai Investment Fund in Projects Across Australia & Europe
Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, has announced that it will be investing in five projects aimed at developing renewable energy sources in Australia and Europe.
New VC Fund for Energy Transition Start-Ups in Europe
EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle.
Net Zero Emission
Australian State Unveils $40 Bln Clean Energy Plan to Slash Reliance on Coal
One of Australia's top coal-producing states said it will convert its coal-fired power plants to renewable hubs by 2035 under a A$62 billion clean energy plan unveiled on Wednesday which would slash its reliance on fossil fuels.
French Grid Operator RTE to Return More Than 1 Bln Euros to Clients
France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this year's revenue windfalls prompted by tensions on the electricity market.
EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document
European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emergency measures to help consumers facing soaring energy bills.
Australia’s ZEN Energy, ACCIONA Energía Enter 10-Year PPA
ZEN will buy 34% of Waubra Wind Farm’s total generation.
Renewable Energy Employment Reaches 12.7 Million in 2021
Around 700,000 new workers were employed last year.
Australian State to Invest $100 Mln in Energy Storage in Push to Cut Emissions
Australia's Victoria state said on Tuesday it would invest A$157 million to boost battery energy storage, as it pushes to source half its electricity from wind and solar energy by 2030 and help replace coal-fired generation.
Germany Considers Price Caps as Energy Crisis Worsens
Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices.
Offshore Wind Power
Iberdrola Hires Barclays to Sell Stake in Spanish Renewable Portfolio, Expansion Says
Spanish power company Iberdrola hired Barclays' investment bank to sell up to 49% in a portfolio of Spanish renewable power projects.
HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year.
Why the World Needs to Invest in Fossil Fuels
The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.
Thousands Take to the Streets in Belgium Against Soaring Energy Prices
Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech Republic.
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Sungrow Signs 145 MW Distribution Agreements During Solar Pakistan 2023
Cleancapital Acquires 35 MW Distributed Solar Portfolio in New Jersey
Zimbabwe: Tanganda Tea Company Invests U.S.$8 Million in Solar Projects
Indonesian Utility PLN Seeks Equity Partners for Large Scale PV, Wind Projects
Sonelgaz Seeks EPC Contractors for Solar PV Tender
African Private Equity Firm, Inspired Evolution, Achieves Successful First Close of Its Third Evolution III Energy Transition Net-Zero Climate Impact Fund