Author Archive: IEEFA

Seven European countries end export finance for coal projects, boost renewable funding

Global Trade Review: Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate. Denmark, France, Germany, the Netherlands, Spain, Sweden and the UK announced a new alliance, the Export Finance for Future (E3F) coalition, following a virtual meeting […]

April 14, 2021 Read More →

Wind investment in Europe totaled €43 billion in 2020—trade group

ReNews.biz: Europe invested €43bn in new wind farms in 2020, the second highest annual amount on record and equal to 20GW of capacity, according to WindEurope. This is around 70% up on 2019, with €17bn for onshore wind, covering 13GW of new capacity and €26bn for offshore wind, covering 7GW of new capacity. Large projects […]

April 14, 2021 Read More →

U.K. firm Australis proposes 300MW offshore wind farm in Western Australia

Renew Economy: Plans to build a $1 billion, 300MW offshore wind farm in Western Australian waters around 140km south of Perth, and have it generating electricity by the summer of 2026, have been submitted for state environmental approval. The project was referred to the WA Environmental Protection Authority this week by Australis Energy, a UK-based […]

April 14, 2021 Read More →

Talen, Pattern Energy venture planning $2 billion investment in renewables by 2025

North American Windpower: Talen Energy Corp., a power generation and infrastructure company, has entered into a joint venture (JV) with Pattern Energy Group LP, a privately owned developer and operator of wind, solar, transmission and energy storage projects. Named PT Energy Transitions, the JV aims to pursue the development, financing, construction and operation of approximately […]

April 14, 2021 Read More →

Xcel proposes 460MW, $575 million solar project in Minnesota

Minneapolis Star Tribune: Xcel Energy has unveiled plans for the largest solar-energy plant in Minnesota by far, a $575 million project in Becker adjacent to the company’s Sherco coal-power complex. The Minneapolis-based company said the Sherco project would be among the lowest-cost solar power plants in the state; it’s economics will be enhanced by using […]

April 14, 2021 Read More →

New York state pension fund to divest from six Canadian oil sands companies

Reuters: New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday. The New York State Common Retirement Fund will divest more than $7 million in securities already held […]

April 13, 2021 Read More →

Battery storage now more cost effective than gas-fired peaker plants, research shows

Renew Economy: Big batteries have emerged as the more effective provider of peaking services within the electricity market, beating out gas generators on cost and effectiveness, new analysis published by the [Australia] Clean Energy Council has argued. Peaking generators play an important role within the electricity system, providing additional supplies of power at short notice […]

April 13, 2021 Read More →

ScottishPower planning solar, storage installation to push green hydrogen development

PV Tech: British energy company ScottishPower is targeting up to 40MW of solar as part of its Green Hydrogen for Scotland project. The company has submitted a planning application for up to 40MW of solar, made up over 62,000 individual solar cells, and up to 50MW of battery energy storage, which would be located on […]

April 13, 2021 Read More →

Nebraska utility Omaha Public Power signs contract for state’s first solar project

Associated Press: Omaha Public Power District has signed a contract to build the state’s first solar power plant in eastern Nebraska, just south of Yutan. The utility signed the contract last week to build an 81-megawatt solar farm on 500 acres of farmland in Saunders County, with construction to begin next year, the Omaha World-Herald […]

April 13, 2021 Read More →

Iberdrola begins construction at hybrid wind, solar project in South Australia

Renewables Now: Spanish utility Iberdrola SA said today it has installed the first turbine at its 317-MW hybrid wind and solar power project in South Australia. The AUD-500-million (USD 381m/EUR 320m) Port Augusta Renewable Energy Park will consist of a 210-MW wind farm and a 107-MW solar park. The project will involve the installation of […]

April 13, 2021 Read More →