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offshoreWIND.biz: Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. This alliance opens the opportunity for Iberdrola to enter a new […]
Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]
The Guardian: Queensland’s huge untapped Galilee coal basin was touted as a jobs and revenue bonanza by its supporters, with the potential to liberate hundreds of millions of tonnes of harmful greenhouse gases. The Galilee’s potential as a “carbon bomb” was wrapped up in a dozen or more coalmining projects and estimates of billions of […]
Renew Economy: The Italian based Enel Group, the world’s large private renewable energy player, has secured its energy retail licence in Australia and plans to offer a unique “green-tailer” product in the local market, combining renewables, virtual power plants and an EV charging option for its customers. The push by Enel into the Australian energy […]
Reuters: Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras (PETR4.SA)should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty. Citing the ongoing processes to privatize state-run power company Eletrobras (ELET6.SA) and postal-service firm Correios, Guedes said the same […]
ReNews.biz: This year is expected to set an all-time record for new renewable energy installations, according to an IEA report. Despite rising costs for key materials used to make solar panels and wind turbines, additions of new renewable power capacity this year are forecast to rise to 290GW in 2021. IEA’s annual Renewables Market Report […]
Renewables Now ($): Spanish renewables developer Corporacion Acciona Energias Renovables SA (BME:ANE), doing business as Acciona Energia, has signed an agreement to acquire roughly 850 MW of wind projects in Brazil and thus enter the country’s renewable energy market. The energy company said on Monday that it has agreed to buy the Sento Se I […]
Bloomberg ($): A Singapore-based offshore wind developer has signed an agreement to build a huge $10 billion wind farm off the coast of Ireland to power a green hydrogen facility. Green hydrogen — produced by renewable electricity — is seen as a clean alternative to natural gas for industries such as steel and chemicals, with […]
Wind Power Monthly: Brazil brought nearly 50MW of new wind capacity online over the weekend, pushing the country over the 20GW mark of operational capacity, according to the country’s energy regulator, Aneel. This delivers enough energy to meet the demands of more than 20 million people, the agency said. Wind energy now represents the third […]
Wall Street Journal ($): At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in Wentzville, Mo. Just over a year later, GM said it would go all electric by 2035. Analysts are worried that some […]
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IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development
How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private MoneyHere, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]