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ReNews.biz: Electricity generated by new wind and solar in 2020 helped to force a record fall in global coal power, according to analysis from think tank Ember. Ember’s new report found this was only possible because the pandemic paused the world’s rising demand for electricity. Since 2015, rising electricity demand has outpaced growth in clean […]
Renewables Now: Norwegian state-owned energy company Statkraft AS has commenced construction work on the 519-MW Ventos de Santa Eugenia wind complex in Brazil. The company plans to invest roughly BRL 2.5 billion (USD 434.3m/EUR 367.3m) in the project. The complex will feature 14 wind farms formed by a total 91 turbines of 5.7 MW each […]
S&P Global Market Intelligence ($): Engie SA will close its last coal plants in Europe, Africa and Latin America by 2027, part of the company’s ongoing quest to simplify its business and put a stronger focus on renewable energy. The French utility’s new CEO, Catherine MacGregor, said Feb. 26 that Engie would get rid of […]
PV Tech: Norwegian energy firms Equinor and Scatec are to collaborate on a 480MW solar project in Brazil. The duo have signed a Memorandum of Understanding (MoU) with compatriot energy and aluminium provider Hydro to develop the project, with Hydro set to become an offtaker for some of the solar farm’s production. The MoU will […]
BusinessGreen: The total pipeline of offshore wind projects worldwide has surged 47 per cent since January, signaling continued rapid growth for the sector as it weathers global supply chain disruptions and economic turbulence wrought by the coronavirus pandemic, according to RenewableUK. The latest edition of the UK trade association’s Offshore Wind Project Intelligence report today […]
S&P Global Market Intelligence ($): Statkraft AS is preparing to start work on a 519-MW wind project in northeastern Brazil, after signing a turbine supply contract with Nordex SE. The Ventos de Santa Eugenia wind project will consist of 10 wind farms with a total of 91 turbines in the state of Bahia. It is […]
Renewables Now: Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil. Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set […]
The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]
PVTech: Some of the world’s top green energy players have tabled ultra-low bids under the second round of Saudi Arabia’s renewable energy programme, set to contract 1.47GW all in all. The kingdom’s Renewable Energy Project Development Office (REPDO) recently identified the firms and consortia shortlisted to develop a slew of solar projects across the country, […]
In the coming months, governments around the globe will pump trillions in public spending to try to stimulate economic recovery. How this money is used will mean the difference between seeing a big rebound in CO2 emissions, or setting the world on a more sustainable pathway through investing in renewables and low-carbon alternatives. A new […]
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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 […]