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Bloomberg: Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future. Climate and Energy Minister Dan Jorgensen told reporters in Copenhagen that he expects the decision to “resonate around the world.” […]
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Renewables Now: Renewables company European Energy A/S has secured local council permission to install what it says will be the largest solar photovoltaic (PV) park in Denmark and in Northern Europe. The company’s project for a 300-MW solar complex was approved by the municipality of Aabenraa, Southern Jutland region, with a “massive majority,” the developer […]
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Renew Economy: The world’s first hybrid subsea interconnector has been inaugurated this week, integrating two German and Danish offshore wind farms in the Baltic Sea with the other, and allowing power to be brought onshore to Denmark or Germany and for cross-border energy trading. The Combined Grid Solution (CGS) was inaugurated on Tuesday by German […]
Press Release, Tim Buckley and Saurabh Trivedi
Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal
20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]
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ReNews.biz: Vietnam could potentially bring online up to 10GW of offshore wind by 2030, according to recommendations by the World Bank and the Danish Energy Agency. The findings were presented by the organisations to the Vietnamese government as part of efforts to develop an offshore wind sector. The studies are being presented ahead of the […]
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Offshore Wind Journal: European electricity transmission system operator TenneT, which currently serves the Dutch and German markets, has put forward a plan to create an energy island that would form the basis of a massive cross-border offshore wind energy project that would export power to the Netherlands, Germany and Denmark. Speaking during a 15 September […]
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ZD Net: Apple has announced plans to invest in two of the world’s largest wind turbines in Denmark and says its huge Danish data center is now operational. Apple announced its Danish data center plans in 2015 and today revealed its 45,000 square-meter facility in Viborg, Denmark is finally operational. Apple had originally planned to […]
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Greentech Media: Ørsted, a developer synonymous with offshore wind, will have a novel experience in 2021: All of the new power plants it completes will be onshore, and most will involve solar panels. Since building the world’s first offshore wind project 30 years ago off the coast of Denmark, no other company has played a […]
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Renewables Now: Vestas Wind Systems A/S on Tuesday unveiled a 50-MW order for an intertidal project in Vietnam and a 150-MW deal for an unspecified Chinese project. The Vietnamese order was placed by Phuong Anh Group and covers the second phase of the Hoa Binh 1 wind farm project, the Danish manufacturer said. It will […]
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S&P Global Market Intelligence ($): The global pipeline of offshore wind projects grew 30% over the past year to reach 159 GW, with more and more countries outside Europe seeing an influx of developers jockeying for gigawatt-scale projects. U.K.-based industry body RenewableUK said July 22 that both new and established markets have seen ballooning development […]
IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits
Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]