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Nikkei Asia ($): The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft new bloc strategy for the polar region. Brussels plans talks with partners over a possible multilateral ban on the […]
IEEFA
Renew Economy: More than a year since it was first unveiled, Spanish wind turbine manufacturer Siemens Gamesa has begun installation of its 14MW offshore wind prototype in Denmark, which will be the biggest turbine ever built. Siemens Gamesa unveiled its long-awaited 14MW wind turbine back in May of 2020, with the launch of its SG […]
IEEFA
Bloomberg ($): Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in Glasgow next month. The No New Coal agreement is the latest attempt to try and piece together a global phase-out of […]
Shantanu Srivastava and Press Release
Orsted transitioned from a coal intensive utility to a global renewable energy leader creating immense shareholder wealth
17 September 2021 (IEEFA India): Orsted, the once Danish state-owned utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive […]
IEEFA
Reuters: Activist fund ENKRAFT has taken a stake in RWE (RWEG.DE) and is calling for a separation of the company’s brown coal activities to remove the burden of a legacy business that has weighed on the value of shares in Germany’s largest power producer. ENKRAFT, which has a track record in investing in the renewable […]
IEEFA
REVE: Iberdrola has continued its expansion in the Asia-Pacific region with the announcement of three new offshore wind development projects in Taiwan, with potential capacity of approximately 6 gigawatts (GW). The projects are named Da-Chung Bu Offshore Wind, Guo-Feng Offshore Wind and Ju-Dao Offshore Wind and will be located in the county waters of Taichung, […]
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offshore WIND: Siemens Gamesa has launched what the company describes as the world’s first wind turbine blade ready for commercial use offshore that can be recycled at the end of its lifecycle – the RecyclableBlade. The first six 81-metre long RecyclableBlades have already been produced at the Siemens Gamesa blade factory in Aalborg, Denmark. Siemens […]
IEEFA
ReNews.biz: China has overtaken Germany as the world’s second largest offshore wind market behind the UK with 7.9GW of operational capacity, according to a new Global Offshore Wind report. World Forum Offshore Wind’s first half-year report for 2021 shows global offshore wind installations reached 34,137MW by the end of June. This demonstrates a slowdown in […]
IEEFA
Reuters: Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, government ministers said and documents showed. Burning fossil fuels is the main source of the greenhouse gas emissions heating the planet, but […]
IEEFA
Meath Chronicle: Statkraft, a European producer of renewable energy, has begun construction on Ireland’s largest solar farm which will create enough energy to power over 40,000 homes. Located in Ballymacarney in Kilbride, close to the Dublin border, the 200MWp project is among the very first solar farms to be constructed in the country. The project […]
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 […]