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Silicon Republic: The [915 megawatt Moneypoint] coal-burning power plant in Co Clare will be transformed into a renewable energy site over the next decade. A 1,400MW floating offshore windfarm, a turbine construction hub and a hydrogen production facility are among the plans to transform ESB’s Moneypoint site into a green energy hub. Today (9 April) […]
IEEFA
S&P Global Platts ($): Dominant Czech electricity producer CEZ a.s. will close all three remaining units of its coal-fired Detmarovice power plant, with a total capacity of 600 MW, by the end of the 2022-2023 heating season at the latest, the company said in a statement on April 6. The three units in the eastern […]
IEEFA
ReNews.biz: A record of over 260GW of new renewable energy capacity was installed in 2020, despite the impact of Covid-19, according to new data from the International Renewable Energy Agency (IRENA). IRENA said in its ‘Renewable Capacity Statistics 2021’ report that new capacity in 2020 exceeded expansion in 2019 by close to 50%. More than […]
IEEFA
Balkan Green Energy News: Renewable energy company Enel Green Power, part of the Enel Group, and Monsson Alma, a subsidiary of Monsson Group, have signed an agreement on the development of 500 MW of wind power and 500 MW of solar projects in Romania. The projects will be ready for construction in the next three […]
IEEFA
Reuters: Denmark’s Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday. The wind farm would have capacity to produce 2 gigawatts of electricity and would power the 1-gigawatt hydrogen plant. The hydrogen facility would be able to produce […]
IEEFA
Reuters: The global wind industry could install nearly 1 terawatt (TW) of new capacity between now and 2030, with much of that added by China, consultancy Wood Mackenzie said on Monday. China’s target of having 1,200 GW of wind and solar by 2030 could result in 408 GW of new wind capacity from 2021 to […]
IEEFA
Euractiv: Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) when French power utility EDF announced the 162nd plant will close in 2022. EDF’s planned closure of the West Burton coal-fueled power plant in the north of England – one of […]
Press Release and Arjun Flora
Italian gas giant publicizes hydrogen commitment while spending shows business as usual
March 16, 2021 (IEEFA) — Even as it seeks to attract funding from sustainability-led lenders, Europe’s largest gas pipeline company continues to devote the vast majority of planned capital spending to unabated fossil gas infrastructure, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). Snam, the Milan-based gas transmission system […]
IEEFA
Bloomberg: Axa SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive Officer Rolf Martin Schmitz to his counterpart at Axa, Thomas Buberl, was enough to persuade the insurer to retreat […]
IEEFA
Reuters: French renewable energy producer Neoen on Thursday announced plans to more than double its capacity by the end of 2025, by rapidly expanding its presence in the countries where it already operates. The group, which owns Australia’s “Victorian Big Battery” project, is targeting capacity of at least 10 gigawatts in operation or under construction […]
IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure
Italian gas giant publicizes hydrogen commitment while spending shows business as usualMarch 16, 2021 (IEEFA) — Even as it seeks to attract funding from sustainability-led lenders, Europe’s largest gas pipeline company continues to devote the vast majority of planned capital spending to unabated fossil gas infrastructure, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). Snam, the Milan-based gas transmission system […]