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Reuters: German utility RWE and Norwegian oil and gas firm Equinor have joined an initial phase of a Dutch project to produce “green” hydrogen by using offshore wind power. The NorthH2 project, launched in February by Dutch Gasunie, Groningen Seaports and Shell, will use electricity to produce hydrogen from water avoiding carbon dioxide (CO2) emissions […]
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Reuters: Danish energy firm Orsted said on Friday it had finished building the largest offshore wind farm of the Netherlands, the first in a range that should boost the country’s share of sustainable energy in the coming decade. The 752 megawatt (MW) wind farm is currently the second largest in the world, Orsted said, and […]
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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Bloomberg: Orsted A/S, the world’s biggest developer of offshore wind farms, plans to use its latest Dutch installation to make green ammonia for use in fertilizer. The Danish utility will work with the fertilizer giant Yara International ASA to use wind power to create hydrogen and turn it into ammonia. The project could produce about […]
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Reuters: Dutch asset manager Robeco is excluding investments in thermal coal, oil sands and Arctic drilling from all its mutual funds, it said on Thursday, joining other investors in cutting their exposure to fossil fuels. Companies that derive 25% or more of their revenues from thermal coal or oil sands, or 10% or more from […]
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Bloomberg: After growing more than six-fold over the last two years, Poland’s solar energy market is only getting started as European climate goals force the country to speed up its exit from coal, a leading photovoltaic developer said. Photovoltaic power is set to dominate the country’s energy mix by 2040, according to the government’s prediction […]
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Bloomberg: The U.K.’s National Grid Plc and Dutch power transmission operator Tennet Holding BV are developing a plan to link the two countries’ power markets via giant wind farms at sea. The network managers want to use underwater cables to connect as much as 4 gigawatts of offshore wind farms to the power grids […]
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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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OffshoreWind.biz: The Borssele III & IV offshore wind farm produced first power early in the morning on 7 August, the Blauwwind consortium informs. The first of 77 MHI Vestas 9.5 MW wind turbines was installed at the project site in the Dutch part of the North Sea in May. At the end of July, TenneT […]
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Greentech Media: Oil major Shell and Dutch utility Eneco will build a super-hybrid offshore wind farm, having won the latest Dutch tender. The pair’s CrossWind consortium was revealed on Wednesday as the winner of the subsidy-free auction for the Hollandse Kust (noord) project. CrossWind plans to have the 759-megawatt offshore wind farm up and running […]
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 […]