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ReNews.biz: Acciona and international metals group Korea Zinc have reached an agreement to jointly develop the 923MW MacIntyre Wind Farm in Queensland, Australia. MacIntyre is one of the largest renewable energy projects in Australia, and the largest energy project in Acciona’s portfolio. Under the agreement Ark Energy, a subsidiary of Korea Zinc, will take a […]
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PV Tech: Spanish energy company Iberdrola has added 750MW of solar PV capacity to its development pipeline. The plans include two utility-scale Spanish solar facilities; the 380MW Tagus project in the municipality of Alcántara and the 375MW Cedillo plant, located between Alcántara and Herrera de Alcántara, close to the Portuguese border. Both projects, which will […]
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Recharge: The market leader in build-anywhere long-duration energy storage, Highview Power, now has more than a dozen firm projects in its pipeline, adding up to roughly 400MW/4GWh, the company’s chief executive reveals to Recharge. Eight of these will enter the execution phase this year or next, in addition to the 50MW/250MWh project currently under construction […]
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Agence France-Presse: Spanish banking giant Santander said Monday it would stop doing business with companies most exposed to coal mining by 2030 as part of its efforts to fight climate change. Santander will cut all exposure to thermal coal mining and stop providing services to power generation clients that earn more than 10 per cent […]
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Bloomberg: China Three Gorges Corp. agreed to buy Spanish renewable assets from a group of billionaires, as the Chinese energy giant seeks to double down on the southern European country. State-owned Three Gorges will acquire 100% of a portfolio of more than 400 megawatts of operational plants from a consortium led by Corporacion Masaveu, backed […]
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Reuters: Spanish energy and engineering company Acciona is planning to hive off and list its renewable power business on the stock market, the company said on Thursday as it posted an 8% rise in annual profit. While the scale and structure of the listing have yet to be defined, at least 25% of the new […]
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Reuters: Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession. The Spanish firm did not say where it would build its first big […]
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Renewables Now: The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the government wants to […]
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S&P Global Market Intelligence ($): Naturgy Energy Group SA has written down the value of its Spanish gas-fired power plants by €1.15 billion, illustrating how the policy-driven shift to renewable energy continues to put pressure on carbon-intensive businesses. The company, one of Spain’s largest utilities, said Feb. 4 that the impairment was driven both by […]
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Greentech Media: Green hydrogen is set to play a substantive role in the overall energy mix with its development likely to happen faster than anyone predicts, according to a new report by Wood Mackenzie. The 2050: The Hydrogen Possibility report details how the project pipeline has grown nine-fold since October 2019 to a staggering 26 […]
IEEFA: European gas pipeline companies mislead investors by underreporting CO2
Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellersDecember 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]