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IEEFA
Bloomberg: Vattenfall AB plans to turn the site of its recently shuttered Moorburg coal power plant in northern Germany into a hub for turning wind and solar power into hydrogen. The Swedish state-owned utility is riding the growing enthusiasm for hydrogen, with many countries seeing the clean fuel as key to a low-carbon economy. Governments […]
Guest Commentary: Gerard Kreeft
Shows how to pivot from an oil company to an energy company
Last summer, French oil and gas giant Total SE announced a $7 billion impairment charge for two Canadian oil sands projects. This might have seemed like an innocuous move, merely an acknowledgement that the projects hadn’t worked out as planned. Yet it opened a Pandora’s box that could change the way the industry thinks about […]
IEEFA
S&P Global Market Intelligence ($): Governments, companies and individual consumers spent a record $500 billion transitioning to lower-carbon energy in 2020 despite economic disruptions caused by the coronavirus pandemic, research provider BloombergNEF said in a new report Jan. 19. Investment in renewable power, energy storage, electric vehicles, hydrogen and related sectors rose 9% year over […]
IEEFA
Agence-France Presse: Major firms including Sony, Panasonic and Nissan on Monday urged the Japanese government to make its 2030 renewable energy target twice as ambitious. Prime Minister Yoshihide Suga last year set a 2050 deadline for Japan to become carbon-neutral, but the country’s shorter term renewables goal has long been criticised as lagging. Japan currently […]
IEEFA
Greentech Media: The state of New York has awarded 2.5 gigawatts of offshore wind projects to developers Equinor and BP, the largest yet in the state’s massive offshore wind build-out and one of the single largest U.S. renewable energy contracts yet awarded. Wednesday’s award, announced by New York Gov. Andrew Cuomo during his 2021 State […]
Thu Vu
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power industry has sprung another surprise. As of 31 December 2020, the closing date for eligibility to the second solar feed-in-tariff program, a total of 9.3 gigawatts peak (GWp) (or 7.4GW) of rooftop solar capacity had been connected to the national power system, the state utility Electricity of Vietnam (EVN) has confirmed. There […]
IEEFA
Reuters: Britain’s electricity system saw the greenest year on record in 2020, National Grid said on Monday, with record renewable power and its longest spell without coal since the industrial revolution. “Significant periods of coal-free electricity generation and record-breaking levels of power from zero carbon sources were key factors… while record low electricity demand during […]
IEEFA
ReNews.biz: The Massachusetts state legislature has increased its offshore wind target to 5600MW for the state. An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy authorises an additional 2400MW of offshore wind procurement. It also raises the State’s Renewable Portfolio target to 40% by 2030. The legislation will now go to state Governor Charlie […]
IEEFA
S&P Global Market Intelligence ($): A consortium involving Ørsted A/S has been awarded €5 million in EU funding to investigate the offshore production of green hydrogen. The Danish wind giant, together with partners ITM Power PLC, Siemens Gamesa Renewable Energy SA and Element Energy Ltd., received support from the European Commission’s Fuel Cells and Hydrogen […]
IEEFA
S&P Global Market Intelligence ($): Belgium is set to produce 10% of its electricity demand from offshore wind in 2021 following the commissioning of two projects in its waters last year, with installed capacity soon planned to double with the implementation of a new development zone. Belgium now boasts 2.26 GW of offshore wind, making […]
IEEFA update: Australia’s first offshore wind project a step in the right direction, despite the cost
Allows early decommissioning of some of the old, polluting, unreliable units of the two Victorian brown-coal fired stations5 November 2019 (IEEFA Australia): Australia’s first offshore wind project in Victoria is a step in the right direction despite the over investment, according to a new IEEFA note out today. The ‘Star of the South’ off the coast of Gippsland in Victoria is a massive 2.2 gigawatts of wind capacity proposal and will be […]