Europe & UK

Europe & UK

Bitcoin’s green haven is running out of surplus electricity

April 19, 2021 Anand Gupta

The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins […]

SoftBank’s Masayoshi Son Offers Free Solar Power to India

Europe & UK

SoftBank’s $120 Million Norway Deal Has a High-Pay Theme to It

April 19, 2021 Anand Gupta

After spending $120 million on a stake in an online grocer in Norway, SoftBank Group Corp. is laying out the business logic of targeting a market that boasts Europe’s highest hourly labor costs. The deal is an example of how countries that pay average workers really well often come up with some of the smartest […]

EIB Investment Report 2020,2021- European Union is leading the way in green technology investment

Europe & UK

Europe Drafts Green Investment Standards From Cars to Houses

April 19, 2021 Anand Gupta

Europe is seeking to define what qualifies as green across the economy in a bid to attract billions of euros projects compatible with its ambition of becoming the world’s first…Read More…

Europe & UK

TechnipFMC, Norway’s Magnora to develop floating wind power

April 19, 2021 Anand Gupta

The partnership, called Magnora Offshore Wind, plans to apply for acreage off Scotland and Norway in tenders this year and will explore production of emissions-free hydrogen. OSLO: TechnipFMC and Norway’s Magnora will join forces to develop floating wind power projects, the offshore technology provider and renewable energy firm said on Thursday. The partnership, called Magnora […]

Farm Workers Receive Covid-19 Vaccinations

Europe & UK

HEINEKEN aims to be carbon neutral in production by 2030 and full value chain by 2040

April 17, 2021 Anand Gupta

Amsterdam: HEINEKEN today announced a new ambition to decarbonise its own production by 2030 and its full value chain by 2040. This is the first in a series of refreshed Brew a Better World ambitions, which form an important part of the company’s new EverGreen balanced growth strategy. “In this Decade of Action1, we are […]

Europe & UK

Norway sovereign wealth fund buys first renewable energy stake

April 8, 2021 Anand Gupta

The fund, which has more than 1.1 trillion euros ($1.3 trillion) in assets, said it will buy a 50 percent stake in what is currently the world’s second-largest offshore wind farm. Oslo: Norway’s sovereign wealth fund, which is financed from taxes paid by the nation’s oil and gas industry, said Wednesday it had made its […]

Europe & UK

Winds of change: how Enel and Iberdrola powered up for the energy transition

April 6, 2021 Anand Gupta

European oil giants such as BP, Royal Dutch Shell and Total have sharpened their focus on power, seeing it as the sector to build their businesses around as they reinvent themselves as clean energy suppliers. MILAN/MADRID: Europe’s biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the […]

Europe & UK

Orsted plans offshore wind farm, hydrogen plant at North Sea Port

April 3, 2021 Anand Gupta

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 about 116,000 tonnes a year by 2030 for use as energy. COPENHAGEN : Denmark’s Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the […]

Europe & UK

Italy’s Saras plans to spin off renewable energy business

April 3, 2021 Anand Gupta

MILAN : Italian refiner Saras plans to spin off its renewable energy business and bring on board a partner to help fund future development, company managers said on Tuesday. “We are planning to separate entirely the renewable business, possibly partnering,” Chief Executive Dario Scaffardi said in a call on results and outlook. Saras, which operates […]

Europe & UK

Spanish energy companies to carry the torch for renewable deals

March 31, 2021 Anand Gupta

Rising demand for environmentally friendly investments is focusing attention on Spain’s under-exploited solar and more established wind sector MADRID/LONDON: Several Spanish clean energy companies are planning stock market listings or stake sales within the next two years, taking advantage of a market boom in green assets to raise funds to build more wind farms and […]