Europe & UK

China’s 2060 carbon neutral goal bill could hit over $5 trillion

Europe & UK

Germany urged to be carbon-neutral by 2040

March 2, 2021 Anand Gupta

“What the next German government decides will have an impact on our greenhouse gas emissions over the next 20 to 30 years,” Xinhua news agency quoted Christiane Averbeck, Executive Director of Climate Alliance Germany, as saying in a statement on Monday. Germany should seek to achieve climate neutrality by 2040, 10 years earlier than officially […]

Europe & UK

Spanish energy companies to carry the torch for renewable deals

March 2, 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 […]

Europe & UK

Royal Dutch Shell in Germany seeks to speed up drive to go green

February 27, 2021 Anand Gupta

The energy major told an online conference on Friday it had applied for subsidies to carry out the work from the European Union and from German funds earmarked for decarbonisation. FRANKFURT: Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale […]

Europe & UK

EDP Sees More Growth in Solar Energy in Next Two Years, CEO Says

February 27, 2021 Anand Gupta

Portuguese utility EDP-Energias de Portugal SA sees more growth in solar energy as it aims to boost its renewable energy capacity, Chief Executive Officer Miguel Stilwell de Andrade said. “We see more potential growth for solar over the next couple of years,” the CEO said on Friday in a Bloomberg Television interview. “In terms of […]

Europe & UK

Abengoa Insolvency Filing Marks Spain’s Biggest Company Failure

February 24, 2021 Anand Gupta

Spanish Renewable Energy Firm Files for Insolvency Renewable energy group Abengoa SA filed for insolvency late on Monday, after its latest attempt to restructure its debts fell apart. The parent company of the renewable-energy producer, which is the entity that filed for insolvency, had around 1 billion euros ($1.22 billion) of liabilities in 2019. The […]

Europe & UK

RP Global to develop a 1GW solar PV and wind project pipeline in Poland

February 23, 2021 Anand Gupta

• RP Global is investing in the development of Solar PV and wind power projects across the country, totalling over 1GW of projected capacity. • Wojciech Glocko, former EPA Wind and utility manager, has been hired to head up project development together with a team of senior local experts from Poland’s leading public and private […]

Europe & UK

Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap

February 23, 2021 Anand Gupta

Norway’s $1.3 trillion wealth fund, the world’s biggest, is handicapped in chasing its environmental, social and governance investment goals by the political process, according to Global SWF. The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according […]

Europe & UK

UPDATE 4-Italy’s Eni vows to become carbon neutral by 2050 in latest green push

February 20, 2021 Anand Gupta

* Eni to merge renewable and retail businesses * Eni targets capex of 7 bln euros/yr to 2024 * Shares rise 2.3% vs flat European oil & gas index MILAN: Italian energy group Eni ENI.MI on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it […]

Europe & UK

Equinor and Engie partner to produce blue hydrogen from gas

February 19, 2021 Anand Gupta

The partners will investigate the production and market potential for so-called “blue” hydrogen derived from natural gas, whereby resulting carbon emissions are captured and stored permanently offshore. OSLO: Norway’s Equinor and France’s Engie will work together to develop ways to produce hydrogen with low carbon emissions, the two companies said on Thursday. The partners will […]

Europe & UK

Irish outfit designs solar floater for coastal communities

February 19, 2021 Anand Gupta

SolarMarine Energy in County Mayo, Republic of Ireland, has designed an innovative floating hybrid renewable energy system, which could provide clean power for Irish coastal communities. The research and development project was funded by the Marine Institute’s 2018 Industry-Led Awards scheme. Under the scheme, the Marine Institute provided €2.4m in funding for research projects to […]