Europe & UK

Europe & UK

Eni to grow green footprint in Spain after buying three solar power plants

February 19, 2021 Anand Gupta

The plants have a total installed capacity of 140 megawatts (MW), Eni said, adding it was in talks with X-Elio to develop more renewable energy projects in the country to reach 1 gigawatts (GW) over the next five years. MILAN: Italian energy group Eni has agreed to buy three solar power projects in Spain from […]

Europe & UK

Spain’s Acciona eyes spin-off and listing of renewable energy unit

February 19, 2021 Anand Gupta

Acciona will release additional information after the board meeting, it told the stock market regulator in a filing MADRID: The board of directors of Spanish energy and engineering company Acciona will discuss on Thursday a plan to spin off its renewable unit Acciona Energia and list it on the stock market, the company said. Acciona […]

Europe & UK

Spain’s Iberdrola seeks EU funds for large-scale floating wind power farm

February 17, 2021 Anand Gupta

Several projects are underway in Europe to build turbines on floating platforms where the seabed is too deep for fixed structures MADRID: 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 & UK

OMV Plans Austria’s Biggest Green Hydrogen Electrolysis Plant

February 16, 2021 Anand Gupta

OMV AG will build Austria’s biggest green-hydrogen electrolysis plant at a refinery outside of Vienna. Producing the world’s lightest element exclusively with renewable energy is a key part of the Alpine country’s effort to clean up its heavy industry. Hydrogen is already a key feedstock for chemicals and is expected to increasingly be used as […]

Europe & UK

Surge in Britian’s Renawabale Power Exposes Grid Risks

February 15, 2021 Anand Gupta

A record year for renewable power in the U.K. showed the need for a broader suite of green technologies to balance the grid once fossil fuels fade away entirely. Green power exceeded coal and gas generation in the country’s energy mix for the first time in 2020. While this is a step in the right […]

Europe & UK

Denmark to create world’s first energy island in the North Sea

February 11, 2021 Anand Gupta

The artificial island, which in its initial phase will be the size of 18 football fields, will be linked to hundreds of offshore wind turbines COPENHAGEN: Denmark approved a plan on Thursday to build the world’s first energy island in the North Sea that will produce and store enough green energy to cover the electricity […]

Brookfield Renewable to Issue CDN$425 Million of Green Bonds

Europe & UK

Scatec ASA – Successful placement of EUR 250 million of new senior unsecured green bonds

February 10, 2021 Anand Gupta

Oslo: Scatec ASA (“Scatec”) has successfully completed a EUR 250 million senior unsecured green bond issue with maturity in August 2025. The new bonds will have a coupon of 3 months EURIBOR plus 250 bps (approximately 1.96% currently). The proceeds from the bond issue will be used for i) refinancing of the outstanding bond with […]

Europe & UK

EU Power Sector in 2020

February 8, 2021 Anand Gupta

Landmark moment as EU renewables overtake fossil fuels Climate neutrality by 2050 means renewables growth will further accelerate Ember and Agora Energiewende’s fifth annual report tracking Europe’s electricity transition was published on 25th January 2021. It revealed that renewables overtook fossil fuels to become the EU’s main source of electricity for the first time in […]

What Is Going on With China’s Crazy Clean Energy Installation Figures

Europe & UK

Macquarie’s GIG launches new European solar energy company, Cero Generation

February 3, 2021 Anand Gupta

Macquarie’s Green Investment Group launches new European solar energy company, Cero Generation Cero Generation will deliver utility-scale and on-site generation projects, as well as integrated energy storage solutions, across Europe With more than 8 GW under development across 150 projects, Cero is launched with one of Europe’s largest solar development portfolios. Macquarie’s Green Investment Group (GIG) launches Cero Generation (Cero), a specialist solar energy company working across Europe […]

Europe & UK

Norway Wealth Fund Dumps Oil Stocks Amid $10 Billion Loss

January 30, 2021 Anand Gupta

Norway’s sovereign wealth fund has sold its entire portfolio of companies focused on oil exploration and production, marking a major step away from fossil fuels for the investing giant. The portfolio, worth about $6 billion in 2019, was fully exited by the end of last year, Trond Grande, the fund’s deputy chief executive, said by […]