Europe & UK

Europe & UK

Burkina Faso: EUR 38.5m EIB backing for solar power and flood protection

January 29, 2021 Anand Gupta

New climate action support welcomed by Ministers and Mayor of Ouagadougou 50MW Sonabel solar plant to transform clean power generation and reduce imports Flood protection to improve public health, protect property and urban development The European Investment Bank today confirmed EUR 38.5 million of new financial and technical support to transform renewable power generation […]

Europe & UK

EIB to support Croatia invest more in energy, climate and sustainability projects

January 28, 2021 Anand Gupta

The EIB and Croatian Ministry of Economy and Sustainable Development to expand cooperation on development and financing of Croatia`s key energy, resilience and climate projects EU Bank will support Croatia maximize on opportunities created by various EU funds and initiatives, including the European Commission`s Green Deal Investment Plan; Partners will join efforts to contribute towards […]

Europe & UK

REPSOL JOINS INTERNATIONAL CONSORTIUM TO DEVELOP RENEWABLE HYDROGEN TECHNOLOGY

January 28, 2021 Anand Gupta

Repsol S.A. (Madrid, Spain) has joined an international consortium to develop cutting-edge renewable hydrogen technology. The H24All project, led by a consortium of fifteen partners, has presented an application for European Green Deal funding to develop Europe’s first 100 megawatt (MW) alkaline electrolyzer plant, which will be connected to a Repsol industrial site. The consortium […]

Goldman Sees $200 Billion Opening From European Tech Unicorns

Europe & UK

Goldman Sees $200 Billion Opening in European Tech Unicorns

January 27, 2021 Anand Gupta

Goldman Sachs Group Inc. is stalking unicorns. The Wall Street bank, which built its reputation by pursuing opportunities that rivals were slow to respond to, wants to find the next generation of technology companies in Europe with the potential to achieve $1 billion-plus valuations. Doing so can unlock a $200 billion base of fast-growing clients, […]

Solar and Wind Cheapest Sources of Power in Most of the World

Europe & UK

Spain awards clean power capacity below market price in oversubscribed auction

January 27, 2021 Anand Gupta

In the country’s first clean energy auction since 2017, home-grown power group Naturgy was picked to supply 235 megawatts (MW), a company spokeswoman said MADRID: Spain has chosen 32 bidders out of 84 hopefuls to supply more than 3 gigawatts (GW) of renewable power in projects that will generate over 2 billion euros in investments, […]

Europe & UK

ECB pledges to buy green bonds as pressure rises on Bank of England over climate change

January 26, 2021 Anand Gupta

The European Central Bank stepped up its focus on climate change on Monday. It will invest in a green bond fund and create a dedicated “climate center”. UK lawmakers pressured the Bank of England over its support for polluters. The European Central Bank stepped up its focus on climate change on Monday, announcing that it will create a specialist team to […]

Europe & UK

EIB Investment Report 2020/2021: European Union is leading the way in green technology investment

January 22, 2021 Anand Gupta

The European Union is a global leader in green innovation and even more so in innovation that is both green and digital. The COVID-19 crisis is putting the investment needed to drive the green and digital transformation at risk. EU investment in climate change mitigation is well behind that of China, but ahead of the […]

Europe & UK

GERMANY, OFFSHORE WIND TO DRIVE EUROPEAN PPA MARKET GROWTH BEYOND 10GW IN 2021 – PEXAPARK

January 21, 2021 Anand Gupta

– Pexapark market outlook for 2021 predicts continued investment in energy risk management to prepare for evolving PPA market dynamics – Mergers and acquisitions in renewable energy predicted to increase as companies seek to vertically integrate energy sales capabilities from across the value chain Zurich: The European renewable energy power purchase agreement (PPA) market is likely to exceed […]

Siemens Gamesa warns coronavirus will keep squeezing 2020 finances

Europe & UK

Siemens Gamesa, Siemens Energy tap hydrogen boom in wind alliance

January 19, 2021 Anand Gupta

In the European Union, renewable hydrogen, which can replace fossil fuel in sectors that are struggling to decarbonise, is seen as a way to meet goals to reduce emissions FRANKFURT/DUESSELDORF: Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the […]

Scatec Solar secures first combined solar and battery project with IOM – UN Migration

Europe & UK

Scatec ASA receives regulatory approvals related to acquisition of SN Power

January 18, 2021 Anand Gupta

Oslo: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. About Scatec ASA: Scatec is a leading renewable […]