Abu Dhabi Future Energy Company PJSC, better known as Masdar, on Thursday announced a memorandum of understanding (MoU) with the sovereign wealth fund of Kazakhstan, Samruk-Kazyna, to evaluate the potential to jointly develop renewable energy projects in the Asian country. The partners will also consider setting up a joint venture. For Masdar, Central Asia is […]
EDP to invest €24bn in energy transition
The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]
Australia confronts “tidal wave” of new renewables supply
Up to 70,000GW of renewable energy supply is expected to be added to Australia’s National Electricity Market (NEM) by 2025, hastening the unviability of gas and coal power plants. Between three and five of the remaining 15 coal power stations in the NEM will be under financial stress by 2025. The warning is sounded in […]
Policy Measures to Advance Jordan’s Transition to Renewables
A new report published today by the International Renewable Energy Agency (IRENA) has identified a series of policy measures that can help advance the energy transition towards renewable energy in Jordan. The “Renewables Readiness Assessment: The Hashemite Kingdom of Jordan” – developed in co-operation with Jordan’s Ministry of Energy and Mineral Resources, suggests opportunities exist […]
Australia to revise clean energy policy and unlock $40bn in investments
The Australian government should revise its renewable energy policy to unlock future investments of up to $40 billion within the power generation sector, according to a new study released by research firm Wood Mackenzie. Two thirds of the investments are expected to flow into new-build renewables by 2030, with equal amounts going into wind and […]
EU Power Sector in 2020
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 […]
Siemens Gamesa wins Vietnamese nearshore project deal
The 100MW Tra Vinh Dong Hai 1 wind farm will feature 25 of its turbines Siemens Gamesa has secured its largest nearshore project to date in Vietnam – the 100MW Tra Vinh Dong Hai 1 wind farm. Located in Tra Vinh province, the project will feature 25 SG 5.0-145 turbines with a flexible power rating. It is the first nearshore project by […]
AC Energy buys stake in Solar Philippines
AC Energy, part of Philippines business group Ayala, has acquired a 97.6% stake in Solar Philippines Central Luzon (SPCLC) from Solar Philippines Power Project Holdings to form a joint venture to develop solar power projects in central Luzon, Philippines. AC Energy said that SPCLC and another of its subsidiaries, Santa Cruz Solar Energy Inc, would bid for electricity […]
Renewables, energy storage and the future of smart cities
‘Smart cities’ are no longer considered to be just a buzzword; they are a topic of constant conversation, and they’ve already come to fruition across the globe. From Singapore to San Francisco, organisations, government officials and city planners have made incredible efforts to support the development of intelligent communities. Seydou Kane, managing director for Eaton […]
NextEra doubles down on renewables as energy transition gathers steam
The company’s shares have tripled in the last five years, boosting the its value to around $170 billion, nearly as much as that of oil major Chevron Corp NextEra Energy Inc, the world’s largest producer of wind and solar energy, said on Tuesday it would invest more in renewable power generation, hoping to make the […]
