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While solar deployment is accelerating, bottlenecks in the wind industry are jeopardizing the chance to meet a global target to triple renewable capacity by 2030. The world’s green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the …
A Wind Power Crisis Is Holding Back the World’s Green Energy Goal Read More »
By Andres Gonzalez and Ron Bousso CEO seeks to scale back focus on renewables, sources say BP seeks to reduce spending in offshore wind, sources say Company has projects in Britain, UK, Germany and Asia LONDON, Oct 17 (Reuters) – BP (BP.L) is considering selling a minority stake in its offshore wind business, according to …
Exclusive: BP Weighs Sale of Minority Stake in Offshore Wind Business, Sources Say Read More »
(Reuters) – India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday. “We need to think about how we should localize supply chain for transmission equipment,” Agarwal said, adding that 1,650 gigawatts (GW) of global renewable …
(Reuters) – Governments’ targets and plans to speed up the use of renewable energy are set to deliver only half of the growth needed to reach a U.N. climate goal to triple capacity by 2030, a report by the International Renewable Energy Agency (IRENA) showed. WHY IT’S IMPORTANT The renewable energy goal set at the COP28 …
Countries’ Renewable Energy Plans Fall Short of Target, Says IRENA Read More »
Summary Renewables should meet nearly half of world’s electricity demand Growth not enough to meet triple capacity target set at COP28 Increase driven as renewables often cheapest option But millions of kilometres of grid upgrades needed (Reuters) – Renewable energy sources are set to meet nearly half of all electricity demand by the end of …
Renewable Energy to Fall Short of UN Goal to Triple by 2030, IEA Says Read More »
The asset manager has raised US$10 billion for a fund dedicated to investing in the energy transition Bloomberg News The asset manager said earlier this year that it raised US$10 billion for a fund dedicated to investing in the energy transition as well as US$2.4 billion for a similar fund focused on emerging markets. It’s …
(Reuters) – Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in renewable energy group Orsted it said on Monday, making it the second largest shareholder after the Danish government. Orsted’s share price rose on the news, trading 3.4% higher at 1103 GMT, while Equinor’s shares fell by 1.9%. An Orsted spokesperson declined …
Equinor Buys 9.8% Stake in Orsted Valued at $2.5 Billion Read More »
Summary Norway plans first floating wind tender in 2025 Floating wind is an immature technology requiring state support Subsidies to be capped at 35 billion Norwegian crowns (Reuters) – The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidies in the country’s first commercial floating wind power …
Norway Plans $3.3 Billion Floating Wind Subsidy Cap Read More »
Summary New PM Ishiba waters down tone against nuclear power in Japan Japan to continue with nuclear power plant restarts, new METI minister Muto says Japan to use renewable energy to its maximum, METI minister says (Reuters) – Japan plans to continue safely restarting nuclear power plants and will use as much renewable energy as …
Japan to Keep Nuclear, Boost Renewables in its Energy Mix, New Industry Minister Says Read More »
(Reuters) – U.S. trade officials this week may impose new tariffs on solar panels from four Southeast Asian nations that American manufacturers have complained employ unfair subsidies that make U.S. products uncompetitive. The announcement, due on Tuesday, is the first of two preliminary decisions the Commerce Department will make this year in a trade case brought …
U.S. To Unveil First of Two Decisions on More Solar Tariffs Read More »
