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Energy Investment
North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…
Offshore Wind Power
Orsted Eyes One of Europe’s Largest Green Hydrogen Plants to Tap North Sea Offshore Wind
Danish renewables giant partners with compatriot developer for power-to-x facility it says could grow to 3GW of electrolysis
Net Zero Emission
Global Renewable Power Capacity Growth Set to Double by 2027, IEA Says
Energy crisis a 'historical turning point' towards cleaner energy, IEA's executive director Fatih Birol says.
Denmark
ØRsted and Skovgaard Energy Team up on Power-to-X Facility in Denmark
Ørsted and Skovgaard Energy, a Danish renewable energy developer, have signed a letter of intent to jointly develop a Power-to-X facility in Denmark.
United Arab Emirates
New UAE Law Regulates Renewables Production Units Link to Grid
This is in line with UAE’s plan to diversify renewable energy sources.
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
India
Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India
Once completed, it is expected to produce 1.163 million MWh of clean energy.
Energy Storage Battery
Major Energy Players Seal Big Deals for Renewables
The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…
Energy Storage Battery
China May Need 4,300GW Storage Capacity by 2050: Report
This is to help back up renewables’ intermittency.
China
China’s Renewables Could Grow up to 6,000GW by 2050
Power demand is projected to reach 13,600TWh by 2050.
Energy Transition
Sustainable, Low-Cost Hydrogen - a Revolutionary Step in the Energy Transition
Governments and corporations are under increasing pressure to adopt large-scale renewable energy sources and meet current climate goals to help mitigate the eff…
Energy Storage System
ADB Launches Grid-Connected Hybrid Renewable Energy in Mongolia
The Asian Development Bank (ADB) has launched a hybrid renewable energy system in Mongolia.
Electric Car
UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity
Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…
Carbon Emissions
Rio Tinto to Invest $600 Mln More in Renewable Energy Assets
Rio Tinto Ltd plans to invest a further $600 million in renewable energy assets in the iron ore-rich Pilbara region of Western Australia, the miner said on Wedn…
Pumped Storage
Australian Firms Enter JV for 4.5GW Storage Development in Victoria
It will be integrated with new renewable generation and green hydrogen production.
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