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Energy Transition
Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln
Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…
Wind Farm
Billionaire Forrest Aims to Develop 5 GW of Wind Farms by 2030
CWP Renewables, now in the hands of Andrew Forrest, plans to develop 5 gigawatts of wind farms in Australia by 2030.
Romania
MET Group Enters Romanian Renewables Market
Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar pro…
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.
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