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Denmark’s Orsted, Taiwan’s TSMC sign world’s largest renewable corporate power deal

  COPENHAGEN: Denmark’s Orsted (ORSTED.CO) said on Wednesday that Taiwan Semiconductor Manufacturing Co (2330.TW) has agreed to buy the entire power production from its third offshore wind farm in the Asian country. Under what Orsted called “the largest-ever contract of its kind within renewable energy”, TSMC will for 20 years buy 920 megawatts of power […]

EU to boost green hydrogen use for decarbonisation, focus on energy efficiency

European industry and refineries already use around 8 million tonnes of hydrogen each year, but most of this is “grey” hydrogen, a version made from natural gas in a process that produces planet-warming emissions BRUSSELS: The European Commission on Wednesday unveiled a strategy to scale up renewable hydrogen projects across polluting sectors from chemicals to […]

NEW REPORT REVEALS ECONOMIC PATH TO A RAPID COAL PHASE-OUT IN EUROPE

“Investing in the Recovery and Transition of Europe’s Coal Regions” report from BloombergNEF and Bloomberg Philanthropies shows potential for Bulgaria, Czechia, Poland and Romania to move off coal power, grow economies, and play a leading role in Europe’s green recovery BRUSSELS AND NEW YORK : Today, Bloomberg Philanthropies and BloombergNEF (BNEF) released “Investing in the Recovery […]

German parliament passes coal exit bill

BERLIN: Germany’s Bundestag, the lower house of parliament, on Friday passed a bill on the country’s exit from coal as a power source to meet climate targets. The bill involves over 50 billion euros ($56 billion) for mining and power plant operators, affected regions and employees to cushion the impact of the transformation from coal […]
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