Europe & UK

Western Australia govt okays 15-GW wind, solar mega-project

Europe & UK

EU eyes huge increase in offshore wind energy to meet climate goals

November 7, 2020 Anand Gupta

The 27-nation EU, which is already home to 42 per cent of the world’s offshore wind capacity, says the technology now produces clean power at a lower price than any fossil fuel-base per centd source BRUSSELS: The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold […]

Europe & UK

Iberdrola to invest $88 billion in ‘energy revolution’ by 2025

November 7, 2020 Anand Gupta

Countries and companies the world over are seeking to cut emissions to combat climate change, buoying renewables-focused companies including Iberdrola. MADRID: Spanish wind energy group Iberdrola plans to invest 75 billion euros ($88 billion) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it […]

Europe & UK

Investor Aquila Capital sets sights on energy efficiency projects

November 6, 2020 Anand Gupta

Aquila, which oversees 11.1 billion euros, will invest in projects including LED lighting systems and photovoltaic systems to help industrial and commercial clients cut their energy bills. FRANKFURT: Germany’s Aquila Capital plans to invest 50-70 million euros ($59-$82 million) per year in energy efficiency projects, it said, hoping to benefit from a push by corporations […]

Europe & UK

Iberdrola Plans $88 Billion of Investment in Energy Transition

November 6, 2020 Anand Gupta

Iberdrola SA will invest 75 billion euros ($88 billion) through 2025, part of a program to triple its renewable energy capacity by the end of the decade and take advantage of a shift toward cleaner forms of energy. The Spanish utility’s ambitions builds on a goal to make the company emissions free by the […]

Key Highlights of MERC’s Net Metering Regulation, 2019

Europe & UK

EUROPE POWER-Spot prices jump on falling wind and solar supply

November 3, 2020 Anand Gupta

PARIS: European spot electricity prices for Tuesday delivery climbed on a forecast of tumbling power generation from wind turbines, along with falling solar power supply and rising demand. * The price of over-the-counter baseload for Tuesday delivery in Germany jumped to 36 euros ($41.91) a megawatt hour (MWh) at 1016 GMT, up 82.3% compared to […]

Why the coronavirus crisis could make Big Oil greener

Europe & UK

REFILE-Pandemic, energy transition to hasten peak in global oil demand -Rystad Energy

November 3, 2020 Anand Gupta

OSLO: The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted on Monday. Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd), down from a pre-pandemic forecast of a peak […]

Europe & UK

Photon Energy Commissions Additional Six PV Power Plants in Püspökladány, Hungary

November 2, 2020 Anand Gupta

· The six photovoltaic (PV) power plants have a combined capacity of 8.5 MWp and are located in the municipality of Püspökladány, Hungary · The total annual revenues of the power plants are expected to amount to EUR 1.1 million · Photon Energy has already commissioned two power plants in Püspökladány. Another two are scheduled to be grid-connected in November 2020 Amsterdam: […]

FILE PHOTO: New hydrogen fuel cell truck made by Hyundai is displayed in Luzern

Europe & UK

Norway’s Nel, Statkraft agree to produce green hydrogen for steelworks

October 31, 2020 Anand Gupta

OSLO: Norwegian hydrogen producer Nel NEL.OL and utility Statkraft have agreed to build a plant to deliver green hydrogen to a steelworks in northern Norway, replacing fossil fuel, the companies said on Friday. A letter of intent signed by the two firms covers the delivery of an alkaline electrolyser plant with 40-50 megawatt capacity in […]

“Green Future Tour” with E-cars and H2-cars from Rostock to S

Europe & UK

Spain Could Become Green-Ammonia Exporter With Hydrogen Project

October 30, 2020 Anand Gupta

Spanish power company Iberdrola SA and fertilizer maker Fertiberia SA have proposed a 1.8 billion-euro ($2.1 billion) plan to turn the country into an exporter of ammonia made exclusively with renewable energy. The pair outlined their green-hydrogen partnership on Wednesday, aiming to decarbonize the production of the compound currently made at fossil-fuel powered chemical plants. […]

Europe & UK

Denmark’s European Energy to build Nordics’ biggest solar farm

October 29, 2020 Anand Gupta

The solar farm will be built near planned data centres as well as a major regional transformer station in the municipality of Aabenraa in Southern Jutland, it said in a statement OSLO: Danish renewables firm European Energy will build a 300 megawatt (MW) solar power farm in southern Denmark, the biggest installation of its kind […]