Europe & UK

Europe & UK

EU eyes cuts to green transition fund in late bid to strike recovery deal

July 21, 2020 Anand Gupta

The proposal earmarked 30 per cent of both the EU budget and a new 750 billion euro coronavirus recovery fund for climate protection, and said all spending must comply with a principle to “do no harm” to EU green goals BRUSSELS: Cuts to climate funding were on the menu as European Union leaders sat down […]

Europe & UK

EDF Renewables strengthens development of wind power in Chile

July 21, 2020 Anand Gupta

Paris: EDF Renewables announces two significant steps forward in wind power in Chile. The first relates to the 60 MW extension of the Cabo Leones I wind farm located in northern Chile. The second relates to the award of land allowing up to 300 MW wind capacities. These future developments form part of the EDF […]

Europe & UK

Coal Demise Forces $1 Billion Writedown for Swedish Utility

July 21, 2020 Anand Gupta

Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish utility wrote down the value of the Moorburg facility in Hamburg by 9.1 billion kronor ($1 billion), according to its first-half earnings statement on […]

Europe & UK

Energyworx Announces Investment from ENGIE

July 20, 2020 Anand Gupta

SaaS-based Energy Data Management platform supports utility companies with the energy transition; investment from ENGIE New Ventures will be used to scale and accelerate international growth HOUTEN, The Netherlands: Energyworx, a market leader in cloud-based Energy Data Management solutions announces a strategic investment by ENGIE, through its venture capital arm ENGIE New Ventures. Based […]

Europe & UK

World’s first zero carbon lithium extraction project to start in Germany

July 16, 2020 Anand Gupta

Karlsruhe: EIT InnoEnergy, the European innovation engine for sustainable energy, has announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the World’s first completely carbon neutral lithium in Germany. The partnership is part of Europe’s strategic industry initiative, the European Battery Alliance, aimed at building an independent, sustainable, […]

Europe & UK

German solar firm led by former Q-Cells CEO seeks buyer

July 16, 2020 Anand Gupta

FRANKFURT: German solar power plant developer ib vogt GmbH, which is led by former Q-Cells Chief Executive Anton Milner, has been put up for sale by its family owners, a spokesman for the group said. Developers of wind and solar farms have attracted investor interest because of the global expansion of renewable energy resources as […]

Europe & UK

German solar firm led by former Q-Cells CEO seeks buyer

July 15, 2020 Anand Gupta

Developers of wind and solar farms have attracted investor interest because of the global expansion of renewable energy resources as nations seek to phase out the use of fossil fuels FRANKFURT: German solar power plant developer ib vogt GmbH, which is led by former Q-Cells Chief Executive Anton Milner, has been put up for sale […]

Europe & UK

Siemens Energy to set out plan to exit coal-generated electricity: CEO

July 9, 2020 Anand Gupta

“The fight against climate change requires a decisive change in power generation, as it is responsible for about 40 percent of global energy-related CO2 emissions,” , says Joe Kaeser BERLIN: Siemens Chief Executive said on Thursday he wanted the future managing board of Siemens Energy to quickly set out plans to exit coal-generated electricity “The […]

Europe & UK

Iberdrola signs agreement with EIB and ICO to drive green recovery in Spain

July 9, 2020 Anand Gupta

The EU bank is assisting this operation via a green energy loan, the features of which are fully in line with the requirements set out in its Climate Awareness Bonds programme. Iberdrola today signed an agreement with the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) to drive the green recovery by developing new […]

Europe & UK

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

July 8, 2020 Anand Gupta

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 […]