Europe & UK

Europe & UK

SSE sells UK retail energy unit to newcomer OVO

September 14, 2019 Anand Gupta

SSE’s retail energy business is the third-largest supplier of the “big six” in the British market, supplying energy and related services to around 3.5 million household customers. New Delhi: SSE has agreed to sell its British retail energy business to OVO Group for 500 million pounds ($617 million), catapulting a relative newcomer to a leading […]

Europe & UK

Netherlands: EIB and NWB Bank to support climate investments and water management

September 14, 2019 Anand Gupta

EUR 200 million for small and medium scale sub-projects by local water authorities, with a focus on sustainability. Financing will help Dutch water authorities adapt to adverse effects of climate change, by supporting flood-risk reduction and water resources management schemes. The European Investment Bank (EIB) and Nederlandse Waterschapsbank N.V. (NWB Bank) are making EUR 200m […]

Europe & UK

65GW of European Onshore Wind Turbines Need Upgrades or Replacements by 2028

September 12, 2019 Anand Gupta

With more wind turbines in Europe reaching end-of-design-life, regulation will be essential to preserving wind capacity. Some 65 gigawatts of European onshore wind turbines will reach end-of-design-life by 2028. From 2019 to 2028, an average of 4 gigawatts of turbines per year that are reaching end-of-design-life will be lifetime extension (LTE) suitable, according to new […]

Europe & UK

Greenpeace blocks unloading of coal at Polish port

September 12, 2019 Anand Gupta

Greenpeace activists hung banners on the cranes reading “Poland without coal 2030” Warsaw: Greenpeace said its activists climbed cranes at the Polish port of Gdansk Wednesday to block the unloading of coal from Mozambique, and called on the government to move to renewable energy. “At dawn, 29 Greenpeace activists climbed two cranes at a coal […]

Europe & UK

EIB approves EUR 7 billion for new social housing, clean energy, transport and business investment

September 12, 2019 Anand Gupta

EUR 630 million to improve social and affordable housing across Europe EUR 1.4 billion support for urban and international transport EUR 2.8 billion backing for private sector investment The European Investment Bank (EIB) has agreed EUR 7 billion of new financing. This includes support for new investment to improve social housing, clean energy and sustainable […]

Europe & UK

Greece: Piraeus Bank joins new EIB green and urban infrastructure investment programme

September 12, 2019 Anand Gupta

Piraeus Bank to support EUR 650 million national infrastructure initiative Financing under the national investment programme to be available in coming weeks Eligible renewables energy, energy efficiency and urban projects Innovative financing scheme combines EU, national and EIB funds Piraeus Bank has agreed to support a new EUR 650 million infrastructure investment programme developed by […]

Europe & UK

EIB board starts discussion of future energy lending policy

September 11, 2019 Anand Gupta

Draft energy lending policy follows largest ever public consultation of EIB lending Proposals to strengthen EIB support for decarbonisation, energy efficiency and innovation Discussions expected to continue at October meeting Meeting in Zagreb ahead of the Croatian Presidency of the European Union, the EIB Board of Directors today had a first reading of the bank’s […]

Europe & UK

Europe’s Onshore Wind Power Potential Is Quite Large, and 100% of the World’s Electricity Can Be Provided, Study Says

September 5, 2019 Anand Gupta

Europe’s wind power industry really stands out in the world, and the installed capacity has either reached the second or the top. In 2018 alone, Europe has invested 27 billion euros to develop new wind farms. The installed capacity is expected to increase by 16.7GW. The recent research in the United Kingdom and Denmark pointed […]

Europe & UK

RES to Build a Huge PV Power Station in New South Wales

September 5, 2019 Anand Gupta

After a long wait, RES, a U.K. renewable energy developer, has finally been approved to build a 200 MW PV power station and a 10 MW/10 MWh energy storage battery system in New South Wales of Australia. The state government of New South Wales issued a green light to the project, dubbed Avonlie, due to […]

Europe & UK

Norway’s Statkraft looks to expand in Brazil’s renewables -exec

September 5, 2019 Anand Gupta

SAO PAULO: Norway’s power generator Statkraft AS plans to sharply increase its capacity to produce renewable energy in Brazil in the next four to five years, the head of the Brazilian unit, Fernando de Lapuerta, told Reuters. The company is looking to acquire some Brazilian projects and also plans to take part in coming rounds […]