Green progress: Germany’s CO2 emissions fall to 1950s levels after RE dominates energy mix

Germany's carbon dioxide emissions fell to their lowest in 70 years in 2023, touching levels last seen in the 1950s, the think tank Agora Energiewende announced. This was largely d...

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Iberdrola, Masdar to invest €15 bn in offshore wind, green H2 projects

Source: Masdar

At COP28 in Dubai, energy firms Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydro...

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RWE boosts green investments to €55 billion

German utility eyes renewables portfolio exceeding 65 GW under new investment plan covering 2024 to 2030 Where the money'll flow Solar capacity will rise from 3.9 GW now to 16 GW b...

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UK raises guaranteed prices for RE projects, offshore wind to get 66% more, solar up 30%

The UK has announced increases in the country's guaranteed price renewable energy projects after a review of the country's 'maximum strike price' for such projects. The biggest inc...

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Daily Shorts: Singapore’s Sembcorp eyes 25 GW RE capacity by 2028, Orsted cancels projects due to ship shortage, and more

Image courtesy: Sembcorp

Danish wind developer Orsted has cancelled two offshore projects off the coast of New Jersey, but that had less to do with margin squeeze and more to do with supply side bottleneck...

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Daily Shorts: Portugal readies offshore wind auction, Thailand crops EV subsidy, and more

Thailand has approved a new subsidy package for the country's booming electric vehicle industry, but decreased individual subsidy amount by 33 percent, citing strong momentum in th...

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Daily Shorts: Toyota boosts EV battery investment by $8 bn, Indonesia finalizes JETP plan, and more

A crashed Tesla. (Picture for Representational Purpose) Image: US NTHB

Toyota announced plans to invest $8 billion in the company's electric vehicle battery manufacturing plant in North Carolina, USA, taking total investment in the project to around $...

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Daily Shorts: Lexus EV with 1,000 km range, Japan and Denmark tie up on offshore wind, and more

Toyota today unveiled a Lexus concept car with almost twice the driving range of conventional EVs. The LF-ZC concept car, based on advanced battery technology that Toyota has been ...

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Daily Shorts: UK gets a £10 bn clean energy investor, Banga wants harmful subsidies slashed, and more

Image: Empire Wind

Japan's Marubeni Corp signed a memorandum of understanding (MoU) with the UK government to invest 10 billion pounds ($12.3 billion) in clean energy projects over the next decade. T...

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Daily Shorts: US offers $12 bn to retool car plants for EVs, Tesla reverses China price war

Equinor and BP want to increase the price of power from three planned offshore wind farms by 54 percent, and have cited "rampant inflation, global supply chain disruptions, soaring interest rates…” among the reasons for their application. Image: Empire Wind

The US government is offering auto companies and component suppliers $12 billion in grants and loans so they can retrofit their plants to produce electric vehicles. US Energy Secre...

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Daily Shorts: Japanese scale up hydrogen play, US auctions wind sites in Gulf of Mexico

A Japanese-American group plans to produce e-methane in the US, which will be liquefied at the Cameron LNG terminal and exported to Japan from 2030. Image: Pexels

Japanese companies are scaling up their hydrogen act. Mitsui & Co, Mitsui Chemicals, IHI Corp and Kansai Electric said they will jointly study a hydrogen and ammonia supply cha...

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Daily Shorts: US okays 704 MW offshore wind farm, APA buys $1.1 bn Australian assets

Image: Revolution-wind.com

The US has greenlighted a 704 MW wind farm consisting of 65 wind turbines and two offshore sub-stations off the coast of Rhode Island, as part of plans to install 30 GW of offshore...

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Daily Shorts: Maxeon Solar heads to US, Algonquin puts renewables biz on the block

Algonquin has 2.7 GW of wind and solar assets. Image: Pexels

Canadian power company Algonquin Power & Utilities announced it will put its renewables energy unit on the block and transition into a utility company. The company has wind and...

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Octopus Energy outlines $20 bn spend for 12 GW offshore wind capacity by 2030

Octopus says the power generated will power 10 million homes. Image: Octopus Energy

Octopus Energy Generation, the power generation arm of UK-based Octopus Energy Group, said it plans to invest $20 billion in offshore wind assets by 2030. The company, which manage...

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SK ecoplant invests in green hydrogen project in Canada: Project Nujio'qonik

SK ecoplant, the energy and environment arm of South Korea's second-largest conglomerate, SK Group, has signed an investment agreement with World Energy GH2 to harness wind energy ...

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Europe can produce 300 TWh of Green Hydrogen from offshore wind by 2050: DNV

A latest DNV study finds that offshore hydrogen production is paramount to meet the substantial increase expected in European hydrogen demand, as hydrogen is due to play a signific...

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Petrofac and Hitachi Energy to collaborate in the growing offshore wind market

Petrofac and Hitachi Energy have entered into a collaboration to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market. T...

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