Egypt reiterates its 42% renewable energy target for 2030 but calls on international assistance
The Egyptian government still aims to have renewable energy make up 42% of the mix for electricity generation by 2030. However, this goal is at risk if international support does not increase, said Prime Minister Mostafa Mdbouly on Tuesday, speaking at the COP29 Conference. According to a cabinet report from July, the current share of solar, wind and hydropower in Egypt's power generation is only 11.5%.
EMBARGOED - IEA: IEA's climate goal of triple renewable energy worldwide by 2030 is within reach
The International Energy Agency stated in a Tuesday report that a goal of triple the global renewable energy capacity and reducing fossil fuel consumption by 2030 is achievable. However, it will take a massive push to remove bottlenecks, such as grid connections and permitting. New York Climate Week, where leaders in government and business are gathered to discuss climate change, coincides with the release of this report.
Van Oord to Install Saint-Brieuc Wind Farm Foundations
Dutch offshore contractor Van Oord has won a contract for installation and transportation of components for the offshore wind farm development in the Bay of Saint-Brieuc, France.Under the contract awarded by the wind farm developer Ailes Marines - fully owned by Spain's Iberdrola - Van Oord will transport and install the 62 jacket foundations - steel…
Project INNTERESTING Aims to Accelerate Wind Technology
The European project INNTERESTING aims to accelerate wind energy technology development and to extend the lifetime of wind turbine components.Coordinated by the Technological Research Center IKERLAN, Project INNTERESTING, has a budget of $5.2M (€4.75M) and it is financed by the European Union´s H2020 Research and Innovation Program. The full name of the…
Europe Installs 1.9 GW Offshore Wind Capacity in H1
Europe added 1.9 GW of new offshore wind was installed in the first half of 2019, up from the 1.1 GW added in the same period in 2018, according to figures released by WindEurope.The UK (931 MW), Denmark (374 MW), Belgium (370 MW) and Germany (252 MW) accounted for these installations. This includes Hornsea 1 in the UK which, when completed, will be the…
Van Oord, SGRE Win Windpark Fryslân Job
The consortium of Van Oord and Siemens Gamesa Renewable Energy (SGRE) has signed a conditional contract to build the Windpark Fryslân nearshore wind farm in the Netherlands.The large-scale nearshore wind farm is to be built in the Frisian part of the IJsselmeer in the Netherlands to Zuiderzeewind.Signed in Amsterdam, the conditional contract comprises…
Vattenfall Wins Dutch 700 MW Offshore Wind Tender
Swedish utility Vattenfall has won the right to build a 700 megawatt (MW) subsidy-free wind farm in the Dutch part of the North Sea, the Dutch Ministry of Economic Affairs said on Monday. The Netherlands' government is among the first to offer a so-called zero subsidy tender for wind power, in which only bids that required no government support could compete for the two 350 MW slots known as Hollandse Kust I and II.
Saudi Arabia Aims to Exceed Renewable Energy Target
Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy annually, to highlight its long-term commitment to green energy, a senior government official said. "We plan to exceed 9.5 gigawatts," Turki al-Shehri, head of the energy ministry's Renewable Energy Project Development Office (REPDO) told the Sino-Saudi investment forum in Jeddah on Thursday.
Australian first project to Harness Sun, Wind, Batteries
A world-leading project combining solar, wind and battery storage will be built near Hughenden in North Queensland, delivering renewable energy on demand. The Australian Renewable Energy Agency (ARENA) has committed up to $18 million in recoupable grant funding for a Windlab and Eurus Energy joint venture to build the first $120 million phase of Kennedy Energy Park…
New Task Force for California Offshore Renewables
The Bureau of Ocean Energy Management (BOEM) and the State of California held the inaugural meeting of the California Intergovernmental Renewable Energy Task Force today in Sacramento, Calif., to begin planning for future renewable wind and wave energy development opportunities in federal offshore waters along the Golden State. California is the 14th U.S.
COAG Energy Review Must Power Timely, Practical Reform
APPEA welcomes the announcement today by the COAG Energy Council of an independent review of energy security in the national electricity market, led by the Chief Scientist Dr Alan Finkel AO. “Let’s hope Dr Finkel’s review will drag debate away from polarised positions to a fact-based discussion of how Australia can cut emissions from the energy sector without jeopardising reliable…
Oil Nations Looking to Renewable Clean Energy
As the oil price further deteriorates, major oil-producing countries are looking to the future and to sustainability, according to energy market analyst and consultant Douglas-Westwood. Recently, Bloomberg forecast that two-thirds of the $12.2 trillion global investment in capacity-generation to 2040 will be in the renewables sector. A signal simply of economic progression or of an increasing need for diversification in the energy mix.
GE Invests in $348 mln Windfarm after Australian Subsidy Deadlock Ends
General Electric Co said it will help fund a $348 million Australian windfarm, the country's third largest, after political leaders ended a deadlock over state subsidies that had stalled the $13 billion industry for over a year. GE, Swiss private equity firm Partners Group Holding AG, Canadian pension fund OPTrust and UK-based Renewable Energy Systems Ltd said they will fund the 240-megawatt Ararat windfarm…
Norway, Sweden to Raise Renewable Energy Target
Norway and Sweden agreed on Friday to increase a joint 2020 renewable energy target by almost 8 percent under a subsidy scheme which could lead to higher energy prices for consumers. Under the new target, the two Nordic countries aim to raise the amount of electricity they produce in total from renewable energy sources such as wind, hydro or biomass to 28.4 terawatt-hours (TWh) per year by 2020 from 26.4 TWh.
Australian Windfarms Face $13 bln Wipeout
Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. Some 44 Australian windfarm projects, about half overseas-funded, have been shelved since a new conservative government said it wanted to cut state support for the industry a year ago…
Infigen Energy Mulls Shedding U.S. Wind Farms
Australia under pressure to fix renewable energy target deadlock; 45 wind farm projects stalled. Australian wind farm operator Infigen Energy Ltd is exploring the sale of 18 U.S. wind farms, worth about A$500 million ($409 million), so they escape impact from the uncertain future of Australian state rebates for renewable energy firms. Infigen has hired advisers to consider ways of splitting U.S.
Australia Energy Blueprint Sees Large-scale Deregulation
Australia on Tuesday said it wants to dramatically deregulate its energy industry, boost domestic gas supply and cut renewable energy subsidies as it prepares to ramp up exports of liquefied natural gas. In a draft policy blueprint, the conservative coalition government unveiled a range of policy proposals - most involving scaling back government interference…
Neste Oil Seeks to Cash in on EU Renewables Targets, Russia Tensions
Finnish refiner Neste Oil said its biofuel business stands to gain from higher EU renewable energy targets and Europe's attempt to reduce reliance on Russian oil and gas. The company, which has three plants in Porvoo, Finland, Rotterdam and Singapore, is one of the world's top producers of a high-quality biodiesel and has become a bellwether for global demand for renewable fuel.
European Offshore Wind: Financiers Can Invest, But ...
The offshore wind industry needs between EUR90 and EUR123 billion by 2020 to meet its 40 GW target , and equity and debt providers are willing to invest, but they fear regulatory instability considers the the European Wind Energy Association (EWEA). What's blocking the needed investment is the uncertainty caused by changing regulatory frameworks, not least in the two largest markets…
