Renewables and Efficiency

Abu Dhabi Future Energy Company – Masdar – and Germany’s RWE Renewables, two of the world’s leading renewable energy companies, announced today they have signed a Memorandum of Understanding (MoU) to explore collaboration on developing offshore wind projects in a range of key markets. Under the terms of the MoU, …

Strong activity in China pushed global wind turbine order intake to 43 gigawatts in quarter two of 2022, according to new analysis from Wood Mackenzie. The high number of orders marks a new record, and up 36 percent from year-ago levels. This equates to an estimated $18.1 billion. According to …

As the world rapidly invests in renewables, in a bid to transition away from fossil fuels to a greener future, companies and governments are not just funding projects at home but also abroad. Several companies around the globe have highlighted India as a key market for their renewable energy investment, …

German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter. Speaking at the start of a two-day government retreat, …

Uzbekistan’s president has returned from a trip to Saudi Arabia with $14 billion in promised investments, his office says. Of that, $12 billion is earmarked to address chronic energy shortages. The agreements include a pledge for Saudi firm ACWA Power to build a 1.5 GW wind farm in Karakalpakstan. Uzbekistan’s …

Two solar power projects were reportedly given to Chinese corporations by Iraq. This is in accordance with a contract deal between Iraq and China that was reached in 2019 led by former Iraqi Prime Minister Adel Abdul Mahdi. Both solar installations are in the Al-Muthanna Governorate, which borders Saudi Arabia …

Shares of solar and alternative energy providers have received a much-needed shot in the arm after news emerged that China is considering a $220B stimulus package to shore up its sluggish economy. Solar-related names posted big gains on Tuesday, led by Chinese solar product manufacturers Daqo New Energy (NYSE: DQ) …

Countries need to expand manufacturing of solar panels from their current concentrated base in China to ensure secure supply and meet targets for cutting planet-warming carbon emissions, the International Energy Agency said on Thursday. The world needs to double its current capacity to produce the “key building blocks” of solar …

Royal Dutch Shell will build the largest renewable energy plant in Europe, as its subsidiaries Shell Nederland B.V. and Shell Overseas Investments B.V. have made a final investment decision on the project, Trend reports with reference to the company. Reportedly, Holland Hydrogen will be operational in 2025. “The 200MW electrolyser …

Boom in solar panel demand is clouded by supply chain disruption, a fragmented industry as well as ethical issues, reports EURACTIV’s media partner, The Guardian. “It’s hot,” says Steve Springett, a director of the renewable energy brand Egg, cheerily assessing the solar market. “There’s two key factors: people are understanding …