A court in the Netherlands has suspended a project for natural gas drilling and extraction in the North Sea due to potential environmental damage. The offshore gas project, proposed by Netherlands-based company ONE-Dyas, was approved by the Dutch Ministry of Economic Affairs and Climate in June last year. The Dutch …
Read More »IRENA: Azerbaijan Records Increase in Renewable Energy Capacity
Azerbaijan’s total renewable energy capacity in 2022 amounted to 1,339 MW, Trend reports via the latest publication from the International Renewable Energy Agency (IRENA). According to the report, renewable energy capacity in the country over the last year increased by 1.74 percent year-on-year (1,316 MW in 2021). At the same …
Read More »Britain to Join Forces with EU to Build Energy Islands in North Sea
The UK is reportedly set to join forces with several EU nations to boost renewable energy production in the North Sea, as part of its ongoing efforts to repair relations following Brexit. According to a draft seen by Bloomberg, alongside eight EU nations including Germany and France, the UK will …
Read More »China’s Top Oil Companies to Invest $14.5 Billion in Renewable Energy
China, the world’s largest emitter of greenhouse gases, has committed to net-zero carbon dioxide emissions by 2060. The move is a significant change in direction for the country, which has heavily relied on coal-fired power plants for much of its energy needs. In response, state-owned energy majors have started ramping …
Read More »India Plans to Add 250 GW of Renewable Energy Capacity by 2028
India is looking to boost its renewable energy capacity by 250 gigawatts (GW) over the next five years as part of a plan to have 500 GW of installed clean energy capacity by 2030. The Indian government will invite bids for installation of 50 GW of renewable capacity each financial …
Read More »Emerging Markets Grapple with Rising Solar Panel Costs
With high energy prices and supply chain disruptions creating shortages of key renewable energy components and materials, emerging markets are reassessing how to build out utility-scale solar power to accelerate their energy transitions. After more than a decade of decline, the cost of solar photovoltaic (PV) panels has risen around …
Read More »EU Seeks to Double Renewable Energy Use by 2030
The European Union will aim to double its use of renewable energy by 2030 under a deal announced on Thursday. It addresses the EU’s twin goals of drastically cutting its carbon emissions and replacing the Russian fossil fuels it once relied upon. EU states will have new targets for clean …
Read More »Japan’s TEPCO to Develop 1.9 GW of Offshore Wind Power in Scotland
Tokyo Electric Power Company Holdings (TEPCO) said on Monday that it had won the rights to develop up to 1.9 gigawatts (GW) of floating offshore wind capacity across two projects in Scotland together with Norway-based company Vargronn. Many once-conventional energy and power companies around the globe are switching their attention …
Read More »China Boosts Installed Capacity of Renewables in First 2 Months of 2023
China’s installed renewable energy capacity significantly increased in the first two months of 2023, according to data from the country’s National Energy Administration showed on Tuesday. By the end of February, the installed capacity of wind power of China rose 11% year-on-year to nearly 370 million kilowatts. Meanwhile, the installed …
Read More »Latin America on Track to Become Renewable Energy Giant
Latin America is set to become a global leader in renewable energy development by the end of the decade as a slew of major solar and wind projects come online, according to independent think tank Global Energy Monitor (GEM). But the region must overcome environmental, economic and social obstacles to …
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