Renewables and Efficiency

Abu Dhabi Future Energy Company PJSC, better known as Masdar, on Friday unveiled a contract to buy a 49% stake in the 3-GW Dogger Bank South offshore wind farm in the UK, along with other deals for renewable energy initiatives in the Kyrgyz Republic, Kazakhstan and Indonesia. The UAE state-owned …

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday. The European Union first appealed for the new target earlier this year, and the cause has since been …

Europe has intensified efforts this year to protect its clean energy manufacturing industries and reduce dependence on China for its renewable energy rollout. Several proposed EU acts are aimed at boosting Europe’s competitiveness in the global clean energy supply chain and minimize risks to energy infrastructure security. Europe’s wind industry, …

Indonesia, a country that continues to be heavily dependent on coal, has just announced a major investment in a renewable energy plan, marking an important shift. The funding comes from global lenders and is expected to spur greater investment in Indonesia’s renewable energy sector, as well as support decarbonisation. However, …

Empire Offshore Wind, a joint venture between Equinor and BP, has secured approval for its offshore wind farm project on the US East Coast. The project is the sixth commercial-scale wind farm to be given a go-ahead under President Joe Biden’s administration. Equinor and BP plan to build two offshore …

A Chinese firm has announced it will build a renewable energy project with more generating capacity than New Zealand in a vast inland desert province. China Energy Investment Corp. and its listed unit, China Longyuan Power Group Corp., are forming a joint venture to build the Badain Jaran in Gansu …

Global energy companies operating in the UAE are optimistic that a consensus can be reached around the Cop28 pledge of tripling renewable energy capacity and doubling energy efficiency by 2030. The US, EU and UAE are rallying other governments to join a global deal on renewables at the UN climate …

China’s leading wind developer, Longyuan, and turbine-maker Shanghai Electric have launched what they claim is the world’s first integrated floating wind, solar and fish farming system. The facility is located off Nanri Island in Fujian Province. In 2021, the parties announced they would build the world’s first aquaculture farm integrated …

It’s not just Orsted that just realized the Green revolution is really deep red when it comes to shareholder value. Speaking at the FT Energy Transition summit on Wednesday, a clean energy executive at supermajor BP said that the U.S. offshore wind industry is “fundamentally broken” and needs a reset. …

The United States, the European Union, and the United Arab Emirates are looking to drum up new recruits in the form of other governments to sign onto a global deal that seeks to triple renewable energy investment, according to new documents seen by Reuters. The COP28 climate summit hosts are …