Renewables and Efficiency

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 …

A majority of Danish MPs has agreed on measures to massively boost renewables production by 2030, while also phasing out natural gas for residential heating by 2035, the government said over the weekend. The deal would pave the way for a five-fold increase in offshore wind capacity to 12.9 GW …

Saudi Aramco’s plan to invest in 12,000MW of renewable energy by 2030 entails investing in the kingdom’s national renewable energy programme as well as through affiliate investments in renewables and purchase of renewable energy certificates. “Those will likely primarily come in the form of investments in Public Investment Fund’s (PIF’s) …

For US President Joe Biden, it’s a Hobson’s choice on Chinese solar panel imports. His new move to pause tariffs on imported Chinese-made silicone solar panels for two years has been either hailed or criticized. The announcement came in the middle of an ongoing investigation by the US Commerce Department. …

The 1,500MW solar steam facility, to be developed at MA’ADEN’s Alumina refinery, aims to help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually. This represents more than a 50 per cent carbon footprint reduction in MA’ADEN’s Alumina refinery and four per cent of MA’ADEN’s overall …