Renewable Energy

Source: Reuters

Britain’s pension fund USS invests 225 million euros in Spanish renewables

Reuters


MADRID  – British private pension fund Universities Superannuation Scheme (USS) said on Monday it has invested 225 million euros ($273 million) to take a 50% stake in Bruc Energy, which develops renewable energy projects in Spain and Portugal.

The …

Source: Reuters

Renewables evolution or revolution? Pace of tech investments will decide

Reuters


Global investment in energy transition technologies needs to more than double over the next few decades to significantly reduce the cost of renewables, which are set to provide around 60% of the world’s energy needs by 2050, industry officials …

Big Oil won’t become major investors in renewable technology even as investment soars, IEA analyst says

Big Oil won’t become major investors in renewable technology even as investment soars, IEA analyst says

CNBC


Oil companies will increase their investment in renewables over the coming years but won’t become major investors in the technology that underpins the sector, according to a lead author of the International Energy Agency’s Renewable Energy Market Update.

Speaking …

Source: Reuters

Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns

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The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy …

Source: Reuters

Italy’s Eni to shed retail-renewable energy stake

Reuters


MILAN- Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.

Several European energy companies, including …

Source: Reuters

BP applies to set up U.S. retail power business: filing

Reuters


LONDON/WASHINGTON – BP has applied to supply U.S. residential customers with electricity generated from wind, solar and natural gas, betting on a rapid growth in power demand as economies shift away from fossil fuels to battle climate change.

BP …

Source: CNBC

Offshore wind firm to work with researchers on recycling glass fibers to tackle blade waste

CNBC


A collaboration between academia and industry is to focus on the recycling of glass fiber products, in a move that could eventually help to reduce the waste produced by wind turbine blades.

In an announcement on Thursday, the University …

Source: Reuters

U.S., other countries deepen climate goals at Earth Day summit

Reuters


WASHINGTON – The United States and two other countries hiked their targets for slashing greenhouse gas emissions at a global climate summit hosted by President Joe Biden, an event meant to resurrect U.S. leadership in the fight against global …

Source: CNBC

The new U.S. plan to rival China and end cornering of market in rare earth metals

CNBC


The United States has made previous attempts to reemerge as a dominant player in a rare earths supply chain that is responsible for some of the most important materials involved in electric vehicle production, battery making, renewable energy systems

Source: CNBC

A ‘quantum leap’: Monster wind turbines are going to get even bigger

CNBC


LONDON — If there’s one word that can be associated with wind energy, it’s “big.” From billion-dollar deals to vast wind farms capable of powering a million homes, the industry has undergone a massive expansion in the last …

Source: CNBC

JPMorgan pledges $2.5 trillion over the next decade toward climate change

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JPMorgan Chase said Thursday it will commit more than $2.5 trillion over the next decade toward long-term solutions that tackle climate action and contribute to sustainable development.

Within the initiative, $1 trillion is earmarked for green projects, including renewable …

Source: Reuters

BHP completes its first refuelling of a ship with biofuel

Reuters


SINGAPORE -BHP Group Ltd said on Thursday it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions.

It was also the first time …

Source: CNBC

What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

CNBC


LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.”

Source: Reuters

U.S. renewable fuels market could face feedstock deficit

Reuters


NEW YORK  – Demand for feedstocks from renewable fuel producers is expected to surge in the United States in coming years as companies scramble to expand output.

Energy from material that comes from plants and animals, or biomass, currently …

Source: Reuters

Banking on the Biden boom: Siemens Energy pins hopes on U.S.

Reuters


FRANKFURT – German engineering group Siemens Energy wants its slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market.

“We …

Source: Reuters

Sempra Energy to sell 20% stake in unit to KKR for $3.37 billion

Reuters


Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash.

The sale was flagged by Sempra in December …

Source: Reuters

Biden admin aims for U.S. leadership in offshore wind: official

Reuters


The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday.

President Joe Biden’s cabinet earlier this week unveiled …

Source: Reuters

Biden proposal: $174 billion for EVs, new funds for renewable power

Reuters


WASHINGTON – President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate …

Source Reuters

Biden targets big offshore wind energy expansion to fight climate change

Reuters


The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation’s offshore wind energy capacity in the coming decade by opening new areas to development, speeding environmental permitting, and …

Source: Reuters

U.S. pledges to slash solar energy costs by 60% in a decade

Reuters


The Biden administration on Thursday set a goal to cut the cost of solar energy by 60% over the next decade as part of an ambitious plan to decarbonize the United States’ power sector by 2035.

The U.S. Department …

Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …

Source: Reuters

BP plans to build Britain’s largest hydrogen plant

Reuters


LONDON – Energy group BP aims to build Britain’s largest hydrogen plant by 2030, it said on Thursday, as part of the country’s push to boost use of the fuel and cut greenhouse gas emissions.

The Teesside plant in …

Source: Reuters

Schlumberger unit to launch Nevada lithium plant as EV demand rises

Reuters


Oilfield services firm Schlumberger’s New Energy division said on Thursday it would launch a lithium extraction plant in Nevada to cash in on the surging demand for the battery metal from electric vehicle makers and technology companies.

The division …

Source: Reuters

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Reuters


LONDON – Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study …

Source: CNBC

German steel powerhouse turns to ‘green’ hydrogen produced using huge wind turbines

CNBC


A major green hydrogen facility in Germany has started operations, with those behind the project hoping it will help to decarbonize the energy-intensive steel industry in the years ahead.

The “WindH2” project involves German steel giant SalzgitterE.ON

Source: Reuters

Exclusive: BP bets on energy trading to fund strategy shift after bumper year

Reuters


LONDON – BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by …

Source: Reuters

Global wind turbine commissioning jumps by record 59%: research

Reuters


LONDON – The commissioning of new wind turbines globally surged by a record 59% to more than 96 gigawatts (GW) of capacity last year despite the COVID-19 pandemic, research by BloombergNEF showed on Wednesday.

Developers commissioned 96.3 GW of …

Source: Reuters

Column: Battery metals buzz is back as Europe reboots EV sector

Reuters


LONDON  – The battery metals are back.

 

Both lithium and cobalt markets spent the last two years absorbing the glut of supply that followed the price boom of 2017-2018. Low prices and turgid trading conditions caused producers collectively …

Source: Reuters

Exclusive: Eni could list minority stake in new retail-renewable business – source

Reuters


LONDON/MILAN – Energy group Eni is looking to spin off its new retail and renewable energy business next year and could list a minority stake to raise money to bankroll the company’s energy transition, an industry source close to …

Source: Reuters

Schlumberger New Energy, Chevron, and Microsoft collaborate on carbon negative Bioenergy

Clean Energy Systems technology to remove the equivalent of CO 2 emissions from…