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bp, ADNOC and Masdar Partner for Green Solutions for UK & UAE

bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy, creating potentially thousands of energy jobs, said a joint statement last week. The first agreement would see the companies collaborate to initially develop 2GW of low carbon hydrogen across hubs […]

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Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean

Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […]

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Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland

Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […]

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India and US Agree on Further Climate Agreements

Union Power Minister R. K. Singh met a delegation led by Mr. John Kerry, U.S. Special Presidential Envoy for Climate, today to discuss further collaboration on climate change issues to pave the way for the impending energy transition. Mr. Alok Kumar, Secretary Ministry of Power, and other senior officials from the ministry were also present. […]

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GE’s Offshore Wind Blade Plant in UK Receives Approval

GE Renewable Energy has received the planning approval for its Teesside offshore wind blade manufacturing plant from the Local Planning Authorities. The plant construction should begin later in 2021 upon the finalization of all contractual documents, said the company. LM Wind Power will operate the facility which will be dedicated to the production of its […]

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Irish Sovereign Fund to Invest €1bn in Climate Projects Over 5 Years

The Ireland Strategic Investment Fund (ISIF), managed by the National Treasury Management Agency (NTMA), has set out plans to invest €1bn in climate action projects over the next 5 years. The country’s sovereign fund will support green projects comprising renewables and battery storage till 2026. ISIF made the announcement alongside the publication of its half-year […]

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CRH Study Makes The Case For India To Drop 27 GW of Planned Coal Fired Generation

Yet another study, this time by Ember and Climate Research Horizons (CRH) has laid down a stark warning for India’s thermal power plans. The report released by the organisation states that based on analysis by Climate Research Horizons (CRH), 27 GW of pre-permit and permitted new coal power plant proposals are now “superfluous to requirements […]

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Over 70% Indian Households Use LPG as Primary Cooking Fuel: CEEW

More than 70 per cent of Indian households use LPG as their primary cooking fuel and 85 per cent have LPG connections, according to a new study released by the Council on Energy, Environment and Water (CEEW). However, add the report, as many as 54 per cent households continue to use traditional solid fuels, either exclusively or by […]

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Climate Tech Startups Raised $16b Across 250 Venture Deals, finds Study

Climate is heating up, more traditional investors are participating, and there are more cross-sector opportunities than ever before, reports Climate Tech VC (CTVC), a weekly newsletter about climate and innovation, which has recently reviewed the investments made in climate technologies in the first half of 2021. The study finds that in the first half of 2021, […]

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