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1400 GW of Offshore Wind Achievable by 2050 With Increased Govt Commitment: OREAC

OREAC is calling on governments to ramp up their offshore ambition to achieve the coalition’s vision of 1400 GW of offshore wind by 2050 The Ocean Renewable Energy Action Coalition (OREAC) is calling on governments to ramp up their offshore renewable energy ambition to achieve the coalition’s vision of 1400 GW of offshore wind by […]

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Ørsted Divests 25% of 1.1 GW Ocean Wind Offshore Project

Ørsted has entered into an agreement to sell a 25% ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s PSEG. Ørsted has entered into an agreement to sell a 25 percent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). […]

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COVID-19 Further Slowed Down Global Progress on Energy Efficiency: IEA

A new IEA report has stated that the already sluggish pace of global progress on energy efficiency is set to slow further as a result of the economic impacts of the COVID-19 crisis. A new report by the International Energy Agency (IEA) has stated that the already sluggish pace of global progress on energy efficiency […]

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Senvion Enters Agreement to Sell 100% of its Indian Operations

Senvion GmbH has entered into contractual agreements for the sale of 100 percent of its Indian operations i.e. Senvion India Senvion GmbH has announced that it has entered into contractual agreements for the sale of 100 percent of its Indian operations i.e. Senvion India on December 1, 2020. Senvion had previously ring-fenced the Senvion India […]

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Vietnam’s Position as Leading Wind Market in Southeast Asia is Under Threat: GWEC 

The Global Wind Energy Council (GWEC) appreciates the recent decision by the Vietnamese government to approve an extension of the Feed-in Tariff (FIT) scheme for wind power in the country. However, the proposed reduction to the FIT risks damaging the growth of Vietnam’s promising wind power sector by slowing down investment, the creation of new […]

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Urgent Action Needed for the Energy Transition in Heating and Cooling

Heating and cooling based on renewable energy has emerged as an urgent priority for countries striving to meet climate goals and build resilient, sustainable economies. The transition to cleaner, more sustainable heating and cooling solutions can attract investment, create millions of new jobs and help to drive a durable economic recovery in the wake of […]

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IRENA and Ocean Energy Europe Partner to Drive Ocean Energy Industry

New IRENA reports forecast a 20-fold growth potential of ocean energy by 2030, providing coastal communities with a climate-safe roadmap for COVID-19 recovery The CEO of Ocean Energy Europe (OEE), Rémi Gruet and the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, signed a Memorandum of Understanding (MoU) today at the annual Ocean Energy Europe […]

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Equinor and SSE Reach Financial Close on World’s Biggest Offshore Wind Farm

Dogger Bank wind farm owners, Equinor and SSE, have announced financial close on the first two phases of the project, representing in aggregate the largest offshore wind project financing to date globally. “Reaching financial close on the two first phases of Dogger Bank is a major milestone, demonstrating our commitment to profitable growth within offshore […]

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IRENA and Pacific Community Announce Joint Efforts to Boost Recovery

Two organisations will work closely to enhance policy, support project development, and attract investments to the Pacific The International Renewable Energy Agency (IRENA) and the Pacific Community (SPC) will work together to support Pacific island countries transition their energy systems to renewable energy sources as part of a drive support the post-pandemic recovery. With around 64 per […]

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