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COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall

The Institute for Energy Economics and Financial Analysis (IEEFA) has urged global action at the 29th Conference of Parties (COP29), emphasizing a $400 billion annual investment gap to meet renewable energy targets by 2030. Labelling COP29 as the...

Nigeria commits NGN500 billion to revitalise abandoned power projects

The Nigerian government has committed over NGN 500 billion to reactivate more than 100 stalled projects of the Transmission Company of Nigeria (TCN) to enhance the nation’s power supply.  Many of these projects are nearing completion, with some...

STMicroelectronics signs PPA with BKH Solar for Malaysian operations

STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu...

Vårgrønn acquires 27.4% stake in Germany’s Baltic 2 offshore wind farm

Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund.  EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while...

Seaway7 to provide ScottishPower’s East Anglia offshore cables

ScottishPower Renewables has awarded Seaway7 a contract for the transport and installation of inter-array cables for the 960 MW East Anglia TWO offshore wind project, located 33 km off England’s east coast in the North Sea.  The contract...

Ireland releases geophysical data ahead of 900 MW offshore wind auction

The Irish government’s Department of the Environment, Climate and Communications has released crucial geophysical data for the country’s second offshore wind auction, ORESS Tonn Nua, aimed at securing 900 MW of clean energy from a site off...

EDF in talks to source nuclear power for 1 GW data centre projects in France

Électricité de France (EDF) is negotiating with three suppliers to secure power for its planned 1 GW data centre projects in France, with a focus on nuclear energy as a clean power source for tech firms amid the rising energy demands driven by AI. ...

European clean energy stocks fall amid Trump’s victory and policy concerns

European clean energy stocks declined sharply following Donald Trump’s US presidential election victory, triggering investor concerns over potential setbacks in US renewable energy support and climate policy.  Trump has signaled intentions to halt...

RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm

RWE has commenced work on the Thor offshore wind farm project, Denmark’s largest offshore wind initiative to date, establishing key operational and construction bases at the Port of Thorsminde and Thyborøn Port.  The Thor wind farm, located 22...

Ireland’s EirGrid awards contracts for renewables integration technologies

Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources.  These...

Lagos State calls for bids to develop 4 GW gas-fired power plants

The Lagos State Government in Nigeria has invited bids from investors, independent power producers, and energy solution providers to develop up to 4 GW of gas-fired power plants.  This initiative, part of the Clean Lagos Electricity Market plan, aims...

Global energy efficiency improvements lag behind COP28 targets: IEA

One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal.  The IEA’s Energy Efficiency 2024 report shows that global primary...

Cadeler secures turbine installation contract for UK’s EA 2 wind farm

Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK.  The contract value for...

E2E Energy and Novus Earth to develop geothermal project in Canada

E2E Energy Solutions has partnered with Novus Earth to develop Latitude 53 Hinton, a geothermal energy project near Hinton, Alberta, set to begin construction in early 2025.  This two-phase initiative will utilize geothermal energy to support...

SSE acquires developmental rights for 120MW BESS in Ireland’s Midlands

SSE Renewables has acquired development rights from Low Carbon’s Grid Systems Services for a 120MW/240MWh grid-scale battery energy storage system (BESS) project in County Offaly, Ireland.  The Thornsberry BESS project near Tullamore has received...

Oracle Power completes grid study for 1.3GW hybrid power plant in Pakistan

Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan.  Conducted by Power Planners International (PPI) and...

BlueFloat gains major project status for 2.1GW offshore wind in Australia

Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast.  This status provides access to support from the Major Projects...

Eku Energy achieves financial close for Williamsdale BESS in Australia

Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative.  Powered by Tesla...

Philippines DOE approves expanded capacity for Tanay Wind Project

The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW.  This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of...

Singapore’s Punggol Digital District to feature first district-level smart grid

JTC Corporation has appointed Univers and PacificLight Power to develop Singapore’s first district-level smart grid in the Punggol Digital District.  The project aims to enhance energy efficiency and integrate renewable energy sources by...

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