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BP considers selling minority stake in offshore wind division

Global, News

BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial burden in the growing offshore…

Power Sector News Roundup for October 17, 2024

Power Bytes

Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

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VNG AG partners to explore green hydrogen production in Algeria

Global, News

VNG AG has signed a letter of intent with Algerian energy firms Sonatrach and Sonelgaz, along with SNAM, SeaCorridor, and VERBUND, to jointly assess the feasibility of large-scale green hydrogen production in Algeria. The project aims to export green hydrogen from North Africa via the proposed “South H2 Corridor” to Italy, Austria, and Germany. The agreement sets the framework for future cooperation, including the preparation of essential studies to evaluate the technical and economic viability…

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Fugro to site investigate Rhein-Main-Link offshore wind cable project

Global, News

Fugro has been awarded a contract by the ARGE R-M-L consortium, comprising Arcadis and ILF Consulting Engineers, to conduct site investigations for the 600km Rhein-Main-Link underground cable project.  This project will connect offshore wind farms in the North Sea to the Rhein-Main area in Germany.  Fugro will provide consultancy services, including project management, route planning, environmental permitting, and geotechnical evaluation, ensuring optimal wire performance and minimal environmental impact. Fugro’s services will cover two of the…

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Hidden crystal structures unlocked: New avenues for thermoelectrics and solar thermal conversion

India, News

A research team at Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bangalore, led by Prof. Kanishka Biswas, has made a groundbreaking discovery where the local crystal structure symmetry decreases with rising temperatures, defying the typical trend of increasing symmetry with heat. This rare phenomenon was observed in the all-inorganic two-dimensional halide perovskite, Cs2PbI2Cl2. The research highlights the significance of local symmetry breaking, termed “emphanisis,” where local atomic distortions increase upon heating, while the global…

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Energy Justice and the Renewable Transition: Addressing Inequities in Carbon-Intensive Regions

Analysis, Opinions and Perspective

The global shift towards renewable energy is crucial in mitigating climate change, reducing greenhouse gas emissions, and ensuring a sustainable future. Yet, this transition is far from equitable. For carbon-intensive regions, where economies and livelihoods are tightly linked to fossil fuels, the renewable energy transition presents significant challenges. These regions face the risk of economic destabilization, job loss, and social upheaval. In this context, the concept of energy justice has emerged as a critical framework…

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E.ON Hydrogen appoints ANDRITZ for green hydrogen electrolyzer plant study in Essen

Global, News

E.ON Hydrogen has selected ANDRITZ to conduct an engineering study for a 20 MW green hydrogen electrolyzer plant in Essen, Germany. This marks ANDRITZ’s second green hydrogen project in Germany within a year. The plant is expected to produce 2,300 tonnes of green hydrogen annually, which will be used by local transportation companies and industries in the Essen Harbour area. The contract includes feasibility and safety studies for hydrogen production, compression, storage, and trailer loading…

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RWE, TotalEnergies partner for 4 GW offshore wind projects off German coast

Global, News

RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the coast of Germany. TotalEnergies will acquire a 50% equity stake in both projects, marking a significant collaboration in renewable energy. The projects, identified as N-9.1 and N-9.2, are located between 110km and 115km northwest of Borkum Island. Each site has a potential capacity of 2GW. Investment decisions are expected in 2027 for N-9.1 and 2028 for…

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EU approves additional tariffs on Chinese electric cars amid trade war concerns

Global, News

EU countries have approved additional tariffs of up to 35.3% on Chinese-made electric cars, despite opposition from Germany and concerns about triggering a trade war with Beijing. The European Commission found that China’s state subsidies to its auto manufacturers were unfair, leading to the imposition of these tariffs, which will take effect for five years starting in late October. The decision saw 10 member states, including France and Italy, supporting the tariffs, while Germany, Hungary,…

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Cabinet approves India’s entry into elite global energy efficiency hub

India, News

The Union Cabinet has approved India’s participation in the International Energy Efficiency Hub, a global platform aimed at promoting energy efficiency through collaboration.   The Energy Efficiency Hub, established in 2020 as a successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), brings together governments, international organizations, and private sector entities to share expertise and best practices. Sixteen countries, including the US, UK, China, and Germany, have already joined the Hub. India’s Bureau of Energy…