bp has announced submission of bids for two offshore wind leases in the Netherlands that together have the potential for generating capacity of 1.4GW. The bids underpin extensive and transformational plans for a series of further integrated clean energy investments by bp in the Netherlands, applying the breadth of its businesses and experience to support […]

WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41bn in new wind farms in 2021. This is financing 25 GW of new capacity, a record. But the investments are falling well short of the 35 GW a year of new wind the […]

Masdar, the UAE-based developer and operator of utility-scale renewable energy projects, has signed landmark agreements which aim to develop 4GW green hydrogen facilities in Egypt by 2030, according to a statement.  The plants are projected to produce as much as 480,000 tons of green hydrogen per year.  The plants will be located in the Suez Canal […]

Solar energy provider westa.solar is taking on €1.5 million in mezzanine debt to expand its business in Nigeria. The company, which is very active with commercial and industrial (C&I) customers, obtained its loan from the African and Austrian Investment Fund for SMEs (AAIF). As its business grows remarkably, solar energy provider westa.solar is getting a […]

India has committed to reducing emissions intensity by 45% by 2030 and has set a target to achieve net zero by 2070. Achieving this goal means Indian industry, which accounts for almost one-fourth of the country’s total GHG emissions, must transition quickly to cleaner power sources. Natural gas, one of India’s preferred future fuels, is stepping […]

Eni’s renewable energy offshoot company Plenitude, has announced that it is to invest in EnerOcean S.L., the Spanish developer of the W2Power technology for floating wind power. The deal is structured as a long-term partnership focused on the deployment of the W2Power technology as a lead contender for floating wind power developments worldwide. With two […]

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in Saudi Arabia’s $5bn hydrogen-based ammonia […]

A subsidiary of Malaysia’s energy giant Petronas has awarded Abu Dhabi’s National Petroleum Construction Company the FEED contract for an offshore Carbon Capture and Storage project at the Kasawari gas field off Sarawak, Malaysia. This is rated as one of the world’s largest offshore CCS projects. National Petroleum Construction Co. – this is its first project […]

Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting 11 May. The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions. Equinor also proposes to amend […]

China has announced its first medium- to long-term plan to develop its hydrogen industry, including targets of up to 200,000 tons of green hydrogen a year by 2025, the country’s National Development and Reform Commission (NDRC) said in March. The plan was unveiled by China’s NDRC, the top economic regulator, in association with the National […]