Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without support from Congress.
Mexico’s president has pledged to change power dispatch rules, shunting privately owned renewables down the pecking order, in the latest twist of an ongoing spat between his regime and the clean energy sector.
Portugal has chosen a total of 37 prospective green hydrogen projects, representing a total investment of around €9 billion (US$10.5 billion) to progress to the next stage of its selection process.
Iberdrola has hit the accelerator on its renewables investments in H1 in spite of the pandemic, as the multinational utility looks to move forward with a project pipeline that now exceeds 58GW.
Production of green hydrogen using renewable power for electrolysis could be cost competitive with incumbent methods by 2030, analysis by research firm IHS Markit has concluded.
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
A joint venture project has been launched to develop what intends to be the world’s largest green hydrogen project, using up to 4GW of solar and other renewables as its power source.
Energy giant BP has signed a memorandum of understanding (MoU) with JinkoSolar’s development and operations arm JinkoPower Technology to target China’s sizeable C&I power market.
