AIM and TSX-listed Atalaya Mining has joined forces with utility Endesa X to build Spain’s first solar power plant connected to a mining operation. The 50MW facility will be located in the Southwestern municipality of Minas de Riotinto, where Atalaya’s local subsidiary manages the historic Riotinto...
Up to 95% of the UK’s electricity could come from low carbon sources by 2030 under a new national energy strategy which aims to boost its energy independence and tackle sky high consumer prices. In the strategy announced today, the UK Government pledges to accelerate investments...
Solar and wind power can grow enough to limit global warming to 1.5 degrees Celsius if the 10-year average compound growth rate of 20% can be maintained to 2030, according to independent climate think tank Ember. New data compiled in a report released by Ember today...
Mining and clean energy tycoon Andrew Forrest and Atlassian co-founder Mike Cannon-Brookes have unlocked around US$152 million in further funds for an undersea cable project that will allow Australia to export solar power to Singapore. Sun Cable completed the capital raising with existing shareholders to accelerate...
Australian iron ore magnate Andrew Forrest will invest US$2.2 billion in a wind, solar and battery farm development in central Queensland, via his renewables company Squadron Energy. Forrest yesterday announced that Squadron has acquired the two-stage Clarke Creek project, with contracts already issued for the immediate...
Industrial conglomerate Siemens has announced a joint venture with Saudi Arabia's Desert Technologies, in a bid to develop and invest in solar energy and smart infrastructure projects across the Middle East, Africa and Asia. The Dubai-based platform - named Capton Energy - aims to build a...
Australia’s biggest coal-fired power plant is set to close seven years early as surging investment in renewable energy continue to drive down prices and weaken coal plant economics. Origin Energy could shutter the Eraring facility, located in a coal mining region North of Sydney, as soon...
Fortescue Future Industries (FFI) will spend US$1.8 million to acquire a 20% stake in Sparc Hydrogen – a technology firm which aims to one day produce green hydrogen from only sunlight and water. The technology arm of Fortescue Metals Group is ploughing significant investment into green...
A recent report by BloombergNEF has found that global investment in the energy transition totalled a record US$755 billion in 2021, off the back of rising climate ambitions and policy action from countries around the world. Investments rose in almost every sector covered in the report, including:...
Saudi Arabia's ACWA Power and Azerbaijan's Ministry of Energy have broken ground at a US$300 million wind power plant located 45 km Northwest of the central Asian nation’s capital, Baku. The 240MW facility will contribute to Azerbaijan’s target of generating 30% of its energy through renewables...