French energy major Total has announced a 50:50 joint venture (JV) with 174 Power Global – a wholly-owned affiliate of South Korean conglomerate Hanwha Group - to develop 1.6GW of solar and energy storage projects in the US. The JV pipeline consists of 10 solar and...
Fortescue Metals Group (FMG) will supply iron ore and green hydrogen to South Korean steelmaking company Posco after the two agreed to a circular partnership centred on clean energy opportunities. As part of a four-month global tour, FMG chairman Andrew ‘Twiggy’ Forrest met Posco’s CEO Jeong-Woo...
Global carbon emissions fell by 7% last year as the COVID-19 crisis dented demand for all energy sources except renewables, the International Energy Agency (IEA) has found. The intergovernmental organisation’s executive director Fatih Birol said that renewables were the only segment of the energy sector showing...
Newcrest Mining has entered into a 15-year renewable Power Purchase Agreement (PPA) with Tilt Renewables for future energy supply to its Cadia gold mine in New South Wales, Australia. The PPA, along with an expected decarbonisation of electricity generation in NSW, will deliver an approximate 20%...
Amazon has announced the acquisition of 3.4GW of renewable energy projects, in a move that will take it past rival tech giant Google as the world’s largest corporate purchaser of clean energy. Jeff Bezo’s online retail giant said the deals for 26 solar and wind projects...
The UK Government will hold an auction for up to 12GW of new renewable energy projects, as the country looks to accelerate its ‘green industrial revolution’ plans. The Contracts for Difference Round Four (CfD4) auction will open late next year and will more than double the...
The UK Prime Minister Boris Johnson has revealed details of a 10-point plan to spur on a ‘green industrial revolution’ that will mark the beginning of the country's path to net zero emissions by 2050. The £12 billion blueprint reiterates the government’s former pledge of developing...
Australia-based mining giant Fortescue Metals Group (FMG) has announced that it will focus on growing the renewable energy segment of its business to rival fossil fuel companies and eventually reach its net zero emissions target by 2040. At its recent AGM, Fortescue founder and chairman Andrew...
Renewable energy capacity around the world will grow to record levels this year, while fossil fuel capacity will fall due to an economic slump caused by the COVID-19 crisis, the International Energy Agency (IEA) has found in a report. In its annual renewables outlook, the IEA...
Downing Renewables and Infrastructure Trust (DORE) will today announce a £200 million capital raise through the London Stock Exchange, as part of its quest to develop a portfolio of renewable energy assets in the UK, Ireland and Northern Europe. The fund has already secured £30 million...