Anglo American has sealed a pledge it made two years ago to run 100% of its South American mining assets on renewable energy, after announcing a deal for its Quellaveco copper operation in Peru. The diversified miner has already agreed to source all of its power...
A consortium backed by Saudi Arabia's sovereign wealth Public Investment Fund (PIF) has signed a 25-year power purchase agreement (PPA) for electricity generated from an up to 1.5GW solar farm. The US$905.1 million Sudair project, located in Sudair Industrial City, will be capable of powering 185,000...
New data from the International Renewable Energy Agency (IRENA) has found that over 260GW of new renewable energy capacity was installed around the world last year, despite the economic impacts of COVID-19. IRENA’s 'Renewable Capacity Statistics 2021' report found that new green energy capacity in 2020...
The US government has unveiled a series of measures that will accelerate the development of its US offshore wind industry, including a pledge to deploy 30GW of capacity by the end of the decade. The Biden Administration believes that the 30GW target will put the country...
The US solar power industry added a record 19GW of capacity in 2020, according to latest analysis from Wood Mackenzie and the Solar Energy Industries Association (SEIA). The joint ‘U.S. Solar Market Insight 2020 Year-in-Review’ report found that solar accounted for 43% of new electricity-generating capacity,...
The International Renewable Energy Agency (IRENA) has warned that US$131 trillion will need to be invested in renewable energy by 2050 in order to meet the climate goals set out in the Paris agreement. A new outlook report from the clean energy body found that renewable...
Lightsource BP has signed a power purchase agreement (PPA) with electricity company Snowy Hydro that will see it supply renewable energy to 88 BP service stations across the Australian state of New South Wales (NSW). The clean power will be derived from a 107MW solar farm...
The non-executive chairman of Greencoat Renewables has described the outlook for the Irish clean energy investor as ‘very strong’, after releasing its latest full-year financial results for COVID-impacted 2020. Greencoat shared pre-tax profits of €14 million, down from €18.3 million in 2019, but revenues across the...
A massive €26.3 billion was invested in new European offshore wind farms last year, according to latest data from the regional association WindEurope. The record sum was achieved despite of COVID-19-related constraints throughout the year, and will finance 7.1GW of new offshore wind capacity which will...
Global classification society DNV GL has proclaimed that ‘priorities are shifting’ in the oil and gas industry after a record 66% of senior professionals reported that their organisation is actively adapting to a less carbon-intensive energy mix in 2021. In addition, some 57% of over 1,000...