The UK’s Prime Minister Boris Johnson has told members of his Conservative party that the UK will have a clean electricity generation system by 2035. At the ruling political party’s annual conference in Manchester, Johnson said the country can deliver the goal based on its progress...
Chevron has committed to spend US$10 billion - more than three times the amount previously committed – on renewable energy operations over the next seven years, in a bid to cut its carbon emissions. The latest pledge, which amounts to less than a 10th of Chevron’s...
South African state-owned utility Eskom has announced a pilot programme which will allow companies connected to its grid to use electricity produced exclusively from renewable sources. The two-year programme comes after Eskom unveiled plans to invest US$7.2 billion in renewable energy over the next nine years,...
China’s MingYang Smart Energy Group has hoisted itself into the upper echelons of the offshore wind industry by unveiling a 16MW hybrid-drive offshore wind turbine with a 242 metre rotor. The MySE 16.0-242 will become the world’s largest offshore wind turbine when it enters commercial production...
A study by energy tariff comparison platform Utility Bidder has found that Norway is the country with the highest share of renewable power in its total energy mix. The Nordic nation derives 56% of its total energy supply from renewable sources, with a huge 45% coming...
BP and Germany's EnBW have submitted a joint bid for the opportunity to build about 2.9GW of wind power capacity off the coast of Scotland. The London-based oil and gas giant said the bid with EnBW represents a potential £10 billion investment into Scottish offshore wind projects,...
An international consortium comprised of developers from Hong Kong and Australia has unveiled plans to use 50GW of wind and solar PV capacity in Western Australia to produce green hydrogen and green ammonia. The Western Green Energy Hub would be built across 15,000 km2 of land optimal...
In a bid to become a net zero carbon company by 2035, Indian multinational conglomerate Reliance Industries will invest US$10.1 billion in clean energy over the next three years. Reliance, which gets 60% of its revenue from oil refining and petrochemicals, will spend 600 billion rupees...
Spanish conglomerate Acciona is seeking to achieve a valuation of up to €9.8 billion for its renewable energy arm in an initial public offering (IPO) that is set to go ahead, despite a sell-off in green stocks since the start of the year. Acciona yesterday priced...
Ørsted has revealed a new goal to reach an installed renewable energy capacity of 50GW by 2030, as the Danish energy giant seeks to become the world’s leading clean energy player by the end of the decade. Approximately €47 billion will be set aside between 2020...