News
RE Energy
March 02, 2023
China approves record number of new coal-fired power plant in 2022
China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.
March 02, 2023Gas shortage is unlikely to hit Germany next winter, research suggests
Germany is not likely to encounter a gas crisis this winter and should postpone the conversion of floating liquefied natural gas (LNG) terminals to fixed ones, a report by the DIW economic institute said.
March 01, 2023Germany scales up energy transition to strengthen renewables industry
Germany has identified three core measures including financial support to boost energy transition technologies as well as increased green power generation and transmission to regain its position, Economics Minister Robert Habeck said on Tuesday.
February 23, 2023Australia must accelerate renewables deployment to avoid power shortage
Blackouts could hit eastern Australia by the middle of this decade if renewable energy projects are not scaled up as the country rapidly shifts away from its reliance on coal-fired power plants, the energy market operator said on Tuesday.
February 21, 2023Amazon funds $1.6 million for carbon-sequestering seaweed farm
Amazon.com has awarded 1.5 million euros ($1.6 million) to a Dutch project testing the feasibility of commercially producing seaweed in between turbines of offshore wind farms, the company and organisers said.
February 20, 2023Vietnam to postpone rules for offshore wind development
A European Union business representative said that Vietnam may not have a legal framework to regulate offshore wind farms until next year, potentially deferring billions of dollars in foreign investment in the sector.
February 18, 2023Australian solar firm Vast merges with Nabors SPAC
Australian renewable energy firm Vast Solar has agreed to merge with a special purpose acquisition company (SPAC) backed by Nabors Industries (NBR.N) in a transaction valued at $586 million.
February 18, 2023Skills shortage crisis threatens EU renewables targets
The European Union's ambition to rapidly expand solar and wind power relies on a big increase in the solar and wind workforce during a difficult hiring season.
February 15, 2023Philippines' Citicore IPO to fund $4 bn investment in renewables
Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.
February 14, 2023Canada greenlights North America’s first green hydrogen production facility
Canadian start-up EverWind Fuels has secured the first environmental approval for the first phase of its commercial-scale green hydrogen and green ammonia plant in North America.