Tag: renewables

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Taking Stock 2025: US GHGs unsurprisingly higher

“The first seven months of the second Trump administration and 119th Congress have seen the most abrupt shift in energy and climate policy in recent memory,” says Rhodium Group’s annual independent outlook of the evolution of the US energy system. “After the Biden administration adopted meaningful policies to drive decarbonisation, Congress and the White House are now enacting a policy regime that is openly hostile to wind, solar, and electric vehicles and seeks to promote increased fossil fuel production and use.”

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First wind turbine installed in Poland by Baltic Power

Northland Power, based in Canada, has announced the successful installation of the first turbine at the Baltic Power project which is a 1.1GW offshore wind farm in the Baltic Sea. Baltic Power is a joint venture between Northland and ORLEN Group and is expected to be Poland’s first operating offshore wind farm.

Clean energy projects – on the map in the UK
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Clean energy projects – on the map in the UK

A map showing clean energy projects supported by government has been published by the UK’s Department for Energy Security and Net Zero. It supports the government’s clean energy mission to deliver clean power by 2030 and accelerate progress towards net zero. This map includes projects being supported by the National Wealth Fund and Great British Energy.

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India says it’s leading – not following – the energy transition

Shri Pralhad Joshi, Union Minister, New and Renewable Energy, said that this is not just an energy transition for India; it’s a global reset. Speaking at the inaugural Indian Venture and Alternate Capital Association’s Renewable Energy Summit, he said that India is leading the way and has already surpassed 44% non-fossil fuel capacity, achieving its 2030 target five years ahead of schedule.

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UK to become sustainable finance capital of the world

The UK Energy Secretary, Ed Miliband, has outlined plans to support banks and large companies in developing climate transition plans. To date, about 70% of FTSE 100 companies have voluntarily developed many of the key elements of a transition plan. The UK Government says that widespread transition planning will help provide long-term certainty and clarity to help scale the sustainable finance industry. 

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Great British Energy legislation passes through Parliament

The Great British Energy Bill has received legislative consent from all three devolved governments. This will allow Great British Energy to operate more effectively in each devolved nation. Great British Energy will invest in clean power projects across the UK as part of the UK Government’s Plan for Change to become a clean energy superpower.

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Egypt’s first solar and battery project backed by EBRD

The European Bank for Reconstruction and Development (EBRD) is making a $30m loan available to Obelisk Solar Power, a project company owned by Scatec ASA. The financing facility will finance a new 1GWac solar plant in Egypt with 200MWh of battery storage. It is expected that the project will reduce CO2 emissions by 1.3m tonnes per year.

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Australia’s election: “an energy referendum”

Australian Climate Council CEO, Amanda McKenzie, has said in response to the Australian Federal Election result: “This was an energy referendum. Nuclear bombed at the ballot, with Australians dubbing it toxic. Australians backed a bright, clean, renewable energy future and endorsed the progress that has already been made.”