Tagged With Stuart Penson
Vestas expects US order boost from climate act
10 August 2022
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
Shell in talks with Lufthansa over SAF deal
3 August 2022
Seven-year agreement with German airline would be Shell’s biggest such contract to date
Siemens Gamesa’s losses deepen on rising costs
2 August 2022
Turbine prices must rise to reflect manufacturers’ costs or risk impact on transition, says CEO
New US bill to unleash rapid clean energy deployment
29 July 2022
The Inflation Reduction Act of 2022 includes long-term tax credits for clean hydrogen and carbon capture
EDPR in €250mn German solar deal
29 July 2022
Madrid-based company buys solar developer Kronos to tap accelerating solar growth in Germany
Europe’s energy storage market stalls
28 July 2022
Regulatory barriers and lack of capacity auctions hit growth but RepowerEU seen as supporting market, says Wood Mackenzie
BP opens first electric truck-charging points
27 July 2022
Oil major launches two charging points in Germany aimed at medium- and heavy-duty trucks
Iberdrola secures €550mn EIB green loan
25 July 2022
Funds will support 1.8GW expansion of onshore wind and solar capacity in Spain
Renewable generation set for 10pc growth in 2022 – IEA
20 July 2022
New capacity is driving up green power production and lowering emissions despite higher coal burn in Europe, IEA says
UK consults on major power market reform
19 July 2022
Government eyes biggest overhaul of wholesale market for 20 years to support transition goals and break price link with gas
Irena calls time on role of gas in Europe’s transition
15 July 2022
Deteriorating economics undermine case for gas-fired power plants as a back-up for renewables, agency says
Germany confirms temporary reprieve for coal power
13 July 2022
Cabinet adopts regulation allowing increased use of coal- and oil-fired generation as Russian gas crisis deepens
Air Liquide enters China biomethane sector
12 July 2022
French industrial gases company to launch production at new facility in Jiangsu province by end of year
Equinor buys US battery storage developer East Point Energy
12 July 2022
Norwegian energy company to use flexible storage to boost returns from its renewables portfolio
Repsol boosts investment in transition technology
11 July 2022
Spanish energy company unveils two investment funds aimed at accelerating development and application of new technologies
Offshore wind installations lag government targets
29 June 2022
States are ramping up targets, but complex permitting systems constrain developers’ ability to deliver projects at pace, says Global Wind Energy Council
Equinor and Fluxys study CO₂ pipeline project
29 June 2022
Project would pump CO₂ from multiple emitters in northwest Europe to storage sites under Norwegian continental shelf
Brookfield transition fund hits $15bn
24 June 2022
Fund aimed at decarbonising industries and scaling up clean energy is largest of its type dedicated to transition, asset manager says
Norway seeks talks on cross-border carbon trade
24 June 2022
Energy minister Terje Aasland stresses importance of movement of CO₂ across national boundaries to success of CCS
RWE and Arcelormittal cooperate on green steel
23 June 2022
Plan includes joint bidding for offshore wind projects and developing green hydrogen supply for German steel mills
UK launches first carbon storage licensing round
14 June 2022
Government offers 13 areas for offshore storage as interest from potential developers hits unprecedented levels
Trafigura backs energy storage developer Malta
13 June 2022
Commodities trader joins growing list of investors in Malta’s pumped-heat energy storage technology
Britishvolt plans £200mn EV battery technology hub
31 May 2022
New centre near Birmingham to develop batteries ready for high-volume production at Britishvolt’s Northumberland gigafactory
TotalEnergies buys 50pc of US renewables developer CEG
25 May 2022
Deal worth around $2.4bn with private equity firm Global Infrastructure Partners marks French company’s largest acquisition to date in US renewables sector
Surging battery mineral prices threaten EV growth
23 May 2022
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA
EU pushes for 45pc renewables by 2030
18 May 2022
European Commission seeks faster deployment of renewables as part of new €210bn plan to cut dependence on Russian energy imports
BP and Linde plan Texas CCS project
17 May 2022
CCS will enable Linde to produce low-carbon hydrogen and take CO₂ from other emitters along Texas Gulf Coast industrial corridor
Renewables sector loses confidence in EU support scheme
17 May 2022
Rules governing EU Innovation Fund disadvantage renewables sector and must change, industry groups tell European Commission
Snam backs CCS and hydrogen developer Storegga
16 May 2022
Italian gas network company becomes strategic shareholder as Storegga secures $63mn in third-round fundraise
BP and Equinor granted UK carbon storage licences
13 May 2022
East Coast Cluster reaches milestone as licences granted for four more sites in Southern North Sea
Norway ramps up offshore wind targets
12 May 2022
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
Renewables growth to stall without new policies – IEA
11 May 2022
Global capacity growth is accelerating this year but will lose momentum in 2023 unless governments offer more support, agency says
Trafigura backs UK lithium refinery project
9 May 2022
Refinery can reduce Europe’s reliance on Chinese suppliers of battery-grade lithium chemicals
BP stands firm on renewable project returns
3 May 2022
Oil major slashes list of potential projects as new head of low-carbon business reviews investment cases
Europe can accelerate offshore wind deployment – Orsted
29 April 2022
Existing targets can be exceeded if governments streamline consent process and stop trying to monetise development rights, says Danish energy company
SSE buys Siemens Gamesa renewables portfolio
21 April 2022
UK-based company secures foothold in southern Europe with $630mn deal
Shell says transition plan on track despite Ukraine crisis
20 April 2022
Scope one and two emissions down 18pc by end-2021 versus 2016 base year, company says in its latest energy transition progress report
CCUS sector seeks clearer policies on storage
8 April 2022
Regulatory and financial certainty needed to accelerate investment in long-term storage as carbon capture gains momentum
UK pledges to streamline offshore wind approvals
7 April 2022
Government aims for one-year approval process as it ramps up offshore wind targets as part of energy security strategy
German government backs massive renewables expansion plan
6 April 2022
Cabinet agrees raft of legal amendments designed to double share of renewables in the energy mix by 2030
War drives ‘small acceleration’ in Europe’s transition
6 April 2022
Share of renewables in Europe’s energy mix rises as the continent turns away from Russian gas imports, DNV modelling shows
EU awards €1.1bn in grants to low-carbon projects
4 April 2022
Hybrit hydrogen-based steel and K6 carbon-neutral cement projects among recipients of EU Innovation Fund’s first large-scale awards
EU complains to WTO over UK’s CfD scheme
30 March 2022
UK will rigorously contest EU’s claim that scheme’s local content criteria are discriminatory
SSE rules out fossil fuel divestment in transition
30 March 2022
UK energy company will retain unabated gas-fired power plants to support security of supply as it expands renewable portfolio, according to new net-zero transition strategy
UK CCS projects at risk amid uncertainty over support
29 March 2022
Pipeline of projects has potential to exceed government’s 2035 target, but greater clarity on policy needed to unlock investment, says Carbon Capture and Storage Association
BP plans $1.3bn expansion of UK EV charging network
25 March 2022
Oil major’s announcement coincides with UK government pledge to support tenfold increase in number of charging points by 2030
BP partners with Marubeni for Japanese offshore wind push
23 March 2022
The major will establish a local offshore wind development team in Tokyo
UK assesses projects for low-carbon clusters
23 March 2022
Government names developments qualifying for evaluation for connection to East Coast, Hynet and reserve Scottish clusters
Windfall taxes in Europe would hit renewables investment
22 March 2022
Ad hoc interventions by governments would create regulatory uncertainty and deter investors, say energy firms
Shell seeks licences for 17GW of Brazilian offshore wind
21 March 2022
Oil major files applications for projects in six states with potential to triple size of portfolio
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