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The Latest Breaking News from Renewable Energy

Egypt: Vortex Energy Invests $237Mln into Spain’s Ignis

Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, announced on Tuesday that it invested to-date in Spain’s Ignis 222 million euros ($237 million) of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year.

Asharq Al-Awsat

ReneSola Clocks Q1 Revenue Decline Of 85%, Reiterates FY22 Guidance

ReneSola Ltd. (NYSE:SOL) reported a first-quarter revenue decline of 85% year-over-year and sequentially to $3.5 million, driven by energy sales from IPP assets that came from 33 million KWh generated. Adjusted gross profit was $1.4 million, and the margin was 36.3% for the quarter. Adjusted operating expenses were $2.7 million, compared to…

Benzinga

If Australia taxed windfall gas profits we could invest billions in renewables and get off fossil fuels for good

The sooner we shift away from ageing coal and expensive gas, the quicker electricity prices and emissions will fall

The Guardian - AU

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Italy Looks Forward to Long-term Partnership with Saudi Arabia in Green Hydrogen

Italian Ambassador to Saudi Arabia Roberto Cantone said his country was making great efforts to diversify its gas supplies to achieve independence from Russia, by expanding its cooperation with other gas-exporting partners. He stressed in this regard that his country was looking forward to establishing a long-term partnership with a…

Asharq Al-Awsat

Island in the energy price storm: renewables help ACT cut power costs

ACT is the only jurisdiction bucking the trend of soaring power bills now plaguing the rest of Australia

The Guardian - AU

Labor needs to double the pace of its renewable energy rollout to meet 2030 emissions target. Can it be done?

Analysts say the extent to which Australia will have to accelerate the uptake of renewables has not been appreciated – it’s extremely challenging, but not impossible

The Guardian - AU

TRSDC Seeks 30% Environmental Conservation Rate by 2040

The "Amaala" and "Red Sea" projects in western Saudi Arabia will attract a wide range of various markets given the multiple services they offer, according to the Executive Director at the Red Sea Development Company (TRSDC), Rosanna Chopra. Chopra stressed that TRSDC aspires to provide the destination with clean and…

Asharq Al-Awsat

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$1m community battery unveiled in Melbourne in move towards more renewable energy

A community battery that will take excess energy from local solar panels is unveiled in Melbourne and welcomed as a "fabulous" step towards having more renewable energy in the network.

ABC News

EA to unveil trucks in H2

SET-listed Energy Absolute (EA), a renewable energy and electric vehicle (EV) developer and operator, is preparing to launch battery-run trucks in the second half of this year as it shifts its EV business into top gear.

Bangkok Post

KSEB metering move draws flak from prosumers

Objection to replacement of net metering with gross metering

The Hindu

40 Government Agencies Strive for Quality Industries in Saudi Arabia

The National Industrial Development and Logistics Services Program (NDLP) is seeking to work with 40 Saudi government agencies to achieve qualitative industries represented in partial and total manufacturing and the development of the supply chain in machinery, medical equipment, cars, military industries and renewable energy. The NDLP aims to transform…

Asharq Al-Awsat

Rome Pushes for Opening HQs of Italian Companies in Saudi Arabia

Italian MP Elena Morelli, who chairs the Italian-Saudi Parliamentary Friendship Committee, has discussed ways to open headquarters for Italian companies in Saudi Arabia. Morelli called for motivating Italian companies by simplifying and standardizing procedures, noting the availability of great cooperation opportunities between Riyadh and Rome in the renewable energy sectors,…

Asharq Al-Awsat

South Australia turns to diesel generators as gas shortage and price spike hits

Calls for faster transition away from ‘volatile’ fossil fuel supply as SA burns large amounts of gas and diesel

The Guardian - AU

Ameresco, Bright Canyon Energy Partner To Build Large Scale Project

Ameresco Inc (NYSE:AMRC) and Bright Canyon Energy proposed Kūpono Solar Project, a combined solar and battery system to be built at the Joint Base Pearl Harbor-Hickam West Loch Annex Hawai'i. The proposed project is designed to deliver 42 megawatts (MW) of clean, renewable energy to Hawaiian Electric's grid on the island of O'ahu.…

Benzinga

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The Hindu

KSEB seeks changes in metering for solar ‘prosumers’

Proposed change has given rise to fear that it will result in higher power bills

ABC News

South Australian government axes Home Battery Scheme, saving money in state budget

A key renewable energy policy of the former South Australian government that was designed to help more people access home energy storage systems will be axed in Thursday's state budget.

The National (Scotland)

UK Government urged to ditch 'obsession' with nuclear power and focus on renewables

THE UK Government has been urged to end its “obsession” with nuclear power and focus on renewable energy.

The Guardian - AU

Power bills set to rise 9.2% in regional Queensland as report blames delays in renewable energy projects

Queensland Conservation Council says state’s dependence on increasingly unreliable coal is costing households

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The Guardian - AU

AGL’s coal implosion shows what a disorderly transition to clean energy looks like

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

ABC News

Council launches legal action over $4m geothermal plant that's never delivered power

It was touted as the beginning of a renewable energy boom in outback Queensland, but two years after the construction of a "game changing" geothermal power plant in Winton, the project has failed.

Wales Online

Spain and Portugal to slash energy bills by 40% by breaking ranks with EU

Both southern European countries have a large amount of renewable energy

The Times of India

Maharashtra: Solar plants to generate 12,000MW power in 6 years

MUMBAI: Maharashtra will embark on setting up new solar plants across districts to generate 12,000MW renewable energy in the next six years, MSEDCL managing director Vijay Singhal announced on Friday. This will ensure there is no shortfall in electricity supply due to growing demand for power across the state, especially…

Newsroom.co.nz

The week in Detail: Bromley stench, renewable energy and monkeypox

The Detail podcast brings you the issues that matter every weekday. Whakarongo mai to any episodes you might have missed.

The Independent UK

US, Germany to boost cooperation on shift to clean energy

The United States and Germany have signed an agreement to deepen their cooperation on shifting from fossil fuels to renewable energy in an effort to rein in climate change

Reuters

G7 calls on OPEC to play key role to ease global energy supplies

Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrough commitment to phase out coal-fuelled power.

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