renewable-energy
BankingAdani Group Could Find Funding Harder After US Indictment as Banks Review Credit
Top StoriesGermany Pushes 17-billion-euro Gas Power Plan Despite Election Uncertainty
BusinessSwitzerland’s Axpo Eyes Prospects in Japan Power, Lng Trading
Top StoriesAdani Group Stocks, Bonds Fall for a Second Day After Founder’s US Indictment
Greece Sets up Fund to Decarbonise Its Islands, Reduce Hefty Fuel Imports
Date: November 21, 2024
ATHENS (Reuters) -Greece signed a deal with the European Commission and the European Investment Bank (EIB) on Thursday to set up a fund that will help its tourism-reliant islands wean off fossil fuel and reduce power costs, the Greek government said. Greek Prime Minister Kyriakos Mitsotakis met EIB’s Chair Nadia Calviño on Thursday. Mitsotakis then...
Greece Will Set up Fund to Decarbonise Its Islands
Date: November 21, 2024
ATHENS (Reuters) – Greece will sign a deal with the European Commission and the European Investment Bank (EIB) on Thursday to set up a fund that will help its tourism-reliant islands wean off fossil fuel and reduce power costs, the Greek government said. Greek Prime Minister Kyriakos Mitsotakis met EIB’s Chair Nadia Calviño on Thursday....
Norway’s Equinor Cuts 20% of Staff at Renewables Unit
Date: November 21, 2024
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Norway’s Equinor is trimming 20% of the staff from its renewable energy division and will compete for a smaller number of new projects as it streamlines the business unit, the company told Reuters on Thursday. The global offshore wind sector, in which Equinor is a significant...
Oil Majors Are Betting Big on Biofuels With Over 40 Projects by 2030, Rystad Says
Date: November 20, 2024
(Reuters) – Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad said in a report. The energy research firm indicates that investments by industry giants such as ExxonMobil, Chevron, BP, Shell, TotalEnergies,...
UK Energy Regulator Eyes up to $10.2 Billion Fund to Aid Green Targets
Date: November 20, 2024
(Reuters) -Britain’s energy regulator Ofgem said on Wednesday it had begun consultations over a new investment fund of up to 8 billion pounds ($10.16 billion) that could help the country’s net zero prospects and aid energy transmitters to cut delays and costs. The proposed fund, worth between 5 billion pounds and 8 billion pounds, would...
European Oil Giants Step Back From Renewables Path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...