renewable-energy
Top StoriesGlobal Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount
BusinessEnel Cautious on US Solar Panel Project, Committed to Brazil Grids
Top StoriesGlobal Offshore Wind Industry Poised to Miss Big Targets as Obstacles Mount
Top StoriesEuropean Oil Giants Step Back From Renewables Path
Methane From Tropical Wetlands Is Surging, Threatening Climate Plans
Date: November 18, 2024
By Gloria Dickie BAKU (Reuters) -The world’s warming tropical wetlands are releasing more methane than ever before, research shows — an alarming sign that the world’s climate goals are slipping further out of reach. A massive surge in wetlands methane — unaccounted for by national emissions plans and undercounted in scientific models — could raise...
Italy’s Enel to Invest Over $45 Billion by 2027
Date: November 18, 2024
(Reuters) – Italy’s Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for renewable projects, the utility said on Monday. In its previous 2024-2026 business plan presented last year, the state-controlled group said its investments would...
Endesa Buys 626 Mw Hydro Assets From Acciona for $1.1 Billion
Date: November 16, 2024
MADRID (Reuters) -Spanish power utility Endesa has agreed to buy 626 megawatts (MW) of hydroelectric assets from power company Acciona Energia for 1 billion euros ($1.05 billion), Acciona Energia said on Friday. The deal follows the recent sale by Acciona Energia, controlled by construction conglomerate Acciona, of 175 MW of hydroelectric generation capacity as part...
Oil Demand to Fall to 80-100 Million Bpd by 2035, Says BP’s US Chief Economist
Date: November 16, 2024
(This Nov 13 story has been corrected to add ‘current trajectory scenario’ context in paragraph 1) HOUSTON (Reuters) – Global oil demand will fall to around 80 million barrels per day by 2035 in a net-zero environment, and 100 million bpd in the current trajectory scenario, BP’s chief U.S. economist told an energy conference in...
Swiss Solar Panel Maker Meyer Burger’s Future in Doubt After Key Client Quits
Date: November 15, 2024
By John Revill, Marleen Kaesebier ZURICH (Reuters) -Solar panel maker Meyer Burger said on Friday its future looked uncertain after its biggest customer pulled out, sending the struggling Swiss company’s shares crashing to new record lows. Meyer Burger, one of the few European solar panel makers left after the market was saturated with cheaper Chinese...
TotalEnergies, Bp, Equinor and Shell Commit $500 Million to Boost Energy Access
Date: November 15, 2024
By America Hernandez PARIS (Reuters) -Oil and gas majors TotalEnergies, BP, Shell and Equinor pledged on Friday to invest $500 million to increase access to affordable energy, primarily in sub-Saharan Africa, south and southeast Asia. That is about 0.7% of some $70 billion in net profit the four companies collectively earned in 2023. The announcement...