renewable-energy
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BusinessQatarEnergy Takes 50% Stake in TotalEnergies Solar Project in Iraq
Top StoriesCurrent Climate Pledges Still Fall Way Short on Paris Goals, UN Body Says
QatarEnergy Takes 50% Stake in TotalEnergies Solar Project in Iraq
Date: October 28, 2024
DUBAI (Reuters) – QatarEnergy, one of the world’s top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies’ 1.25-gigawatt solar project in Iraq. The French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion Gas Growth Integrated...
Spanish Renewables Industry Warns of Threats to Investment
Date: October 25, 2024
MADRID (Reuters) – The mismatch between increasing supply of renewable power and electricity demand that is struggling to grow, coupled with depressed wholesale power prices, threatens future investments in the sector, renewables lobby APPA warned on Friday. KEY QUOTES We continue to add renewables capacity without a proportional increase in power demand,” APPA President Santiago...
Australia, UK Team up to Back Clean Energy Technologies
Date: October 25, 2024
By Renju Jose SYDNEY (Reuters) – Australia and Britain plan to work together to ramp up the deployment of renewable energy technologies, such as green hydrogen and offshore wind, to support decarbonisation, the two countries’ leaders said on Friday. The transition to net zero would open up economic opportunities creating new jobs and bolster...
Europe Struggling to Meet Offshore Wind Targets, Industry Heads and Lawmakers Say
Date: October 25, 2024
By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targets for offshore wind power, hindered by rising costs, red tape and inadequate policies, industry leaders and lawmakers said on Thursday as they presented recommendations to the new European Commission. Denmark hosted a meeting in the port...
Equinor Eyes Lower Spending on Renewables After Orsted Transaction
Date: October 24, 2024
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) -Equinor said on Thursday it may invest less in renewable energy towards 2030 following its acquisition this month of a stake in wind power group Orsted, while reporting weaker-than-expected third-quarter profits. Equinor on Oct. 7 announced a $2.5 billion purchase of a 9.8% stake in Orsted, surprising...
Germany Moves to Strengthen Domestic Wind Power Industry
Date: October 17, 2024
By Riham Alkousaa BERLIN (Reuters) -Germany is planning state guarantees for wind energy production, it said on Thursday, as part of a package of measures to boost its wind industry amid concerns from European governments and companies over Chinese firms gaining momentum in the sector. Berlin will expand the scope a KfW state bank program...