renewable-energy
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Two Energy Giants, Two Green Projects: One Double-Booking in North Sea
Date: January 24, 2023
By Rowena Edwards and Shadia Nasralla LONDON (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. The problem is, the...
Bank Funding for Renewables Stagnates vs Oil and Gas – Report
Date: January 24, 2023
LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday. Since 2016 renewable energy has taken 7% of a total $2.5 trillion in bank loans...
EU’s Planned Reforms Aim to Better Protect Power Bills From Market Swings
Date: January 23, 2023
By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday. The EU is reforming its power market to attempt to avoid a repeat of last year, when cuts to Russian...
UK’s National Grid to Pay People to Use Less Power as Cold Snap Bites
Date: January 23, 2023
LONDON (Reuters) -Britain’s National Grid said it would pay customers to use less power on Monday and Tuesday evenings this week, the first time it has used a new scheme designed to help prevent power shortages. More than a million households and business are signed up to the Demand Flexibility Service (DFS), which rewards people,...
King Charles to Give Back Profit From $1 Billion-A-Year Wind Farm Deal
Date: January 19, 2023
LONDON (Reuters) -King Charles told the British government he would like an expected surge in profit from a 900 million pound ($1.1 billion)-a-year wind farm deal for his Crown Estate to go to the “wider public good” rather than to the royal family. Under agreements announced on Thursday, the Crown Estate will lease sites for...
Edpr Brings Iberia’s First Wind-Solar Power Plant On-Stream
Date: January 13, 2023
By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – EDP Renovaveis, the world’s fourth-largest renewable power producer, has brought on-stream the first hybrid wind-solar farm in Iberia, adding 36.5 gigawatts (GW) of annual capacity just as Europe is facing an energy crisis. The Mina de Orgueirel plant, about 300 km (186 miles) northeast of Portugal’s...