Tagged With Stuart Penson
Offshore wind installations lag government targets
29 June 2022
States are ramping up targets, but complex permitting systems constrain developers’ ability to deliver projects at pace, says Global Wind Energy Council
Equinor and Fluxys study CO₂ pipeline project
29 June 2022
Project would pump CO₂ from multiple emitters in northwest Europe to storage sites under Norwegian continental shelf
Brookfield transition fund hits $15bn
24 June 2022
Fund aimed at decarbonising industries and scaling up clean energy is largest of its type dedicated to transition, asset manager says
Norway seeks talks on cross-border carbon trade
24 June 2022
Energy minister Terje Aasland stresses importance of movement of CO₂ across national boundaries to success of CCS
RWE and Arcelormittal cooperate on green steel
23 June 2022
Plan includes joint bidding for offshore wind projects and developing green hydrogen supply for German steel mills
UK launches first carbon storage licensing round
14 June 2022
Government offers 13 areas for offshore storage as interest from potential developers hits unprecedented levels
Trafigura backs energy storage developer Malta
13 June 2022
Commodities trader joins growing list of investors in Malta’s pumped-heat energy storage technology
Britishvolt plans £200mn EV battery technology hub
31 May 2022
New centre near Birmingham to develop batteries ready for high-volume production at Britishvolt’s Northumberland gigafactory
TotalEnergies buys 50pc of US renewables developer CEG
25 May 2022
Deal worth around $2.4bn with private equity firm Global Infrastructure Partners marks French company’s largest acquisition to date in US renewables sector
Surging battery mineral prices threaten EV growth
23 May 2022
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA
EU pushes for 45pc renewables by 2030
18 May 2022
European Commission seeks faster deployment of renewables as part of new €210bn plan to cut dependence on Russian energy imports
BP and Linde plan Texas CCS project
17 May 2022
CCS will enable Linde to produce low-carbon hydrogen and take CO₂ from other emitters along Texas Gulf Coast industrial corridor
Renewables sector loses confidence in EU support scheme
17 May 2022
Rules governing EU Innovation Fund disadvantage renewables sector and must change, industry groups tell European Commission
Snam backs CCS and hydrogen developer Storegga
16 May 2022
Italian gas network company becomes strategic shareholder as Storegga secures $63mn in third-round fundraise
BP and Equinor granted UK carbon storage licences
13 May 2022
East Coast Cluster reaches milestone as licences granted for four more sites in Southern North Sea
Norway ramps up offshore wind targets
12 May 2022
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
Renewables growth to stall without new policies – IEA
11 May 2022
Global capacity growth is accelerating this year but will lose momentum in 2023 unless governments offer more support, agency says
Trafigura backs UK lithium refinery project
9 May 2022
Refinery can reduce Europe’s reliance on Chinese suppliers of battery-grade lithium chemicals
BP stands firm on renewable project returns
3 May 2022
Oil major slashes list of potential projects as new head of low-carbon business reviews investment cases
Europe can accelerate offshore wind deployment – Orsted
29 April 2022
Existing targets can be exceeded if governments streamline consent process and stop trying to monetise development rights, says Danish energy company
SSE buys Siemens Gamesa renewables portfolio
21 April 2022
UK-based company secures foothold in southern Europe with $630mn deal
Shell says transition plan on track despite Ukraine crisis
20 April 2022
Scope one and two emissions down 18pc by end-2021 versus 2016 base year, company says in its latest energy transition progress report
CCUS sector seeks clearer policies on storage
8 April 2022
Regulatory and financial certainty needed to accelerate investment in long-term storage as carbon capture gains momentum
UK pledges to streamline offshore wind approvals
7 April 2022
Government aims for one-year approval process as it ramps up offshore wind targets as part of energy security strategy
German government backs massive renewables expansion plan
6 April 2022
Cabinet agrees raft of legal amendments designed to double share of renewables in the energy mix by 2030
War drives ‘small acceleration’ in Europe’s transition
6 April 2022
Share of renewables in Europe’s energy mix rises as the continent turns away from Russian gas imports, DNV modelling shows
EU awards €1.1bn in grants to low-carbon projects
4 April 2022
Hybrit hydrogen-based steel and K6 carbon-neutral cement projects among recipients of EU Innovation Fund’s first large-scale awards
EU complains to WTO over UK’s CfD scheme
30 March 2022
UK will rigorously contest EU’s claim that scheme’s local content criteria are discriminatory
SSE rules out fossil fuel divestment in transition
30 March 2022
UK energy company will retain unabated gas-fired power plants to support security of supply as it expands renewable portfolio, according to new net-zero transition strategy
UK CCS projects at risk amid uncertainty over support
29 March 2022
Pipeline of projects has potential to exceed government’s 2035 target, but greater clarity on policy needed to unlock investment, says Carbon Capture and Storage Association
BP plans $1.3bn expansion of UK EV charging network
25 March 2022
Oil major’s announcement coincides with UK government pledge to support tenfold increase in number of charging points by 2030
BP partners with Marubeni for Japanese offshore wind push
23 March 2022
The major will establish a local offshore wind development team in Tokyo
UK assesses projects for low-carbon clusters
23 March 2022
Government names developments qualifying for evaluation for connection to East Coast, Hynet and reserve Scottish clusters
Windfall taxes in Europe would hit renewables investment
22 March 2022
Ad hoc interventions by governments would create regulatory uncertainty and deter investors, say energy firms
Shell seeks licences for 17GW of Brazilian offshore wind
21 March 2022
Oil major files applications for projects in six states with potential to triple size of portfolio
Alfanar confirms $1.3bn UK SAF project
18 March 2022
Saudi group to start construction next year on Teesside plant to produce sustainable aviation fuel from household and commercial waste
EU must drop gas from green taxonomy proposal – MEPs
17 March 2022
European Parliament members say inclusion of gas in green finance taxonomy undermines response to invasion of Ukraine
French offshore wind pact calls for $44bn investment
17 March 2022
Government and industry agree to target 18GW of operating capacity by 2035 as new Mediterranean floating project tender goes live
RWE questions role of gas in transition
15 March 2022
German utility is reviewing its fuel options for new generation capacity as the Ukraine war hits energy markets with full force, CEO Markus Krebber says
World needs $15tn scale-up of emissions removals – ETC
10 March 2022
Combination of nature-based solutions and engineered technologies needed alongside decarbonisation to meet global climate goals, thinktank says in report
Europe faces transition trade-offs amid Russian crisis
9 March 2022
More use of coal-fired power is likely in the short term, while new North Sea projects are not the answer, ETC chair Adair Turner tells Transition Economist
IEA crisis plan calls for faster renewables rollout
4 March 2022
Agency also urges action to switch to non-Russian gas as security of supply tops policy agenda
Shell warns of renewables cost inflation
3 March 2022
Company closely monitoring rising costs of wind turbines and batteries, CEO Ben van Beurden says
Neptune says CCS can take it beyond net-zero by 2030
2 March 2022
UK-based independent oil and gas producer says CCS capacity can exceed scope one and three emissions by end of decade
Chevron buys US biofuels firm REG for $3.15bn
2 March 2022
US oil and gas company says deal will speed progress towards 2030 renewable fuel production target
Germany plans two LNG terminals as Russia crisis deepens
28 February 2022
Government acts to shore up energy supplies with new gas sources but insists policy dovetails with net-zero transition
UK’s flexibility funding gap presents investment opportunities
28 February 2022
Substantial private sector finance needed to back a rapid scale-up of low-carbon flexibility technologies as UK decarbonises its energy system
Chevron ups investment in UK carbon capture developer
25 February 2022
US oil major makes second investment in London-based modular carbon capture developer Carbon Clean
EDPR plans $7.4bn Singapore clean energy hub
24 February 2022
Spain-headquartered renewables group to use Sunseap acquisition as springboard for Asia-Pacific expansion
Uniper to spend €500mn on green businesses in 2022
24 February 2022
Germany energy company anticipates key role in hydrogen economy and is ready to invest in new gas-fired power plants, CEO Klaus-Dieter Maubach says
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