Market News - Page 162 of 355 - New Energy Events

HDF energy breaks ground on world’s largest green hydrogen-power project in French Guiana
September 30, 2021
French hydrogen firm HDF Energy and its equity partners, the infrastructure fund Meridiam and the petroleum operator SARA (Rubis Group) have begun the construction of CEOG Power Plant in French Guiana. CEOG is the world’s first multi-megawatt hydrogen power plant. Weighing in at 128MWh, it includes the largest green hydrogen storage of intermittent electricity sources. Representing […]
World Bank’s new RFP calls for innovative financing to scale up renewable energy development in the Eastern Caribbean Currency Union
September 30, 2021
The Eastern Caribbean Currency Union (ECCU) encompasses eight countries and overseas territories[1], all of which are small island developing nations extremely vulnerable to climate change and natural disaster risks. The region is highly dependent on imported expensive fossil fuel to meet its energy requirements despite being endowed with enormous renewable energy (RE) generation potential. The […]
Mining billionaire spearheads green hydrogen push
September 30, 2021
Australian mining billionaire Andrew Forrest on Thursday launched a green hydrogen organization, GH2, in a push to speed up development of the clean fuel to help curb global warming. GH2’s goal is to ensure that by 2050 a quarter of the world’s energy comes from green hydrogen, which is extracted from water with electrolysis, an […]
Bill Gates raises $1 billion as corporate CEOs join race to scale clean tech
September 30, 2021
Bill Gates raised more than $1 billion in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock Inc.’s Larry Fink and Microsoft Corp.’s Satya Nadella to rally support for some of the world’s most demanding clean-energy projects. They are looking to accelerate the commercial viability of four key solutions to the climate crisis: green hydrogen, sustainable […]
Barbados pursues ‘Norwegian model’: going green at home and drilling for oil
September 24, 2021
The Caribbean nation of Barbados is pursuing what a key official called the “Norwegian model” by exporting oil and gas while cleaning up its own cars and electricity production. The government recently submitted plans to the UN to make 100% of its cars run on electricity or alternative fuels and to get 95% of its […]
Guyana’s role in the emerging green energy transition
September 24, 2021
At a recent offshore oil & gas conference in Houston, Guyana’s foreign minister said that the country’s economy is expected to grow 500% by 2030. Guyana’s current US$6.8 billion real GDP would ignite to nearly US$35 billion dollars, about the size of Paraguay, who has nine-times the population of the former British Colony. Per capita, […]
Global energy firm plans big solar plant in Jamaica
September 24, 2021
Europe-based global clean energy firm MPC Energy Solutions, which is listed on the Oslo Stock Exchange in Norway, is reporting that it has leased several acres of land in Jamaica as part of a major project to develop a 72.5-megawatt, MW, solar power plant here. MPC Energy focuses on sustainable energy infrastructure and runs green […]
Fortaleza will be the first Brazilian city to power public transport by green hydrogen
September 24, 2021
With the Green Hydrogen Hub of Ceará, the state government has signed a Memorandum of Understanding to implement the use of vehicles for public transport powered by fuel produced from renewable energy. The Spanish company Neoenergia will be responsible for the project called “Corredor Verde”. Fortaleza will receive the pilot project and the plan is […]
Colbun to build major wind farm in northern Chile
September 24, 2021
Chilean generator Colbun plans to install Latin America’s largest wind farm in the Atacama desert, expanding Chile’s burgeoning renewable energy base which the government hopes to leverage for green hydrogen. The 778MW Horizonte project requires $850mn in investment for the installation of 140 turbines 130km (80.8mi) from Taltal in the Antofagasta region. Construction is scheduled […]