Monday 15 April 2024

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EIB backs 103MW of windfarms in Austria

The European Investment Bank grants €110m loan to energy utility EVN AG for the deployment of 103MW of renewable energy.

Clean tech set for more than half of 2023 energy investment

A projected $1.7tn will be invested in low carbon energy capacity this year, according to new International Energy Agency (IEA) report. 

RWE wins Australian tender for long-duration battery storage project

New South Wales government to partner with global renewables provider RWE on key battery storage scheme.

Global electricity set to reduce carbon in 2023

China, EU and USA lead the way in renewables despite ongoing decarbonisation challenges, according to new report. 

OPEC Fund strengthens reliable power generation in Bangladesh

More investment for Bangladesh’s fast-growing power generation sector as $38m loan granted.

Economic hard landing requires smart decisions, says WEF president

World Economic Forum President Børge Brende has warned that the economy is facing a hard landing but there were opportunities to learn from the past and make smart decisions.

Could Africa solve climate change?

At the recent US-Africa Business Summit, the AfDB president called for investment in Africa not to help Africa, but to solve the world’s net zero challenge. So, how crucial could Africa be in tackling climate change?

IEA says solar supply chain is too concentrated in China

A new International Energy Agency (IEA) report welcomes Chinese investment in bringing down global solar power costs but warns of risks with more than 90% of some components produced only in China.

AfDB president calls on Europe to harness African energy

As EU nations return to coal amid concerns about Russian gas, Dr Akinwumi Adesina points out great energy opportunities in Africa if finance can be raised. 

BP to take 30% stake in Asian Renewable Energy Hub

Reports emerging from Australia suggest UK-based oil giant will invest in what potentially the world’s largest renewable energy project.
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