Shell has been operating in wind energy with 9 projects in North America and Europa, together 500MW of installed capacity.
Last May, Shell launched a new division for renewable energy, Martin Wetselaar, now responsible for integrated gas (including LNG), will lead the division ‘New Energy‘. Is Shell moving towards renewables?
The new division will be transferred to the existing activities in hydrogen, biofuels and renewable power generation. It will also be used as a basis for new activities in wind energy. Read More
Dubai Electricity and Water Authority has announced a comprehensive plan to significantly increase investment in renewable energy projects.
Announcing its annual budget, the Dubai Electricity and Water Authority (DEWA) stated that it will float tenders worth Dh 27 billion (US$7.35 billion) to set up renewable energy projects. The projects are expected to be commissioned through the independent power producers model.
The Authority did not give any details for the likely renewable energy projects that will be pursued. However, among the largest tenders would be for the next phase of the Mohammed bin Rashid Al Maktoum solar power park.
The first large phase of the solar park, with 200 MW capacity, is being constructed by ACWA Power-led consortium. Another tender for 800 MW capacity has attracted interest from global project developers, and the winner of this phase is expected to be announced soon.
DEWA plans to increase the total capacity of the solar park to 3 GW by 2030, so a number of tenders are expected to be issued. The Authority is expected to develop other renewable energy and clean energy projects.
Dubai has set a target to increase the share of renewable energy in its total energy mix to 7% by 2020. The medium-term and long-term targets for renewable energy share are 25% by 2030 and 75% by 2050.
G20 Summit: India and Saudi Arabia rejected world climate ambitions
Are fossils still lucrative for investors? Does the divestment campaign have a material effect on the industry that they are attacking, and thus the transition to sustainability and the reduction of CO2 emissions? Read More
The environment is high on China’s political agenda. It’s all about ‘war on water pollution’.
The environment is high on China’s political agenda. It’s all about ‘war on pollution’. The message is clear: policies to tackle pollution and water scarcity will ‘spill over’ to impact industry. Financial analysts are trying to quantify the financial implications of these regulations. On the flip-side, there is increased interest in the water & wastewater treatment and waste-to-energy sectors. Read More
Buffett’s investment company Berkshire Hathaway Inc. is spending billions of dollars on the construction of wind and solar power plants. Speaking at the Edison Electric Institute’s annual convention in Las Vegas on Monday, Buffett said that Berkshire Hathaway has committed $15 billion to renewable energy already. More importantly, Buffett said that he is ready to invest another $15 billion in the sector. Read More