Daily Shorts: Toyota boosts EV battery investment by $8 bn, Indonesia finalizes JETP plan, and more

A crashed Tesla. (Picture for Representational Purpose) Image: US NTHB

Toyota announced plans to invest $8 billion in the company's electric vehicle battery manufacturing plant in North Carolina, USA, taking total investment in the project to around $...

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Daily Shorts: UAE's first commercial wind farm, Japan will subsidize hydrogen aeroplanes, and more

Image: Pexels

The UAE launched its first commercial-scale wind power project, a 104 MW installation at four sites run by the emirates' green power company Masdar. Electricity from the wind farm ...

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Daily Shorts: UK part-funds Ionic's rare earth magnet recycling plant, US small-sale solar additions hit record high, and more

Rare earths metals company LCM will be involved in the Ionic-to-Ford EV recycling chain. Image Courtesy: Less Common Metals

Ionic Rare Earths received an investment of $2 million from the UK government to set up a rare earth magnet recycling facility in Belfast. In a release, the company said it would p...

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Daily Shorts: Tesla range under scanner, Canada clears four wind farms to drive green hydrogen plants

Image: Tesla

Tesla is under the scanner of US authorities over vehicle range claims, media reports indicate. The Wall Street Journal reported federal prosecutors are looking into the company's ...

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Daily Shorts: China prepares to recycle old wind and solar equipment, Ford plans plant in Canada and more

China announced plans to set up a recycling system for old solar panels and wind turbines to manage equipment slated for retirement in the coming years. Multiple state agencies rel...

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Daily Shorts: Swiss town gets 100% RE capacity, Germany’s getting an 800 MW hydrogen power plant and more

RWE's hydrogen plant will use Ansaldo Energia’s GT36 turbine to generate power. Image: Ansaldo Energia

Switzerland has installed six wind turbines in the town of Sainte-Croix along its French border, giving it enough capacity to meet the town's energy needs through renewable sources...

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Octopus Energy outlines $20 bn spend for 12 GW offshore wind capacity by 2030

Octopus says the power generated will power 10 million homes. Image: Octopus Energy

Octopus Energy Generation, the power generation arm of UK-based Octopus Energy Group, said it plans to invest $20 billion in offshore wind assets by 2030. The company, which manage...

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IRENA urges world to look beyond sun and wind to biofuels, hydropower and geothermal energy

IRENA has asked countries to consider alternatives such as biofuels, hydropower (pictured) and geothermal energy. Image: Pexels

The world's energy transition is currently "off-track", the International Renewable Energy Agency (IRENA) warned in its 2023 outlook, even as it sought to funnel renewable energy i...

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US govt proposes 80 percent cut in solar, wind project fees on federal land

The US land agency is currently processing 74 renewable energy and transmission applications with a combined potential of over 37 GW. Image: Pexels

The US government is proposing to make wind and solar installations cheaper as part of its plans to boost renewable energy and fight climate change. The Biden administration has pr...

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Iberdrola bags €1 billion loan from EIB to set up 2.2 GW RE plants in Europe

Iberdrola's Executive Chairman, Ignacio Galán, together with EIB Vice-President, Ricardo Mourinho Félix. Source: Iberdrola

Spanish renewable energy firm Iberdrola has signed a new financing agreement worth €1 billion with the European Investment Bank (EIB) for building an extensive network of...

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Envision Energy signs contract for 1.67 GW wind turbines for NEOM green H2 plant

Envision Energy has announced the signing of a contract to supply 1.67 GW wind turbines for NEOM Green Hydrogen Company, the world's largest utility-scale hydrogen p...

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World will add record 107 GW of renewables capacity this year, says IEA

Global renewable power capacity is expected to jump 107 gigawatts (GW) – the largest absolute increase ever – to over 440 GW this year, according to the International Energy Agency...

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Eversource puts wind assets on block, exits Orsted JV for $625 million

Eversource Energy announced it will sell its 50 percent stake in a wind farm development site in Massachusetts to Danish joint venture partner Ørsted for $625 million. This transac...

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In Europe, a turbine maker's appeal for direct cash transfer

Siemens Gamesa COO Tim Dawidowsky said that although wind power is a critical component of renewable energy, turbine makers “losing billions”. Image: Pexels

The chief operating officer of Siemens Gamesa has pitched for direct financial assistance to turbine manufactures to support their investments, pointing out that they are a critica...

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Masdar to develop 2 GW of RE, 500 MWh of battery storage in Uzbekistan

UAE-based energy firm Masdar has recently signed a joint development agreement with Uzbekistan's Ministry of Energy (MoE) and the Ministry of Investments, Industry and Tr...

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SK ecoplant invests in green hydrogen project in Canada: Project Nujio'qonik

SK ecoplant, the energy and environment arm of South Korea's second-largest conglomerate, SK Group, has signed an investment agreement with World Energy GH2 to harness wind energy ...

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