All CapPro news articles – Page 5
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CapPro newsIreland eyes 37 GW offshore wind goal
The Republic of Ireland has set out a proposed pathway to develop 20 GW of offshore wind energy capacity by 2040 and at least 37 GW in total by 2050.
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CapPro newsBattery storage projects pressing ahead in the UK
A report published by RenewableUK shows that the pipeline of battery projects has grown by two-thirds in capacity over the last year.
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CapPro newsG7 sets timeline for coal-fired phase out
The Group of Seven (G7) countries have signed a deal to phase out coal-fired power generation from their respective power mixes by 2030-2035.
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CapPro newsUSD270 billion shortfall in critical mineral mining investments, says UNCTAD
Demand for critical energy transition minerals like lithium, cobalt and copper could increase almost fourfold by 2030. UN Trade and Development (UNCTAD) projections based on data from the International Energy Agency, indicate that by 2050 lithium demand could rise by over 1,500 percent, for example, with similar increases for nickel, cobalt and copper.
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CapPro newsØrsted exits France with sale of onshore assets to Engie
Ørsted confirmed that it will divest its French onshore operations to Engie as it prioritises other European markets.
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CapPro newsWood Mackenzie: China dominates wind energy as Western OEMs falter
China accounted for 65 percent of global wind capacity in 2023, which pushed four Chinese wind turbine OEMs into the top five global rankings, according to analysis from Wood Mackenzie.
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CapPro newsScottish first minister resigns as green energy sector delays bite
In Scotland, a series of missteps resulted in the resignation of first minister and leader of the Scottish National Party (SNP), Humza Yousaf. Earlier this month, his government failed to consent on SSE Renewables’ 4.1 GW Berwick Bank wind farm, off east Scotland, in time to enter this year’s Allocation Round 6.
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CapPro newsWave of M&A activity to shake up Brazil’s upstream market
Brazil’s upstream industry is in for a potential wave of consolidation, with four of the country’s top 10 independent exploration and production (E&P) players already in merger talks, according to Rystad Energy.
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CapPro newsAustralia and Denmark to launch 6 GW tender rounds
Large-scale tenders for renewable energy projects have been announced in Australia and Denmark – the former targeting 6 GW of dispatchable onshore projects, the latter focussed on large-scale offshore wind developments.
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CapPro newsNYSERDA cancels three US offshore wind energy projects
New York State Energy Research and Development Authority (NYSERDA) confirmed that it will not go ahead with three offshore wind energy projects that were provisionally awarded during 2023: Attentive Energy One (1,404 MW), Community Offshore Wind (1,314 MW), and Excelsior Wind (1,314 MW).
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CapPro newsRWE to supercharge US renewable energy developments with WhiteRock
RWE Clean Energy formed a strategic relationship with renewables developer WhiteRock to accelerate the expansion of RWE’s onshore wind, solar and energy storage development pipeline in the USA.
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CapPro newsRenewables and nascent technologies most exposed in high interest rate environment
High interest rates persist and the cost of borrowing disproportionately affects renewables and other nascent technologies, compared to more established oil and gas, and metals and mining sectors. Policymakers should focus on bolstering carbon markets, maximising subsidy efficiency and mobilising green finance, according to a recent report: ‘Conflicts of interest: the cost of investing in the energy transition in a high interest-rate era’ by Wood Mackenzie.
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CapPro newsEnergy executives still optimistic despite political and cost concerns
DNV said that 73 percent of senior energy professionals expressed confidence about the industry’s growth trajectory for 2024, a figure that has held steady at around 74 percent since 2022. Still, political uncertainty was a key cause for concern among the ~1,300 professionals questioned for its annual Industry Insight survey.
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CapPro newsDevelopers adapt to offshore wind market realities
Energy sector analyst Esgian has issued its quarterly offshore wind report, highlighting renewed confidence in the US market, new countries entering the sector, and a global pipeline of projects that has reached an all-time high.
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CapPro newsTotalEnergies affirms commitment to Papua LNG project as FID pushed to 2025
TotalEnergies has met with the Papua New Guinea leadership to reaffirm its commitment to the Papua LNG project.
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CapPro newsEC approves support for German green hydrogen scheme
The European Commission (EC) has approved, under EU State aid rules, a EUR350 million (USD376.9 million) scheme to support the production of renewable hydrogen in Germany.
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CapPro newsPortugal prioritises onshore repowering as it edges towards 2030 goal
Capital Project Monitor has been running a close eye over Portugal’s energy sector, which has made significant strides in the renewable arena.
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CapPro newsUK firms ups guidance around carbon capture and storage
The UK has issued its latest guidance for the carbon storage industry. The North Sea Transition Authority (NSTA) published two sets of guidance that should assist the nascent carbon storage industry prepare for first injection.
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CapPro newsProgress made with renewable installations but more work to be done
The rate at which renewable energy capacity is being installed is climbing rapidly. The world is set to add more renewable capacity in the next five years than has been installed since the first commercial renewable energy power plant was built more than 100 years ago. Nevertheless, more haste is required if 2030 targets are to be met.
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CapPro newsUSA to lead the charge in biofuel and SAF production
Biofuel production is set to surge as demand for the likes of renewable diesel and sustainable aviation fuel (SAF) rockets. Rystad Energy forecasts that biofuel production in the US will increase by about 53 percent by the middle of the next decade.