News

Enbridge, EDF, wpd start the construction of the 448 MW Calvados offshore wind farm

EDF Renewables, a subsidiary of the EDF Group, EIH SARL, a subsidiary of Enbridge Inc., and wpd, a European renewable energy company, announced the launch of construction activity of the 448 MW Calvados offshore wind farm. The construction started post the finalization of financing agreements between the consortium and its financial partners. The total project cost is estimated at around two billion euros.

Interviews

There is a need for a strong offshore wind supply chain: Ocean Winds’ Daniel Finch

Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.

Opinion & Perspective

Project Collaboration Key To Polish Offshore Wind Sector Ambitions

Offshore wind is poised to play a large role in the Polish power sector. We currently forecast an additional 5.4GW of wind capacity to come online between 2021 and 2030 taking the sectors share of total generation to 15% by the end of the decade. This includes an additional but conservative 1.5GW of offshore wind capacity with a considerable upside risk mounting due to support for the sector and a growing project pipeline.

Mega Trends & Analysis

IEA: India is on ‘cusp of a solar-powered revolution’

The IEA’s India Energy Outlook 2021 finds that the energy demand of the world’s third-largest emitter will expand more than any other nation over the next two decades, edging out the EU to make it the third largest consumer. Under existing policies, India’s emissions are also expected to grow by 50% during this period, offsetting all the cuts in European emissions. Even then, its per-capita emissions will still be “well below” the global average, the IEA says, given that India has the world’s second largest populace.

Policy Watch

Green Mobility: Achieving carbon neutrality through transport in the Middle East by 2030

The countries in the Middle East are making concrete efforts to introduce policies to promote sustainable transport. Qatar and the United Arab Emirates (UAE) are making notable efforts towards green mobility, while Saudi Arabia has announced its intention to build a zero-carbon city as part of its NEOM project. Autonomous vehicles (AVs) are also on the agenda to explore more future-forward transportation.

Tech Talk

Transitioning towards renewable methanol to reduce carbon emissions

A transition to renewable methanol could expand methanol’s use as a chemical feedstock and fuel while moving industrial and transport sectors toward net carbon neutral goals. The cost of renewable methanol production is currently high and production volumes are low. But with the right policies, renewable methanol could be cost competitive by 2050 or earlier.

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Webinars & Videos

Korea’s renewable energy market landscape

Renewable energy poses one of the largest investments and development opportunities in Asia in the next ten years. In Korea, the market is especially focused on diversifying and expanding its energy sources to include solar, wind power and hydrogen. The Korean Ministry of Trade, Industry and Energy recently announced they will target 30-35 per cent of their entire energy network to come from renewables sources by 2040 – up from just eight per cent today.

Knowledge Centre

Finance

The potential for scaling climate finance in China

China accounts for nearly a third of the global total. Based on its current trajectory, China’s emissions are expected to increase further by 7%-15% by 2030 above 2015 levels, which would more than offset the global decreasing trend. To ensure that China meets its own goals for advancing an ecological society, as well as its stated commitments to the Paris Agreement, climate and green finance needs to mobilize at an unprecedented scale.

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