Renewable Energy

Renewable Energy Categories

Lightsource BP to power historic Colorado steel mill with 240MW solar plant

September 30, 2019 | Renewable Energy, Solar, United States & Canada

London, UK | – Lightsource BP will build and operate a 240MW solar facility that will sell energy to Midwestern utility Xcel Energy to power operations at a historic Colorado steel mill for 20 years. The project partners, which count steel maker EVRAZ North America, are touting the project as the largest on-site solar facility dedicated to a single customer in the US. The US$250 million solar plant will be located on EVRAZ’s Rocky Mountain steel property in the central Coloradan city of Pueblo. The …

BP announces new $100m Upstream Emission Reduction fund

March 27, 2019 | Company Operations, Renewable Energy, Upstream

London, UK | – British multinational oil and gas company, BP plc today announced that it has established a new $100m fund for supporting projects that can deliver greenhouse gas emissions reductions from its Upstream oil and gas activities. Just days after reported suggested the company had controversially lobbied against US rules to curb upstream methane emissions, the oil giant said it was on track to meet its internal methane intensity targets and is now stepping up investment in pursuit of further emissions savings. The new Upstream …

Shell plans to enter UK offshore wind sector

February 22, 2019 | North Sea & Western Europe, Offshore, Wind

Shell New Energies VP says oil major may bid for leases or buy into projects London, UK | – Oil multinational giant Shell confirmed it plans to enter the UK offshore wind sector. Royal-Dutch Shell’s New Energies executive vice president Mark Gainsborough told Reuters the group “absolutely would like to get a position” in the UK market, either by bidding for a lease or buying a stake in an existing project. He told the financial news agency Shell would take an “active role” in a new …

BP to roll-out electric chargers widely over next 12 months in UK

October 05, 2018 | Company Operations, North Sea & Western Europe, Renewable Energy

London, UK | – Multinational energy giant BP Plc has said its customers in the UK can expect to access BP Chargemaster chargers rolling out at scale on forecourts over the next 12 months, on both company owned and dealer channels. David Newton, chief operating officer at BP Chargemaster, told delegates at this week’s Forecourt Trader Electric Track Day that the company’s aim was to manage the energy transition and changing customer demand by supporting opportunities for customers to reduce their emissions. “BP Chargemaster and …

Nigeria’s NNPC signs MoU to build biofuel plant

November 02, 2017 | Biofuels, Budget & Investment, Nigeria

Lagos, Nigeria | – Nigeria plans to build a 65 billion litres/year biofuel plant to boost supply of clean fuels in the country, state-owned Nigerian National Petroleum Corporation (NNPC), said Wednesday. NNPC signed a Memorandum of Understanding with the Southwest Ondo state government to build the project, which will use cassava as a feedstock. NNPC group managing director Maikanti Baru said the ethanol produced from the plant will be blended with gasoline produced locally or imported by the NNPC to lower the sulphur content in the fuel. …

Trump dismays, angers allies by abandoning global climate pact

June 02, 2017 | Health, Safety & Environment, Renewable Energy, United States & Canada

London, UK | – President Donald Trump on Thursday said he would withdraw the United States from the landmark 2015 global agreement to fight climate change, drawing anger and condemnation from world leaders and heads of industry. Trump, tapping into the “America First” message he used when he was elected president last year, said the Paris accord would undermine the U.S. economy, cost U.S. jobs, weaken American national sovereignty and put the country at a permanent disadvantage to the other countries of the world. “We’re …

Algeria to invite bids to build three solar power plants

April 07, 2017 | Algeria, Renewable Energy, Solar

Algiers, Algeria |  –  Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested, the energy ministry said. Algeria, a member of the Organization for the Petroleum Exporting Countries, (OPEC) has been exploring renewable energy as a way to meet growing demand for electricity, while also freeing up more natural gas for export. Energy Minister Nouredine Bouterfa said in a statement late on Thursday the ministry would …

Italy’s Enel Green Power signs PPA for 34MW PV project in Zambia

April 05, 2017 | Africa, Renewable Energy

London, UK | – Italian multinational renewable-energy corporation, Enel Green Power has signed a 25-year PPA with Zambia’s state-owned utility ZESCO for a 34MW PV project in the Lusaka South Multi-Facility Economic Zone in southern Zambia. Enel won the Ngonye project in June during the first round of the International Finance Corporation’s (IFC) Scaling Solar Programme in Zambia, notorious for its record-low tariffs. This is Enel’s first foray into Zambia’s renewable energy market, with the company investing around US$40 million in the construction of the …