Economic Times : Renewable Energy News

1. G7 far from meeting 2030 renewable energy tripling target: Report

   "Tripling renewable energy capacity by 2030 is the largest single action this decade to cut emissions and keep the 1.5C goal within reach. Currently, the G7 commitments will only achieve a doubling," the report said.

2. Miner Anglo American rejects BHP's $38.8 billion takeover bid

   "The board has considered the proposal with its advisers and concluded that the proposal significantly undervalues Anglo American and its future prospects," the London-listed company said in a statement.

3. Native American tribes want US appeals court to weigh in on $10B SunZia energy transmission project

   SunZia is among the projects that supporters say will bolster President Joe Biden's agenda for cutting greenhouse gas emissions.

4. ESG fund managers in US see worst quarterly outflows

   Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar.

5. Gusts of activity underway by friends and foes of offshore wind energy projects

   Eight Jersey Shore beach towns wrote to state utility regulators Wednesday, saying one wind farm proposal will be vastly more expensive than projected, and it will cost tourism-driven jobs and economic activity.

6. Clean energy drives massive BHP takeover bid

   A ready conductor of heat and electricity, copper has long been used in wiring, piping, industrial machinery and roofing.

7. G7 falling short of renewable energy capacity tripling goal: Think-tank

   At the UN's COP28 climate change conference in December, world leaders, including all G7 members, reached a historic agreement to triple global renewable energy capacity by 2030.

8. EU lawmakers back law to boost domestic clean tech production

   The act is a centrepiece of the EU's push to ensure it is not only a global leader in cutting greenhouse gas emissions, but also in manufacturing the clean tech required.

9. Morocco tenders for 400 MW wind farm

   The tender for the wind farm, known as Nassim Nord, asks developers to submit pre-qualification bids by June 24 to finance, build and operate the wind park.

10. Moving Forward on the Journey to Sustainable Energy Transition

    The energy transition is the paradigm shift, largely triggered as a path of decarbonization journey and sustainable goals of various governments.

11. REC avails SACE-covered green loan for over JPY60.5 billion

    The green loan facility sets a benchmark in the Indian public sector landscape, for similar green financing transactions, highlighting a growing commitment to sustainable financing.

12. India remains 'one of the most challenging' major economies in IP protection and enforcement: US

    USTR removed the Dominican Republic from the Watch List this year. The "Special 301" Report is an annual review of the global state of IP protection and enforcement.

13. Ohmium partners with Tata Projects to advance green hydrogen initiatives in India

    Ohmium will provide PEM electrolyzers while Tata Projects will manage the entire EPC process, including engineering, design, integration, and optimization. This collaborative approach works to ensure seamless project execution and deliver a comprehensive and cost-effective solution for green hydrogen production in India, the company said.

14. GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results

    GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification.

15. SJVN inaugurates India's first multi-purpose green hydrogen pilot project in Himachal Pradesh

    The project, inaugurated by SJVN’s Chairperson and Managing Director Geeta Kapur, on April 24, 2024, is set to produce green hydrogen for both electricity generation and industrial applications.