The European Union is shying away from further measures to protect its embattled clean-tech industry from cheap Chinese imports over concerns it could make it harder to source key components and raise the cost of the green transition.
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
The European Union’s executive arm is set to recommend a 90% net reduction of greenhouse gases by 2040, a target backed by climate scientists and criticized by the industry in the face of high energy prices and growing international rivalry in clean technologies.
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
The European Union should take steps to stop the waste of solar energy and limit negative pricing in order to encourage investment, according to renewable energy groups.
Equinor is continuing to expand its floating offshore wind operations with plans to roll out the technology in France.
Namibia and Guyana-focused explorer Eco Atlantic has announced a move into renewables, in southern Europe.
Equinor has announced plans to broaden its renewables offering by piloting a floating offshore solar plant off the Norwegian coast.
Total has picked up 67 megawatt-peak of solar projects as part of the French Energy Regulatory Commission’s (CRE) eighth call for tenders.