Germany’s €23bn green experiment to save its industrial economy
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
By Bloomberg“Our country has, in addition to the advantages in the energy sources from gas and oil, significant potential in the field of solar energy, a vast electricity network, and national and international natural gas transport infrastructure, as well as an industrial fabric”, he said.
Shell Ventures principal Bilal Ahmad said he saw more opportunity in “clean energy than I see in oil and gas. As a venture fund, we’ve ceased investing in oil and gas. It doesn’t make sense, from a returns perspective.”
The government has said it is keen to establish – with Eskom, Treasury and the Department of Public Enterprises – a means to build new transmission infrastructure. This would allow more private sector participation in transmission, it said.
Zola is now operating in 12 countries, which Lenihan described as “enough markets for now”. The current priority is to build up relevance in the countries where it is now.
The Brunel Solar Team won in 2022, covering 3,780 km, just 10 km more than the runners up Agoria.
The statement noted that green ammonia produced domestically would reduce South Africa’s reliance on imports and the strain on its overburdened rail network.
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
Alongside offshore oil, gas, wind and hydrogen, the North Sea could play host to space-based solar collectors under plans proposed by a UK technology developer.
Construction work on BP’s (LON: BP) Arche utility-scale solar project is underway in Fulton County, Ohio.
The race to develop the next generation of super-efficient solar panels has just taken a huge step forward with the Swiss top-end technologies group Meyer Burger forging strategic partnerships designed to pave the way to commercialising perovskite-based systems.
China broke ground on an 80 billion yuan ($11 billion) renewables project in Inner Mongolia, part of a massive clean-power rollout to achieve the nation’s ambitious climate targets.
Daystar increased its installed capacity by 135% in 2022 to 44 MW.
Angus Council has approved plans for a 42MW solar farm on land near Montreathmont Moor Forest, which could provide power for up to 12,000 homes.
Eni has started producing power at a solar photovoltaic (PV) facility in Tunisia, connected up to the national grid.
South Africa has announced preferred bidders for Bid Window 6 and struck a number of power purchase agreements (PPAs) for Bid Window 5 projects.
TAQA and Adnoc have completed the acquisition of stakes in clean energy operator Masdar, coming in alongside Mubadala Holdings.
Total Eren and Chariot have agreed to build a solar photovoltaic (PV) project to supply power to the Karo platinum project in Zimbabwe.
AMEA Power has reached financial close on its plan to build 1 GW of renewable energy projects in Egypt, with a $1.1 billion investment.
The Energy Institute (EI) has announced the results of its annual thesis competition, commending Aberdeen’s best MSc students for work on solar monitoring, subsea engineering and wells.
South Africa’s Public Investment Corporation (PIC) has adopted a hydrogen investment strategy as it works to attract cash to the growing sector.
Members of the public have been invited to have their say on the first phase of plans for a £215m hydrogen scheme planned by BP and Aberdeen City Council.
Eni and Sonatrach have ceremonially laid the first stone for a 10 MW solar photovoltaic (PV) plant at Bir Rebaa North (BRN), in southeast Algeria.
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
Fertiglobe has begun commissioning the first phase of its Egypt Green hydrogen plant in a high-profile ceremony involving Egyptian President Abdel Fattah El-Sisi.
Saudi Arabia-based developer ACWA will build two floating solar PV projects in Indonesia after winning a deal from Indonesia state-owned electricity utility PLN.