Vistra has announced that it will spend $1.15 billion on solar and storage projects in California and Texas, USA by 2022 and retire 6.8 GW of coal assets by 2027.
GE has announced that it intends to exit the new build coal power market, subject to applicable consultation requirements.
The South African cabinet has approved a goal to reduce greenhouse gas emissions to net zero by 2050, while still planning to build 1000 MW of new coal-fired capacity by 2030.
The Australian Government has announced its support for a new gas-fired power plant in Hunter Valley, New South Wales, to replace the ageing Liddell coal-fired power station.
The Greek Government has announced plans to invest €5 billion in phasing out coal-fired power generation by 2028.
Power sector emissions in Germany reached their highest level last month since before the onset of Covid-19, as lower renewable output and increased cooling demand from a heatwave boosted output from thermal power plants.
According to results from Global Energy Monitor (GEM), the world’s fleet of coal-fired power stations has got smaller for the first time on record, with more capacity retired in the first 6 months of 2020 than the amount opened.
The Competition Commission of India (CCI) has given approval to Adani Power’s proposed purchase of a 49 per cent stake in Odisha Power Generation Corporation (OPGC) for $135 million.
Renewable sources have overtaken coal, oil, and gas in EU electricity generation, according to analysis from Ember, a climate think-tank.
Japan has said that it will tighten its rules on investment in foreign coal-fired power stations on environmental grounds, but it stopped short of completely ending government funding for such projects.