The European Commission has approved a €10 billion Italian scheme to support electricity production from renewable energy sources to help transition towards a net-zero economy.
The Japanese Government has announced that it is aiming for renewables to be its largest power source by 2040 in an attempt to reduce dependence on coal and gas and become carbon neutral by 2050.
Saudi Arabia and France have agreed to cooperate in generating hydrogen from renewable resources following a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman and French Minister for Energy Transition Agnes Pannier-Runacher.
NTPC of India and South Africa’s Eskom have signed an MOU to exchange knowledge and collaborate on R&D.
At COP29 in Baku, Azerbaijan, Egypt has signed two MOUs to develop 5.2 GW of renewable energy capacity in the country.
As the world’s second-largest user of offshore wind, the UK is at the forefront of renewable energy adoption, driven in part by its net-zero goals. However, while this shift offers significant opportunities for organisations in the sector, it also introduces hidden vulnerabilities. Small but critical solar and wind energy plants are increasingly at risk of cyberattacks, and a single attack could disrupt the entire UK energy grid. As reliance on these smaller renewable energy plants grows, the government, regulators, and energy companies must prioritise cybersecurity concerns to ensure energy security for the long-term.
By Phil Tonkin, Field CTO at Dragos
The Asian Development Bank (ADB) and the Government of Kazakhstan have signed an MOU regarding the early retirement of a coal-fired power plant in the country under the ADB’s Energy Transition Mechanism (ETM) programme.
Indonesia plans to tender opportunities for up to 75 GW of new renewable energy capacity over the next 15 years, according to Hashim Djojohadikusumo, Indonesia’s envoy to the COP29 climate summit.
The US Department of Agriculture (USDA) has awarded nearly $2.5 billion for Tri-State Generation and Transmission Association to retire 1.1 GW of existing coal-fired power plants and acquire about 1.3 GW of new renewable energy resources across the US states of Arizona, Colorado, New Mexico, and Wyoming.
Eurowind Energy has announced its intention to build projects that will add a total of 1 GW of power generation capacity over the next two years in Europe.