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.
Türkiye is aiming to boost the share of renewable energy in its generation of electricity to 47.8 per cent by 2025 according to a report by the Anadolu Agency.
Ian Sykes, Energy, Utilities, and Commodities Client Principal at BJSS, discusses the new government’s approach to energy usage transparency in the UK’s energy market and how advanced metering infrastructure, data analytics, and digital twin technology can help customers and providers alike save costs and increase efficiencies.
Michael Shanks, Britain’s Energy Minister, has said that developers of renewable energy storage projects, such as pumped hydro, will be offered a guaranteed minimum income to spur investment in technologies that help the country meet its climate targets.
The Just Energy Transition Partnership (JTP), a G7-backed funding initiative to help developing nations cut carbon emissions has hit a number of snags around the world.