First Hydrogen is looking to develop a green hydrogen generation infrastructure in the form of a ‘hydrogen village’. The announcement helps illustrate both the opportunities arising out of the UK’s hydrogen strategy, but also the real-world challenges that lie ahead.
By Nick Smee, Partner, Browne Jacobson
Egypt and the EU have held a meeting to discuss cooperation in the fields of energy, climate change, environment, and green transformation.
The European Commission has announced the REPowerEU plan, aimed at rapidly reducing dependence on Russian fossil fuels and speeding up the green energy transition.
Shell has announced that it plans to acquire Sprng Energy for $1.55 billion, a renewable energy company in India owned by the investment firm Actis.
Research by the consultancy firm McKinsey & Company says that the energy transition is accelerating, with the share of renewables in global power generation expected to double over the next 15 years, and fossil fuel demand projected to peak before 2030.
UAE-based renewable energy company Masdar and Kyrgyzstan’s Ministry of Energy have signed an MOU to explore up to 1 GW of renewable energy opportunities in Kyrgyzstan.
The International Renewable Energy Agency (IRENA) announced in its annual statistical report that renewables accounted for 38.3 per cent of global electricity generation capacity at the end of 2021, reaching 3.06 TW.
US utility Georgia Power is seeking approval to add 2.3 GW of renewable energy capacity in 2022 as part of a wider plan to expand its renewable capacity to 11.5 GW by 2035.
The Brazil government said that the country’s power generation capacity will increase by 37 per cent from 200 GW to 275 GW over the next 10 years.
Tokyo Gas and the Danish energy company EWII have agreed to jointly develop 1 GW of renewable energy capacity in the Nordic region by 2030.