Japan's largest utility JERA has agreed to buy Belgium-based Parkwind offshore wind energy producer for 1.55 billion euros ($1.7 billion). JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric, joins Parkwind's four offshore wind farms in Belgium to JERA's offshore wind investments in Taiwan and the UK. Virya Energy, which agreed to sell Parkwind to JERA, will study the possibility of buying a minority stake in Parkwind's Belgian wind farm. The deal is due to close later this year, pending approval. JERA has also decided to sell its 44% stake in the Formosa 3 project on Taiwan's central western coast, while retaining its exposure to the Formosa 1 and 2 projects.

SJVN Green Energy Ltd has secured a 200 MW solar project in Maharashtra with an investment of Rs 1,000 crore. The project is expected to generate electricity of 455.52 mu in the first year and 10,480.82 mu after 25 years. It is expected to reduce 5,13,560 tonnes of carbon emissions by 2030 and contribute to the government's 500 GW of renewable energy capacity.

According to Global Energy Monitor (GEM), East Asia will remain the largest wind power producing region as project development plans will expand current installed wind power capacity by 65% by the end of 2030. Wind energy, the world's largest and fastest-growing renewable energy source, is expanding at record rates in every major economy as part of efforts to transition the global energy system away from fossil fuels and reduce harmful emissions. China will remain the largest producer of wind power and the largest developer of wind power installations, but South Korea, Japan and Taiwan will all outpace China in terms of growth rates through 2030. Europe will be the second largest developer of wind power over the remainder of the decade, increasing installed capacity 68% below current levels. Installed wind power capacity in the Americas, Europe, South Asia, Africa, and the Middle East will increase significantly, with the United States set to become the second largest wind power producer by 2030.

Brazil will more than triple its current capacity and jump to third place in the global ranking, while Canada and Mexico are also expected to see significant growth. India's installed wind power capacity will increase by 25%, but its world ranking will slip from 4th to 7th. The global target for wind power to account for more than 20% of global electricity generation by 2030 is on track.

Cambodian Prime Minister Hun Sen said on Tuesday that renewable energy currently accounts for 62% of the country's installed power capacity and is a good choice for the development of clean and green energy. Renewable energy refers to energy sources such as hydropower, solar energy and biomass, most of which come from hydroelectric dams. The Electricity Authority of Cambodia (EAC) reported that Cambodia's energy supply will rise to 4,495 MW in 2022, up 12.6% from 3,990 MW a year ago, with 98.27% of the country's 14,168 villages already connected to electricity.

Polish lawmakers have approved a new law easing rules for the installation of onshore wind turbines, a move urged by the European Union. The law allows turbines to be built no closer than 700 meters (765 yards) from houses, less restrictive than previous rules that required turbines to be 10 times taller. The vote was 231 to 209, with two abstentions. The new law gives local residents more say over where the turbines are located and lets them share in the energy generated, but critics say the liberalization is not enough and still limits the number of potential locations and the amount of electricity that can be drawn from the wind. The government has been supporting solar with subsidized solar panels for households and plans to build a major offshore wind farm in the Baltic Sea. Brussels wants Warsaw to hit some milestones before disbursing billions of euros in pandemic recovery funds, including improving Poland's rule of law record and easing rules for disciplinary judges.

Solar farms can take up a lot of space, but there is a solution to this scarcity: floating panels. In nearly a dozen countries around the world, floating solar farms are offering a welcome alternative to ground-mounted modules, with the potential to significantly boost clean energy as the world races to reduce carbon emissions. Large solar farms can now be found on the waters of China, South Korea, Japan, Thailand, Portugal, Singapore and Switzerland. Countries including India and Indonesia are developing such projects, and the world's largest man-made lake may also feature floating solar panels to supplement local hydroelectric power. The floating solar panels use the sun's rays to generate electricity, but the water on which these farms depend also helps cool the panels, making them 15 percent more efficient than ground-based solar energy. Floating solar can complement other renewable energy sources.
The Sirindhorn Dam in Thailand is a hydro-floating solar hybrid system that combines hydroelectric power and floating solar power to generate electricity in both sunny and cloudy days. Southeast Asian countries including China and South Korea have invested heavily in floating solar, and Europe is now its second-biggest market. As water constraints increase around the world, floating solar power may help maintain supplies and reduce the chances of harmful algal blooms. However, whether floating solar will negatively impact wildlife and water quality is unclear. The biggest barrier to adoption is cost, as floating solar systems require anchoring systems to lock them in place. Longi Green Energy Technology Co Ltd, one of the world's largest solar manufacturers, is sending panels into space to test the possibility of harnessing solar power in orbit.

Sterlite Power has commissioned the Lakadia-Vadodara Transmission Project Limited in Gujarat, which aims to transmit over 5,000 MW of renewable energy from Bhuj and Kutch to the national grid. The Rs 2,024 crore project will link the Lakadia substation with Vadodara through a 335km transmission line. It is an important part of the world's largest 30,000 MW hybrid renewable energy park to be completed in Kutch. Sterlite Power managing director Pratik Agarwal said the project will accelerate India's 500 GW renewable energy vision by 2030.

The Spanish government approved its first decision on Tuesday to develop wind farms in the country's coast, which is an important step towards the development of the offshore industry. The decree allows 5,000 square kilometers of maritime parks to develop sea wind parks in 19 sea. After five years of negotiations with other stakeholders of the maritime department, the designation of regional governments and powerful fishing and tourism industries will be limited to less than 0.5 % at sea popular activities, but each six censorship will be Limit in the offshore wind activities, but it will be limited to the maritime government and strong fishing and tourism industry, but will be limited to the maritime government and strong fishing and tourism industry per six censorship, but will be limited to the maritime field. However, it will be carried out for five years, but each six restrictions and six are divided, but each six censorship will be limited to the maritime government, but each six restrictions and six, but the year of review will be conducted. However, Alfonso Rueda, a conservative region leader in northwestern Caliusia, said that the government ignored Galicia's opinions on the matter and warned that if they endanger fish stocks, he It will not authorize any offshore wind field. Environmental Organization in Northeast Catalonia criticized the plan that built a marine wind farm around the Rose Bay near the French border, and they said they might occupy an area of 250 square kilometers. It is expected that Spain will announce the wind farm developed at the end of ten years this year, and Ferrovial will sign a memorandum of understanding with RWE, a renewable energy developer, to develop the offshore wind farm. A offshore capacity of more than 20 Gava was allowed in 2030.

Banks will finance 81 cents of every dollar spent on fossil fuels in 2021 to finance low-carbon energy supply, but they will need to scale up their commitments to meet the world's climate goals. Energy analyst BloombergNEF pooled data from 1,142 banks to assess whether banks are aligning their funding with the real economy and the 1.5-degree target. The bank funding ratio is lower than the 90-cent-to-dollar investment ratio in global energy supply, but the latter ratio has climbed in recent years from around 0.45:1 between 2011 and 2015. Funding ratios for individual banks vary, with RBC Canada at 0.4, JPMorgan at 0.7, BNP Paribas at 1.7 and Deutsche Bank at 2.2. The report's findings differ from another study published by the environmental group last month, which said the share of bank financing devoted to renewable energy had stagnated.

GreenLine Logistics, India's first and only LNG-fueled heavy truck logistics company, has deployed its first fleet of LNG trucks from Dalmia Cement (Bharat) Limited at its Chandrapur facility in Maharashtra. DCBL plans to convert 300 trucks to LNG by the end of FY24. GreenLine's LNG trucks reduce CO2 emissions by 28% compared to conventional diesel trucks, or 24 tons of CO2 per truck per year. In the initial fleet of 35 LNG trucks, a significant reduction in CO2 emissions of 840 tons per year can be achieved.
Dalmia Cement has partnered with GreenLine Logistics to invest Rs 250 crore to convert 10% of its existing truck fleet to LNG by March 2024. This will reduce sulfur oxide emissions by up to 100%, nitrogen oxide emissions by 59% and particulate matter emissions by up to 91%. Additionally, these LNG trucks will significantly reduce other hazardous emissions. Dalmia Cement follows the business philosophy of Clean & Green is Profitable and Sustainable and is committed to the goal of becoming carbon negative by 2040.

GreenLine Logistics, India's first and only LNG-fueled heavy truck logistics company, has deployed its first fleet of LNG trucks from Dalmia Cement (Bharat) Limited at its Chandrapur facility in Maharashtra. DCBL plans to convert 300 trucks to LNG by the end of FY24. GreenLine's LNG trucks reduce CO2 emissions by 28% compared to conventional diesel trucks, or 24 tons of CO2 per truck per year. In the initial fleet of 35 LNG trucks, a significant reduction in CO2 emissions of 840 tons per year can be achieved.
Dalmia Cement has partnered with GreenLine Logistics to invest Rs 250 crore to convert 10% of its existing truck fleet to LNG by March 2024. This will reduce sulfur oxide emissions by up to 100%, nitrogen oxide emissions by 59% and particulate matter emissions by up to 91%. Additionally, these LNG trucks will significantly reduce other hazardous emissions. Dalmia Cement follows the business philosophy of Clean & Green is Profitable and Sustainable and is committed to the goal of becoming carbon negative by 2040.

German Finance Minister Christian Lindner has expressed support for hydrogen in all colors as EU countries discuss hydrogen's potential role in decarbonizing the economy and reducing dependence on imported fossil fuels. The debate over whether to focus on hydrogen made using renewable energy or low-carbon hydrogen made using nuclear energy has delayed negotiations on new EU renewable energy targets and threatened multibillion-euro hydrogen pipelines. France, which relies heavily on nuclear power generation, is leading a campaign to boost nuclear energy's contribution to reducing carbon dioxide emissions, while Germany and Spain say it risks undercutting efforts to expand renewable energy on a large scale. Hydrogen produced from renewable sources is preferable in the long run, but in the short term, the EU needs to create a market structure that provides a reliable supply at an affordable price, Lindner said. The issue is not only divided across Europe, but also within Germany, which opposes nuclear energy.

Servokon, a manufacturer and supplier of power conditioning equipment and transformers, has ventured into the solar field. It will supply solar cells, inverters and panels to domestic customers and will also install a solar power generation system (SPGS). Asif Khan, Director of Procurement and Services at Servokon, said the company's move in the solar sector is in line with the Make in India initiative, which aims to promote the government's mission to build an energy independent India. Servokon's products include power and distribution transformers, servo regulators, rolling contact servo regulators, automatic voltage regulators, online UPS, HT AVRs, electrical panels, furnace transformers and pad mount transformers.

Vietnam may not have a legal framework to regulate offshore wind farms until next year, a delay that could deter billions of dollars in foreign investment in the industry. The World Bank Group estimates the industry could add at least $50 billion to its economy. Approval of a draft power development plan in December targeting 7 gigawatts of offshore wind capacity by 2030 has been repeatedly delayed. EU companies are pushing for rapid regulatory progress, but Vietnam is also keen to scrutinize Chinese investment for national security reasons. Some believe pilot projects can be approved quickly, even before legislation is passed, while others believe wind turbine makers are unlikely to review investment plans given Vietnam's geography and influence as a regional manufacturing powerhouse.

The U.S. Treasury Department will open applications on May 31 for $4 billion in new tax credits for advanced energy manufacturing and decarbonization projects, with $1.6 billion needed for communities impacted by the closure of coal mines or coal-fired power plants . To qualify for the first round, applicants must submit a "concept paper" to the Department of Energy by July 31. Treasury guidance for the program gave several examples of projects that might be eligible, including projects that capture or store carbon dioxide, produce hydrogen using zero- or low-emission energy sources, produce renewable biofuels and pure electric vehicles, and those vehicles and key materials for charging infrastructure. Additional low-income credits for wind and solar projects in low-income and disadvantaged "environmental justice" communities are limited to 1.8 gigawatts of gross generation per year, limited to 5 megawatts per project. The Ministry of Finance will allocate 200 MW of capacity for facilities located on Indian land and 200 MW for federally subsidized residential buildings.

Companies in Greece's fossil fuel industry are investing in green energy. Motor Oil and Public Power Corp. or PPC have formed a green hydrogen joint venture, Hellenic Petroleum has changed its name to HELLENiQ Energy to mark its entry into an era of sustainability, and DEPA Commercial is preparing a tender to select the company that will build its first solar power plant. DEPA Commercial intends to sell electricity, including gas and electricity, to Fysiko Aerio – Hellenic Energy Co. through bilateral power purchase agreements (PPAs). The plan is to have the solar farm come online in 2025. Hellenic Petroleum operates the largest solar power plant in Greece with an installed capacity of 205 MW, while PPC Renewables is building and developing large stand-alone photovoltaic plants. DePA Commercial has another 150 MW of photovoltaics in the project pipeline awaiting grid connection conditions.

Vestas, the world's largest wind turbine maker, reported its first annual loss in almost a decade as energy and raw material costs rose. Sales fell 7 percent to 14.5 billion euros, while the operating margin, excluding special items, was negative 8 percent. Vestas, which announced a profit warning last month because of delays and provisions for its turbo model in the fourth quarter, expects to be marginally profitable in 2023 on sales of $14 billion and an operating margin of 3%. Its shares were up 2.7 percent on the Copenhagen Stock Exchange in morning trade.

The European Union is nearing completion of its response to a multibillion-dollar U.S. climate subsidy plan that has sparked tensions with the bloc. French Economy Minister Bruno Le Maire and his German counterpart, Robert Habeck, will travel to Washington on Monday for talks on European concerns over the Inflation Reduction Act (IRA). European Commission President Ursula von der Leyen unveiled proposals to ease state aid rules on Wednesday, but no new EU funding will be forthcoming. The plans will be debated at a summit of EU heads of state and government in Brussels on Thursday and Friday, with a final decision expected in March. The IRA provides $370 billion in subsidies for America's energy transition, including tax breaks for American-made electric vehicles and batteries.

Europe is concerned about unfair competition and the collateral damage of companies moving out of the bloc. Harbeck said the U.S. is pushing to "reduce the cost of developing climate-friendly technologies," but the important thing is that it's friendly, fair competition.

Greenko Group has signed an agreement with Belgian manufacturer John Cockerill to produce alkaline electrolyzers for the Green Ammonia Plant in Una, Himachal Pradesh. The Una plant will install 28 5MW electrolyzers, bringing the hydrogen production capacity of the high-voltage alkaline electrolyzers to 140MW. The electrolyser order was executed within the framework of a strategic cooperation agreement signed in March 2022.

U.S. solar contract prices have soared by a third over the past year as developers struggle to secure imported panels. But wind energy prices have fallen slightly in recent months, thanks to major new federal subsidies. Since June, U.S. customs officials have seized hundreds of shipments of solar panels at U.S. ports, sending solar prices soaring.

The European Commission's plan to create a new EU fund for green industry is facing growing opposition. Seven EU countries publicly rejected the idea in a letter to the EU executive. The letter was signed by the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia and Slovakia. Germany, the Netherlands and Belgium also oppose any new joint EU borrowing.