The Global Offshore Wind Alliance (GOWA) was established by the International Renewable Energy Agency (IRENA), Denmark and the Global Wind Energy Council. GOWA aims to reach a total installed capacity of 380GW by the end of the century. Germany is the third largest producer of offshore wind power in the world, according to Jennifer Lee Morgan, Germany's climate envoy.
British Prime Minister Rishi Sunak has declared that it is time for faster action on climate change. In his speech at the COP27 summit, he pledged £11.6bn as the country's commitment to the climate fund. The Indian-origin leader noted that green energy investments are "an excellent source of new jobs and growth". He pledged to build on the "space of hope" created during the UK's presidency of Scotland's COP26 last November. British Prime Minister Manmohan Singh announced at the COP21 summit in Egypt that Britain would triple its funding for adaptation to £1.5 billion by 2025.
Sunak called on countries to honour the commitments made in Glasgow to direct public and private funding to protect the planet. "There is definitely room for hope," he noted.
Evonik receives approximately 100 megawatts (MW) of electricity annually from the EnBW offshore wind farm. The German chemicals maker said it would start getting its share of electricity from the 900-megawatt He Dreiht wind farm in the North Sea from 2026. Its larger peer BASF agreed last year to pay about 300 million euros for a 49.5 percent stake in one of them. North Sea wind farm in Vattenfall.
Evonik receives approximately 100 megawatts (MW) of electricity annually from the EnBW offshore wind farm. The German chemicals maker said it will receive its share of electricity from the 900-megawatt He Dreiht wind farm in the North Sea from 2026. Its larger peer BASF agreed last year to pay around 300 million euros for a 49.5 percent stake in Vattenfall. North Sea wind farm.
Power projects will receive higher utilization rates and tariffs, and clear dues in a timely manner. The Indian government has simplified the rules governing the Open Access (OA) framework governing electricity purchases and sales. Regulatory uncertainty prevents C&I customers from using OA to purchase electricity for mid- to long-term contracts.
The goal of the Accelerating Clean Energy Partnership is to distribute 100 GW of clean energy globally by 2035. The two countries will also invest in managing harmful emissions such as carbon and methane, as well as developing nuclear technology. The news comes just days before world leaders convene the UN COP27 climate summit in Egypt.