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Global EV sales heading for record 16.7 million sales in 2024, despite reports of slowdown
In a presentation at the BloombergNEF Summit in London and a subsequent analysis published on Tuesday, BNEF analysts say EV sales are heading towards 16.7 million units in 2024, up from 13.9 million in 2023 and in line with the firm’s forecast at the start of the year.
Hydropower projects gain ground amid global power generation construction boom
Hydropower projects are surging globally as part of an estimated $7.8 trillion investment pipeline in power generation construction, according to a recent GlobalData report. With an increasing global commitment to renewable energy sources, hydroelectric projects now represent nearly 15% of the total project pipeline, valued at $1.14 trillion.
Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
ORA recently announced that it has agreed to sign an Engineering, Procurement and Construction (EPC) contract with Contact Energy, involving geothermal energy. This contract, valued at $200 million, entails the development of the 101-megawatt (MW) Te Mihi Stage 2 geothermal power plant in New Zealand.
Glasgow council calls for more funding to meet £36 billion net zero target
Glasgow needs more funding to tackle climate change with investment of £36 billion required as a report shows the city is looking likely to miss a 2030 net zero target. Two sets of actions have been laid out to help the city reach the green milestone with one option costing £23.5 billion bringing a 40 per cent shortfall in the reduction of carbon emissions by 2030.
UK achieves first large scale clean hydrogen with carbon capture
The UK has taken a step forward in green energy, becoming the first country to produce hydrogen at scale while capturing carbon emissions. Led by the Biorenewables Development Centre at the University of York, the H2Boost project aims to support the UK’s climate targets by providing a sustainable energy alternative.
Siemens Gamesa Wins $1.3 Billion Wind Turbine Order
ScottishPower has awarded a turbine contract worth more than £1 billion for its East Anglia TWO offshore windfarm just weeks after renewables auction success. The agreement will see Siemens Gamesa supply 64 of its SG 14-236 DD offshore wind turbines, which have a rotor diameter of 236 metres, used for what is ScottishPower’s third offshore wind project in the southern North Sea.
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