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Estonia initiates designated spatial plan for connections of Gulf of Riga offshore farm

The spatial plan envisages connections from the Gulf of Riga offshore wind farm to the onshore grid in one or more locations. The area covered by the plan is more than 5,400 square kilometers, information made available by the government's communication office says. The location of the offshore wind farm has been previously set forth in the Parnu sea area spatial plan. The
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Will oil-friendly Manchin-Schumer bill complicate US Gulf wind build?

The UK is progressing The Innovation and Targeted Oil and Gas (INTOG) leasing round where, somewhat counterintuitively, floating wind is being used to decarbonise the oil and gas sector. Join key stakeholders: Oil and gas to offshore wind https://www.energyvoice.com/oilandgas/north-sea/432460/cerulean-ping-sign-deal-to-secure-floating-wind-for-avalon/
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Brazil's 2W Energia secures funds for part of 261-MW wind complex

The BRL-275-million (USD 52.8m/EUR 51.7m) loan was granted by Brazilian bank Banco do Nordeste do Brasil SA (BVMF:BNBR3), also known as BNB, to the special purpose entities (SPEs) Kairos Wind 2 Energia SA and Kairos Wind 6 Energia SA, 2W Energia said on Monday. The loan has a term of 24 years with a 24-month grace period for interest and principal, at a cost of the National
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South Africa's Eskom to resume power cuts after 11-day pause

Eskom said in a statement that there had been a delay returning several generation units to service, while others had broken down. The struggling state-owned company suspended scheduled electricity outages 11 days ago, following several weeks of regular power cuts that prompted public anger and hampered businesses. Eskom has an ageing power station fleet comprised mainly of
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Consumer is the King

A considerable shift in consumer behavior is necessary to combat climate change, and consumers can lead by example in this regard. As per a new Visa/YouGov survey, 66 percent of Asia Pacific consumers expect their banks to offer eco-friendly payment solutions, and more than half said they would switch banks to gain access to a product or service that helps them understand
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Climate endgame: Exploring catastrophic climate change scenarios

Scientist reveal they now have ample evidence that climate change could lead to worldwide societal collapse or even human extinction, even with modest levels of warming. 'There is ample evidence that climate change could become catastrophic. We could enter such “endgames” at even modest levels of warming'.
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ESG Initiative & Climate Change

The Carlyle Group, a global private equity investment firm, today announced the establishment of a decarbonization-linked financing programme, allowing borrowers to access cash with conditions based on their accomplishment of environmental objectives. In the US private credit market, the programme is among the pioneering ones. Borrowers will benefit from lower prices under the
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Equinor could keep Norway gas power plant amid risk of shortage

Norway, which relies almost exclusively on hydroelectric stations for power generation, has seen sharply lower reservoir levels in parts of the country this year following a dry winter and spring. National electricity grid operator Statnett earlier said Equinor should postpone the closure, which had been due by the end of August, until further notice. "We've been having an
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