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Spain calls on EU to provide financial guarantees for long-term PPA
News

Spain calls on EU to provide financial guarantees for long-term PPA

According to eldiario.es, a Spanish online newspaper, the Spanish government has asked the European Investment Bank (EIB) to give financial guarantees for long-term fixed-price renewable energy supply contracts, known as Power Purchase Agreements (PPAs).
February 15, 2022
Old carbon credits preferred by companies threaten climate pledges, experts warn
News

Old carbon credits preferred by companies threaten climate pledges, experts warn

According to a new analysis published by Nikkei, one of the world’s largest financial newspaper, nearly 40% of carbon credits acquired by firms are more than five years old, which might threaten progress on reducing greenhouse gas emissions.
February 14, 2022
Scotiabank and Evolugen ink 15-year solar power purchase agreement in Alberta
News

Scotiabank and Evolugen ink 15-year solar power purchase agreement in Alberta

Scotiabank announced the signing of a 15-year renewable energy power purchase agreement with Evolugen, the Canadian renewable energy company, for solar energy in Alberta from a new, to-be-constructed 40 MW project.
February 14, 2022
Long-term PPA deal may be squeezed by high energy price, Pexapark says
News

Long-term PPA deal may be squeezed by high energy price, Pexapark says

Pexapark, a Swiss PPA advisory, published a new report on Thursday stating that the energy price volatility observed at the end of 2021 will have a long-term impact on the green energy power purchase agreement (PPA) market, including a drop in long-term c
February 11, 2022
Key EU lawmaker seeks tougher rules for carbon price mechanism
News

Key EU lawmaker seeks tougher rules for carbon price mechanism

Peter Liese, a German Christian Democrat and member of European Parliament, is pushing for stricter controls to refrain the bloc’s carbon prices from growing too quickly. Following his remarks, the benchmark December 2022 contract was traded at 91.54 euro
February 10, 2022
Corporate clean energy purchases hit record in 2021, says BNEF
News

Corporate clean energy purchases hit record in 2021, says BNEF

According to Bloomberg New Energy Finance, global corporations purchased 31.1 GW of clean energy through power purchase agreements in 2021, reaching new record high. Purchases are up roughly 24% from the previous record year of 25.1 GW in 2020.
February 10, 2022
World’s largest companies fall far short of net-zero, climate group says
News

World’s largest companies fall far short of net-zero, climate group says

According to a study conducted by NewClimate Institute, some of the world's largest corporations are failing to live up to claims that they will achieve net-zero emissions targets, reducing carbon emissions by only 40% rather than the projected 100%. Amaz
February 09, 2022
The 10% wealthiest population is key to reach net zero, expert suggests
News

The 10% wealthiest population is key to reach net zero, expert suggests

To mitigate the climate crisis, limit carbon footprint has become a primary mission for the globe. According to a study, wealthy people’s carbon footprints is gradually increasing, accounted for a larger proportion of global emissions.
February 09, 2022
Element Critical inks PPA with NextEra Energy in Texas
News

Element Critical inks PPA with NextEra Energy in Texas

Element Critical, a leading provider of data center solutions, has inked a power purchase agreement with NextEra Energy Resources, making its Houston and Austin co-location data centers powered by 100% renewable energy.
February 09, 2022
EU carbon price hits record high, nearing 100 euros per tonne
News

EU carbon price hits record high, nearing 100 euros per tonne

On Friday, European Union's carbon permit price hit a new high, closing at above 96 euros, with analysts predicting that the landmark 100-euro mark will be reached soon.
February 08, 2022
Nord Pool to pilot hourly matching of renewables in UK
News

Nord Pool to pilot hourly matching of renewables in UK

To support renewable energy matching, energy exchange Nord Pool and start-up Granular plan to launch an auction system for hourly guarantees of origin (GOs) transaction in the third quarter, as part of a pilot project for establishing 24/7 renewable energ
February 08, 2022
Low-cost artificial leaf captures 100 times more carbon than other systems
News

Low-cost artificial leaf captures 100 times more carbon than other systems

Engineers at the University of Illinois Chicago have developed a low-cost artificial leaf that can capture carbon dioxide 100 times more efficiently than current systems. This artificial leaf works in the real environment, unlike other carbon capture syst
January 28, 2022
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