South Korean steelmaker POSCO has unveiled plans to invest KRW121 trillion ($88 billion) by 2030, including KRW45 trillion ($35 billion) in the international market, in new emissions reduction projects.Of the total, KRW29 trillion ($21.2 billion) will be invested in environmentally friendly steel.... More

ADB has approved a $241.3 million loan to improve the distribution of power supply in seven districts in West Bengal, India.The West Bengal Distribution System Strengthening Program will replace low-tension overhead lines with aerial bundled cables, separate electricity feeders for agriculture and... More

The Philippine Department of Energy (DOE) has stated that at least 105 renewable energy projects face potential termination due to non-compliance with project timelines.The majority of these contracts were awarded in 2017 and 2019. Out of the 105 projects, 88 were either delayed in their... More

France's energy ministry is gearing up to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25.The ministry has identified several locations for the projects, including offshore Fecamp in northwest France, offshore Brittany,... More

Global IME Bank Limited (GIBL) and Prime Power Limited have signed a MoU for financing of a 30MW capacity solar power project in Kapilvastu district, Nepal.Prime Power has already entered into an agreement with the Nepal Electricity Authority (NEA) for the sale of electricity generated from the... More

The UK will move ahead with changes to the contracts for difference (CfD) scheme ahead of the upcoming Allocation Round 7, following the response to its consultation.Amongst the changes to AR7 are plans to extend the phased CfD policy, currently available for fixed-based offshore wind projects, to... More

Wave energy technology company CorPower Ocean has secured €32 million ($34.6 million) following the first close of its Series B funding round.The round was led by NordicNinja VC, SEB Greentech and InnoEnergy and also includes Santander Asset Management, Iberis Capital and Cisco Investments.... More

Ardian and Rockfield have launched a long-term, strategic partnership to invest in Purpose-Built Student Accommodation (PBSA) assets across Continental Europe. CBRE Investment Management will act as a founding investor with an initial equity commitment of €500 million through its Indirect... More

Statkraft has submitted a planning application to the Swedish authorities for the 2.1GW Baltic Offshore Delta North offshore wind farm in the Baltic Sea.The proposed 105-turbine farm is planned for Sweden’s economic zone, 100km east of Stockholm and 55km east of Sandhamn Island. The area has... More

Community Offshore Wind, a joint venture of RWE and National Grid Ventures, has submitted its full proposal to provide up to 2.8GW of offshore wind for New York State.If approved, the project would be built in two phases in the developer’s federal offshore wind lease area in the New York... More