Rezolv, a Romanian energy developer, will begin construction of the largest solar park in Europe this summer
Alastair Hammond, the Chief executive of Rezolv, said that they aim to increase their renewable energy portfolio from 2.3 GW to 4 or 5 Gigawatts in Central and Southeast Europe by 2030. The company plans to start construction on a 1GW solar project, expected to be completed in 2028, in western Romania in the late summer. Rezolv is a renewable energy project developer and operator that operates in Central and Southeastern Europe. The portfolio includes 2.3 GW of solar and wind assets located in Romania and Bulgaria that are either in operation…
The drought in the US West pits towns and industry against farms as they compete for water
In Arizona, dead fish are found in the bed of a dry reservoir. A small Utah town in the north could run out water within months. In Colorado, a rancher sold a fifth herd because stock ponds were empty. The Colorado River system is a link between the?communities, supplying water to 40?million residents?across 7 Western states and Mexico. It also irrigates millions acres of farmland. The Colorado River system has been a major source of water shortages in the basin for decades.
Bangladesh solar incentives may not be for smaller consumers
According to the National Board of Revenue, these measures were introduced on July 1, in the 'latest national budget.' They include the removal of customs duties on?solar?equipment, and the exemption of solar-power suppliers and producers from paying taxes on income derived from?solar?energy. The National Board of Revenue has announced that institutions using solar energy will receive a tax credit amounting to 5% on their electricity bill over the next 5 years.
Bangladesh solar incentives may not be for smaller consumers
According to the National Board of Revenue, these measures were introduced on July 1, in the 'latest national budget.' They include the removal of customs duties on?solar?equipment, and the exemption of solar-power suppliers and producers from paying taxes on income derived from?solar?energy. The National Board of Revenue has announced that institutions using solar energy will receive a tax credit amounting to 5% on their electricity bill over the next 5 years.
Trump's cuts in clean energy projects are linked to $83 Billion in cancelled or delayed projects
According to a report published on Tuesday by the labor and environmental coalition BlueGreen Alliance, policies of the Trump administration that reduced federal support for clean energy have resulted in the cancellation or deferral of $83 billion worth of investment across hundreds of projects. On Tuesday, labor leaders and Senate Democrats met to discuss the clean-energy workforce. The analysis revealed that 223 projects in manufacturing and clean energy…
Trump's clean energy policies are linked to $83 Billion in cancelled or delayed projects
According to a report released on Tuesday by the labor and environmental group BlueGreen Alliance, Trump administration policies have led to the cancellation of or delays of $83 billion worth of investment across hundreds of projects. The report was released as U.S. Senators and labor leaders prepare to meet on Tuesday, to discuss the clean-energy workforce. The analysis revealed that during Donald Trump's second term, 223 manufacturing projects and clean energy projects worth $82.9 billion and 111 765 jobs were stalled or canceled.
Industry warns that EU restrictions on Chinese components could halt the rollout of renewables in developing countries.
Companies and investors have warned that a ban on EU funding of Chinese-made inverters, a key component for clean energy projects, could slow or stop the rollout solar and wind power projects in countries with lower incomes who rely heavily on public funds. The European Union wants to be more independent in certain strategic industries, but it is still heavily dependent on Chinese suppliers for technology that is crucial to the green transformation of the bloc.
Industry warns that EU restrictions on Chinese components could halt the rollout of renewables in developing countries.
Companies and investors have warned that a ban on EU funding of Chinese-made inverters, a key component for clean energy projects, could slow or stop the rollout solar and wind power projects in countries with lower incomes who rely heavily on public funds. The European Union wants to be more independent in certain strategic industries, but it is still heavily dependent on Chinese suppliers for technology that is crucial to the green transformation of the bloc.
Britain eliminates the requirement for planning consultation to accelerate major infrastructure projects
The British government announced on Thursday that it will remove the mandatory requirement of a 'pre-application consultation' for major infrastructure projects by the end of this month. This planning reform, according to the government, would cut a 'approval timeframe down by up to 12 months. The Labour government of Prime Minister Keir Starmer has placed planning reform at the heart of its plan to boost economic development. It claims…
China Resources New Energy shares have tripled in value after the largest IPO in Asia for 2026
China Resources New Energy's share price almost tripled on its Shenzhen debut Thursday after the wind and solar energy company raised $24.5 billion ($3.61 billion), Asia's largest initial public offering this year. The IPO price was 10.11 yuan. The stock surged up to 198%, which triggered a short trading suspension. The debut is a test to see if mainland listings can attract large numbers of investors and if they can?return household savings to the stock exchange after a slowdown in IPOs.
China Resources New Energy will debut on July 2, the biggest IPO in Asia this year.
China Resources New Energy is set to begin trading in Shenzhen, China on July 2, after an initial public offer that could raise as much as 24.5 billion yuan (3.6 billion dollars). This will be the largest IPO ever for Shenzhen and Asia. China's stock exchange has just witnessed a?blockbuster deal that tests the appetite of investors for clean energy. Beijing is targeting half its electricity to come from non-fossil fuels by 2030. Power producers are also facing falling power prices and grid limitations, as well as heavy competition.
Sources say that the US is working on a ban against Chinese energy inverters.
Five?people familiar with the situation' say that the Trump administration is working on a ban of imports of foreign inverters which connect solar panels and batteries to the power grid. They are concerned China may use them to disrupt the supply of electricity. Sources say that the rule?being drafted? by the U.S. Federal Communications Commission could be published this year and would apply to 'new foreign' inverter models. Five sources…
Report: US wind and solar investments could be threatened by $121 billion of stalled permits.
A report released on Monday found that Trump administration policies 'that have stalled permits of renewable energy projects' are putting $121 billion in investment at risk, and slowing the development of 'wind, solar, and storage.capacity required to meet increasing?power demand. Wood Mackenzie's findings highlighted the tension between President Donald Trump’s desire to fast-track energy infrastructure in order to support artificial intelligence and his opposition to renewable energies.
Report: US wind and solar investments could be threatened by $121 billion in stalled permits
A report released on Monday found that Trump administration policies have slowed permits for renewable energy project, putting $121 billion in investment at risk. Wood Mackenzie, a research firm in energy, found that President Donald Trump was torn between his desire to accelerate energy infrastructure for artificial intelligence and his opposition to the renewable energy. The report stated that it examined early-stage projects worth $121 billion which?faced investment risks due delays.
Projects are rushed as prices soar due to the Trump Clean Energy Tax Credit Cutoff
Solar developers in the United States have secured federal subsidies to help them build a large number of solar projects that will nearly double their current capacity. They are rushing to beat a deadline on July 4, which could cause a sharp increase in renewable power costs. The projections show the loss of 'valuable renewable energy credits worth at least 30 percent of project costs. This change threatens to increase U.S. electricity prices due to artificial intelligence-driven demand.
Solar Manufacturing Group seeks US Trade Probe of Korea Cell Imports
According to a petition seen, three solar panel manufacturers urged U.S. officials to investigate imports of cells from South Korea, claiming that producers such as Hanwha’s?Qcells were using them to evade U.S. tariffs for Chinese products. Canadian Solar, SEG, and Heliene all have solar panel factories in the United States. The group American Manufacturers for Energy Resilience is seeking an anti-circumvention investigation into South Korean solar cell imports.
Swedish and Dutch fans celebrate before World Cup clash
Two heavyweight fan groups are bringing the heat in Houston to a halt as they prepare for the World Cup Group F match between Sweden and Netherlands. A maypole was planted in a hotel courtyard, and fans wore flower crowns while DJ music played in the background. Andreas Richt is the head of the Swedish supporters' group who organised the event. Sweden will be aiming to regain their confidence after a disappointing draw against Japan. The latest action, however, is underway for many fans.
China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO
A filing on Thursday showed that China Resources New Energy has set its price for Shenzhen's IPO at 10.11 Yuan per share. This could raise as much as $24.5 billion ($3.6 billion), if the option to sell more shares is used. China Resources Power's renewable unit will raise 21,30 billion yuan, but if demand is high it can exercise a greenshoe option and sell additional shares. This would fall short of the original target of 24.5 billion dollars. The sale would meet the original target if the greenshoe option were used.
China's fossil fuelled power continues to rise in May despite weak wind output
Data from the'statistics bureau' showed that China's fossil fuelled power generation, which is mainly derived?from coal, but also includes a small amount of natural gas, increased by 2.1% from a year ago in May, as wind speeds decreased. The National Bureau of Statistics reported that fossil-fueled or thermal power grew 3.4% in the first five month of the year. The increase in the?volumes of hydropower, which increased 13% compared to a year ago in May…
China is'strongly unhappy' about the Pentagon's move against top Chinese technology firms
China is "strongly disappointed" by the U.S. decision to add several large Chinese firms to the Pentagon list of companies it claims are aiding China’s military, said Saturday's commerce ministry. The Foreign Ministry has also expressed concerns about the U.S. Defense Department updating its long-awaited list on Monday. This included top technology names such as ecommerce giant Alibaba, internet search provider Baidu, and automakers BYD, and NIO.
China Resources New Energy Plans $3.6 Billion Shenzhen IPO
China Resources New Energy (the'renewable energy division' of?China Resources Power) plans to raise approximately 24.5 billion Yuan ($3.62billion) through a Shenzhen Initial Public Offering, according to the prospectus it filed on Thursday. The company operates photovoltaic and wind farms in China, and is the group's primary renewable energy platform. According to the filing, price consultations will start on June 16 and subscriptions are scheduled to open on June 22.
