In an information-rich article by its Dubai-based reporter, Rory Jones, The Wall Street Journal said the UAE is “emerging as one of the world’s biggest state financiers of clean energy, seeking to become as influential in renewables as it currently is in oil and gas.” The paper shed specific light on the fact that while the UAE lays focus on renewables, the country “also remains a major investor in traditional oil and gas.
Mayor Sadiq Khan is aiming for London to be net zero carbon by 2030 and has said TfL will procure 100% renewable energy by then. The transport authority is seeking a power purchase agreement for 150 to 200 gigawatt hours a year, equivalent to just over 10% of its electricity use in its 2020-21 financial year.
Sydney-based renewables outfit Energy Estate has revealed plans to launch a $500 million-plus capital raise to accelerate the roll-out of its development pipeline, which includes large-scale solar PV and wind, green hydrogen and pumped hydro projects. Since its formation in 2018, Energy Estate has announced plans to co-develop more than 30 GW of large-scale projects, including solar PV, long-duration energy storage, wind, and hydrogen production.