06/14/2023
Global geopolitics has been in flux not only since Russia's invasion of Ukraine. China has long since established itself as a strong power in the East and is increasingly pushing its way to center stage worldwide. Middle Eastern oil powers are also trying to buy influence with their money. The so-called middle powers and smaller states now have an even greater choice with whom they want to do business. So does Kazakhstan - with a geographically delicate situation.
'Future demand' includes enabling the delivery of multiple priorities including net zero and nature recovery, as well as the enhanced co-ordination of future activities out to 2050. The work is a response to growing demands on the finite resources of the seabed which supports an extraordinary number of livelihoods, natural habitats and industries, becoming increasingly crowded in recent years.
The International Renewable Energy Agency and Global Renewables Alliance signed an MoU today to work together towards a rapid, sustainable, affordable and inclusive energy transition. The world needs renewables now and policymakers must have a clear-eyed focus on delivering them – this partnership will help ensure that happens. IRENA’s target of 1 TW of new renewable capacity annually to 2030 will guide ambition for this work.
“The continued war initiated by Russia’s invasion of Ukraine and the challenges with inflation and cost of living are putting a damper on absolutely necessary energy transition measures,” warns Equinor.
Today’s Global Wind Day puts offshore and onshore wind in the spotlight – key to creating a green energy system / RWE is investing massively in the expansion of wind energy as part of its Growing Green strategy to support the energy transition / As one of the world’s leading renewables energy companies, RWE is forging ahead on the expansion of wind energy with a strong focus on sustainability and innovations
Investing while keeping in mind environmental, social and governance factors is becoming increasingly challenging in the US, with as many as 15 states enacting anti-ESG laws and over a dozen planning similar moves.
Archirodon through strategic partnerships with RES majors, is establishing its presence in the Renewables Market in Greece and CIS countries,
Corio CEO Jonathan Cole was appointed to the position by a unanimous vote of the Council’s board in London.
If Europe gets its NZIA wrong, it’ll end up building wind farms with turbines manufactured outside of Europe, probably in China.
Statkraft and Air Liquide have signed a PPA to produce green hydrogen in Germany.
Roxtec has received the Sweden’s Best Managed Companies recognition for five years in a row.
A Memorandum of Understanding to deliver one of Vietnam’s first offshore wind power assets has been signed by DNV, IE, and PTSC M&C.
Enhanced focus on performance, discipline and simplification / Shareholder distributions increased to 30-40% of cash flow from operations (CFFO) through the cycle: 15% increase in dividend per share effective Q2 2023 and Share buybacks of at least $5 billion for the second half of 2023 / Capital spending reduced to $22-25 billion per year for 2024 and 2025 / Annual operating cost structurally reduced by $2-3 billion by end 2025 / Reiterated commitment to climate targets, including net-zero emissions by 2050
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