Headline News:
- “Record US Renewable Energy Investment Is Not Enough To Meet Climate Goals: Report” • US investment in wind and solar power plants hit record levels last year, but even that growth rate fell short of the level needed to meet the nation’s climate goals, an analysis shows. The US must add at least 60 GW of capacity this year to stay on track. [The Business Times]
Dam (American Public Power Association, Unsplash)
- “Rio Tinto Doubles Down To Produce Renewable Aluminium” • Miner and aluminium producer Rio Tinto has doubled down on its moves to decarbonise the aluminium production chain. It announced its second renewable power purchase agreement, which will supply its Gladstone operations in Queensland. It is Australia’s largest PPA. [Australian Manufacturing Forum]
- “Electricity From Renewable Sources Up To 41% In 2022” • In 2022, renewable energy resources made up 41.2% of the gross electricity consumption in the EU, 3.4 percentage points more than in 2021 (37.8%) and well ahead of other electricity generating sources such as nuclear (less than 22%), gas (less than 20%) or coal (less than 17%). [European Commission]
- “China’s Coal Boom Slows As Top Mining Hubs Focus On Renewable Energy” • China’s coal boom is slowing as top mining regions limit growth and steer investment to the clean energy that will replace the dirtiest fossil fuel. Seven straight years of rising output have produced a glut of coal that kept prices low. But there are other costs. [The Straits Times]
- “PLT Energia Forms 1-GW Texas JV” • PLT Energy US Corp, a subsidiary of Italian developer PLT Energia, has entered into a joint venture with GGS Energy to develop more than 1 GW of renewable energy in Texas. The JV’s first project will be Indigo Project Phase I, in West Texas, comprising 150 MW of PV and 180 MW of storage. [reNews]
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