India-based renewable energy developer and operator Adani Green Energy Limited (AGEL) announced the completion of a joint venture with French energy giant TotalEnergies, including a $300 million investment by TotalEnergies for a 50% stake in a portfolio of more than 1 GW of solar and wind projects. Initially announced in September 2023, the new JV comes as India continues to…
Renewable energy infrastructure developer and operator Pattern Energy announced today that it has secured $11 billion in financing, consisting of a $8.8 billion in green loans and a $2.25 billion tax equity term loan facility, and that it has initiated construction on the SunZia Wind and Transmission projects, which the company described as “the largest clean energy infrastructure project in…
The government of Canada announced the publication of its completed new standard on the availability of electric vehicles, mandating annual increases in the proportion of sales of new zero emissions light duty vehicles, including passenger cars, SUVs, and light trucks, with a target to reach 100% zero emissions vehicle (ZEV) sales by 2035. The new standard was initially announced in…
The U.S. Treasury Department and Internal Revenue Service (IRS) announced the release of proposed new rules for hydrogen producers to qualify for clean hydrogen tax credits, a key subsidy aimed at scaling the clean hydrogen industry in order to decarbonize major emissions-intensive sectors. The proposed rules include stringent qualification conditions aimed at minimizing the lifecycle emissions of clean hydrogen production,…
Plastics, chemicals, and refining company LyondellBasell signed two new Power Purchase Agreements (PPA) in the U.S. with providers TotalEnergies and Industrial Sun, adding 175 MW of solar power to its procured renewable energy portfolio. According to LyondellBasell, the agreement will bring the company to 89% of its goal to procure at least 50% of electricity from renewable sources by 2030….
The UK government and European Council announced today an agreement to extend their current rules on electric vehicles (EVs) until the end of 2026, pushing back the application of tougher rules of origin for EVs and batteries by three years, in a move aimed at saving manufacturers and consumers billions in costs, and enabling more time to scale up European…