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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

Oil-Sands 225
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Port of Argentia, Pattern Energy & Argentia Capital reach agreement on renewable energy to green ammonia project

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(Nefoundland, Canada) reached a binding agreement on commercial terms with Pattern Renewable Holdings Canada 2 ULC (Pattern Energy) for a planned renewable energy to green fuels project at Argentia. Pattern Energy is taking a lease option on some 6,000 acres of industrial and forest lands owned by the Port.

Renewable 243
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Shearwater Energy developing SMR wind-hybrid energy project; selects NuScale Power

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Shearwater Energy Ltd., a United Kingdom-based hybrid clean energy company, is developing a wind-SMR (Small Modular Reactor) and hydrogen production hybrid energy project in North Wales. Power, LLC to provide the clean, base load and load-following energy for the proposed hybrid energy project.

Wind 320
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Mercedes-Benz plans wind farm at Papenburg test track to cover more than 15% of Group’s electricity needs in Germany

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Mercedes-Benz plans to build a wind farm at its test track in Papenburg, northern Germany, with an output of more than 100 MW to cover up to more than 15% of the annual electricity demand of Mercedes-Benz Group AG in Germany. The targeted expansion of renewable energies at our own locations is an integral part of our sustainability strategy.

Wind 396
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bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

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bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.

Oman 321
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Liquid Wind to partner with Sundsvall Energi on second electrofuel facility; eMethanol for shipping

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Sundsvall Energi will partner with Liquid Wind to be the host and provide carbon dioxide for the second commercial-scale—100,000 t—electrofuel facility in Sweden. Biogenic carbon dioxide from the Sundsvall energy facility will be captured and combined with renewable hydrogen to generate green electrofuel, eMethanol.

Wind 243
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year.

Financing 243