The facility will plug into an electrical grid that relies on hydropower and is 90% carbon-free,

The CVOW project is expected to help Virginia meet the targets of the Virginia Clean Economy Act, which requires the State to have 100% clean energy by 2045. The United States aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

The Ministry of Industry and Trade is finalizing the draft power plan VIII, with a target to develop 5,000 MW of offshore wind power by 2030 and about 40,000 MW by 2045.

The volume for solar capacity will be raised by 4,100 MW to around 6,050 MW in 2022 and the volume for onshore wind will be raised by 2,100 MW to around 5,000 MW.

In December 2019, the SECI selected Azure Power to develop 2 GW of solar power projects of 500 MW each across India between 2022 and 2025.

Metsähallitus will act as a project developer and the project will remain owned by the Finnish state.

The programme includes €6.9bn of state funding, and €9.5bn of private investments.

The Belgian government released its hydrogen strategy in October and Equinor said the H2BE project would help Belgium deliver on the strategy.

Globally, renewable electricity capacity is forecast to increase by over 60% between 2020 and 2026, reaching more than 4 800 GW.

The United Kingdom is aiming to secure 12 GW of electricity capacity in the fourth round of the CfD scheme;

India aims to reach a non-fossil energy capacity of 500 GW by 2030.

Designs for a $10.7 billion green hydrogen and ammonia facility in Western Australia’s Pilbara region have been finalised

Among the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda made by the United Nations (UN), there is the objective of ensuring reliable, sustainable, modern, and affordable access to clean energy for all.

OMV Petrom plans to invest €11bn by 2030, with over 35% going to low and zero-carbon opportunities.

We expect Brent prices will average $71/b in December and $73/b in the first quarter of 2022 (1Q22). For 2022 as a whole, we expect that growth in production from OPEC+, of U.S. tight oil, and from other non-OPEC countries will outpace slowing growth in global oil consumption, especially in light of renewed concerns about COVID-19 variants. We expect Brent prices will remain near current levels in 2022, averaging $70/b.