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OMNI Features|Thailand Drafts Legislation to Reduce Carbon Emissions.EU and Australia Reaffirm Commitment to Implementing Paris Agreement.First "Tri-Green Greenhouse" in Taiwan Inaugurated in Promoting Sustainable Pasture Industry
Apr. 09 2024
OMNI Features|Thailand Drafts Legislation to Reduce Carbon Emissions.EU and Australia Reaffirm Commitment to Implementing Paris Agreement.First "Tri-Green Greenhouse" in Taiwan Inaugurated in Promoting Sustainable Pasture Industry
The Thai government is set to introduce a draft law aimed at reducing carbon emissions, with plans for implementation by the end of this year. The goal is to achieve carbon neutrality by 2050 and net-zero emissions by 2065. The proposed legislation includes measures such as carbon credit trading, carbon tax, and a domestic carbon emissions trading system, with businesses required to comply with the regulations.
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OMNI Features|Southeast Asia's First 49 MW Floating Hybrid BESS Begins Operation.Natura 2000 Permit Granted to Aurora OWF by OX2 and Ingka Investments
Apr. 09 2024
OMNI Features|Southeast Asia's First 49 MW Floating Hybrid BESS Begins Operation.Natura 2000 Permit Granted to Aurora OWF by OX2 and Ingka Investments
Aboitiz Power, a major power company in the Philippines, commenced construction of the floating Battery Energy Storage System (BESS) project in Maco, Davao de Oro in March 2023. The project, with a capacity of 49 MW, is Southeast Asia's first floating energy storage system installed on an offshore barge and marks Aboitiz Power's inaugural energy storage system project. Named the "Hybrid BESS," the project is situated near the fuel-fired power plant (100 MW) operated by its wholly-owned subsidiary, Therma Marine, Inc. (TMI).
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OMNI Features|EDF and Fred Olsen Seawind Slash Turbine Numbers for Codling Wind Park.Scotland's £16 Billion Wind Energy Set to Go to Waste.Chinese OEM Mingyang's Scottish Offshore Wind Turbine Factory Plan Named 'Priority'
Apr. 08 2024
OMNI Features|EDF and Fred Olsen Seawind Slash Turbine Numbers for Codling Wind Park.Scotland's £16 Billion Wind Energy Set to Go to Waste.Chinese OEM Mingyang's Scottish Offshore Wind Turbine Factory Plan Named 'Priority'
EDF Renewables and Fred Olsen have decided to reduce the number of turbines at Ireland's largest planned offshore wind farm – their 1.3GW Codling Wind Park – while maintaining its planned capacity. The developers confirmed the latest 25% reduction in the number of turbines – from a maximum of 100 to 60-75.
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GE Vernova Completes Spin-off and Begins Trading on the New York Stock Exchange
Apr. 03 2024
GE Vernova Completes Spin-off and Begins Trading on the New York Stock Exchange
GE Vernova announced today that its spin-off from GE is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol "GEV," effective at the market opening today. In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET.
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TOWIA Supports Reasonable Electricity Price Adjustment for Taiwan Offshore Wind Enters Zero Subsidy
Apr. 03 2024
TOWIA Supports Reasonable Electricity Price Adjustment for Taiwan Offshore Wind Enters Zero Subsidy
The Taiwan Offshore Wind Industry Association (TOWIA) responded to the recent announcement of Taipower's policy to raise residential and industrial electricity prices, stating that Taiwan's electricity prices have long failed to reflect actual costs. With international fuel prices rising recently, Taipower's finances have been heavily impacted. TOWIA supports reasonable electricity price adjustments, advocating for electricity users to moderately share the internal costs such as generation, transmission, and distribution as external costs like environmental impacts, aiding in the overall decarbonization process of industries and society.
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Taipower Set Up Response Center To Closely Grasp The Power Supply Status After The Earthquake
Apr. 03 2024
Taipower Set Up Response Center To Closely Grasp The Power Supply Status After The Earthquake
Following the earthquake with a magnitude of 7.2 on the Richter scale that occurred at 7:58 a.m. today (April 3rd, 2024), Taipower promptly established a response center to swiftly assess the condition of the power grid. As of 11:30 a.m. today, reports indicate a total of 354,534 power outages across Taiwan. Subsequently, restoration efforts have successfully reinstated power to over 90 percent of affected households, approximately totaling 342,968 residences. However, approximately 11,566 households remain without power at present.
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OMNI Features|New Zealand to Propose Classification Rules for Financial Industry to Address Climate Change.Denmark Passes Construction Waste Recycling Laws.New Taipei City Introduces Zero Carbon Demonstration Sites to Facilitate Implementation of VPP for Energy Conservation
OMNI Features|New Zealand to Propose Classification Rules for Financial Industry to Address Climate Change.Denmark Passes Construction Waste Recycling Laws.New Taipei City Introduces Zero Carbon Demonstration Sites to Facilitate Implementation of VPP for Energy Conservation
To promote green and sustainable finance, the New Zealand government has established the specialized Inclusive Trade Action Group (ITAG), comprising experts and industry stakeholders. The objective is to provide comprehensive recommendations by June 2024 and develop a clear classification system to identify economic activities and assets that align with sustainability and low-emission transition. This initiative aims to enhance the confidence of investors, businesses, and market participants while reducing uncertainty surrounding "green" financial products.
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OMNI Features|The Norwegian Government Establishes "Common State Aid Model" Postpones Floating Wind Tender Until 2025.South Korean Unveils 100 Trillion Won Plan to Promote Offshore Wind.Minister of Energy States Canada's Lack of Interest in Investing in LNG Facilities
Apr. 02 2024
OMNI Features|The Norwegian Government Establishes "Common State Aid Model" Postpones Floating Wind Tender Until 2025.South Korean Unveils 100 Trillion Won Plan to Promote Offshore Wind.Minister of Energy States Canada's Lack of Interest in Investing in LNG Facilities
The award of 1.5 GW of floating wind capacity in Norway, which was planned for this year, will be held in 2025 as the Norwegian government plans to have the subsidy model in place and announced before allocating the Utsira Nord (Utsira North) offshore areas for development.