General Electric announces plans to stop building new coal plants

The US conglomerate said the exit from the new build coal power market may involve divestitures, site closings and job cuts

UK launches COP26 Energy Transition Council to accelerate switch to clean power

The new body will work with representatives of governments to ensure that for every country renewable energy is the most attractive option

Israel’s OPC Energy to buy US firm Competitive Power Ventures

Its holding in CPV may be around 70%, with plans to bring in a number of institutional investors from the Israeli capital market as partners in the deal

Green distilleries competition opens for spirited applicants

The initiative aims to support the decarbonisation of the spirits industry through the development of low carbon fuel-switching or fuel-switch-enabling technologies

Iberdrola enters Japanese offshore wind market with 3.3GW acquisition

The Spanish energy company plans to develop a 3.3GW offshore wind portfolio in the country

Almost 80% of Europe’s electricity could be ‘fossil fuel-free by 2030’

The share of renewables in the generation mix gained almost 10% points in one year, according to Eurelectric

Online platform helps financial institutions measure climate impact

Around 120 financial institutions have access to the platform, with $5.8bn of climate disbursed loans reported so far

ENGIE secures $65m loan to expand renewable energy capacity in India

The 200MW solar photovoltaic power plant is forecast to generate about 440GWh and help avoid nearly 385,000 tonnes of carbon dioxide emissions every year

Finnish biofuel producer to cut up to 470 jobs due to ‘operational restructuring’

Neste says it is exploring the shutdown of its refinery operations in one of its plants and the transformation of another

‘UK’s first’ EV forecourt in Essex nears completion

The project, the first of a £1 billion nationwide network of electric forecourts, is planned to open before the end of the year