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Nissan to use UK’s largest car factory to build EVs: Japanese automaker Nissan will invest GBP 2 bn to build a new battery factory in the UK and develop two new EV models — the Qashqai and Juke — as part of plans to end combustion engine sales in Europe by 2030, according to a statement released on Friday. The company will channel GBP 1.12 bn toward the models’ production at its Sunderland factory, with the remainder of the planned financing earmarked for development of a planned gigafactory battery plant. The company has already invested GBP 1 bn to build its flagship EV hub in Sunderland and sold more than 1 mn EVs since it launched its first all-electric car in 2010.
More funds going towards research: Nissan will also lead a GBP 30 mn investment in its R&D center in Bedfordshire UK with GBP 15 mn support from the state to develop new EV models, the statement notes.
Maersk will begin powering 12 of its ships with green methanol from 2026: Danish shipping giant Maersk is set to buy 500k tons of green methanol a year from Chinese wind turbine manufacturer Goldwind from 2026 onwards, according to a statement released last week. Goldwind’s green methanol — made up of a mix of green bio-methanol and e-methanol produced at a new wind energy facility in northeast China — will be used to power 12 of Maersk’s large shipping vessels. Maersk currently has 24 methanol-enabled vessels in its fleet, the statement notes.
REMEMBER- Maersk wants to eventually make its own green fuel: Maersk and its parent company AP Moller Holding established a new company called C2X to produce and sell green methanol back in September. C2X is investing USD 3 bn for the annual production of 300k tons ofgreen methanol and its derivatives in the Suez Canal Economic Zone.
US greenlights BP and Equinor's Empire Wind project: The US has approved oil giants BP and Equinor's Empire Wind offshore project off the coasts of New York and New Jersey, Reuters reported last week. Empire Wind will include two offshore wind farms — the 816 MW Empire Wind 1 and the 1.26 GW Empire Wind 2 — with operations set to start in 2026 and 2027 respectively. The US is pushing for 30 GW of offshore wind by 2030, with New York state aiming for 9 GW of generation capacity by 2035. New York will also issue new offshore wind tenders at the end of the month for new and existing bidders.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- Brazil joins global renewables pledge: Brazil has signed onto an agreement backed by the EU, the US, and the UAE to triple renewable energy globally by 2030 and shift away from coal. 100 countries have joined the Global Renewables and Energy Efficiency Targets Pledge so far. (Reuters)
- Airbus + ICAO partner on SAF in South America: The International Civil Aviation Organisation (ICAO) and European planemaker Airbus have signed an agreement to explore the feasibility of sustainable aviation fuel (SAF) development and deployment in South America. (Wam)
- US goes big on environmental justice: The US government will release USD 2 bn in federal grants under President Joe Biden’s Inflation Reduction Action to help impoverished and minority communities curb pollution and transition to clean energy. (AP News)
- Finland will auction five offshore wind power sites: Finland plans to auction five offshore wind power sites with a capacity of about 7.5 GW. The sites on Finland’s western coastline will be leased for up to 50 years. (Reuters)
