VC funding decarbonisation has stalled since 2022

Drax profits surge 66% and Netherlands and UK launch 4GW+ wind tender and auctions

Forward this email  |  View in browser PowerTechnology In Brief March 01, 2024 SPOTLIGHT READ Venture capital funding for decarbonisation has stalled since 2022 – report After record investments in 2022, decarbonisation-related deals and venture capital funding crashed in 2023, reflecting a poor global economic outlook. LATEST NEWS Drax profits surge 66% as new report finds company still burning rare wood Results come the day after the BBC published a report that finds the company is still burning wood from rare forests in North America.   Netherlands launches tender for 4GW offshore wind projects Applications for the tender are open until 28 March 2024.   UK launches 4.5GW Celtic Sea floating wind lease auction The process will culminate with the selection of preferred bidders for three 1.5GW plots by March 2025.   Masdar acquires 49% stake in 3GW UK Dogger Bank South projects German utility RWE will retain a 51% share and manage the development, construction and operation of the wind farms.   How clean cooking has 'moved to the top of the energy agenda' Policymakers and businesses are finally realising that clean cookstoves are a huge business opportunity as well as a solveable problem.   How will climate change affect rail? Infrabel, Network Rail and Deutsche Bahn share how they are mitigating potential threats from climate change.   NTPC and MAHAGENCO JV develops renewables in Maharashtra, India The joint venture (JV) will establish gigawatt-scale renewable energy parks and execute large-scale projects in phases. Read more news INDEPTH READ Net Zero Strategies in the Power Sector   Decarbonization is one of the most important threats facing the power sector globally. GlobalData's latest report reviews the net zero strategies of the leading 20 companies in the Power sector and identifies key areas for energy transition investments. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Future Power Technology Digital Magazine   Issue 160 | February 2024   In this issue: Public transport electrification, the greenwashing trap, EV supply chains and the Red Sea crisis and more. Read the magazine Click below to view more from across the network: Power Technology   |   Offshore Technology   |   Energy Monitor   Was this email forwarded to you? Sign up here.   Please send any news or comments to: energy.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences