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Spain needs immediate action for 2050 climate neutrality despite significant emission reductions, DNV finds03 December, 2024

Spain needs immediate action for 2050 climate neutrality despite significant emission reductions, DNV finds

DNV’s first Spain-focused Energy Transition Outlook (ETO) underscores the critical need to accelerate efforts toward achieving the country’s 2050 climate neutrality goals. The report reveals that while Spain is on track to reduce CO₂ emissions by 74% compared to 1990 levels by mid-century, this pace lags behind the ambitious milestones outlined in the National Energy and Climate Plan (NECP).

  • Energy
DNV certifies first CO2 storage site in the Middle East for ADNOC carbon capture and storage project25 November, 2024

DNV certifies first CO2 storage site in the Middle East for ADNOC carbon capture and storage project

DNV has certified the feasibility of ADNOC’s West Aquifer CO2 storage site in the UAE, marking a significant milestone in the Middle East’s carbon capture and storage (CCS) efforts. This certification supports ADNOC’s ambition to reach net zero by 2045 and the UAE's Net Zero 2050 Strategy, highlighting the region’s commitment to climate action and sustainable energy solutions.

  • Energy
DNV provides policy guidance and recommendations to support expansion of electric vehicles in Buenos Aires14 November, 2024

DNV provides policy guidance and recommendations to support expansion of electric vehicles in Buenos Aires

DNV has provided policy guidance and recommendations to support the expansion of electric vehicles (EVs) in the Argentinian capital city of Buenos Aires. Commissioned by the World Bank Group, DNV has delivered three comprehensive reports covering EV adoption, charging infrastructure deployment, and manufacturing assessment. These reports aim to facilitate the transition towards sustainable and low-carbon mobility in Argentina's capital city.

  • Energy
DNV tapped to help lenders and investors assess USD 40 billion worth of U.S. offshore wind projects24 October, 2024

DNV tapped to help lenders and investors assess USD 40 billion worth of U.S. offshore wind projects

DNV is performing due diligence to enable the financing of eight offshore wind projects on the United States’ Atlantic Coast. The announcement follows news from DNV’s Energy Transition Outlook 2024 report, which forecasts that about 10 GW of fixed offshore wind is set to be installed annually in the U.S. between 2040 and 2050. While the industry has seen headwinds recently, and the latest Energy Transition Outlook has tempered its overall forecast for offshore wind, projects are still moving steadily forward, as reflected by the robust financing activity in the U.S. The offshore wind projects DNV is assessing collectively represent 13 GW of clean energy capacity, which would increase the U.S.’s total wind power capacity by nearly 9% if they become operational. 

  • Energy
DNV and Metal Industries Research & Development Centre (MIRDC) to combine expertise in promoting renewable energy technology in Taiwan22 October, 2024

DNV and Metal Industries Research & Development Centre (MIRDC) to combine expertise in promoting renewable energy technology in Taiwan

DNV has entered into a Memorandum of Understanding (MoU) with MIRDC, a non-profit foundation focused on the promotion of the development and upgrading of metals and related industries in Taiwan. The ceremony took place at the DNV Technology Centre in Singapore, marking the start of a long-term collaboration aimed at advancing renewable energy technologies in Taiwan. Signing was conducted on 18 October2024 at DNV Technology Centre in Singapore by Yung-Hsiang, Lai, CEO of MIRDC, and Dr Matthew Rowe, Director, Power Grids, APAC, Energy Systems, DNV.  

  • Energy
DNV supports Atlas Renewable Energy in securing financing for 800 MWh battery storage project in Chile07 October, 2024

DNV supports Atlas Renewable Energy in securing financing for 800 MWh battery storage project in Chile

DNV has supported Atlas Renewable Energy in securing $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy Storage System del Desierto, one of the largest energy storage projects in Latin America, with a storage capacity of 800 MWh.

  • Energy
DNV and partners collaborate to decarbonize UK electricity network by cutting greenhouse gas emissions from sulphur hexafluoride01 October, 2024

DNV and partners collaborate to decarbonize UK electricity network by cutting greenhouse gas emissions from sulphur hexafluoride

DNV, in collaboration with leading partners from various sectors, including business, research, and technology, is undertaking a groundbreaking project aimed at managing sulphur hexafluoride (SF6) in the UK's electricity transmission network. SF6, widely used to insulate live electrical parts, interrupt the flow of electrical current, and more generally connect the generation and storage of renewable energy, offers numerous benefits but is a potent greenhouse gas with significant effects on global warming.

  • Energy